|Unit||Index 2015=100, NSA|
|Adjustments||Not Seasonally Adjusted|
|Building Completions||Jan 2019||3,312||3,417||#||Monthly|
|House Price Index||2018 Q4||120.95||120.49||Index 2015=100, NSA||Quarterly|
|House Price Index for Existing Homes||2018 Q4||120.66||120.32||Index 2015=100, NSA||Quarterly|
|House Price Index for New Homes||2018 Q4||123.04||121.64||Index 2015=100, NSA||Quarterly|
|House Price Value for Existing Homes||2018 Q4||1,618||1,589||EUR, NSA||Quarterly|
|Building Permits||Oct 2018||2,373||1,716||#||Monthly|
|Non-residential Building Permits||Oct 2018||524||412||#||Monthly|
|Residential Building Permits||Oct 2018||1,849||1,304||#||Monthly|
The housing price index (HPI) primary objective is to measure the merchanting prices of free pirce housing evolution over time for both new and second-hand. Thus, this is an indicator strictly for comparisons over time. The HPI is able to serve as a comparative element between EU members. In order to calculate the HPI, protected housing is excluded due to inaccessibility to all buyers, and it not being governed by the usual market forces. The use of official records makes it possible to have available information for the whole of the population.
The General Council of Notaries, of the Notarial Certification Agency, provides the data used to calculate the indices. The INE receives information each month on transfers of real estate assets within Spain approximately six weeks after the end of the data reference period, as well as revisions to previous data. The HPI is a short-term indicator produced using the latest data available to the INE, which represents, on average, over 90% of the total transfers made in the quarter.
Data is subject to regular reivisions. Annually, the model will be subject to review, incorporating the latest available information into the variables created and adding possible new variables from notaries' databases.
For more information, please consult the methodology provided by the INE