Economic and Real-Estate Indicators Num. 44

Here is the 44th issue of our GIX Report where we share the reality of the Spanish economy and real-estate sector every month.

The Spanish economy in the first quarter of the year grew by 2.5% year-on-year, an improvement over the provisional figures. All productive sectors improved compared to December and, on the expenditure side, consumption remained practically unchanged and investment in construction increased, boosted by other buildings.

The CPI figure for May shows a year-on-year increase of 3.6%, which, except in February, remains above 3% and which, looking at June’s advance figure, drops two tenths, mainly due to food and fuel, although the 3% barrier of the underlying rate, which remains unchanged, is a cause for concern.

Residential real estate activity in the national accounts fell by one percentage point, with the rest of the indicators remaining in line with previous months, with a slight increase in mortgages taken out, but with signs of little momentum in the sector.

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

• 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 January 2024 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