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Capital cities led the monthly rise in home prices in April

The General Index rose 1.6% month-over-month in April, bringing the year-over-year increase to 15.4%. The "Capital Cities and Major Cities" group stands out with the largest monthly increase (+1.9%) and is approaching its all-time high (-0.5%) in nominal terms. Residential price growth is accelerating across all groups, with year-over-year increases ranging from 12.4% to 20.3%, well above inflation. The average home value in Spain is 2.2% below the 2007 highs in nominal terms and 34% lower in real terms (adjusted for inflation).

Accumin appoints María Gómez Barea to lead its Value, Risk & Advisory business in Iberia

Prices for new and existing homes rose 14.7% year-over-year in March

Residential prices rose by 1.1% between February and March (compared to 0.8% the previous month), driven by the surge in inflation caused by the war in the Middle East. New and existing homes are 14.7% more expensive than a year ago. “Capital Cities and Major Cities” and “Metropolitan Areas” continue the slight slowdown already observed the previous month, while “Mediterranean Coast” and “Other Municipalities” show a slight uptick. The “Other Municipalities” group is seeing double-digit year-over-year price increases for the first time since August 2007. The average home price in Spain is 3.8% below the 2007 highs in nominal terms and 34% lower in real terms.