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Spanish property prices rose by +3.1% for the last 12 months: our detailed analysis of the top 20 markets!

20 Sep
2019
4.5 (90%) 10 votes

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Our Spanish property market quarterly analysis up to June 2019

 

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?  
AlicanteAlmeriaBarcelonaCadizCastellónGironaIbizaLasPalmasMálagaMadridMurciaSevilla,
TenerifeValenciaValladolidZaragoza

 

1. Analysis of the performance during the March quarter 

Let’s first start with the national average: price is 1,637 /m² end of June 2019: Spanish real estate prices rose

  • by +3.1% (+4.4% last quarter) during the last year from €1,588 /m²
  • by +0.1% (+1.1% 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 the highest transaction number over the last 10 years: 583,345 properties were sold during the last year to March 2019, a 7.6% year on year growth.

 

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 June 2019 quarter are:

  • Cáceres 2.8%
  • Malaga 2.6%
  • Asturias 2.3%
  • Albacete 2.2%
  • Saragossa 2.1%
  • Lugo 2.1%
  • Estremadura 1.7%
  • Huesca 1.6%
  • Santa Cruz of Tenerife 1.5%
  • Coruña (A) 1.5%
  • Aragon 1.5%
  • Cordova 1.3%
  • Galicia 1.1%
  • Almería 1%

 

As a reminder, the top performers for the March 2019 quarter were:

  • Ourense 3.1%
  • Murcia (Region) 2.7%
  • Araba / Alava 2.7%
  • Madrid (Community) 2.6%
  • Castellón / Castelló 2.6%
  • Burgos 2.5%
  • Valencia / València 2.5%
  • Ceuta 2.4%
  • Navarra (Autonomous Community) 2.4%
  • Bizkaia 2.4%
  • Ávila 2.3%
  • Seville 2.3%
  • Almería 2.3%
  • Ceuta and melilla 2.2%

 

The worst performers for the June 2019 quarter are:

  • Lion -3.8%
  • Zamora -3.8%
  • Rioja (La) -3.6%
  • Ávila -3.6%
  • Teruel -3.5%
  • Real city -3.4%
  • Seville -3.2%
  • Jaén -3.1%
  • Melilla -2.7%
  • Lleida -2.2%
  • Burgos -2%
  • Cuenca -1.8%
  • Bizkaia -1.8%
  • Castellón / Castelló -1.5%
  • Castile and León -1.5%
  • Palencia -1.5%
  • Araba / Alava -1.3%
  • Basque Country -1.1%
  • Guadalajara -1.1%

 

The worst performers for the March 2019 quarter were:

  • Soria -3.8%
  • Lleida -3.2%
  • Lugo -3.2%
  • Cáceres -3.1%
  • Estremadura -2.5%
  • Huesca -2.3%
  • Segovia -2.3%
  • Albacete -2%
  • Badajoz -1.9%
  • Basin -1.8%
  • Palencia -1.7%
  • Cantabria -1.6%
  • Jaén -1.3%
  • Malaga -1%

 

Here is the Alphabetical ranking of all the regions real estate price evolution on the last quarter:

Interactive chart

 

 

The strongest price increase for the year are:

  • Santa Cruz of Tenerife 6%
  • Malaga 5.8%
  • Madrid (Community) 5.2%
  • Barcelona 5.1%
  • Albacete 5%
  • Balearic Islands 5%
  • Huesca 4.9%
  • Valencia / València 4.6%
  • Saragossa 4.4%
  • Catalonia 4.3%
  • Cádiz 4.2%
  • Canary Islands 4%
  • Valencian Community 3.9%
  • Castellón / Castelló 3.7%
  • Toledo 3.5%
  • Alicante 3.5%
  • Andalusia 3.4%
  • Navarra (Autonomous Community) 3.3%
  • Guadalajara 3.2%
  • Aragon 3.1%
  • Tarragona 3.1%
  • Salamanca 3%

 

while the top performers for the last year up to March were:

  • Melilla 8.4%
  • Madrid (Community) 8.3%
  • Seville 8.1%
  • Barcelona 7.4%
  • Navarra (Autonomous Community) 7%
  • Santa Cruz of Tenerife 6%
  • Catalonia 5.9%
  • Valencia / València 5.5%
  • Castellón / Castelló 5.3%
  • Malaga 5.2%
  • Balearic Islands 5.1%
  • Valladolid 5.1%
  • Canary Islands 5%
  • Cádiz 4.9%
  • Araba / Alava 4.7%
  • Andalusia 4.7%
  • Rioja (La) 4.6%
  • Saragossa 4.5%

 

The worst performers for the year up to March 2019 are:

  • Teruel -7.6%
  • Lleida -5.5%
  • Jaén -3.5%
  • Cuenca -3.4%
  • Lugo -2.9%
  • Real city -2.9%
  • Lion -2.6%
  • Zamora -2.3%
  • Ávila -2.1%
  • Rioja (La) -2.1%

 

Remember, the worst performers for the year up to March 2019 were:

  • Lugo -4.4%
  • Soria -4.3%
  • Segovia -3.7%
  • Ceuta -3.5%
  • Teruel -3.2%
  • Estremadura -1.6%
  • Badajoz -1.4%
  • Cáceres -1.3%
  • Lleida -1%
  • Real city -0.9%
  • Salamanca -0.8%
  • Lion -0.6%

 

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 June 2019?

 

    1. Gipuzkoa real estate prices: 2,667 €/m² vs 2,670 last quarter
    2. The Madrid Community: 2,610 €/m² vs 2,613 last quarter
    3. Barcelona: 2,412 €/m² vs 2,392  last quarter
    4. The Basque Country: 2,378 €/m² vs 2,406 last quarter
    5. Bizkaia2,324 €/m² vs 2,367 last quarter
    6. The Balearic Islands: 2,325 €/m² vs 2,321 last quarter
    7. Catalonia: 2,032 €/m² vs 2,019 last quarter

     

    1. with the National Spanish Average: 1,637 €/m²

 

4. What are the cheapest real estate markets in Spain end June 2019?

 

    1. Cuenca, Real city and Teruel have real estate prices under 800 €/m² last quarter
    2. Jaén, Toledo, Cáceres, Ávila, Estremadura, Zamora, Lion, Badajoz, Castilla-La Mancha, Lugo have real estate prices under 900 €/m² last quarter
    3. Albacete, Ourense, Segovia, Palencia, Murcia and Soria have real estate prices under 1,000 €/m² last quarter

     

    1. with the National Spanish Average: 1.637 €/m²

 

 

5. What are the most active property markets in Spain, last 12 months, up to end of June 2019?

City Number of Transactions Transaction Evolution
Huelva 6 860 30%
Cádiz 15 195 20%
Sevilla 20 201 20%
Toledo 10 094 18%
Almería 12 033 17%
Murcia (Región de) 18 713 16%
Coruña (A) 8 767 15%
Castilla-La Mancha 23 768 14%
Andalucía 113 529 13%
Córdoba 7 307 13%
Castilla y León 26 031 12%
Extremadura 9 024 12%
Asturias (Principado de ) 10 553 12%
Galicia 19 717 11%
Badajoz 5 563 11%
Jaén 5 487 11%
Pontevedra 6 408 11%
Bizkaia 12 139 11%
Castellón/Castelló 9 408 10%
Granada 11 984 10%

Have a quick look at our last paper on the fastest growing Spanish cities in 2018 (in terms of real estate transactions).

 

Interesting to note, 4 cities/regions have negative growth rate: Santa Cruz de Tenerife, Canarias, Las Palmas and The Balearic Islands.

 

6. Real estate price evolution for all the 18 Spanish regions since 2005 (€/m²)

 

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.

 

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.

 

Find your property in Spain

7. Region per Region price evolution from 1995 up to the end of June 2019

Follow our alphabetical ranking or click on any name of this list: Alicante, AlmeriaBarcelona, Cadiz, Castellón, Girona, Ibiza, LasPalmas, Madrid, Málaga, Murcia, Sevilla, Tenerife, Valencia, Valladolid, Zaragoza

 

Real estate prices in Alicante: €1,315 /m², +3.5% vs last year

Transactions for Alicante are strong: 44,020, +5.3%

 

Back to the list of cities/Regions

 

Real estate prices in Almeria: €1,128 /m², +2.9%  vs last year

Transactions for Almeria property market are strong: 12,033 +17%

 

 

Back to the list of cities/Regions

 

Real estate prices in Barcelona: €2,413 /m², +5.1% vs last year

Transactions  for the real estate market in Barcelona are growing slightly: 61,691 +4.4%

 

 

Back to the list of cities/Regions

 

Real estate prices in Cadiz: €1,345 /m², +4.2% vs last year

Transactions for Cadiz are very strong: 15,195 +19.9%

 

Real estate prices in Castellon: €1,072 /m², +3.7% vs last year

Transactions for Castellon are very strong: 9,408 +10.2%

 

Real estate prices in Girona: €1,525 /m², +2.2% vs last year

Transactions for the real estate market in Girona are growing: 11,973 +5%

 

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