Spain · report
Renovation in Spain
In 2025, 16% of the homes authorised were in existing buildings: conversions, extensions and changes of use.
- Homes in existing buildings, 2025
- 16%
Homes authorised in Spain: new buildings and existing ones
Dwellings in approved works plans each year: in new buildings, and by extending or refurbishing existing ones. MIVAU, by autonomous community.
- Existing buildings
- New buildings
Show the numbers
| Year | New buildings | Existing buildings | Total |
|---|---|---|---|
| 2025 | 139,016 | 27,410 | 166,426 |
| 2024 | 127,721 | 26,636 | 154,357 |
| 2023 | 109,483 | 24,883 | 134,366 |
| 2022 | 108,923 | 26,921 | 135,844 |
| 2021 | 108,318 | 30,457 | 138,775 |
| 2020 | 85,535 | 28,229 | 113,764 |
| 2019 | 106,266 | 31,110 | 137,376 |
| 2018 | 100,733 | 28,066 | 128,799 |
| 2017 | 80,786 | 28,261 | 109,047 |
| 2016 | 64,038 | 28,097 | 92,135 |
| 2015 | 49,695 | 26,847 | 76,542 |
| 2014 | 34,873 | 23,903 | 58,776 |
| 2013 | 34,288 | 24,452 | 58,740 |
| 2012 | 44,162 | 25,494 | 69,656 |
| 2011 | 78,286 | 31,580 | 109,866 |
| 2010 | 91,662 | 35,881 | 127,543 |
| 2009 | 110,849 | 35,791 | 146,640 |
| 2008 | 264,795 | 34,756 | 299,551 |
| 2007 | 651,427 | 37,424 | 688,851 |
| 2006 | 865,561 | 46,007 | 911,568 |
| 2005 | 729,652 | 56,605 | 786,257 |
| 2004 | 687,051 | 52,607 | 739,658 |
| 2003 | 636,332 | 53,874 | 690,206 |
| 2002 | 524,181 | 51,364 | 575,545 |
| 2001 | 502,571 | 58,601 | 561,172 |
| 2000 | 535,668 | 59,152 | 594,820 |
| 1999 | 515,493 | 42,767 | 558,260 |
| 1998 | 429,821 | 33,278 | 463,099 |
| 1997 | 337,728 | 30,531 | 368,259 |
| 1996 | 282,447 | 24,115 | 306,562 |
| 1995 | 309,112 | 21,149 | 330,261 |
| 1994 | 268,593 | 25,694 | 294,287 |
| 1993 | 216,520 | 18,344 | 234,864 |
| 1992 | 221,060 | 18,921 | 239,981 |
These are approvals, not finished works, and they count dwellings only: renovation that creates or reshapes no dwelling is not in them. MIVAU splits them by autonomous community, not by province.
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%
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
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
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