Spain's official house price index rises 12.2%, its 49th straight quarterly increase
Friday, September 18, 2026 @ 8:48 PM
Spain's official house price index rose 12.2% in the year to the second quarter of 2026, according to the National Statistics Institute (INE) — a slightly slower pace than the 12.9% recorded in the first quarter, but the 49th consecutive quarter in which prices have risen on an annual basis. That streak stretches back roughly 12 years, making this one of the longest uninterrupted growth cycles in the index's history.
Resale property outperformed new-build in the latest official figures, with prices rising 12.9% year on year. Photo: Freepik
The moderation was driven mainly by new-build housing, where annual growth slowed sharply to 7.4% — down 1.7 percentage points on the previous quarter and the weakest new-build reading since the start of 2023. Resale property held up better, still rising 12.9% year on year, only slightly down from 13.5% in the first quarter. Prices did not stand still in the meantime, either: the index rose 3.4% compared with the previous quarter alone, with resale accounting for most of that (+3.7%) against a much more modest 1.0% rise in new-build prices.
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