Spanish housing prices jump 12.9% in Q1: 44 straight quarters of gains

Housing prices in Spain surged 12.9% in the first quarter, marking 44 consecutive quarters of increases. Eleven years of rises that are straining the market.

English · Original discussion in Spanish · Published

Spanish housing prices jump 12.9% in Q1: 44 straight quarters of gains

Buying a home in Spain has never been more expensive. Housing prices rose 12.9% in the first quarter compared with the previous year, marking 44 consecutive quarters of increases. Eleven years of uninterrupted rises have left the market in a state of extreme tension: supply is not growing at the pace of demand and wages have been losing purchasing power for years.

The data, drawn from the official index, confirm that the escalation shows no sign of slowing. While some hope a left-wing government will "fix it", others are betting on unorthodox solutions such as the tokenization of real estate assets, which could push prices even higher by enabling fractional purchases. At the same time, the rhetoric of public subsidies —the "welfare-dependent" mindset— keeps fuelling demand without addressing the underlying problem: the lack of new housing construction in high-pressure areas.

Scepticism has taken hold among analysts. Those who years ago claimed that "buying was throwing money away" have seen the market turn its back on them. The question hanging in the air is whether this trend can sustain itself for another 44 quarters or whether the bust will eventually come. For now, recent history says that property has never been a bad long-term investment.

Related discussions in the forum

Also available in: Deutsch

Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (7 replies).

More summaries

All summaries in English →

-
Back