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

19 Nov
2019
4.6 (91.67%) 12 vote

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 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 last quarter 

Let’s first start with the national average: price is 1,638 /m² end of September 2019: Spanish real estate prices rose

  • by +3.1% (+3.1% last quarter) during the last year from €1,589 /m²
  • by +0.1% (+0.1% 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 a very strong transaction number: 573,210 properties were sold during the last year to June 2019, a 2.6% 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 September 2019 quarter are:

Sorted by price evolution over the last 3 months, last column

City / Region Number of Transactions Transaction Evolution Yr Price Evolution Qr Price Evolution
Ceuta 844 71% 4,4% 3,2%
Segovia 2 042 15% 3,3% 3,1%
Cuenca 1 868 0% 2,3% 2,6%
Lugo 2 689 5% -2,4% 2,4%
Huelva 6 542 10% 3,4% 2,3%
Lleida 4 625 6% 0,0% 2,3%
Teruel 1 483 9% -2,3% 2,2%
Balears (Illes) 15 816 -11% 4,8% 2,0%
Gipuzkoa 6 897 8% 4,3% 2,0%
Navarra (Comunidad Foral de) 6 319 5% 4,6% 2,0%
Jaén 5 516 7% -0,4% 1,9%
Burgos 4 547 7% 1,7% 1,8%
León 4 129 13% 0,6% 1,6%
Guadalajara 3 984 6% 3,0% 1,5%
Toledo 10 197 14% 3,5% 1,4%
Cantabria 7 238 5% 3,7% 1,4%
Huesca 3 180 5% 3,3% 1,2%
Sevilla 20 097 12% 2,4% 1,2%
Bizkaia 12 068 8% 2,5% 1,2%
Cádiz 14 919 10% 4,0% 1,1%
País Vasco 22 191 7% 2,7% 1,0%

 

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

  • 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%

 

The worst performers for the September 2019 quarter are:

Sorted by price evolution over the last 3 months, last column

City / Region Number of Transactions Transaction Evolution Yr Price Evolution Qr Price Evolution
Córdoba 7 258 6% -0,4% -3,8%
Palencia 1 575 7% -4,3% -3,8%
Asturias (Principado de ) 10 338 4% -0,6% -2,7%
Araba/Alava 3 226 2% 0,7% -2,7%
Ourense 1 927 5% 1,8% -2,2%
Soria 1 175 30% -4,0% -2,0%
Albacete 3 484 6% 0,9% -1,9%
Melilla 606 2% 0,5% -1,7%
Rioja (La) 4 660 12% -5,5% -1,3%
Castellón/Castelló 9 339 5% 1,5% -1,2%
Coruña (A) 8 858 13% 2,6% -1,1%
Almería 11 964 11% 3,6% -1,1%

The worst performers for the June 2019 quarter were:

  • 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%

 

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

Interactive chart

 

 

The cities/regions with the strongest price increases for the year are ( last column):

 

Sorted by price evolution over the last 12 months, fourth column

 

City / Region Number of Transactions Transaction Evolution Yr Price Evolution Qr Price Evolution
Zaragoza 10 811 -1% 5,6% 0,1%
Valencia/València 33 480 3% 5,3% -0,9%
Málaga 32 617 -5% 5,3% 0,6%
Balears (Illes) 15 816 -11% 4,8% 2,0%
Navarra (Comunidad Foral de) 6 319 5% 4,6% 2,0%
Madrid (Comunidad de) 80 911 -3% 4,6% 0,0%
Ceuta 844 71% 4,4% 3,2%
Gipuzkoa 6 897 8% 4,3% 2,0%
Comunidad Valenciana 86 152 2% 4,3% -0,8%
Aragón 15 474 1% 4,2% 0,5%
Alicante/Alacant 43 333 0% 4,2% -0,6%
Cádiz 14 919 10% 4,0% 1,1%
Barcelona 60 231 2% 3,8% -0,2%
Cantabria 7 238 5% 3,7% 1,4%
Almería 11 964 11% 3,6% -1,1%
Valladolid 5 350 1% 3,6% 0,0%
Toledo 10 197 14% 3,5% 1,4%
Cataluña 89 681 3% 3,4% -0,2%
Huelva 6 542 10% 3,4% 2,3%
Huesca 3 180 5% 3,3% 1,2%
Andalucía 111 000 5% 3,3% 0,4%
Segovia 2 042 15% 3,3% 3,1%
Ceuta y Melilla 1 450 33% 3,1% 0,8%
TOTAL NACIONAL 573 210 3% 3,1% 0,1%
Guadalajara 3 984 6% 3,0% 1,5%

 

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

Sorted by price evolution over the last 12 months, fourth column

 

City / Region Number of Transactions Transaction Evolution Price Evolution
Santa Cruz de Tenerife 11 759 -5% 6,0%
Málaga 32 617 -5% 5,8%
Madrid (Comunidad de) 80 911 -3% 5,2%
Barcelona 60 231 2% 5,1%
Albacete 3 484 6% 5,0%
Balears (Illes) 15 816 -11% 5,0%
Huesca 3 180 5% 4,9%
Valencia/València 33 480 3% 4,6%
Zaragoza 10 811 -1% 4,4%
Cataluña 89 681 3% 4,3%
Cádiz 14 919 10% 4,2%
Canarias 23 928 -7% 4,0%
Comunidad Valenciana 86 152 2% 3,9%
Castellón/Castelló 9 339 5% 3,7%
Toledo 10 197 14% 3,5%
Alicante/Alacant 43 333 0% 3,5%
Andalucía 111 000 5% 3,4%
Navarra (Comunidad Foral de) 6 319 5% 3,3%
Guadalajara 3 984 6% 3,2%
Aragón 15 474 1% 3,1%
TOTAL NACIONAL 573 210 3% 3,1%
Tarragona 12 796 8% 3,1%
Salamanca 3 460 6% 3,0%
Granada 12 087 7% 2,9%
Araba/Alava 3 226 2% 2,9%
Almería 11 964 11% 2,9%
Sevilla 20 097 12% 2,6%
Valladolid 5 350 1% 2,4%
Asturias (Principado de ) 10 338 4% 2,3%
Palmas (Las) 12 169 -10% 2,2%
Girona 12 029 5% 2,2%
Palencia 1 575 7% 2,2%
Melilla 606 2% 1,8%
Ceuta y Melilla 1 450 33% 1,5%
Castilla-La Mancha 24 006 10% 1,5%
Coruña (A) 8 858 13% 1,5%
Cantabria 7 238 5% 1,4%
Pontevedra 6 466 9% 1,2%
Murcia (Región de) 18 833 10% 1,2%
Córdoba 7 258 6% 1,0%
Cáceres 3 656 16% 0,9%
Huelva 6 542 10% 0,6%
Ourense 1 927 5% 0,5%
Extremadura 9 321 11% 0,5%
Galicia 19 940 10% 0,5%
Badajoz 5 665 8% 0,4%
Ceuta 844 71% 0,1%
Bizkaia 12 068 8% 0,1%

 

The worst performers for the year up to September 2019 are (last column):

 

Sorted by price evolution over the last 12 months, fourth column

City / Region Number of Transactions Transaction Evolution Yr Price Evolution Qr Price Evolution
Rioja (La) 4 660 12% -5,5% -1,3%
Palencia 1 575 7% -4,3% -3,8%
Ciudad Real 4 473 11% -4,2% 0,9%
Soria 1 175 30% -4,0% -2,0%
Ávila 2 195 12% -3,8% 0,0%
Zamora 1 479 -3% -3,7% -0,8%
Lugo 2 689 5% -2,4% 2,4%
Teruel 1 483 9% -2,3% 2,2%
Asturias (Principado de ) 10 338 4% -0,6% -2,7%
Córdoba 7 258 6% -0,4% -3,8%
Jaén 5 516 7% -0,4% 1,9%

 


Remember, t
he worst performers for the year up to June 2019 were:

City / Region Number of Transactions Transaction Evolution Price Evolution
Teruel 1 483 9% -7,6%
Lleida 4 625 6% -5,5%
Jaén 5 516 7% -3,5%
Cuenca 1 868 0% -3,4%
Lugo 2 689 5% -2,9%
Ciudad Real 4 473 11% -2,9%
León 4 129 13% -2,6%
Zamora 1 479 -3% -2,3%
Ávila 2 195 12% -2,1%
Rioja (La) 4 660 12% -2,1%
Segovia 2 042 15% -1,4%
Soria 1 175 30% -1,3%
Gipuzkoa 6 897 8% -0,7%
Castilla y León 25 952 8% -0,2%
País Vasco 22 191 7% -0,1%
Burgos 4 547 7% -0,1%

 

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 September 2019?

Sorted by price, second column

City / Region Price Number of Transactions Transaction Evolution Yr Price Evolution Qr Price Evolution
Gipuzkoa 2 721 € 6 897 8% 4,3% 2,0%
Madrid (Community) 2 611 € 80 911 -3% 4,6% 0,0%
Barcelona 2 408 € 60 231 2% 3,8% -0,2%
Basque Country 2 403 € 22 191 7% 2,7% 1,0%
Balearic Islands 2 372 € 15 816 -11% 4,8% 2,0%
Bizkaia 2 352 € 12 068 8% 2,5% 1,2%
Catalonia 2 029 € 89 681 3% 3,4% -0,2%
Araba / Alava 1 914 € 3 226 2% 0,7% -2,7%
Malaga 1 825 € 32 617 -5% 5,3% 0,6%
    1. with the National Spanish Average: 1,638 €/m²

 

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

Sorted by price, second column

City / Region Price Number of Transactions Transaction Evolution Yr Price Evolution Qr Price Evolution
Real city 734 € 4 473 11% -4,2% 0,9%
Teruel 773 € 1 483 9% -2,3% 2,2%
Basin 782 € 1 868 0% 2,3% 2,6%
Jaén 800 € 5 516 7% -0,4% 1,9%
Ávila 811 € 2 195 12% -3,8% 0,0%
Zamora 826 € 1 479 -3% -3,7% -0,8%
Toledo 838 € 10 197 14% 3,5% 1,4%
Cáceres 861 € 3 656 16% 2,8% -0,1%
Lion 866 € 4 129 13% 0,6% 1,6%
Estremadura 866 € 9 321 11% 1,1% 0,5%
Badajoz 870 € 5 665 8% 0,3% 0,9%
Lugo 871 € 2 689 5% -2,4% 2,4%
Castilla la Mancha 885 € 24 006 10% 1,1% 0,8%
Albacete 925 € 3 484 6% 0,9% -1,9%
Ourense 935 € 1 927 5% 1,8% -2,2%
Palencia 951 € 1 575 7% -4,3% -3,8%
Soria 971 € 1 175 30% -4,0% -2,0%
Murcia (Region) 989 € 18 833 10% 2,7% -0,8%
    1. with the National Spanish Average: 1.638 €/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 Number of Transactions Transaction Evolution Yr Price Evolution Qr Price Evolution
Spain average 1 638 € 573 210 3% 3,1% 0,1%
Andalusia 1 309 € 111 000 5% 3,3% 0,4%
Catalonia 2 029 € 89 681 3% 3,4% -0,2%
Valencian Community 1 217 € 86 152 2% 4,3% -0,8%
Madrid (Community) 2 611 € 80 911 -3% 4,6% 0,0%
Barcelona 2 408 € 60 231 2% 3,8% -0,2%
Alicante 1 307 € 43 333 0% 4,2% -0,6%
Valencia 1 172 € 33 480 3% 5,3% -0,9%
Malaga 1 825 € 32 617 -5% 5,3% 0,6%
Castilla y León 1 038 € 25 952 8% 0,0% 0,3%
Castilla la Mancha 885 € 24 006 10% 1,1% 0,8%
Canary Islands 1 517 € 23 928 -7% 2,1% 0,0%
Basque Country 2 403 € 22 191 7% 2,7% 1,0%
Seville 1 305 € 20 097 12% 2,4% 1,2%
Galicia 1 197 € 19 940 10% 1,7% -0,5%
Murcia (Region) 989 € 18 833 10% 2,7% -0,8%
Balearic Islands 2 372 € 15 816 -11% 4,8% 2,0%

 

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 Number of Transactions Transaction Evolution Yr Price Evolution Qr Price Evolution
Ceuta 1 786 € 844 71% 4,4% 3,2%
Ceuta and melilla 1 687 € 1 450 33% 3,1% 0,8%
Soria 971 € 1 175 30% -4,0% -2,0%
Cáceres 861 € 3 656 16% 2,8% -0,1%
Segovia 991 € 2 042 15% 3,3% 3,1%
Toledo 838 € 10 197 14% 3,5% 1,4%
Lion 866 € 4 129 13% 0,6% 1,6%
Coruña (A) 1 229 € 8 858 13% 2,6% -1,1%
Rioja (La) 1 074 € 4 660 12% -5,5% -1,3%
Ávila 811 € 2 195 12% -3,8% 0,0%
Seville 1 305 € 20 097 12% 2,4% 1,2%
Real city 734 € 4 473 11% -4,2% 0,9%
Estremadura 866 € 9 321 11% 1,1% 0,5%
Almería 1 116 € 11 964 11% 3,6% -1,1%
Murcia (Region) 989 € 18 833 10% 2,7% -0,8%
Huelva 1 097 € 6 542 10% 3,4% 2,3%
Castilla la Mancha 885 € 24 006 10% 1,1% 0,8%
Cádiz 1 359 € 14 919 10% 4,0% 1,1%
Galicia 1 197 € 19 940 10% 1,7% -0,5%
Check this very interesting infographic comparing transaction growth, price per m² and price evolution over the last year:

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

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 Number of Transactions Transaction Evolution Yr Price Evolution Qr Price Evolution
Balearic Islands 2 372 € 15 816 -11% 4,8% 2,0%
Las Palmas 1 600 € 12 169 -10% 1,7% 0,4%
Canary Islands 1 517 € 23 928 -7% 2,1% 0,0%
Malaga 1 825 € 32 617 -5% 5,3% 0,6%
Santa Cruz of Tenerife 1 433 € 11 759 -5% 2,6% -0,4%
Madrid (Community) 2 611 € 80 911 -3% 4,6% 0,0%
Zamora 826 € 1 479 -3% -3,7% -0,8%
Saragossa 1 325 € 10 811 -1% 5,6% 0,1%

8. What is the price evolution of the main regions since 2006?

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.

 

Find your property in Spain

9. Region per Region price evolution from 1995 up to the end of September 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: €1,317 /m², +4.2% vs last year

Transactions for Alicante are strong: 43,333, -0.5%

 

Back to the list of cities/Regions

 

Real estate prices in Almeria: €1,116 /m², +3.6%  vs last year

Transactions for Almeria property market are strong: 11,964 +11%

 

 

Back to the list of cities/Regions

 

Real estate prices in Barcelona: €2,408 /m², +3.8% vs last year

Transactions  for the real estate market in Barcelona are growing slightly: 60,231 +1.8%

 

 

Back to the list of cities/Regions

 

Real estate prices in Cadiz: €1,359 /m², +4% vs last year

Transactions for Cadiz are very strong: 14,919 +9.9%

 

Real estate prices in Castellon: €1,059 /m², +1.5% vs last year

Transactions for Castellon are very strong: 9,339 +4.6%

 

Real estate prices in Girona: €1,522 /m², +2.6% vs last year

Transactions for the real estate market in Girona are growing: 12,029 +5.1%

 

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