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Housing prices rise 13.4% year-on-year in November
The General Index rose by 1.3% in November and is now 13.4% higher than a year ago. All areas, except for 'Other Municipalities', which remained stable, saw prices rise by an average of more than 1% between October and November. The group comprising the Balearic and Canary Islands (+16.8% year-on-year) and 'Capitals and large cities' (14.6%) stand out with the highest increases compared to November 2024. The average value of housing in Spain is 3.3% below the 2007 highs in nominal terms.
Capitals and large cities surpass 2007 highs
The value of new and used housing increased by 1.5% between September and October, bringing the increase over the last year to 12.9%. The 'Capitals and large cities' stand out with the second highest year-on-year increase (+14.4%), after the island territories, and for the first time exceeded the 2007 peak in nominal terms. The group formed by the Balearic and Canary Islands recorded a slight moderation in growth, while the rest of the groups sustained or accelerated the growth shown in previous months. The average value of housing in Spain is 4.6% below the 2007 highs in nominal terms.
Housing prices rose 12.3% year-on-year in September
The IMIE General index accelerated in September by 1.1% month-on-month (compared to +0.4% in August), bringing the year-on-year change in the price of new and used housing to 12.3%. All groups, with the exception of inland municipalities, sustained year-on-year growth of more than 10% in nominal terms. Islands' (+16.7% year-on-year) and 'Capitals and large cities' (+13.4%) stand out as the groups with the greatest price dynamism in the last year. The average value of housing in Spain is 5.9% below the 2007 highs in nominal terms.
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Tinsa IMIE November 2025: +13.4%
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