Economic and Real-Estate Indicators Num. 62

Here is the 62th issue of our GIX Report where we share the reality of the Spanish economy and real-estate sector every month.

The INE has published revised data from the Quarterly Accounts for the third quarter of 2025, with the notable change that GDP has been revised significantly downwards. On the expenditure side, private consumption fell by one tenth of a percentage point, while public consumption rose by two tenths of a percentage point, consequently changing the growth pattern. Investment supports growth, especially construction activity and capital goods. On the external side, imports increased significantly, while exports fell due to our inflation differential, which makes them more expensive. In short, the economy is growing only on the demand side.

In the financial and investment sphere, the IBEX remains at record highs, facilitating financing for listed companies.

Real estate activity indicators remain weak. Housing is unaffordable in terms of purchase prices and rents, which are high. This is supported by demand and low supply, as well as the weak legal security enjoyed by owners and the sector in general.

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 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