Real Estate Indicators

The residential property sector shows no significant short-term changes; prices are rising, whilst the number of house sales is falling.

The Spanish economy continues to grow at a healthy pace, driven mainly by demand and investment, although private consumption and gross fixed capital formation have fallen slightly.

The Spanish economy continues to grow at a healthy pace, driven mainly by demand and investment, although private consumption and gross fixed capital formation have fallen slightly.

The Spanish economy continues to grow at a healthy pace, driven mainly by demand and investment, although private consumption and gross fixed capital formation have fallen slightly.

The Spanish economy continues to grow at a healthy pace, driven mainly by demand and investment, although private consumption and gross fixed capital formation have fallen slightly.

The residential property sector remains in the same situation as in previous months, with low supply, high demand, excessive market intervention and legal uncertainty, which logically contributes to increases in sales prices and rental incomes.

Employment data according to the EPA in the fourth quarter improved slightly, keeping the unemployment rate at 10%.

Real estate activity indicators remain weak. Housing is unaffordable in terms of purchase prices and rents, with high rental costs.

Mortgages on residential properties remain at an average of around 41,500 units, representing a year-on-year increase of more than 18% compared to 2024.

The number of mortgages taken out is the lowest in the last five months, and the average term in months since 2021 has risen by eight months.

GDP increases by 3.1% in the second quarter of 2025, compared to 2.8% in the preliminary figure, which, when compared to the series for previous years...

Prices, as measured by the CPI, are reluctant to move away from the 2.5%–3.0% range, although the underlying rate has remained at an average of 2.4% over the last six months.

Real estate activity remained largely unchanged, with a notable increase in mortgage applications.

Prices are accommodated at around 2.5%, without considering the full effects of tariffs.

Inflation is around 2% and core inflation is also around 2%, so energy prices do not appear to be distorting the picture at this point.

Inflation does not seem to be a concern for the time being, despite the initial tariff storms which have faded somewhat. Oil prices have fallen and the euro has appreciated somewhat against the dollar.

Spain has maintained the pace of growth of its economy in the first months of the year and will probably continue to do so throughout the first half of the year....

The Spanish economy continues to show a positive momentum reflected in the provisional Quarterly Accounts data, where the Gross Domestic Product, in real terms and filtered from calendar and seasonal effects, has shown a rate of 3.2%.

The data recently published by the INE (National Statistics Institute) for the fourth quarter reflect the stability and growth of the Spanish economy with a year-on-year GDP growth rate of 3.5%.

The Spanish economy shows continuity in most economic indicators, with output growth outpacing that of our European neighbours.