Spain house prices rise 14.2% in September 2026

Tinsa valuations were 14.2% higher over the year to September, a fourth straight month of slower growth, while the monthly pace stayed at 0.7%.

The facts

New and existing homes in Spain cost +14.2% more in September 2026 than a year earlier, appraiser Tinsa reported on 16 October 2026 in its monthly IMIE General release.
Prices rose +0.7% between August and September, so the monthly pace stayed positive even as the annual rate came down.
The annual rate has eased every month since the summer: 15.6% in June, 15.5% in July, 14.9% in August and 14.2% in September.
The index tracks appraisal values for new and second-hand homes across Spain, a different basis from asking-price indices and transaction registries.

Entry is more expensive than a year ago, with valuations +14.2% higher. The monthly rate is still positive at +0.7%.
Rental yields compress when prices climb faster than rents: Glopra puts Spanish asking prices at $3,390 per square metre and the market's bubble risk at 61 out of 100, in the elevated band.
Owners already holding in Spain see the other side: a 14.2% annual gain lifts resale value but raises the capital gains base on a sale.

Tinsa prints no next-release date, so the timing of the October reading is not published in advance.
The index level and the distance from the market peak appear only in Tinsa's full report, so the position in the long cycle cannot be read here.
Tinsa's local-markets index is a separate quarterly series, reported at 14.7% for the third quarter, and is not comparable with the monthly national index.

Sources: Tinsa, IMIE General September 2026, published 16 October 2026 https://www.tinsa.es/informes/imie-general/mensual/