The Spanish Statistical Institute (INE) has published an index of house price changes in the country for the 4th quarter of 2024.
The annual increase in prices for apartments and houses was 11.3% (the previous figure was 8.1%). At the same time, new buildings rose in price by 12.3%, and secondary housing by 11.1%.
The rise in prices for the quarter was 1.8% (the previous figure was 2.8%).
Thus, the price dynamics came as a pleasant surprise, surpassing analysts' forecasts, The Corner writes. The growth is supported by a strong labor market, a shortage of supply and lower interest rates on loans.
Experts expect further price increases in 2025 (5%) and 2026 (3%). The fundamentals are good, and there are no signs of a bubble.
