| Index | Quarterly variation % | Year-over-year variation % | Variation since the beginning of the year % | |
|---|---|---|---|---|
| General | 158.0 | -1.5 | 3.5 | 3.5 |
| New dwelling | 181.2 | -0.6 | 7.9 | 7.9 |
| Existing dwelling | 155.7 | -1.6 | 3.0 | 3.0 |
| Units: Index (Base 2015 = 100). | ||||
| Source: INE. | ||||
| Index | Quarterly variation % | Year-over-year variation % | Variation since the beginning of the year % | |
|---|---|---|---|---|
| General | 148.7 | -1.1 | 4.2 | 4.2 |
| New dwelling | 169.6 | -1.4 | 7.5 | 7.5 |
| Existing dwelling | 145.5 | -1.0 | 3.6 | 3.6 |
| Units: Index (Base 2015 = 100). | ||||
| Source: INE. | ||||
Last update: March 7, 2024. Next update: June 6, 2024
Methodological note
The purpose of the House Price Index is to measure the evolution of the purchase price of free-market dwellings purchased by private households, both resident and non-resident, in Spain. Dwellings purchased by legal persons or financial institutions are thus outside the scope of this indicator.
The House Price Index is calculated as the quotient between the estimated price in the current quarter and the estimated price in the fourth quarter of the previous year, for each type, multiplied by 100. It is constructed using the Laspeyres formula, which is a weighted arithmetic mean of the price indices of the various consumer goods considered.
House prices are collected through observation of the administrative records of around 95% of dwelling sales during the quarter. The House Price Index methodology follows the recommendations of the Technical manual on Owner-Occupied Housing and House Price Indices (PDF), prepared by Eurostat and agreed by the European Union (EU) countries, with the aim of harmonising the calculation of house price indices in the EU.