Economic and Real-Estate Indicators Num. 61

Here is the 61th issue of our GIX Report where we share the reality of the Spanish economy and real-estate sector every month.

With preliminary data from the National Accounts and having indicated consumption behaviour as the main indicator of progress, investment in housing does not reflect very high growth rates in the first three quarters of the year, and the same is true for construction and real estate activity, if we look at the supply side. This component of expenditure must improve so that the increase in housing on the market converges with current demand needs.

The general CPI reflected 3% in the preliminary data for November, which is the recent range for the last few months, give or take a tenth of a point, although it is important to note that it is 100 basis points above the European average, contributing to a loss of competitiveness for the products we export.

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

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 December 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