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Our Spanish property market quarterly analysis up to March 2020
Here is a summary of all our resources that we have created on the 20 biggest Spanish cities in order to help you be more efficient in your search for your ideal property in Spain.
Do you want to jump to the property price evolution for the different Spanish cities?
Alicante, Almeria, Barcelona, Cadiz, Castellón, Girona, Ibiza, LasPalmas, Málaga, Madrid, Murcia, Sevilla,
Tenerife, Valencia, Valladolid, Zaragoza
Don’t miss our last update: What are the impacts of Coronavirus on the Spanish Real Estate Market?
1. Analysis of the performance during the last quarter
Let’s first start with the national average: price is €1,640 /m² end of March 2020: Spanish real estate prices rose
- by +0.3% (+2.1% last quarter) during the last year from €1,636 /m²
- by -0.8% (+0.9% last quarter) during the last quarter
As you can see the real estate prices increase in Spain is accelerating. On the other side, demand is really strong: we have a very strong transaction number: 547,814 properties were sold during the last year to March 2020, a 6% 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 March 2020 quarter are:
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 |
| Sevilla | 1 349 € | 1,2% | 2,1% | 19 550 | -3% |
| Cáceres | 858 € | 2,4% | 2,0% | 3 621 | 5% |
| Ávila | 817 € | -2,8% | 1,9% | 2 173 | 0% |
| Palencia | 956 € | -4,6% | 1,7% | 1 521 | -5% |
| Santa Cruz de Tenerife | 1 452 € | 2,4% | 1,7% | 11 173 | -9% |
| Cádiz | 1 366 € | 0,8% | 1,4% | 14 372 | -5% |
| Soria | 951 € | -3,9% | 1,3% | 1 121 | 8% |
| Extremadura | 868 € | 2,4% | 1,1% | 9 129 | 1% |
| Murcia (Región de) | 983 € | -2,0% | 0,9% | 18 979 | 1% |
| Ceuta | 1 746 € | 1,0% | 0,8% | 631 | -21% |
| Cantabria | 1 455 € | -0,1% | 0,5% | 7 051 | -3% |
| Badajoz | 876 € | 2,5% | 0,4% | 5 508 | -1% |
| Gipuzkoa | 2 708 € | 1,4% | 0,4% | 6 947 | 4% |
As a reminder, the top performers for the December 2019 quarter were:
| City / Region | Price | Number of Transactions | Transaction Evolution | Yr Price Evolution | Qtr Price Evolution |
| Melilla | 1 668 € | 583 | -6% | 0,8% | 3,4% |
| Rioja (La) | 1 108 € | 4508 | 3% | -1,9% | 3,2% |
| Araba / Alava | 1 964 € | 3166 | 0% | 1,2% | 2,6% |
| Teruel | 791 € | 1509 | 10% | 1,0% | 2,4% |
| Madrid (Community) | 2 672 € | 79636 | -5% | 4,9% | 2,3% |
| Balearic Islands | 2 425 € | 15496 | -11% | 6,7% | 2,2% |
| Las Palmas | 1 635 € | 12040 | -7% | 3,8% | 2,2% |
| Ourense | 955 € | 1927 | 4% | 2,8% | 2,1% |
| Valencia | 1 197 € | 32775 | -1% | 4,1% | 2,1% |
| Salamanca | 1 202 € | 3459 | 4% | 2,5% | 2,0% |
| Community of Navarre | 1 468 € | 5896 | -8% | 6,1% | 1,9% |
| Girona | 1 551 € | 12084 | 4% | 1,1% | 1,9% |
| Bizkaia | 2 392 € | 11853 | 3% | 3,5% | 1,7% |
The worst performers for the March 2020 quarter are:
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 |
| Cuenca | 752 € | -3,1% | -3,5% | 1 824 | -5% |
| Lleida | 996 € | -2,8% | -3,2% | 4 600 | 1% |
| Albacete | 894 € | -3,1% | -2,6% | 3 283 | -3% |
| Melilla | 1 624 € | -3,8% | -2,6% | 573 | -4% |
| Castellón/Castelló | 1 040 € | -4,4% | -2,5% | 9 115 | -3% |
| Huesca | 1 141 € | 0,1% | -2,3% | 2 763 | -15% |
| Navarra (Comunidad Foral de) | 1 434 € | 1,2% | -2,3% | 5 988 | -7% |
| Almería | 1 106 € | -0,9% | -2,1% | 11 613 | -3% |
| Huelva | 1 080 € | -0,3% | -2,0% | 6 175 | -10% |
| Balears (Illes) | 2 379 € | 2,5% | -1,9% | 14 677 | -12% |
| Bizkaia | 2 347 € | -0,9% | -1,9% | 11 508 | -5% |
| Toledo | 835 € | 0,4% | -1,7% | 9 120 | -10% |
| Castilla-La Mancha | 873 € | -1,4% | -1,7% | 22 879 | -4% |
| Tarragona | 1 259 € | -1,6% | -1,7% | 12 403 | -2% |
| Alicante/Alacant | 1 295 € | -1,3% | -1,5% | 41 417 | -6% |
| Comunidad Valenciana | 1 214 € | -0,9% | -1,4% | 82 360 | -6% |
| Málaga | 1 809 € | 2,3% | -1,4% | 30 187 | -12% |
| Madrid (Comunidad de) | 2 637 € | 0,9% | -1,3% | 75 027 | -12% |
| Segovia | 974 € | 1,1% | -1,2% | 1 836 | -9% |
| Palmas (Las) | 1 615 € | 0,4% | -1,2% | 12 468 | 0% |
| Ourense | 943 € | -1,5% | -1,2% | 1 995 | 6% |
| León | 865 € | -2,3% | -1,0% | 4 058 | -1% |
| Valencia/València | 1 184 € | 0,6% | -1,0% | 31 828 | -6% |
| Burgos | 1 107 € | -3,1% | -1,0% | 4 138 | -11% |
The worst performers for the December 2019 quarter were:
| City / Region | Price | Number of Transactions | Transaction Evolution | Yr Price Evolution | Qtr Price Evolution |
| Soria | 940 € | 1 184 | 23% | -8,7% | -3,2% |
| Ceuta | 1 732 € | 648 | -7% | 2,7% | -3,0% |
| Lugo | 845 € | 2 684 | 4% | -1,7% | -3,0% |
| Cantabria | 1 447 € | 7 094 | -1% | -2,2% | -2,9% |
| Cáceres | 841 € | 3 658 | 13% | -2,8% | -2,3% |
| Burgos | 1 118 € | 4 379 | -1% | 0,3% | -1,9% |
| Murcia (Region) | 974 € | 18 814 | 5% | -0,3% | -1,5% |
| Palencia | 940 € | 1 651 | 11% | -7,8% | -1,1% |
| Ávila | 802 € | 2 269 | 12% | -2,4% | -1,1% |
Here is the Alphabetical ranking of all the regions real estate price evolution on the last quarter:
Interactive chart
Discover the best new build projects in Spain available right now
2. Yearly real estate price evolution in Spain up to March 2020
Have a look at the Spanish Heat map made with the yearly real estate price evolution
The cities/regions with the strongest price increases for the year are ( last column):
Sorted by price evolution over the last 12 months, fifth column
| City / Region | Price | Number of Transactions | Transaction Evolution | Yr Price Evolution | Qtr Price Evolution |
| Balearic Islands | 2 425 € | 15 496 | -11% | 6,7% | 2,2% |
| Community of Navarre | 1 468 € | 5 896 | -8% | 6,1% | 1,9% |
| Madrid (Community) | 2 672 € | 79 636 | -5% | 4,9% | 2,3% |
| Valencia | 1 197 € | 32 775 | -1% | 4,1% | 2,1% |
| Las Palmas | 1 635 € | 12 040 | -7% | 3,8% | 2,2% |
| Bizkaia | 2 392 € | 11 853 | 3% | 3,5% | 1,7% |
| Almería | 1 130 € | 11 776 | 3% | 3,4% | 1,2% |
| Canary Islands | 1 531 € | 23 398 | -8% | 3,1% | 0,9% |
| Guadalajara | 1 125 € | 3 993 | 3% | 2,8% | 0,8% |
| Ourense | 955 € | 1 927 | 4% | 2,8% | 2,1% |
| Malaga | 1 835 € | 31 821 | -9% | 2,7% | 0,5% |
| Ceuta | 1 732 € | 648 | -7% | 2,7% | -3,0% |
| Valencian Community | 1 232 € | 84 442 | -3% | 2,6% | 1,2% |
| Salamanca | 1 202 € | 3 459 | 4% | 2,5% | 2,0% |
| Santa Cruz of Tenerife | 1 429 € | 11 358 | -9% | 2,4% | -0,3% |
| Ceuta and melilla | 1 689 € | 1 231 | -7% | 2,3% | 0,1% |
| Barcelona | 2 414 € | 60 002 | 0% | 2,3% | 0,2% |
| Spain average | 1 653 € | 565 015 | -1% | 2,1% | 0,9% |
| Basque Country | 2 424 € | 22 381 | 8% | 2,1% | 0,9% |
| Alicante | 1 315 € | 42 330 | -5% | 1,9% | 0,6% |
| Catalonia | 2 037 € | 89 309 | 1% | 1,8% | 0,4% |
| Coruña (A) | 1 247 € | 8 821 | 9% | 1,8% | 1,5% |
| Valladolid | 1 252 € | 5 248 | -5% | 1,6% | 1,3% |
while the top performers for the last year up to December were:
Sorted by price evolution over the last 12 months, fourth column
| City / Region | Price | Number of Transactions | Transaction Evolution | Yr Price Evolution | Qtr Price Evolution |
| Balearic Islands | 2 425 € | 15 496 | -11% | 6,7% | 2,2% |
| Community of Navarre | 1 468 € | 5 896 | -8% | 6,1% | 1,9% |
| Madrid (Community) | 2 672 € | 79 636 | -5% | 4,9% | 2,3% |
| Valencia | 1 197 € | 32 775 | -1% | 4,1% | 2,1% |
| Las Palmas | 1 635 € | 12 040 | -7% | 3,8% | 2,2% |
| Bizkaia | 2 392 € | 11 853 | 3% | 3,5% | 1,7% |
| Almería | 1 130 € | 11 776 | 3% | 3,4% | 1,2% |
| Canary Islands | 1 531 € | 23 398 | -8% | 3,1% | 0,9% |
| Guadalajara | 1 125 € | 3 993 | 3% | 2,8% | 0,8% |
| Ourense | 955 € | 1 927 | 4% | 2,8% | 2,1% |
| Malaga | 1 835 € | 31 821 | -9% | 2,7% | 0,5% |
| Ceuta | 1 732 € | 648 | -7% | 2,7% | -3,0% |
| Valencian Community | 1 232 € | 84 442 | -3% | 2,6% | 1,2% |
| Salamanca | 1 202 € | 3 459 | 4% | 2,5% | 2,0% |
| Santa Cruz of Tenerife | 1 429 € | 11 358 | -9% | 2,4% | -0,3% |
| Ceuta and melilla | 1 689 € | 1 231 | -7% | 2,3% | 0,1% |
| Barcelona | 2 414 € | 60 002 | 0% | 2,3% | 0,2% |
| Spain average | 1 653 € | 565 015 | -1% | 2,1% | 0,9% |
| Basque Country | 2 424 € | 22 381 | 8% | 2,1% | 0,9% |
| Alicante | 1 315 € | 42 330 | -5% | 1,9% | 0,6% |
| Catalonia | 2 037 € | 89 309 | 1% | 1,8% | 0,4% |
| Coruña (A) | 1 247 € | 8 821 | 9% | 1,8% | 1,5% |
| Valladolid | 1 252 € | 5 248 | -5% | 1,6% | 1,3% |
The worst performers for the year up to March 2020 are:
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 |
| Palencia | 956 € | -4,6% | 1,7% | 1 521 | -5% |
| Castellón/Castelló | 1 040 € | -4,4% | -2,5% | 9 115 | -3% |
| Zamora | 829 € | -4,2% | -0,7% | 1 412 | -3% |
| Soria | 951 € | -3,9% | 1,3% | 1 121 | 8% |
| Melilla | 1 624 € | -3,8% | -2,6% | 573 | -4% |
| Albacete | 894 € | -3,1% | -2,6% | 3 283 | -3% |
| Burgos | 1 107 € | -3,1% | -1,0% | 4 138 | -11% |
| Cuenca | 752 € | -3,1% | -3,5% | 1 824 | -5% |
| Ávila | 817 € | -2,8% | 1,9% | 2 173 | 0% |
| Ciudad Real | 732 € | -2,8% | -0,3% | 4 525 | 8% |
| Lleida | 996 € | -2,8% | -3,2% | 4 600 | 1% |
| Araba/Alava | 1 947 € | -2,3% | -0,9% | 2 994 | -4% |
| León | 865 € | -2,3% | -1,0% | 4 058 | -1% |
| Rioja (La) | 1 103 € | -2,3% | -0,5% | 4 129 | -13% |
| Murcia (Región de) | 983 € | -2,0% | 0,9% | 18 979 | 1% |
| Córdoba | 1 132 € | -2,0% | -0,8% | 7 098 | -3% |
| Jaén | 794 € | -1,9% | -0,9% | 5 464 | 0% |
| Tarragona | 1 259 € | -1,6% | -1,7% | 12 403 | -2% |
| Ourense | 943 € | -1,5% | -1,2% | 1 995 | 6% |
| Castilla-La Mancha | 873 € | -1,4% | -1,7% | 22 879 | -4% |
| Alicante/Alacant | 1 295 € | -1,3% | -1,5% | 41 417 | -6% |
| Castilla y León | 1 037 € | -1,2% | -0,2% | 24 704 | -5% |
| Granada | 1 108 € | -1,0% | -0,6% | 11 617 | -3% |
Remember, the worst performers for the year up to December 2019 were:
| City / Region | Price | Number of Transactions | Transaction Evolution | Yr Price Evolution | Qtr Price Evolution |
| Soria | 940 € | 1 184 | 23% | -8,7% | -3,2% |
| Palencia | 940 € | 1 651 | 11% | -7,8% | -1,1% |
| Lleida | 1 029 € | 4 511 | -1% | -2,8% | 0,5% |
| Cáceres | 841 € | 3 658 | 13% | -2,8% | -2,3% |
| Albacete | 918 € | 3 513 | 5% | -2,6% | -0,8% |
| Real city | 734 € | 4 484 | 9% | -2,4% | 0,0% |
| Ávila | 802 € | 2 269 | 12% | -2,4% | -1,1% |
| Jaén | 802 € | 5 402 | 0% | -2,3% | 0,1% |
| Cantabria | 1 447 € | 7 094 | -1% | -2,2% | -2,9% |
| Rioja (La) | 1 108 € | 4 508 | 3% | -1,9% | 3,2% |
| Lugo | 845 € | 2 684 | 4% | -1,7% | -3,0% |
| Zamora | 835 € | 1 417 | -7% | -1,5% | 1,1% |
| Basin | 779 € | 1 890 | 5% | -1,4% | -0,3% |
| Estremadura | 859 € | 9 190 | 9% | -1,2% | -0,9% |
Here is the Alphabetical ranking of all the regions real estate price evolution for the last year:
Interactive chart
3. What are the most expensive real estate markets in Spain end March 2020?
Sorted by price, second column
| City / Region | Price | Yr Price Evolution | Qtr Price Evolution | Number of Transactions | Transaction Evolution |
| Gipuzkoa | 2 708 € | 1,4% | 0,4% | 6 947 | 4% |
| Madrid (Comunidad de) | 2 637 € | 0,9% | -1,3% | 75 027 | -12% |
| Barcelona | 2 410 € | 0,8% | -0,2% | 57 141 | -7% |
| País Vasco | 2 402 € | -0,2% | -0,9% | 21 449 | -2% |
| Balears (Illes) | 2 379 € | 2,5% | -1,9% | 14 677 | -12% |
| Bizkaia | 2 347 € | -0,9% | -1,9% | 11 508 | -5% |
| Cataluña | 2 030 € | 0,6% | -0,3% | 85 975 | -5% |
| Araba/Alava | 1 947 € | -2,3% | -0,9% | 2 994 | -4% |
| Málaga | 1 809 € | 2,3% | -1,4% | 30 187 | -12% |
| Ceuta | 1 746 € | 1,0% | 0,8% | 631 | -21% |
| Ceuta y Melilla | 1 674 € | -0,7% | -0,8% | 1 204 | -14% |
| TOTAL NACIONAL | 1 640 € | 0,3% | -0,8% | 547 814 | -6% |
-
- with the National Spanish Average: 1,640 €/m²
4. What are the cheapest real estate markets in Spain end March 2020?
Sorted by price, second column
| City / Region | Price | Yr Price Evolution | Qtr Price Evolution | Number of Transactions | Transaction Evolution |
| Ciudad Real | 732 € | -2,8% | -0,3% | 4 525 | 8% |
| Cuenca | 752 € | -3,1% | -3,5% | 1 824 | -5% |
| Teruel | 785 € | 0,2% | -0,8% | 1 472 | -1% |
| Jaén | 794 € | -1,9% | -0,9% | 5 464 | 0% |
| Ávila | 817 € | -2,8% | 1,9% | 2 173 | 0% |
| Zamora | 829 € | -4,2% | -0,7% | 1 412 | -3% |
| Toledo | 835 € | 0,4% | -1,7% | 9 120 | -10% |
| Lugo | 840 € | 0,9% | -0,6% | 2 604 | -2% |
| Cáceres | 858 € | 2,4% | 2,0% | 3 621 | 5% |
| León | 865 € | -2,3% | -1,0% | 4 058 | -1% |
| Extremadura | 868 € | 2,4% | 1,1% | 9 129 | 1% |
| Castilla-La Mancha | 873 € | -1,4% | -1,7% | 22 879 | -4% |
| Badajoz | 876 € | 2,5% | 0,4% | 5 508 | -1% |
| Albacete | 894 € | -3,1% | -2,6% | 3 283 | -3% |
| Ourense | 943 € | -1,5% | -1,2% | 1 995 | 6% |
| Soria | 951 € | -3,9% | 1,3% | 1 121 | 8% |
| Palencia | 956 € | -4,6% | 1,7% | 1 521 | -5% |
| Segovia | 974 € | 1,1% | -1,2% | 1 836 | -9% |
| Murcia (Región de) | 983 € | -2,0% | 0,9% | 18 979 | 1% |
| Lleida | 996 € | -2,8% | -3,2% | 4 600 | 1% |
-
- with the National Spanish Average: 1.640 €/m²
5. Which are the most active cities/regions on the Spanish real estate market?
Sorted by the number of transactions over the last 12 months / third column
| City / Region | Price | Yr Price Evolution | Qtr Price Evolution | Number of Transactions | Transaction Evolution |
| TOTAL NACIONAL | 1 640 € | 0,3% | -0,8% | 547 814 | -6% |
| Andalucía | 1 312 € | 0,7% | -0,2% | 106 076 | -7% |
| Cataluña | 2 030 € | 0,6% | -0,3% | 85 975 | -5% |
| Comunidad Valenciana | 1 214 € | -0,9% | -1,4% | 82 360 | -6% |
| Madrid (Comunidad de) | 2 637 € | 0,9% | -1,3% | 75 027 | -12% |
| Barcelona | 2 410 € | 0,8% | -0,2% | 57 141 | -7% |
| Alicante/Alacant | 1 295 € | -1,3% | -1,5% | 41 417 | -6% |
| Valencia/València | 1 184 € | 0,6% | -1,0% | 31 828 | -6% |
| Málaga | 1 809 € | 2,3% | -1,4% | 30 187 | -12% |
| Castilla y León | 1 037 € | -1,2% | -0,2% | 24 704 | -5% |
| Canarias | 1 533 € | 1,4% | 0,2% | 23 641 | -4% |
| Castilla-La Mancha | 873 € | -1,4% | -1,7% | 22 879 | -4% |
| País Vasco | 2 402 € | -0,2% | -0,9% | 21 449 | -2% |
| Galicia | 1 198 € | 0,7% | -0,6% | 19 815 | 0% |
| Sevilla | 1 349 € | 1,2% | 2,1% | 19 550 | -3% |
| Murcia (Región de) | 983 € | -2,0% | 0,9% | 18 979 | 1% |
| Aragón | 1 215 € | 0,7% | -0,8% | 14 870 | -5% |
| Balears (Illes) | 2 379 € | 2,5% | -1,9% | 14 677 | -12% |
6. Where are the fastest growing real estate markets in Spain?
Sorted by transaction evolution over the last 12 months / fourth column
| City / Region | Price | Yr Price Evolution | Qtr Price Evolution | Number of Transactions | Transaction Evolution |
| Soria | 951 € | -3,9% | 1,3% | 1 121 | 8% |
| Ciudad Real | 732 € | -2,8% | -0,3% | 4 525 | 8% |
| Ourense | 943 € | -1,5% | -1,2% | 1 995 | 6% |
| Cáceres | 858 € | 2,4% | 2,0% | 3 621 | 5% |
| Gipuzkoa | 2 708 € | 1,4% | 0,4% | 6 947 | 4% |
| Pontevedra | 1 269 € | 1,3% | -0,1% | 6 537 | 2% |
| Lleida | 996 € | -2,8% | -3,2% | 4 600 | 1% |
| Murcia (Región de) | 983 € | -2,0% | 0,9% | 18 979 | 1% |
| Extremadura | 868 € | 2,4% | 1,1% | 9 129 | 1% |
| Galicia | 1 198 € | 0,7% | -0,6% | 19 815 | 0% |
| Palmas (Las) | 1 615 € | 0,4% | -1,2% | 12 468 | 0% |
| Ávila | 817 € | -2,8% | 1,9% | 2 173 | 0% |
| Jaén | 794 € | -1,9% | -0,9% | 5 464 | 0% |
Check this very interesting infographic comparing transaction growth, price per m² and price evolution over the last year:
7. Where are the real estate markets suffering a negative growth in Spain?
Interesting to note, 8 cities/regions have negative growth rate: Santa Cruz de Tenerife, the Canary Islands, Las Palmas and the Balearic Islands, Madrid, Zamora and Saragossa.
Sorted by transaction evolution over the last 12 months / fourth column
| City / Region | Price | Yr Price Evolution | Qtr Price Evolution | Number of Transactions | Transaction Evolution |
| Ceuta | 1 746 € | 1,0% | 0,8% | 631 | -21% |
| Huesca | 1 141 € | 0,1% | -2,3% | 2 763 | -15% |
| Ceuta y Melilla | 1 674 € | -0,7% | -0,8% | 1 204 | -14% |
| Rioja (La) | 1 103 € | -2,3% | -0,5% | 4 129 | -13% |
| Málaga | 1 809 € | 2,3% | -1,4% | 30 187 | -12% |
| Balears (Illes) | 2 379 € | 2,5% | -1,9% | 14 677 | -12% |
| Madrid (Comunidad de) | 2 637 € | 0,9% | -1,3% | 75 027 | -12% |
| Burgos | 1 107 € | -3,1% | -1,0% | 4 138 | -11% |
| Huelva | 1 080 € | -0,3% | -2,0% | 6 175 | -10% |
| Toledo | 835 € | 0,4% | -1,7% | 9 120 | -10% |
| Segovia | 974 € | 1,1% | -1,2% | 1 836 | -9% |
| Santa Cruz de Tenerife | 1 452 € | 2,4% | 1,7% | 11 173 | -9% |
| Salamanca | 1 205 € | 2,7% | 0,2% | 3 202 | -9% |
| Barcelona | 2 410 € | 0,8% | -0,2% | 57 141 | -7% |
| Navarra (Comunidad Foral de) | 1 434 € | 1,2% | -2,3% | 5 988 | -7% |
| Andalucía | 1 312 € | 0,7% | -0,2% | 106 076 | -7% |
| Asturias (Principado de ) | 1 263 € | -0,9% | -0,6% | 9 861 | -7% |
| TOTAL NACIONAL | 1 640 € | 0,3% | -0,8% | 547 814 | -6% |
| Alicante/Alacant | 1 295 € | -1,3% | -1,5% | 41 417 | -6% |
| Valencia/València | 1 184 € | 0,6% | -1,0% | 31 828 | -6% |
| Comunidad Valenciana | 1 214 € | -0,9% | -1,4% | 82 360 | -6% |
| Aragón | 1 215 € | 0,7% | -0,8% | 14 870 | -5% |
| Cádiz | 1 366 € | 0,8% | 1,4% | 14 372 | -5% |
| Cataluña | 2 030 € | 0,6% | -0,3% | 85 975 | -5% |
| Bizkaia | 2 347 € | -0,9% | -1,9% | 11 508 | -5% |
| Castilla y León | 1 037 € | -1,2% | -0,2% | 24 704 | -5% |
| Palencia | 956 € | -4,6% | 1,7% | 1 521 | -5% |
| Cuenca | 752 € | -3,1% | -3,5% | 1 824 | -5% |
| Melilla | 1 624 € | -3,8% | -2,6% | 573 | -4% |
| Valladolid | 1 247 € | 1,1% | -0,4% | 5 243 | -4% |
| Canarias | 1 533 € | 1,4% | 0,2% | 23 641 | -4% |
| Araba/Alava | 1 947 € | -2,3% | -0,9% | 2 994 | -4% |
| Castilla-La Mancha | 873 € | -1,4% | -1,7% | 22 879 | -4% |
| Almería | 1 106 € | -0,9% | -2,1% | 11 613 | -3% |
| Albacete | 894 € | -3,1% | -2,6% | 3 283 | -3% |
| Zaragoza | 1 307 € | 0,9% | -0,5% | 10 635 | -3% |
| Sevilla | 1 349 € | 1,2% | 2,1% | 19 550 | -3% |
| Castellón/Castelló | 1 040 € | -4,4% | -2,5% | 9 115 | -3% |
| Granada | 1 108 € | -1,0% | -0,6% | 11 617 | -3% |
| Córdoba | 1 132 € | -2,0% | -0,8% | 7 098 | -3% |
| Cantabria | 1 455 € | -0,1% | 0,5% | 7 051 | -3% |
| Zamora | 829 € | -4,2% | -0,7% | 1 412 | -3% |
| País Vasco | 2 402 € | -0,2% | -0,9% | 21 449 | -2% |
| Tarragona | 1 259 € | -1,6% | -1,7% | 12 403 | -2% |
| Lugo | 840 € | 0,9% | -0,6% | 2 604 | -2% |
| Girona | 1 548 € | 1,0% | -0,2% | 11 831 | -1% |
| Teruel | 785 € | 0,2% | -0,8% | 1 472 | -1% |
| Coruña (A) | 1 236 € | 1,0% | -0,9% | 8 679 | -1% |
| Badajoz | 876 € | 2,5% | 0,4% | 5 508 | -1% |
| León | 865 € | -2,3% | -1,0% | 4 058 | -1% |
| Guadalajara | 1 116 € | 0,4% | -0,8% | 4 127 | -1% |
8. What is the 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.
9. Region per Region price evolution from 1995 up to the end of March 2020
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
Real estate prices in Alicante: €1,295 /m², -1.3% vs last year
Transactions for Alicante are strong: 41,417, -6%
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!
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Real estate prices in Almeria: €1,106 /m², -0.9% vs last year
Transactions for Almeria property market are strong: 11,613 -3%
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!
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Real estate prices in Barcelona: €2,410 /m², +0.8% vs last year
Transactions for the real estate market in Barcelona are growing slightly: 57,141 -7%
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!
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Real estate prices in Cadiz: €1,366 /m², +0.8% vs last year
Transactions for Cadiz are very strong: 14,372 -5%
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!
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Real estate prices in Castellon: €1,040 /m², -4.4% vs last year
Transactions for Castellon are very strong: 9,115 -3%
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!
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Real estate prices in Girona: €1,548 /m², +1% vs last year
Transactions for the real estate market in Girona are growing: 11,831 -1%
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!
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Real estate prices in Ibiza (Balearic Islands): €2,379 /m², +2.5% vs last year
Transactions for the Balearic Islands are: 14,677 -12%
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!
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Real estate prices in Las Palmas de Gran Canaria: €1,615/m², +0.4% vs last year
Transactions for Las Palmas are strong: 12,468 0%
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!
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Real estate prices in Madrid: €2,637 /m², +0.9% vs last year
Transactions for Madrid are strong: 75,027 -12%
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!
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Real estate prices in Málaga: €1,809 /m², +2.3% vs last year
Transactions for Málaga are strong: 30,187 -12%
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 ourCitytrip 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!
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Real estate prices in Palma de Mallorca (Balearic Islands): €2,379 /m², +2.5% vs last year
Transactions for the Balearic Islands are: 14,677 -12%
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!
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Real estate prices in Murcia: €983 /m², -2% vs last year
Transactions for the property market in Murcia are very strong: 18,979 +1%
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!
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Real estate prices in Santa Cruz Tenerife: €1,452/m², +2.4% vs last year
Transactions for Santa Cruz de Tenerife are strong: 11,173 -9%
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!
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Real estate prices in Seville: €1,349 /m², +1.2% vs last year
Transactions for the real estate market in Sevilla are strong: 19,550 -3%
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!
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Real estate prices in Valencia: €1,184 /m², +0.6% vs last year
Transactions for the property market in Valencia are strong: 31,828 -6%
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!
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Real estate prices in Valladolid: €1,247 /m², +1.1% vs last year
Transactions for Valladolid are strong: 5,243 -4%
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!
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Real estate prices in Saragossa: €1,307 /m², +0.9% vs last year
Transactions for Saragossa are strong: 10,635 -3%
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!
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Source: Ministerio de Fomento
10. 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.
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