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)

We've been trying to make sense of data from the Ministry of Housing recently. On their web site: www.mviv.es you can download a lot of information in spreadsheet format.

The first hurdle for most foreigners buying in Spain is that it's all in Spanish (of course) but the Ministry also adds several layers of extra complexity.

They slice and dice the information in a variety of ways to produce almost 40 separate spreadsheets - which are the most interesting and accurate?

They make a distinction between subsidised housing and those available on the open market and also differentiate between new buildings and resales. Finally, they break out how many property transactions are completed by foreigners - both resident and non resident in Spain.

When you remove the less interesting spreadsheets and the ones which (in my opinion) cannot be relied upon, we're left with just 12 spreadsheets covering three rather interesting subjects: What's the average price paid?, How many homes were sold? and What's the total value of all those sales?

Unfortunately, the latest data the Ministry of Housing makes available is for Q1 2007 (and even that's subject to change) but, as updates become available, we'll be translating and maintaining these 12 key spreadsheets as a free downloads on Kyero.com.

Click on the links below to understand more about each report or download them all (you'll need an unzip utility and/or a programme which can read Microsoft Excel spreadsheets).

1. Average House Prices - (take these with a pinch of salt - but useful for comparison purposes)
2. Number of Property Sales - (likely to be very accurate, all sales are notarised)
3. Total Value of Sales - (again, mostly useful for comparison rather than as absolute values)

We'll be analysing this information ourselves (and comparing it with other sources of data) and we'll be publishing our insights right here. Find out when there's new stuff to read in this section by completing the Email Update form on the right-hand-side of this page.

• 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.