Spains Housing Price Index

The following information is supplied by the National Institute of Statistics (INE) for the fourth quarter of 2009.

Main Results

  • The annual variation rate of the HPI is –4.3% in the fourth quarter of 2009, almost three points higher than that registered the previous quarter.
  • The interannual variation of new housing increases half a point to –5.1%, thus registering the first increase since the first quarter of 2007.
  • Second-hand housing registers an increase of almost five points in the annual rate, from –8.3% to –3.5%.
  • The quarterly variation of the general index is –0.4%.

Interannual variation rates

  • The interannual rate of the Housing Price Index (HPI) in the fourth quarter of 2009 increased almost three points, standing at –4.3%.
  • By type of housing, the annual variation of new housing increased from –5.6% in the third quarter of 2009 to –5.1% in the fourth quarter, representing the first increase since the first quarter of 2007.
  • In turn, the annual rate for second-hand housing increased almost five points over the previous quarter, standing at –3.5% in the fourth quarter of 2009.


Results by Autonomous Community. Interannual variation rates

  • The greatest increases in annual variation were in Comunidad de Madrid, with more than five points, from –11.0% in the third quarter of 2009 to –6.6% in the fourth quarter, and in Cataluña, which stood at –7.0%.
  • In turn, the only annual variation rate that decreased as compared with the previous quarter was observed in the autonomous city of Melilla, which decreased eight tenths, standing at 3.0% in the fourth quarter of 2009.

Source: Housing Price Index 4th quarter 2009

Leave a Reply