Spain property prices continue upwards - TINSA January 2022

Spanish home prices start the year with average increases of 6.2%.

• The general index stood at 1,770 points, which represents 6.2% more than in January 2021 and an increase of 0.7% compared to December.
• All the areas analyzed increased their price inter-monthly, except the Mediterranean coast, which remains stable after the increases in recent months.
• Metropolitan areas' is the group that has appreciated the most between December and January. In the balance of the last 12 months, the greatest increase corresponds to small towns in the interior ('Resto de Municipios').
• The average value in Spain is 24.3% below the maximum reached in 2007.

TINSA, the Spanish valuation company, have updated their indice as of January 2022, which shows the % increase compared with January 2021.

In general, the indice is up by 6.2%, and the Mediterranean coast area (admittedly a huge coastline) is also up 6.2% year-on-year. The monthly variation is negligible, and prices are still down on average throughout Spain by 24.3% since the highs of 2007, and even more on the coast, down on average some 34.5%.

Other indicators

Each month, the Tinsa IMIE General and Large Markets index includes a selection of other relevant real estate and economic indicators to analyze the evolution and prospects of the residential sector.

In short statistic are very positive right now. The numbers available in Spain are historic with some of the latest numbers being three months old, such as the number of property sales being up 25.8% in November 2021 compared to 2020, and the number of new mortgages issued a similar 26%. New build licences are also up by 14.7% in November 2021. Mortgage rates are still at historic lows (what a shame we cannot re-mortgage in Spain to take advantage of the opportunities that we regularly see).

If you are thinking of buying or selling over the next 6-12 months then lets speak. Feel free to contact us at info@ultimatehomes-spain.com or call us on +34 657 960 480.

Check the historical and latest data of the General IMIE, as well as the detail of the different financial and real estate indicators in: 

https://www.tinsa.es/wp-content/uploads/informes/2022/FichaEnero2022.pdf