Independent and accurate property prices in Spain

Download the latest Spanish House Price Index
pdf format 360Kbytes

The Kyero.com Spanish House Price Index is free to download.

It's updated and published quarterly to evaluate the advertised prices of 100,000 Spanish properties.

Kyero.com Spanish House Price Index
(Reprint permission granted when this line and hyperlink included)

Despite my reservations about the quality of the information produced by the Ministry of Housing, they do have access to all the price information that every one wants (even if they choose not to share it, or when they do, display it in suitably cryptic fashion).

If you've ever tried to navigate their web site, even with a reasonable grasp of the Spanish language, it's almost impossible to find what you want.

And when you have found what you're looking for, you'll need to download a spreadsheet, reset the security settings in Microsoft Excel to allow unsigned macros to run before you can begin to browse their (incomplete) data.

However, there IS some good stuff in there (if you persevere). One interesting report is the number of property transactions throughout Spain. To make it easy for you - here is that report in pdf format.

We'll try and maintain an archive of the most useful MVIV reports here on Kyero.com. Who knows, maybe one day the Ministry of Housing will publish actual sales prices instead of frustrating aggregate information?

Even better - they could allow an online search and deliver very specific property values - one day maybe.

Martin Dell, Kyero.com

• Original data is freely available to download from the web site of the Ministerio de Vivienda. No changes have been made to the source information other than for clarity of presentation and translation into English.
• New construction is defined as properties less than 2 years old. These figures *might* include property purchased off plan and 'flipped' or resold in the same period and while the property is still technically 'new'
• Resales are defined as any property older than two years - again, this may not strictly correlate to a property having been sold a number of times
• Except where specifically mentioned, all figures exclude sales of subsidised or social housing.
• Sales of urban and rural land are excluded.
• Sales to 'foreigners' are categorised as resident, non-resident and 'other'. For the sake of clarity, only figures for foreign residents in Spain are presented here as they account for the vast majority of cases.
• Actual prices are likely to be unreliable due to the fact that some of the sales price passes from buyer to seller 'under the table'. This amount is never notarised and therefore cannot feature in the MVIV figures.
• As the Spanish government increases their efforts to stamp-out these 'black money' practices, house prices might 'appear' to be increasing when, in fact, a proportion of that increase must be attributed to a larger propeortion of the actual sales value being notarised.