Spanish property prices rose by +3.9% in 2018: our detailed analysis of the top 20 markets!

16 Apr
2019

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Our Spanish property market quarterly analysis up to December 2018

 

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 December quarter 

Let’s first start with the national average: price is 1619 €/m² end of December 2018: Spanish real estate prices rose

  • by +3.9% (+3.1% last quarter) during the last year from 1559 €/m²
  • by +1.8% (+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 the highest transaction number for 10 years: 579,628 properties were sold during the last year to December 2018, a 8.9% year on year growth.

 

The lowest price reached since the financial crisis of 2007 is 1456€/m² in the third quarter of 2014 while the highest is 2101.4 €/m² in the first quarter of 2008.

What are the regions with the biggest increases and decreases?

 

The top performers for the December 2018 quarter are:

  • Saragossa +3,7%
  • Basin +3,5%
  • Toledo +3,4%
  • Girona +3,4%
  • Lleida +3,4%
  • Valencia +3,3%
  • Cáceres +3,3%
  • Valladolid +3,2%
  • Huelva +3,1%
  • Aragon +3,1%
  • Melilla +3,1%
  • Malaga +3%
  • Cantabria +3%
  • Segovia +2,9%
  • Valencian Community +2,9%
  • Alicante +2,9%
  • Huesca +2,8%
  • Albacete +2,7%
  • Gipuzkoa +2,7%
  • Cádiz +2,6%
  • Palencia +2,6%
  • Andalusia +2,4%
  • Coruña (A) +2,3%
  • Pomegranate +2,2%
  • Seville +2,2%
  • Jaén +2,1%
  • Catalonia +2,1%
  • Tarragona +2,1%
  • Araba / Alava +2,1%
  • Pontevedra +2%
  • Madrid (Community) +2%

 

As a reminder, the top performers for the September 2018 quarter were:

  • Santa Cruz of Tenerife +2.9%
  • Palencia +2.8%
  • Huesca +2.8%
  • Salamanca +2.6%
  • Real city +2.3%
  • Rioja (La) +2.3%
  • Balearic Islands +2.2%
  • Albacete +2.1%
  • Canary Islands +1.9%
  • Lugo +1.8%
  • Guadalajara +1.8%
  • Ávila +1.7%

 

The worst performers for the December 2018 quarter are:

  • Lugo -3,6%
  • Ávila -2,5%
  • Real city -1,9%

 

The worst performers for the September 2018 quarter were:

  • Ourense -3.4%
  • Lleida -3.4%
  • Teruel -3.4%
  • Basin -3.1%
  • Gipuzkoa -2.8%
  • Cordova -2.3%
  • Murcia (Region) -2.3%
  • Coruña (A) -2.2%
  • Cáceres -2%

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:

  • Melilla +8,8%
  • Malaga +8,3%
  • Madrid (Community) +8,1%
  • Barcelona +6,9%
  • Catalonia +5,8%
  • Valencia +5,2%
  • Toledo +5,1%
  • Santa Cruz of Tenerife +4,9%
  • Rioja (La) +4,8%
  • Andalusia +4,2%
  • Canary Islands +4%

 

while the top performers up to December were:

  • Madrid (Community) +8.3%
  • Malaga +7.4%
  • Barcelona +6.5%
  • Rioja (La) +6%
  • Santa Cruz of Tenerife +5.9%
  • Balearic Islands +5.2%
  • Catalonia +4.8%
  • Canary Islands +4.7%
  • Pomegranate +4.4%
  • Lugo +4.2%

 

The worst performers for the year up to December 2018 are:

  • Ceuta -3,8%
  • Teruel -2,8%
  • Zamora -1,9%

 

Remember, the worst performers for the year up to September 2018 were:

  • Basin -4.3%
  • Ourense -3.6%
  • Salamanca -3.1%
  • Zamora -3%
  • Ceuta -3%
  • Cáceres -3%
  • Coruña (A) -2.8%
  • Cantabria -2.7%
  • Galicia -1.7%
  • Jaén -1.7%
  • Segovia -1.5%
  • Girona -1.4%

 

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 December 2018?

 

    1. Gipuzkoa real estate prices: 2,680 €/m² vs 2.609 last quarter
    2. The Madrid Community: 2,546 €/m² vs 2.497 last quarter
    3. The Basque Country: 2,376 €/m² vs 2.339 last quarter
    4. Barcelona: 2,360 €/m² vs 2.319  last quarter
    5. Bizkaia2,312 €/m² vs 2.294 last quarter
    6. The Balearic Islands: 2,273 €/m² vs 2.263 last quarter
    7. Catalonia: 2,002 €/m² vs 1.961 last quarter

     

  1. with the National Spanish Average: 1,619 €/m²

 

 

4. What are the cheapest real estate markets in Spain end December 2018?

 

    1. Basin, 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, Murcia (Region) have real estate prices under 1,000 €/m² last quarter

     

  1. with the National Spanish Average: 1.618 €/m²

 

5. What are the most active property markets in Spain, last 12 months, up to the 31st of December 2018?

 

Name Transactions Evolution
Ceuta 779 48%
Huelva 6642 31%
Ceuta y Melilla 1394 28%
Rioja (La) 4745 27%
Sevilla 19890 23%
Cádiz 14730 21%
Almería 11766 21%
Guadalajara 4074 20%
Murcia (Región de) 18454 19%
Ávila 2123 19%
Teruel 1420 19%
Segovia 1999 18%
Soria 1000 18%
Lleida 4656 17%
Toledo 9885 17%
Andalucía 112458 16%
Córdoba 7177 16%
Burgos 4457 15%

 

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, 5 cities/regions have negative growth rate: Santa Cruz de Tenerife, Canarias, Las Palmas, The Balearic Islands and Gipuzkoa.

 

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 December 2018

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

 

Real estate prices in Alicante: €1,290 /m², +3.0% vs last year

Transactions for Alicante are strong: 44,714, +16.9%

 

Back to the list of cities/Regions

 

Real estate prices in Almeria: €1,092 /m², +0.3%  vs last year

Transactions for Almeria property market are strong: 11,766 +20.6%

 

 

Back to the list of cities/Regions

 

Real estate prices in Barcelona: €2,360 /m², +6.9% vs last year

Transactions  for the real estate market in Barcelona are growing slightly: 61,060 +3.4%

 

 

Back to the list of cities/Regions

 

Real estate prices in Cadiz: €1,340 /m², +3.8% vs last year

Transactions for Cadiz are very strong: 14,730 +20.8%

 

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