Spain · report
Asking prices against appraised values in Spain
In Q2 2026, sellers asked 22.2% more than appraisers valued homes at. A year ago the gap was +14.3%.
- Gap today
- +22.2%
- Change in a year
- +7.9 pp
How far asking prices are from appraised values in Spain
Each line sets one measure of price against another, in %. Above zero, the first is higher.
- Asking price against appraised value, by quarter
- No gap
Show the numbers
| Period | Asking price against appraised value, by quarter |
|---|---|
| Q2 2026 | 22.2% |
| Q1 2026 | 19.7% |
| Q4 2025 | 16.6% |
| Q3 2025 | 15.9% |
| Q2 2025 | 14.3% |
| Q1 2025 | 11.8% |
| Q4 2024 | 13.7% |
| Q3 2024 | 13.0% |
| Q2 2024 | 11.8% |
| Q1 2024 | 10.5% |
| Q4 2023 | 10.1% |
| Q3 2023 | 10.5% |
| Q2 2023 | 10.2% |
| Q1 2023 | 7.3% |
| Q4 2022 | 8.0% |
| Q3 2022 | 7.3% |
| Q2 2022 | 5.7% |
| Q1 2022 | 4.2% |
| Q4 2021 | 6.7% |
| Q3 2021 | 8.5% |
| Q2 2021 | 8.3% |
| Q1 2021 | 8.2% |
| Q4 2020 | 7.5% |
| Q3 2020 | 6.2% |
| Q2 2020 | 6.3% |
| Q1 2020 | 5.7% |
| Q4 2019 | 4.7% |
| Q3 2019 | 4.7% |
| Q2 2019 | 3.7% |
| Q1 2019 | 2.8% |
| Q4 2018 | 2.8% |
| Q3 2018 | 3.3% |
| Q2 2018 | 1.5% |
| Q1 2018 | 0.7% |
| Q4 2017 | -0.9% |
| Q3 2017 | -0.4% |
| Q2 2017 | -0.9% |
| Q1 2017 | -0.9% |
| Q4 2016 | -0.7% |
| Q3 2016 | 0.2% |
| Q2 2016 | 0.5% |
| Q1 2016 | 2.0% |
| Q4 2015 | 2.3% |
| Q3 2015 | 3.7% |
| Q2 2015 | 5.0% |
| Q1 2015 | 6.7% |
| Q4 2014 | 6.6% |
| Q3 2014 | 7.1% |
| Q2 2014 | 7.7% |
| Q1 2014 | 10.0% |
| Q4 2013 | 10.8% |
| Q3 2013 | 9.8% |
| Q2 2013 | 10.8% |
| Q1 2013 | 11.5% |
| Q4 2012 | 13.4% |
| Q3 2012 | 13.8% |
| Q2 2012 | 14.4% |
| Q1 2012 | 14.5% |
| Q4 2011 | 13.9% |
| Q3 2011 | 13.8% |
| Q2 2011 | 13.5% |
| Q1 2011 | 11.3% |
| Q4 2010 | 7.7% |
| Q3 2010 | 5.9% |
| Q2 2010 | 3.9% |
| Q1 2010 | 1.6% |
| Q4 2009 | 0.3% |
| Q3 2009 | 0.6% |
| Q2 2009 | 0.8% |
| Q1 2009 | -0.5% |
| Q4 2008 | -2.7% |
| Q3 2008 | -3.6% |
| Q2 2008 | -2.1% |
| Q1 2008 | -2.1% |
| Q4 2007 | -0.0% |
| Q3 2007 | 1.5% |
| Q2 2007 | 2.5% |
| Q1 2007 | 2.5% |
| Q4 2006 | 3.8% |
| Q3 2006 | 4.3% |
| Q2 2006 | 4.2% |
| Q1 2006 | 9.5% |
New homes against existing homes, Spain
Eurostat's house price index for Spain, newly built and existing dwellings, 2015 = 100. National figures, shown here as context.
- Existing homes
- New homes
- 2015 = 100
Show the numbers
| Period | Existing homes | New homes |
|---|---|---|
| Q2 2026 | 196.9 | 221.3 |
| Q1 2026 | 189.8 | 219.1 |
| Q4 2025 | 183.3 | 211.7 |
| Q3 2025 | 180.1 | 207.1 |
| Q2 2025 | 174.3 | 206.2 |
| Q1 2025 | 167.2 | 200.9 |
| Q4 2024 | 162.0 | 190.4 |
| Q3 2024 | 158.8 | 188.9 |
| Q2 2024 | 154.4 | 183.7 |
| Q1 2024 | 148.9 | 178.8 |
| Q4 2023 | 145.7 | 169.5 |
| Q3 2023 | 147.1 | 171.7 |
| Q2 2023 | 143.8 | 165.4 |
| Q1 2023 | 140.8 | 162.8 |
| Q4 2022 | 140.5 | 157.8 |
| Q3 2022 | 142.4 | 154.9 |
| Q2 2022 | 139.8 | 153.5 |
| Q1 2022 | 136.6 | 153.5 |
| Q4 2021 | 133.4 | 148.6 |
| Q3 2021 | 132.1 | 145.3 |
| Q2 2021 | 129.6 | 141.2 |
| Q1 2021 | 126.2 | 139.6 |
| Q4 2020 | 125.3 | 140.4 |
| Q3 2020 | 126.6 | 139.7 |
| Q2 2020 | 125.9 | 133.4 |
| Q1 2020 | 125.3 | 136.4 |
| Q4 2019 | 124.8 | 129.7 |
| Q3 2019 | 125.6 | 130.2 |
| Q2 2019 | 123.7 | 128.0 |
| Q1 2019 | 122.0 | 128.5 |
| Q4 2018 | 120.6 | 123.2 |
| Q3 2018 | 120.3 | 121.6 |
| Q2 2018 | 117.7 | 119.2 |
| Q1 2018 | 114.8 | 116.2 |
| Q4 2017 | 113.3 | 113.9 |
| Q3 2017 | 112.1 | 114.8 |
| Q2 2017 | 110.0 | 113.1 |
| Q1 2017 | 107.9 | 110.0 |
| Q4 2016 | 105.7 | 106.0 |
| Q3 2016 | 105.1 | 107.7 |
| Q2 2016 | 104.0 | 108.0 |
| Q1 2016 | 102.5 | 104.1 |
| Q4 2015 | 101.2 | 101.7 |
| Q3 2015 | 101.5 | 100.3 |
| Q2 2015 | 100.9 | 99.7 |
| Q1 2015 | 96.4 | 98.3 |
Asking prices are Idealista's for second-hand homes, averaged over each quarter (Banco de España); appraised values are MIVAU's for free-market homes of any age. Spain as a whole only: neither is published for the same places at the same frequency.
Other reports for Spain
Asking prices have an 80% chance of landing between €3,001/m² and €3,338/m² by September 2027.
- Expected, September 2027
- €3,170/m²
- Chance of a rise
- 97%
At the average appraised value, a 90 m² home costs €211,950. With 10% down and a 30-year mortgage, the payment is €808 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.
- Payment, two incomes
- 24%
- Payment, one income
- 49%
42.5% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 146,376
- Per 1,000 residents
- 3.0
Buyers living abroad bought 7.0% of the homes sold here in the four quarters to Q2 2026.
- Bought by buyers abroad, 12 months
- 7.0%
Appraised values have fallen by 3% or more 2 times since 1995. The deepest began in Q1 2008.
- Deepest fall
- −30.7%
- Recovery from the low
- 132 months
In 2024 the population grew by 510,212 while 97,837 homes were finished: 5.2 new residents for every new home.
- New residents per new home, 2024
- 5.2
- Population change, 2024
- +510,212
14.4% of the 26,623,708 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 14.4%
- Empty homes
- 3,828,307
In 2025, 16% of the homes authorised were in existing buildings: conversions, extensions and changes of use.
- Homes in existing buildings, 2025
- 16%
Public bodies signed €771.7M of housing works here in 2025, and €2.4B since 2017.
- Signed in 2025
- €771.7M
- Per resident, 2025
- €16