Lugo province · report
Past price cycles in Lugo province
Appraised values have fallen by 3% or more 5 times since 1995. The deepest began in Q1 2008.
- Deepest fall
- −29.5%
- Recovery from the low
- 138 months
Prices in Lugo province and in Spain, indexed
Appraised values, both set to 100 in Q1 1995.
- Lugo province
- Spain
- 100 = Q1 1995
Show the numbers
| Period | Lugo province | Spain |
|---|---|---|
| Q2 2026 | 258.5 | 351.1 |
| Q1 2026 | 252.5 | 345.2 |
| Q4 2025 | 242.4 | 332.4 |
| Q3 2025 | 238.9 | 321.0 |
| Q2 2025 | 236.8 | 312.1 |
| Q1 2025 | 226.4 | 303.1 |
| Q4 2024 | 219.5 | 294.0 |
| Q3 2024 | 217.4 | 286.4 |
| Q2 2024 | 210.6 | 282.6 |
| Q1 2024 | 213.9 | 278.1 |
| Q4 2023 | 208.9 | 274.6 |
| Q3 2023 | 211.9 | 270.2 |
| Q2 2023 | 204.5 | 267.3 |
| Q1 2023 | 201.7 | 266.6 |
| Q4 2022 | 194.2 | 260.8 |
| Q3 2022 | 198.4 | 259.4 |
| Q2 2022 | 200.8 | 259.5 |
| Q1 2022 | 195.4 | 258.5 |
| Q4 2021 | 196.5 | 252.5 |
| Q3 2021 | 194.0 | 247.7 |
| Q2 2021 | 193.0 | 245.9 |
| Q1 2021 | 188.1 | 242.3 |
| Q4 2020 | 191.6 | 241.8 |
| Q3 2020 | 188.1 | 241.4 |
| Q2 2020 | 184.6 | 240.0 |
| Q1 2020 | 185.0 | 244.5 |
| Q4 2019 | 186.1 | 246.4 |
| Q3 2019 | 191.8 | 244.2 |
| Q2 2019 | 187.3 | 244.1 |
| Q1 2019 | 183.4 | 243.9 |
| Q4 2018 | 189.3 | 241.3 |
| Q3 2018 | 196.4 | 237.0 |
| Q2 2018 | 193.0 | 236.7 |
| Q1 2018 | 191.9 | 233.5 |
| Q4 2017 | 189.6 | 232.4 |
| Q3 2017 | 188.5 | 229.6 |
| Q2 2017 | 187.8 | 228.1 |
| Q1 2017 | 184.1 | 227.5 |
| Q4 2016 | 185.2 | 225.4 |
| Q3 2016 | 188.7 | 223.6 |
| Q2 2016 | 193.3 | 224.6 |
| Q1 2016 | 187.6 | 222.5 |
| Q4 2015 | 182.2 | 222.1 |
| Q3 2015 | 181.8 | 220.0 |
| Q2 2015 | 187.0 | 220.2 |
| Q1 2015 | 179.7 | 217.3 |
| Q4 2014 | 178.4 | 218.1 |
| Q3 2014 | 180.8 | 217.0 |
| Q2 2014 | 178.9 | 217.5 |
| Q1 2014 | 179.3 | 217.6 |
| Q4 2013 | 186.0 | 218.7 |
| Q3 2013 | 192.7 | 222.9 |
| Q2 2013 | 200.9 | 224.0 |
| Q1 2013 | 199.6 | 226.1 |
| Q4 2012 | 192.6 | 228.3 |
| Q3 2012 | 196.1 | 233.4 |
| Q2 2012 | 213.0 | 239.5 |
| Q1 2012 | 217.8 | 245.9 |
| Q4 2011 | 230.9 | 253.7 |
| Q3 2011 | 232.3 | 257.8 |
| Q2 2011 | 242.5 | 261.2 |
| Q1 2011 | 229.9 | 265.0 |
| Q4 2010 | 236.9 | 272.1 |
| Q3 2010 | 233.4 | 273.1 |
| Q2 2010 | 233.8 | 275.6 |
| Q1 2010 | 224.4 | 278.1 |
| Q4 2009 | 220.8 | 282.1 |
| Q3 2009 | 226.2 | 282.8 |
| Q2 2009 | 236.4 | 286.4 |
| Q1 2009 | 239.5 | 291.9 |
| Q4 2008 | 240.0 | 300.9 |
| Q3 2008 | 247.0 | 308.4 |
| Q2 2008 | 252.9 | 312.4 |
| Q1 2008 | 253.1 | 313.3 |
| Q4 2007 | 250.4 | 310.9 |
| Q3 2007 | 246.3 | 307.3 |
| Q2 2007 | 248.5 | 306.3 |
| Q1 2007 | 239.3 | 301.8 |
| Q4 2006 | 237.3 | 296.7 |
| Q3 2006 | 234.5 | 291.7 |
| Q2 2006 | 233.6 | 289.5 |
| Q1 2006 | 217.3 | 281.4 |
| Q4 2005 | 200.3 | 272.0 |
| Q3 2005 | 179.1 | 265.6 |
| Q2 2005 | 169.7 | 261.3 |
| Q1 2005 | 184.5 | 251.3 |
| Q4 2004 | 169.2 | 241.2 |
| Q3 2004 | 173.1 | 234.2 |
| Q2 2004 | 155.0 | 229.4 |
| Q1 2004 | 157.4 | 217.1 |
| Q4 2003 | 149.6 | 205.8 |
| Q3 2003 | 138.2 | 200.5 |
| Q2 2003 | 136.7 | 195.2 |
| Q1 2003 | 135.2 | 183.4 |
| Q4 2002 | 134.3 | 173.6 |
| Q3 2002 | 133.2 | 170.3 |
| Q2 2002 | 133.4 | 166.6 |
| Q1 2002 | 125.1 | 156.8 |
| Q4 2001 | 124.3 | 148.0 |
| Q3 2001 | 123.6 | 146.5 |
| Q2 2001 | 124.9 | 143.5 |
| Q1 2001 | 121.2 | 138.7 |
| Q4 2000 | 123.8 | 133.2 |
| Q3 2000 | 119.6 | 132.9 |
| Q2 2000 | 116.6 | 131.2 |
| Q1 2000 | 115.3 | 127.6 |
| Q4 1999 | 115.9 | 123.6 |
| Q3 1999 | 116.2 | 123.4 |
| Q2 1999 | 111.8 | 120.1 |
| Q1 1999 | 108.7 | 116.3 |
| Q4 1998 | 107.2 | 112.8 |
| Q3 1998 | 106.8 | 115.8 |
| Q2 1998 | 103.5 | 113.6 |
| Q1 1998 | 104.4 | 106.8 |
| Q4 1997 | 103.9 | 104.8 |
| Q3 1997 | 100.6 | 108.3 |
| Q2 1997 | 103.1 | 108.3 |
| Q1 1997 | 109.2 | 103.0 |
| Q4 1996 | 101.5 | 103.5 |
| Q3 1996 | 100.7 | 103.0 |
| Q2 1996 | 108.7 | 104.0 |
| Q1 1996 | 104.6 | 102.3 |
| Q4 1995 | 100.6 | 103.3 |
| Q3 1995 | 94.8 | 101.8 |
| Q2 1995 | 101.3 | 102.3 |
| Q1 1995 | 100.0 | 100.0 |
Every fall of 3% or more
From the peak to the lowest month after it, and how long prices took to get back.
| Peak | Low | Fall | Months falling | Months to recover |
|---|---|---|---|---|
| Q2 1995 | Q3 1995 | −6.4% | 3 | 6 |
| Q2 1996 | Q3 1996 | −7.3% | 3 | 6 |
| Q1 1997 | Q3 1997 | −7.9% | 6 | 21 |
| Q1 2005 | Q2 2005 | −8.0% | 3 | 6 |
| Q1 2008 | Q4 2014 | −29.5% | 81 | 138 |
Spain against the EU since 2015
Eurostat's house price index for all dwellings, 2015 = 100. National figures, comparable across member states.
- Spain
- EU
- 2015 = 100
Show the numbers
| Period | Spain | EU |
|---|---|---|
| Q2 2026 | 200.6 | 168.6 |
| Q1 2026 | 194.1 | 166.5 |
| Q4 2025 | 187.5 | 164.6 |
| Q3 2025 | 184.1 | 163.5 |
| Q2 2025 | 178.9 | 161.0 |
| Q1 2025 | 172.0 | 158.5 |
| Q4 2024 | 166.1 | 156.2 |
| Q3 2024 | 163.1 | 155.1 |
| Q2 2024 | 158.6 | 152.7 |
| Q1 2024 | 153.2 | 149.8 |
| Q4 2023 | 149.1 | 148.9 |
| Q3 2023 | 150.7 | 149.1 |
| Q2 2023 | 147.0 | 148.2 |
| Q1 2023 | 144.0 | 147.6 |
| Q4 2022 | 143.0 | 148.7 |
| Q3 2022 | 144.2 | 150.9 |
| Q2 2022 | 141.7 | 149.6 |
| Q1 2022 | 139.1 | 146.2 |
| Q4 2021 | 135.6 | 143.2 |
| Q3 2021 | 133.9 | 140.2 |
| Q2 2021 | 131.2 | 136.0 |
| Q1 2021 | 128.1 | 132.1 |
| Q4 2020 | 127.6 | 129.8 |
| Q3 2020 | 128.6 | 128.1 |
| Q2 2020 | 127.0 | 126.3 |
| Q1 2020 | 126.9 | 124.4 |
| Q4 2019 | 125.4 | 122.7 |
| Q3 2019 | 126.3 | 121.5 |
| Q2 2019 | 124.3 | 119.8 |
| Q1 2019 | 122.9 | 117.6 |
| Q4 2018 | 121.0 | 116.8 |
| Q3 2018 | 120.5 | 115.9 |
| Q2 2018 | 117.9 | 114.2 |
| Q1 2018 | 115.0 | 112.3 |
| Q4 2017 | 113.4 | 111.2 |
| Q3 2017 | 112.4 | 110.4 |
| Q2 2017 | 110.4 | 108.8 |
| Q1 2017 | 108.2 | 106.9 |
| Q4 2016 | 105.8 | 106.1 |
| Q3 2016 | 105.4 | 105.4 |
| Q2 2016 | 104.6 | 103.8 |
| Q1 2016 | 102.7 | 102.0 |
| Q4 2015 | 101.3 | 101.1 |
| Q3 2015 | 101.3 | 100.8 |
| Q2 2015 | 100.7 | 99.8 |
| Q1 2015 | 96.7 | 98.3 |
Appraised values go back to 1995 for Spain, its regions and provinces, and to 2005 for municipalities over 25,000 inhabitants. They are quarterly, so falls are dated by quarter. A fall counts once values drop 3% below a peak, and ends when they are back at it.
Other reports for Lugo province
At the average appraised value, a 90 m² home costs €105,606. With 10% down and a 30-year mortgage, the payment is €403 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.
- Payment, two incomes
- 13%
- Payment, one income
- 25%
73.9% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 707
- Per 1,000 residents
- 2.2
Buyers living abroad bought 1.1% of the homes sold here in the four quarters to Q2 2026.
- Bought by buyers abroad, 12 months
- 1.1%
In 2024 the population grew by 1,085 while 197 homes were finished: 5.5 new residents for every new home.
- New residents per new home, 2024
- 5.5
- Population change, 2024
- +1,085
37.3% of the 269,067 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 37.3%
- Empty homes
- 100,487
Public bodies signed €24.8M of housing works here in 2025, and €24.8M since 2017.
- Signed in 2025
- €24.8M
- Per resident, 2025
- €76