Economic and Real-Estate Indicators Num. 56
July 2025
Over 50 indicators of the Spanish economy and real-estate sector
Here is the 56th issue of our GIX Report where we share the reality of the Spanish economy and real-estate sector every month.
The Quarterly Accounts data corresponding to the definitive data for the first quarter of 2025, adjusted for seasonal and calendar effects, have not undergone significant changes with respect to the provisional data published in the GIX of the previous month.
On the demand side, private consumption improved by 3 tenths with respect to the advance data, while investment in construction fell by one tenth of a percentage point in both housing and non-residential investment. On the supply side, construction, the base sector of real estate, remains unchanged, while within the services sector, real estate activities rise by 5 tenths to a year-on-year variation of 2.7%, although these rates are much lower than those experienced in 2024.
Prices are settling in at around 2.5%, without considering the full effects of tariffs, or the consequences derived from the recently initiated conflict between Israel and Iran, which if it continues will have direct repercussions on the price of oil.
Real estate activity, without significant changes, there seems to be more positive data on visas and mortgage initiations and applications, but the structural problems in the residential segment remain. The main driving forces (politics and industry) remain notably distant.
Economic Indicators
The +50 real-estate economic indicators analysed include:
• GDP
• Consumer Spending
• Capital Investment
• Exports
• Imports
• Industry
• Investment in Construction
• Investment in Housing
• Investment in Other Buildings and Constructions
• Other
Indicators of the Building and Real-Estate Sector.
• Unemployment in Construction
• Housing Stock
• New Build Stock
• Appraised Value of Unsubsidised Housing (€/m2)
• Land Sales
• House Sales
• Yearly Theoretical Effort for Housing Affordability (years)
• Houses Started
• Gross Return on Public Procurement Rentals
• Other
Download below the Gix Report for July 2025 and find out the details and trends in economic data and the building and real-estate sector. You can also see the previous GIX Reports
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