Click on any flag to get an automatic translation from Google translate. Some news could have an original translation here: News Nouvelles Nieuws Noticias Nachrichten
Our Spanish property market quarterly analysis up to September 2020
Welcome to one of the most detailed resource available on Spanish property prices. In this report, you will find all our resources on the 20 biggest Spanish real estate markets.
Contents - Spanish property prices - Quarterly
hide
Don’t miss our last update: What are the impacts of Coronavirus on the Spanish Real Estate Market?
-
Spanish property prices evolutions over the last quarter
Let’s first start with the national average: price is €1,620 /m² end of September 2020: Spanish real estate prices evolved
- by -1.1% during the last year from €1,638/m² (+0.3% 3 months ago)
- by +0.8% during the last quarter (-0.8% 3 months ago)
Real estate prices in Spain are on a strong recovery path since 2014. At the same time demand is really strong up to early 2020. As the Corona arrived, prices started to decrease from March 2020. Of course, due to the lock downs, transaction volume was lower: 476,634 properties were sold during the last year to June 2020, a 17% year on year decrease.
The lowest price reached since the financial crisis of 2007 is €1,456/m² in the third quarter of 2014 while the highest is €2,101.4/m² in the first quarter of 2008.
What are the regions with the biggest increases and decreases?
The top performers for the quarter:
Sorted by price evolution over the last 3 months, fourth column
City / Region Price Yr Price Evolution Qtr Price Evolution Number of Transactions Transaction Evolution Ceuta 1 806 € 1,1% 3,2% 530 -37% Tarragona 1 260 € -1,5% 3,1% 10 574 -17% Cuenca 775 € -0,9% 2,8% 1 585 -15% Toledo 838 € 0,0% 2,8% 7 754 -24% Ceuta y Melilla 1 736 € 2,9% 2,8% 993 -32% Cantabria 1 450 € -2,7% 2,7% 6 236 -14% Valencia/València 1 180 € 0,6% 2,5% 27 417 -18% Huelva 1 065 € -2,9% 2,5% 5 400 -17% Guadalajara 1 116 € 0,0% 2,5% 3 649 -8% Ávila 808 € -0,4% 2,4% 1 864 -15% Girona 1 536 € 0,9% 2,4% 10 127 -16% Cádiz 1 360 € 0,1% 2,3% 12 775 -14% Castilla-La Mancha 875 € -1,0% 2,3% 19 611 -18% Melilla 1 685 € 4,4% 2,2% 463 -24% Pontevedra 1 271 € 0,5% 2,2% 5 705 -12% Castellón/Castelló 1 052 € -0,6% 2,1% 7 826 -16% Balears (Illes) 2 382 € 0,4% 2,1% 12 415 -22% Comunidad Valenciana 1 208 € -0,7% 2,1% 69 629 -19% Segovia 986 € -0,5% 2,0% 1 588 -22% Lugo 854 € -1,9% 1,9% 2 300 -14% Ciudad Real 719 € -2,1% 1,9% 3 812 -15% Zaragoza 1 289 € -2,7% 1,8% 9 329 -14% Alicante/Alacant 1 283 € -1,9% 1,7% 34 386 -21% Huesca 1 140 € -2,7% 1,6% 2 433 -23% Albacete 902 € -2,5% 1,4% 2 811 -19% Galicia 1 202 € 0,4% 1,4% 17 171 -14% Soria 936 € -3,5% 1,4% 858 -27% Aragón 1 194 € -2,9% 1,3% 13 095 -15% León 868 € 0,2% 1,2% 3 501 -15% Rioja (La) 1 090 € 1,5% 1,2% 3 746 -20% Santa Cruz de Tenerife 1 417 € -1,1% 1,2% 9 352 -20% Coruña (A) 1 249 € 1,6% 1,0% 7 439 -16% Murcia (Región de) 958 € -3,2% 1,0% 16 741 -11% As a reminder, the top performers for the June 2020 quarter were:
City / Region Price Yr Price Evolution Qtr Price Evolution Number of Transactions Transaction Evolution Zamora 854 € 2,7% 3,1% 1 412 -3% Melilla 1 648 € 0,3% 1,4% 573 -4% Ceuta y Melilla 1 689 € 1,0% 0,9% 1 204 -14% Asturias (Principado de ) 1 271 € -2,5% 0,6% 9 861 -7% Ceuta 1 750 € 1,1% 0,2% 631 -21% Cuenca 753 € -1,1% 0,2% 1 824 -5% Burgos 1 109 € -1,0% 0,2% 4 138 -11% Málaga 1 811 € -0,2% 0,1% 30 187 -12% Bizkaia 2 350 € 1,1% 0,1% 11 508 -5% Araba/Alava 1 949 € -0,9% 0,1% 2 994 -4% Lleida 996 € -0,5% 0,0% 4 600 1% Coruña (A) 1 236 € -0,5% 0,0% 8 679 -1% The worst performers for the quarter:
Sorted by price evolution over the last 3 months, fourth column
City / Region Price Yr Price Evolution Qtr Price Evolution Number of Transactions Transaction Evolution Zamora 824 € -0,3% -3,6% 1 212 -18% Bizkaia 2 276 € -3,2% -3,1% 10 284 -15% Teruel 736 € -4,8% -2,6% 1 333 -10% País Vasco 2 344 € -2,5% -2,0% 19 033 -14% Jaén 774 € -3,3% -1,6% 4 894 -11% Araba/Alava 1 922 € 0,4% -1,4% 2 529 -22% Málaga 1 789 € -2,0% -1,2% 25 780 -21% Almería 1 091 € -2,2% -1,2% 9 991 -16% Badajoz 848 € -2,5% -1,2% 4 729 -17% Lleida 987 € -3,5% -0,9% 3 910 -15% Sevilla 1 290 € -1,2% -0,8% 17 525 -13% Burgos 1 102 € -3,3% -0,7% 3 624 -20% Extremadura 844 € -2,5% -0,7% 7 792 -16% Salamanca 1 184 € 0,5% -0,6% 2 846 -18% Valladolid 1 210 € -2,1% -0,5% 4 632 -13% Gipuzkoa 2 655 € -2,4% -0,5% 6 220 -10% Córdoba 1 119 € -0,7% -0,2% 6 221 -14% Ourense 915 € -2,1% -0,2% 1 727 -10% Andalucía 1 290 € -1,4% -0,2% 92 714 -16% The worst performers for the June 2020 quarter were:
City / Region Price Yr Price Evolution Qtr Price Evolution Number of Transactions Transaction Evolution Teruel 755 € -0,1% -3,8% 1 472 -1% Huelva 1 039 € -3,1% -3,8% 6 175 -10% Ciudad Real 706 € -3,0% -3,6% 4 525 8% Sevilla 1 301 € 0,8% -3,6% 19 550 -3% Santa Cruz de Tenerife 1 401 € -2,7% -3,5% 11 173 -9% Ávila 789 € -2,7% -3,5% 2 173 0% Murcia (Región de) 948 € -4,9% -3,5% 18 979 1% Canarias 1 484 € -2,2% -3,2% 23 641 -4% Zaragoza 1 266 € -4,3% -3,1% 10 635 -3% Girona 1 501 € -1,6% -3,1% 11 831 -1% Tarragona 1 221 € -5,2% -3,0% 12 403 -2% Cantabria 1 412 € -3,9% -3,0% 7 051 -3% Aragón 1 179 € -3,7% -2,9% 14 870 -5% Soria 924 € -6,8% -2,9% 1 121 8% Valencia/València 1 151 € -2,7% -2,9% 31 828 -6% Palmas (Las) 1 569 € -1,5% -2,8% 12 468 0% Ourense 917 € -4,0% -2,7% 1 995 6% Navarra (Comunidad Foral de) 1 396 € -1,1% -2,6% 5 988 -7% Cádiz 1 330 € -1,1% -2,6% 14 372 -5% Alicante/Alacant 1 262 € -4,0% -2,6% 41 417 -6% Valladolid 1 216 € -1,6% -2,5% 5 243 -4% Comunidad Valenciana 1 184 € -3,5% -2,5% 82 360 -6% Toledo 815 € -1,4% -2,4% 9 120 -10% Rioja (La) 1 077 € -1,0% -2,3% 4 129 -13% Guadalajara 1 090 € -0,9% -2,3% 4 127 -1% Cáceres 839 € -2,6% -2,2% 3 621 5% Cataluña 1 987 € -2,2% -2,1% 85 975 -5% Extremadura 850 € -1,4% -2,0% 9 129 1% Castilla-La Mancha 856 € -2,5% -2,0% 22 879 -4% Pontevedra 1 244 € -1,5% -2,0% 6 537 2% Barcelona 2 362 € -2,1% -2,0% 57 141 -7% Balears (Illes) 2 333 € 0,3% -2,0% 14 677 -12% Badajoz 859 € -0,4% -1,9% 5 508 -1% TOTAL NACIONAL 1 610 € -1,7% -1,8% 547 814 -6% Madrid (Comunidad de) 2 589 € -0,8% -1,8% 75 027 -12% Huesca 1 122 € -3,1% -1,7% 2 763 -15% Andalucía 1 292 € -0,9% -1,5% 106 076 -7% Here is the Alphabetical ranking of all the regions real estate price evolution on the last quarter:
Interactive chart
-
Spanish property prices evolutions over the last year
Have a look at the Spanish Heat map made with the yearly real estate price evolution
The Spanish cities with the strongest price increases for the year:
Sorted by price evolution over the last 12 months,
City / Region Price Yr Price Evolution Qtr Price Evolution Number of Transactions Transaction Evolution Melilla 1 685 € 4,4% 2,2% 463 -24% Ceuta y Melilla 1 736 € 2,9% 2,8% 993 -32% Coruña (A) 1 249 € 1,6% 1,0% 7 439 -16% Rioja (La) 1 090 € 1,5% 1,2% 3 746 -20% Ceuta 1 806 € 1,1% 3,2% 530 -37% Girona 1 536 € 0,9% 2,4% 10 127 -16% Valencia/València 1 180 € 0,6% 2,5% 27 417 -18% Asturias (Principado de ) 1 276 € 0,5% 0,4% 8 876 -14% Pontevedra 1 271 € 0,5% 2,2% 5 705 -12% Salamanca 1 184 € 0,5% -0,6% 2 846 -18% Araba/Alava 1 922 € 0,4% -1,4% 2 529 -22% Balears (Illes) 2 382 € 0,4% 2,1% 12 415 -22% Galicia 1 202 € 0,4% 1,4% 17 171 -14% León 868 € 0,2% 1,2% 3 501 -15% Cádiz 1 360 € 0,1% 2,3% 12 775 -14% while the top performers for the last year up to end of June were:
Sorted by price evolution over the last 12 months,
City / Region Price Yr Price Evolution Qtr Price Evolution Number of Transactions Transaction Evolution Zamora 854 € 2,7% 3,1% 1 412 -3% Bizkaia 2 350 € 1,1% 0,1% 11 508 -5% Ceuta 1 750 € 1,1% 0,2% 631 -21% Ceuta y Melilla 1 689 € 1,0% 0,9% 1 204 -14% Salamanca 1 191 € 0,9% -1,1% 3 202 -9% Sevilla 1 301 € 0,8% -3,6% 19 550 -3% León 857 € 0,6% -0,9% 4 058 -1% Segovia 967 € 0,6% -0,8% 1 836 -9% País Vasco 2 391 € 0,5% -0,4% 21 449 -2% Melilla 1 648 € 0,3% 1,4% 573 -4% Balears (Illes) 2 333 € 0,3% -2,0% 14 677 -12% Jaén 786 € 0,2% -1,0% 5 464 0% Gipuzkoa 2 669 € 0,0% -1,4% 6 947 4% The worst performers for the year:
Sorted by price evolution over the last 12 months, third column
City / Region Price Yr Price Evolution Qtr Price Evolution Number of Transactions Transaction Evolution Teruel 736 € -4,8% -2,6% 1 333 -10% Lleida 987 € -3,5% -0,9% 3 910 -15% Soria 936 € -3,5% 1,4% 858 -27% Burgos 1 102 € -3,3% -0,7% 3 624 -20% Jaén 774 € -3,3% -1,6% 4 894 -11% Bizkaia 2 276 € -3,2% -3,1% 10 284 -15% Murcia (Región de) 958 € -3,2% 1,0% 16 741 -11% Navarra (Comunidad Foral de) 1 396 € -3,0% 0,0% 5 395 -15% Huelva 1 065 € -2,9% 2,5% 5 400 -17% Aragón 1 194 € -2,9% 1,3% 13 095 -15% Huesca 1 140 € -2,7% 1,6% 2 433 -23% Zaragoza 1 289 € -2,7% 1,8% 9 329 -14% Cantabria 1 450 € -2,7% 2,7% 6 236 -14% Badajoz 848 € -2,5% -1,2% 4 729 -17% Extremadura 844 € -2,5% -0,7% 7 792 -16% País Vasco 2 344 € -2,5% -2,0% 19 033 -14% Albacete 902 € -2,5% 1,4% 2 811 -19% Gipuzkoa 2 655 € -2,4% -0,5% 6 220 -10% Cáceres 840 € -2,4% 0,1% 3 063 -16% Almería 1 091 € -2,2% -1,2% 9 991 -16% Valladolid 1 210 € -2,1% -0,5% 4 632 -13% Ourense 915 € -2,1% -0,2% 1 727 -10% Ciudad Real 719 € -2,1% 1,9% 3 812 -15% Málaga 1 789 € -2,0% -1,2% 25 780 -21% Lugo 854 € -1,9% 1,9% 2 300 -14% Alicante/Alacant 1 283 € -1,9% 1,7% 34 386 -21% Barcelona 2 365 € -1,8% 0,1% 50 809 -16% Palmas (Las) 1 573 € -1,7% 0,3% 10 528 -13% Remember, the worst performers for the year up to June 2020 were:
City / Region Price Yr Price Evolution Qtr Price Evolution Number of Transactions Transaction Evolution Soria 924 € -6,8% -2,9% 1 121 8% Albacete 890 € -5,7% -0,5% 3 283 -3% Tarragona 1 221 € -5,2% -3,0% 12 403 -2% Murcia (Región de) 948 € -4,9% -3,5% 18 979 1% Palencia 942 € -4,6% -1,5% 1 521 -5% Zaragoza 1 266 € -4,3% -3,1% 10 635 -3% Córdoba 1 122 € -4,2% -0,9% 7 098 -3% Ourense 917 € -4,0% -2,7% 1 995 6% Alicante/Alacant 1 262 € -4,0% -2,6% 41 417 -6% Cantabria 1 412 € -3,9% -3,0% 7 051 -3% Castellón/Castelló 1 031 € -3,8% -0,9% 9 115 -3% Aragón 1 179 € -3,7% -2,9% 14 870 -5% Comunidad Valenciana 1 184 € -3,5% -2,5% 82 360 -6% Huesca 1 122 € -3,1% -1,7% 2 763 -15% Huelva 1 039 € -3,1% -3,8% 6 175 -10% Ciudad Real 706 € -3,0% -3,6% 4 525 8% Ávila 789 € -2,7% -3,5% 2 173 0% Here is the Alphabetical ranking of all the regions real estate price evolution for the last year:
Interactive chart
-
The most expensive real estate markets in Spain
End September 2020, Sorted by price, second column
City / Region Price Yr Price Evolution Qtr Price Evolution Number of Transactions Transaction Evolution Gipuzkoa 2 655 € -2,4% -0,5% 6 220 -10% Madrid (Comunidad de) 2 610 € 0,0% 0,8% 66 437 -18% Balears (Illes) 2 382 € 0,4% 2,1% 12 415 -22% Barcelona 2 365 € -1,8% 0,1% 50 809 -16% País Vasco 2 344 € -2,5% -2,0% 19 033 -14% Bizkaia 2 276 € -3,2% -3,1% 10 284 -15% Cataluña 1 999 € -1,5% 0,6% 75 420 -16% Araba/Alava 1 922 € 0,4% -1,4% 2 529 -22% Ceuta 1 806 € 1,1% 3,2% 530 -37% Málaga 1 789 € -2,0% -1,2% 25 780 -21% Ceuta y Melilla 1 736 € 2,9% 2,8% 993 -32% Melilla 1 685 € 4,4% 2,2% 463 -24% TOTAL NACIONAL 1 620 € -1,1% 0,6% 476 634 -17% Palmas (Las) 1 573 € -1,7% 0,3% 10 528 -13% Girona 1 536 € 0,9% 2,4% 10 127 -16% -
-
-
- with the National Spanish Average: 1,620 €/m²
-
-
-
-
The cheapest real estate markets in Spain
End September2020, Sorted by price, second column
City / Region Price Yr Price Evolution Qtr Price Evolution Number of Transactions Transaction Evolution Ciudad Real 719 € -2,1% 1,9% 3 812 -15% Teruel 736 € -4,8% -2,6% 1 333 -10% Jaén 774 € -3,3% -1,6% 4 894 -11% Cuenca 775 € -0,9% 2,8% 1 585 -15% Ávila 808 € -0,4% 2,4% 1 864 -15% Zamora 824 € -0,3% -3,6% 1 212 -18% Toledo 838 € 0,0% 2,8% 7 754 -24% Cáceres 840 € -2,4% 0,1% 3 063 -16% Extremadura 844 € -2,5% -0,7% 7 792 -16% Badajoz 848 € -2,5% -1,2% 4 729 -17% Lugo 854 € -1,9% 1,9% 2 300 -14% León 868 € 0,2% 1,2% 3 501 -15% Castilla-La Mancha 875 € -1,0% 2,3% 19 611 -18% Albacete 902 € -2,5% 1,4% 2 811 -19% Ourense 915 € -2,1% -0,2% 1 727 -10% Soria 936 € -3,5% 1,4% 858 -27% Palencia 943 € -0,8% 0,1% 1 325 -16% Murcia (Región de) 958 € -3,2% 1,0% 16 741 -11% Segovia 986 € -0,5% 2,0% 1 588 -22% Lleida 987 € -3,5% -0,9% 3 910 -15% Castilla y León 1 025 € -1,2% 0,0% 21 450 -17% Castellón/Castelló 1 052 € -0,6% 2,1% 7 826 -16% Huelva 1 065 € -2,9% 2,5% 5 400 -17% Rioja (La) 1 090 € 1,5% 1,2% 3 746 -20% Almería 1 091 € -2,2% -1,2% 9 991 -16% Burgos 1 102 € -3,3% -0,7% 3 624 -20% Granada 1 108 € -0,8% 0,6% 10 128 -16% Guadalajara 1 116 € 0,0% 2,5% 3 649 -8% Córdoba 1 119 € -0,7% -0,2% 6 221 -14% Huesca 1 140 € -2,7% 1,6% 2 433 -23% Valencia/València 1 180 € 0,6% 2,5% 27 417 -18% Salamanca 1 184 € 0,5% -0,6% 2 846 -18% Aragón 1 194 € -2,9% 1,3% 13 095 -15% Galicia 1 202 € 0,4% 1,4% 17 171 -14% Comunidad Valenciana 1 208 € -0,7% 2,1% 69 629 -19% Valladolid 1 210 € -2,1% -0,5% 4 632 -13% Coruña (A) 1 249 € 1,6% 1,0% 7 439 -16% Tarragona 1 260 € -1,5% 3,1% 10 574 -17% Pontevedra 1 271 € 0,5% 2,2% 5 705 -12% Asturias (Principado de ) 1 276 € 0,5% 0,4% 8 876 -14% Alicante/Alacant 1 283 € -1,9% 1,7% 34 386 -21% Zaragoza 1 289 € -2,7% 1,8% 9 329 -14% Sevilla 1 290 € -1,2% -0,8% 17 525 -13% Andalucía 1 290 € -1,4% -0,2% 92 714 -16% Cádiz 1 360 € 0,1% 2,3% 12 775 -14% Navarra (Comunidad Foral de) 1 396 € -3,0% 0,0% 5 395 -15% Santa Cruz de Tenerife 1 417 € -1,1% 1,2% 9 352 -20% Cantabria 1 450 € -2,7% 2,7% 6 236 -14% Canarias 1 495 € -1,5% 0,7% 19 880 -17% Girona 1 536 € 0,9% 2,4% 10 127 -16% Palmas (Las) 1 573 € -1,7% 0,3% 10 528 -13% TOTAL NACIONAL 1 620 € -1,1% 0,6% 476 634 -17% with the National Spanish Average: 1.620 €/m²
-
The most active Spanish real estate market
End September 2020, Sorted by the number of transactions over the last 12 months, fourth column
City / Region Price Yr Price Evolution Qtr Price Evolution Number of Transactions Transaction Evolution TOTAL NACIONAL 1 620 € -1,1% 0,6% 476 634 -17% Andalucía 1 290 € -1,4% -0,2% 92 714 -16% Cataluña 1 999 € -1,5% 0,6% 75 420 -16% Comunidad Valenciana 1 208 € -0,7% 2,1% 69 629 -19% Madrid (Comunidad de) 2 610 € 0,0% 0,8% 66 437 -18% Barcelona 2 365 € -1,8% 0,1% 50 809 -16% Alicante/Alacant 1 283 € -1,9% 1,7% 34 386 -21% Valencia/València 1 180 € 0,6% 2,5% 27 417 -18% Málaga 1 789 € -2,0% -1,2% 25 780 -21% Castilla y León 1 025 € -1,2% 0,0% 21 450 -17% Canarias 1 495 € -1,5% 0,7% 19 880 -17% Castilla-La Mancha 875 € -1,0% 2,3% 19 611 -18% País Vasco 2 344 € -2,5% -2,0% 19 033 -14% Sevilla 1 290 € -1,2% -0,8% 17 525 -13% Galicia 1 202 € 0,4% 1,4% 17 171 -14% Murcia (Región de) 958 € -3,2% 1,0% 16 741 -11% Aragón 1 194 € -2,9% 1,3% 13 095 -15% Cádiz 1 360 € 0,1% 2,3% 12 775 -14% Balears (Illes) 2 382 € 0,4% 2,1% 12 415 -22% Tarragona 1 260 € -1,5% 3,1% 10 574 -17% Palmas (Las) 1 573 € -1,7% 0,3% 10 528 -13% Bizkaia 2 276 € -3,2% -3,1% 10 284 -15% Granada 1 108 € -0,8% 0,6% 10 128 -16% Girona 1 536 € 0,9% 2,4% 10 127 -16% -
The fastest growing real estate markets
(or least decreasing in case evolution are negative)
End September 2020, Sorted by transaction evolution over the last 12 months / sixth column
City / Region Price Yr Price Evolution Qtr Price Evolution Number of Transactions Transaction Evolution Guadalajara 1 116 € 0,0% 2,5% 3 649 -8% Gipuzkoa 2 655 € -2,4% -0,5% 6 220 -10% Teruel 736 € -4,8% -2,6% 1 333 -10% Ourense 915 € -2,1% -0,2% 1 727 -10% Murcia (Región de) 958 € -3,2% 1,0% 16 741 -11% Jaén 774 € -3,3% -1,6% 4 894 -11% Pontevedra 1 271 € 0,5% 2,2% 5 705 -12% Sevilla 1 290 € -1,2% -0,8% 17 525 -13% Valladolid 1 210 € -2,1% -0,5% 4 632 -13% Palmas (Las) 1 573 € -1,7% 0,3% 10 528 -13% Zaragoza 1 289 € -2,7% 1,8% 9 329 -14% Cantabria 1 450 € -2,7% 2,7% 6 236 -14% Galicia 1 202 € 0,4% 1,4% 17 171 -14% Asturias (Principado de ) 1 276 € 0,5% 0,4% 8 876 -14% País Vasco 2 344 € -2,5% -2,0% 19 033 -14% Córdoba 1 119 € -0,7% -0,2% 6 221 -14% Cádiz 1 360 € 0,1% 2,3% 12 775 -14% Lugo 854 € -1,9% 1,9% 2 300 -14% Navarra (Comunidad Foral de) 1 396 € -3,0% 0,0% 5 395 -15% Ciudad Real 719 € -2,1% 1,9% 3 812 -15% Bizkaia 2 276 € -3,2% -3,1% 10 284 -15% Ávila 808 € -0,4% 2,4% 1 864 -15% Cuenca 775 € -0,9% 2,8% 1 585 -15% León 868 € 0,2% 1,2% 3 501 -15% Aragón 1 194 € -2,9% 1,3% 13 095 -15% Lleida 987 € -3,5% -0,9% 3 910 -15% Barcelona 2 365 € -1,8% 0,1% 50 809 -16% Girona 1 536 € 0,9% 2,4% 10 127 -16% Palencia 943 € -0,8% 0,1% 1 325 -16% Cataluña 1 999 € -1,5% 0,6% 75 420 -16% Coruña (A) 1 249 € 1,6% 1,0% 7 439 -16% Castellón/Castelló 1 052 € -0,6% 2,1% 7 826 -16% Granada 1 108 € -0,8% 0,6% 10 128 -16% Cáceres 840 € -2,4% 0,1% 3 063 -16% Extremadura 844 € -2,5% -0,7% 7 792 -16% Andalucía 1 290 € -1,4% -0,2% 92 714 -16% Almería 1 091 € -2,2% -1,2% 9 991 -16% Badajoz 848 € -2,5% -1,2% 4 729 -17% TOTAL NACIONAL 1 620 € -1,1% 0,6% 476 634 -17% Check this very interesting infographic comparing transaction growth, price per m² and price evolution over the last year: -
The least active property markets in Spain
End of September 2020, Sorted by transaction evolution over the last 12 months/ sixth column
City / Region Price Yr Price Evolution Qtr Price Evolution Number of Transactions Transaction Evolution Ceuta 1 806 € 1,1% 3,2% 530 -37% Ceuta y Melilla 1 736 € 2,9% 2,8% 993 -32% Soria 936 € -3,5% 1,4% 858 -27% Toledo 838 € 0,0% 2,8% 7 754 -24% Melilla 1 685 € 4,4% 2,2% 463 -24% Huesca 1 140 € -2,7% 1,6% 2 433 -23% Segovia 986 € -0,5% 2,0% 1 588 -22% Araba/Alava 1 922 € 0,4% -1,4% 2 529 -22% Balears (Illes) 2 382 € 0,4% 2,1% 12 415 -22% Málaga 1 789 € -2,0% -1,2% 25 780 -21% Alicante/Alacant 1 283 € -1,9% 1,7% 34 386 -21% Santa Cruz de Tenerife 1 417 € -1,1% 1,2% 9 352 -20% Burgos 1 102 € -3,3% -0,7% 3 624 -20% Rioja (La) 1 090 € 1,5% 1,2% 3 746 -20% Albacete 902 € -2,5% 1,4% 2 811 -19% Comunidad Valenciana 1 208 € -0,7% 2,1% 69 629 -19% -
Price evolution of the main regions since 2006
2014 is the year when Spanish property prices reached the bottom.As you can see on this chart, Spanish real estate prices (thick orange line) got its lowest price point in early 2014 since the crisis of 2008. Since early 2014, real estate prices are rising and reached 1.653€/m² end of December 2019. If you look at prices in general, yes we can talk again about growth but if you compare those to the levels of 2008 or to European real estate prices, you can still find bargains. Furthermore, real estate prices remain lower than the prices of early 2005 which were at 1680€ per square meter.
The 3 winning regions since 2014
The market in Spain is divided into two groups since 2014: the regions with rising prices: Barcelona, Madrid and the Balearic Islands and all the other regions where the prices have stabilized or are increasing modestly.
Is it easy to buy in Spain?
It is really easy to buy a property in Spain but:
- because you are not on the ground,
- because you don’t know the market and
- because you need to check your property in order to avoid any nasty surprise, we advise you not to do it alone.
We are foreigners and Spanish residents who bought properties in Spain and we developed a network of reliable partners in order to assist foreigners in their purchases of a Spanish property.
We wrote our FREE pdf property buyers’ guides written for all the foreign nationalities looking to buy in Spain: get most of our tips there.
Don’t forget, if you are buying in Spain as a foreigner, you could have two different motives:
- Pleasure
- Investment
or the two combined. Depending on what is (are) your own motivation (s) your criteria will be different.
-
Price evolution since 1995 for the top 20 Spanish cities
for all the Spanish cities
Follow our alphabetical ranking or click on any name of this list: Alicante, Almeria, Barcelona, Cadiz, Castellón, Girona, Ibiza, LasPalmas, Madrid, Málaga, Murcia, Sevilla, Tenerife, Valencia, Valladolid, Zaragoza
Alicante property prices: €1,283 /m², -1.9% vs last year
Transactions for Alicante – last year: 34,386, -21%
Prices in Alicante remain on average 20% lower than the national average and close the lowest reached since the crisis of 2008.
- Our article on Alicante: Alicante: the Spanish pearl
- Our article on the Costa Blanca: Everything you ever wanted to know about the Costa Blanca.
- Check the monthly weather statistics for Alicante
- Check our Citytrip ePostcards on Alicante
- Check some of our experts in our local network in Alicante: Real estate Lawyers in Alicante, Property hunters in Alicante, Architects in Alicante, How to find a mortgage in Alicante all assisting you in your language
- Find your local experts in Alicante within our network, it’s free!
Almeria property prices: €1,091 /m², -2.2% vs last year
Transactions for Almeria property market: 9,991 -16%
Prices in Almeria remain on average 25% lower than the national average and close the lowest reached since the crisis of 2008.
- Our article on Almeria: Almería, one of the Andalusian pearls
- Our article on the Costa de Almería: Everything you ever wanted to know about the Costa de Almería
- Check the monthly weather statistics for Alméria
- Check some of our experts in our local network in Alméria: Real estate Lawyers in Alméria, Property hunters in Alméria, Architects in Alméria, How to find a mortgage in Alméria? All the experts assist you in your language
- Find your local experts in Alméria within our network, it’s free!
Barcelona property prices: €2,365 /m², -1.8% vs last year
Transactions for the real estate market in Barcelona: 50,809 -16%
Prices in Barcelona are on average 40% higher than the national average and rebounded about 15% of the lowest levels reached since the crisis of 2008. If you take into account the number of transactions, Madrid and Barcelona are the two strongest markets.
- Our article on Barcelona: Barcelona real estate market is rising in 2017
- Our article on the Costa de Barcelona: Everything you ever wanted to know about the Costa de Barcelona
- Check the monthly weather statistics for Barcelona
- Check our Citytrip ePostcards on Barcelona
- Check some of our experts in our local network in Barcelona: Real estate Lawyers in Barcelona, Property hunters in Barcelona, Architects in Barcelona, How to find a mortgage in Barcelona all assisting you in your language
- Find your local experts in Barcelona within our network, it’s free!
Cadiz property prices: €1,360 /m², +0.1% vs last year
Transactions for Cadiz: 12,775 -14%
Prices in Cadiz remain on average 15% lower than the national average and close the lowest reached since the crisis of 2008.
- Our article on Cadiz: The real estate market in Cadiz, 2017
- Check our infographic on the Costa de la Luz with all the activities there.
- Check the monthly weather statistics for Cadiz
- Check some of our experts in our local network in Cadiz: Real estate Lawyers in Cadiz, Property hunters in Cadiz, Architects in Cadiz, How to find a mortgage in Cadiz all assisting you in your language
- Find your local experts in Cadiz within our network, it’s free!
Castellon property prices: €1,052 /m², -0.6% vs last year
Transactions for Castellon: 7,826 -16%
Prices in Castellon remain on average 30% lower than the national average and close the lowest reached since the crisis of 2008.
- Our article on Castellon: The Castellón real estate market resurrects but remains very attractive in 2017
- Our article on the Costa del Azahar: Everything you ever wanted to know about the Costa del Azahar
- Check the monthly weather statistics for Castellon
- Check some of our experts in our local network in Castellón: Real estate Lawyers in Castellón, Property hunters in Castellón, Architects in Castellón, How to find a mortgage in Castellón all assisting you in your language
- Find your local experts in Castellón within our network, it’s free!
Girona property prices: €1,536 /m², +0.9% vs last year
Transactions for the real estate market in Girona: 10,127 -16%
Prices in Girona followed the national prices as if Girona was the national market really funny! Check these two charts!
- Our article on Girona: Girona, the door to the Pyrenees and the Costa Brava
- Our article on the Costa Brava: Everything you ever wanted to know about the Costa Brava.
- Check the monthly weather statistics for Girona
- Check some of our experts in our local network in Girona: Real estate Lawyers in Girona, Property hunters in Girona, Architects in Girona, How to find a mortgage in Girona all assisting you in your language
- Find your local experts in Girona within our network, it’s free!
Ibiza property prices/Balearic Islands: €2,382 /m², +0.4% vs last year
Transactions for the Balearic Islands are: 12,415 -22%
Prices in the Balears recovered strongly from the lows since 2008 (+15%) and are on average 40% higher than the national average.
- Our article on Ibiza:The Ibiza real estate market is going very well
- Our article on the Balearic Islands: Everything you ever wanted to know about the Balearic Islands
- Check themonthly weather statistics for Ibiza
- Check some of our experts in our local network in Ibiza: Real estate Lawyers in Ibiza, Property hunters in Ibiza, Architects in Ibiza, How to find a mortgage in Ibiza all assisting you in your language
- Find your local experts in Ibiza within our network, it’s free!
Las Palmas de Gran Canaria property prices: €1,573/m², -1.7% vs last year
Transactions for Las Palmas: 10,528 -13%
Prices in Gran Canaria came back to the national average of real estate prices in Spain.
- Our article on Las Palmas de Gran Canaria: Gran Canaria, the tropical gem of Spain
- Our article on the Canary Islands: Everything you ever wanted to know about the Canary Islands
- Check the monthly weather statistics for Las Palmas de Gran Canaria
- Check some of our experts in our local network in Las Palmas de Gran Canaria: Real estate Lawyers in Las Palmas de Gran Canaria, Property hunters in Las Palmas de Gran Canaria, Architects in Las Palmas de Gran Canaria, How to find a mortgage in Las Palmas de Gran Canaria all assisting you in your language
- Find your local experts in Las Palmas de Gran Canaria within our network, it’s free!
Madrid property prices: €2,610 /m², 0% vs last year
Transactions for Madrid: 66,437 -18%
Prices in Madrid are leading the charge and are 45% higher than the national average. They rebounded by about 13% from the lowest levels seen since 2008. If you take into account the number of transactions, Madrid and Barcelona are the two strongest markets.
- Our articles on Madrid: Real estate foreign investors are discovering Madrid, Madrid on the top 3 list of European Cities to invest in
- Check the monthly weather statistics for Madrid
- Check our Citytrip ePostcards on Madrid
- Check some of our experts in our local network in Madrid: Real estate Lawyers in Madrid, Property hunters in Madrid, Architects in Madrid, How to find a mortgage in Madrid all assisting you in your language
- Find your local experts in Madrid within our network, it’s free!
Málaga property prices: €1,789 /m², -2% vs last year
Transactions for Málaga: 25,780 -21%
Prices in Málaga are about 8% higher than the national average and rebounded by a little bit more than 10% from the lows seen since 2008.
- Our articles on Málaga: Malaga: an emerging city to buy second homes, Malaga is always a place for your dream house
- Our article on the Costa del Sol: Everything you ever wanted to know about the Costa del Sol.
- Check the monthly weather statistics for Málaga
- Check our Citytrip ePostcards on Málaga
- Check some of our experts in our local network in Málaga: Real estate Lawyers in Málaga, Property hunters in Málaga, Architects in Málaga, How to find a mortgage in Málaga all assisting you in your language
- Find your local experts in Málaga within our network, it’s free!
Palma de Mallorca property prices/Balearic Islands: €2,382 /m², +0.4% vs last year
Transactions for the Balearic Islands: 12,415 -22%
Real Estate prices in Mallorca are 40% higher than the national average and rebounded by 15% since 2008.
- Our article on Palma de Mallorca: Mallorca, a paradise in the middle of the Mediterranean
- Our article on the Balearic Islands: Everything you ever wanted to know about the Balearic Islands
- Check the monthly weather statistics for Mallorca
- Check some of our experts in our local network in Palma de Mallorca: Real estate Lawyers in Palma de Mallorca, Property hunters in Palma de Mallorca, Architects in Palma de Mallorca, How to find a mortgage in Palma de Mallorca all assisting you in your language
- Find your local experts in Palma de Mallorca within our network, it’s free!
Murcia property prices: €958 /m², -3.2% vs last year
Transactions for the property market in Murcia: 16,741 -11%
Property prices in Murcia are about 35% under the national average. They remain at the lowest levels seen since 2008.
- Our article on Murcia: Murcia, a good city to make a property investment
- Check ourinfographic on the Costa Calidawith all the nice activities you can enjoy there.
- Check the monthly weather statistics for Murcia
- Check some of our experts in our local network in Murcia: Real estate Lawyers in Murcia, Property hunters in Murcia, Architects in Murcia, How to find a mortgage in Murcia all assisting you in your language
- Find your local experts in Murcia within our network, it’s free!
Santa Cruz Tenerife property prices: €1,417/m², -1.1% vs last year
Transactions for Santa Cruz de Tenerife: 9,352 -20%
Prices in Tenerife rebounded by more than 10% since the bottom of the period between now and 2018 but remain on average, 15% lower than the national average. The weather is more stable during the winter months but yes, your flight is a little bit longer.
- Our article on Tenerife: Have a look at the property market in Tenerife
- Our article on the Canary Islands: Everything you ever wanted to know about the Canary Islands
- Check the monthly weather statistics for Tenerife
- Check some of our experts in our local network in Santa Cruz Tenerife: Real estate Lawyers in Santa Cruz Tenerife, Property hunters in Santa Cruz Tenerife, Architects in Santa Cruz Tenerife, How to find a mortgage in Santa Cruz Tenerife all assisting you in your language
- Find your local experts in Santa Cruz Tenerife within our network, it’s free!
Seville property prices: €1,290 /m², -1.2% vs last year
Transactions for the real estate market in Sevilla are strong: 17,525 -13%
Real estate prices in Sevilla are 20% lower than the national average and close to the lowest prices seen since 2008.
- Our article on Sevilla: Discover the charm of the south and invest in Seville
- Check our infographic on the Costa de la Luz with all the activities there.
- Check the monthly weather statistics for Seville
- Check some of our experts in our local network in Seville: Real estate Lawyers in Seville, Property hunters in Seville, Architects in Seville, How to find a mortgage in Seville all assisting you in your language
- Find your local experts in Seville within our network, it’s free!
Valencia property prices: €1,180 /m², 0.6% vs last year
Transactions for the property market in Valencia: 27,417 -18%
Real estate prices in Valencia are about 25% under the national averages. At the same time, it is the third city in Spain in terms of inhabitant! A bargain to check quickly?
-
- Have a look at the feedback of our real estate city trip to Valencia, April 2018.
- Our article on Valencia: Valencia, the third biggest city in Spain, is a centre of interest for foreigners
- Our article on the Costa de Valencia: Everything you ever wanted to know about the Costa de Valencia
- Check the monthly weather statistics for Valencia
- Check some of our experts in our local network in Valencia: Real estate Lawyers in Valencia, Property hunters in Valencia, Architects in Valencia, How to find a mortgage in Valencia all assisting you in your language
- Find your local experts in Valencia within our network, it’s free!
Valladolid property prices: €1,210 /m², -2.1% vs last year
Transactions for Valladolid: 4,632 -13%
Prices in Valladolid are more than 20% under national averages and at bottom of prices reached during the last 10 years.
- Our article on Valladolid: Valladolid is getting more open to outside investors
- Check the monthly weather statistics for Valladolid
- Check some of our experts in our local network in Valladolid: Real estate Lawyers in Valladolid, Property hunters in Valladolid, Architects in Valladolid, How to find a mortgage in Valladolid all assisting you in your language
- Find your local experts in Valladolid within our network, it’s free!
Saragossa property prices: €1,289 /m², -2.7% vs last year
Transactions for Saragossa: 9,329 -14%
Zaragoza real estate prices are about 20% lower than national averages.
- Our article on Zaragoza: Zaragoza Real estate market in 2017
- Check the monthly weather statistics for Zaragoza
- Check some of our experts in our local network in Zaragoza: Real estate Lawyers in Zaragoza, Property hunters in Zaragoza, Architects in Zaragoza, How to find a mortgage in Zaragoza all assisting you in your language
- Find your local experts in Zaragoza within our network, it’s free!
Source: Ministerio de Fomento
Have a look at the resources we have written about other Spanish Cities
Bilbao
- Our article on Bilbao: Bilbao, the new awakening of the city
- Check the monthly weather statistics for Bilbao
- Check some of our experts in our local network in Bilbao: Real estate Lawyers in Bilbao, Property hunters in Bilbao, Architects in Bilbao, How to find a mortgage in Bilbao all assisting you in your language
- Find your local experts in Bilbao within our network, it’s free!
Sitges
- Our article on Sitges: Sitges, a commitment to tranquillity near Barcelona
- Our article on the Costa de Barcelona: Everything you ever wanted to know about the Costa de Barcelona
- Check the monthly weather statistics for Sitges (Barcelona)
- Check our Citytrip ePostcards on Barcelona
- Check some of our experts in our local network in Sitges: Real estate Lawyers in Sitges, Property hunters in Sitges, Architects in Sitges, How to find a mortgage in Sitges all assisting you in your language
- Find your local experts in Sitges within our network, it’s free!
Have a look at our other very useful resources pages
• Spanish national real estate market: transaction & price data
• Spanish regional real estate market: transaction & price data
• Returns and mortgages conditions in Spain
You can always find those pages under “RE Price trends” at the bottom of the “Resources” section of the Menu.
Find our detailed maps and articles on the Spanish Costas here.
Get your insights right to your mailbox? Register for our weekly newsletter.
Looking for an expert in Spain? Ask us directly!
Senior analyst and strategist at HTBIS
Check the full HTBIS team here
FOLLOW US
SHARE with the colour icons at the bottom of your screen