Economic and Real Estate Sector Indicators No. 63
February 2026
Over 50 indicators of the Spanish economy and real-estate sector
Here is the 63th issue of our GIX Report where we share the reality of the Spanish economy and real-estate sector every month.
The INE has published the CNTR’s preliminary data for the last quarter of 2025, which shows that the Spanish economy continues to grow at a rate of 2.6% in real terms. Although this is positive news, it marks a turning point towards a slowdown in growth for this year to around 2.3%. Demand factors are the main contributors to this growth, especially private consumption and investment in construction. The foreign sector continues to show a deficit because imports continue to exceed exports. There is a low correlation between what families earn through wages and the increase in the cost of living (significant cumulative CPI and no transmission to real wages), which will cause private consumption to fall and, consequently, the growth rate of the Spanish economy.
Employment data according to the EPA (Labour Force Survey) in the fourth quarter improved slightly, with the unemployment rate remaining at 10%.
Financial markets remain strong, supported among other things by GDP data, low expectations of rate hikes and good corporate results, reducing risk premiums. The 12-month Euribor is asymptotically approaching the ECB’s 2% rates, in line with expectations of stability in ECB rates and the absence of signs pointing to further increases.
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 February 2026 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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