175 areas historic highs

The Bank of Spain has published a financial stability report that analyzes real estate prices. Although the number of transactions has recovered sharply in recent months, neither mortgages, nor prices, nor the number of new construction permits, nor employment in the construction sector have even come close to the levels of 2007.

Nevertheless, Spain’s real estate market consists of thousands of small micromarkets, where data reflects its own reality. In the same neighborhood, housing prices on one street may be growing at one pace, while on a parallel street at completely different rates.

A more detailed analysis of public data reveals that, according to the latest price report from idealista.com, in 175 areas of Spain housing prices already reached historic highs in August 2021.

Below are the areas of Spain where prices are again at record levels, according to idealista.com data for Bankinter.

Andalusia

Aragon

Asturias

Balearic Islands

Canary Islands

Cantabria

Castile-La Mancha

Catalonia

Valencian Community

Basque Country

Galicia

Madrid

Murcia

Navarre