Independent and accurate property prices in Spain

Download the latest Spanish House Price Index
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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 just updated the fourteen spreadsheets produced from studies by the Spanish Ministry of Housing (MVIV) - they now include revised totals for Q1 2007 and Q2 2007

There are three groups of figures:

1. Average house prices - Actual figures should be taken with a pinch of salt but trends should be interesting to analyse. One advantage that these figures have over the more common 'per square metre' MVIV prices is that they dispense with the inaccuracy of poorly measured and documented floor areas.
2. Number of sales - These are the most interesting figures. Accurate numbers for how many properties are being purchased. This is the most accurate and reliable data available on the real size of the Spanish property market.
3. Value of sales - Multiplying the first set of figures by the second set of figures yields this set - an estimation of how much money is being spent in the Spanish property market. Again, these numbers will be lower than the actual total spent, thanks to a proportion of black money deals but the trends will be useful to observe.

There's a new spreadsheet showing sales by town too - should be interesting to see which towns are popular - and which aren't

We'll post some anaylysis and insights here later this week.
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.