Spain - House Price Value for Existing Homes

For the Spanish housing market including subnational areas: asking price, selling price, house price index; new vs. existing, OPH vs. non-OPH; most indicators are quarterly.

• Measurement: Areal price - Euros per square meter (EUR per m²)
• Adjustment: Not seasonally adjusted (NSA)
• Native frequency: Quarterly
• Start date: As early as 1995Q1
• Geo coverage:
  • NUTS 2003
  • Country
  • 20 NUTS 2 areas (IESP_^^)
  • 52 NUTS 3 areas (IESP_^^^)
• Do all concept-geo pairs exist: Mostly

Free (non-OPH) vs. protected (OPH). Moody's Analytics believes this refers to the public housing office, which administers social housing (which has three categories: PLAI, PLU and PLS, for low-, mid- and high-income households, respectively).  "Free" appears to mean "rental rate freedom" as contrasted with "rent-controlled".

Housing price index

• Instituto Nacional de Estadística (INE)
• Quarterly
• State-subsidized housing is excluded. When it is the first transfer on the merchanting deed the dwelling is classified as new. Basic data: Appraisals.

Average price per m² of open-market (unsubsidised) housing

• Ministerio de la Vivienda
• Quarterly
• The geographical disaggregations have been estimated using provincial data published by the Ministerio de la Vivienda, taking as weights the number of houses in each province according to the INE's 2001 Population and Housing Census.

Asking prices (average price per m2) of new housing

• Sociedad de Tasación, S.A.
• Half-yearly
• Average price of new housing on sale in all provincial capitals.

Asking price of second-hand housing

• Fotocasa and Expocasa
• Monthly
• Average price of second-hand houses at national level.

Rentals CPI

• Instituto Nacional de Estadística
• Monthly
• Rented housing sub-class of the CPI.

Index of residential building costs

• Ministerio de Fomento
• Monthly
• Includes labour and materials.

Housing investment deflator

• Instituto Nacional de Estadística
• Quarterly
• Quarterly National Accounts, implicit deflator of gross fixed capital formation in housing.Methodology

• Free (non-OPH) vs. protected

Moody's Analytics supplements

We produce seasonally adjusted versions of the areal price, for subnational areas.