The following residential property price indices were updated in Q3 2018 (all figures show latest year-on-year percentage change):
- The Ministry of Public Works (Fomento) +3.8% in the second quarter, based on official valuations
- The National Institute of Statistics (INE) index +6.8% in the second quarter
- The Spanish Land Registrars’ Association +10.68 in the second quarter
- The Idealista.com (property portal) resale asking price index +9.2% in August
- The Tinsa index based on property valuations carried out by the company +5.6% in August
These national indices don’t tell us anything about local markets, but they do give us some idea of where we are in the property market cycle. All of the main indices now show Spanish house prices as rising in what looks like a well-established recovery.
