Spanish house prices continue to exceed their expectations.

Despite a slight weakening, prices continue to show upwards pressure. On a general level, it can be said that houses are now more expensive than ever. According to official statistics, published on in November 2024, the index now stands at more than 162 points, based on an index of 100 in 2015. This means that homes are now 62% more expensive than nine years ago.

Prices of both new construction and existing homes are rising.

The increase in price in the third quarter follows an earlier price increase of 7.9% in the second quarter. Then prices of new homes shot up as much as 11.2% – the biggest increase in almost 17 years. Both new construction and existing homes became more expensive in the past quarter by 2.8% compared to the second quarter, showing steady growth in house prices for three consecutive quarters.

We, ayamontehomes.es, located and active in the Costa de la Luz experienced this literal with our development Riverview Residences in Ayamonte.

Price increase highest in Andalucía, Navarra and Aragon.

House prices have risen in all autonomous regions of Spain. The largest increases were seen in Andalucía (10.9%), Navarra (10.7%) and Aragon (10.3). These three regions were the only ones to experience double – digit price increases.

These figures are a general impression, detailed area study will tell you that price increasements can vary regarding location and quality of the property. For example, our development Riverview Residences in Ayamonte, since the start of construction 18 months ago, has experienced an increase of 19.4%. This due to its exclusive location and building qualities.

House prices continue to rise

Since the second quarter of 2014, Spanish house prices have shown a continuous upward trend, a period that has now lasted for 42 consecutive quarters. This growth follows a six – year period of price declines that began with the 2008 property crisis. Current price developments indicate that, despite economic uncertainties, the Spanish housing market to exert a strong appeal to both national and international buyers.

Two upcoming areas to keep your eyes on in the future are Costa de la Luz, especially the Huelva area boarding to Portugal, and Murcia. Property can be half priced compared to the other Spanish coast lines; this is due to the economic prices of land. Ayamonte, with Riverview Residences, is one of those Gems.