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Spanish Existing-Home Prices Jump 7.8% in 2018, Most in a Decade

  • Madrid leads pack, with 19.5% appreciation; Murcia at bottom
  • Prices still more than one-third below 2007 level: Fotocasa
Spain's Unsold Residential Housing
Photographer: Denis Doyle

Prices for existing homes across Spain jumped in 2018 by the most in at least 12 years, as the country continued recovering from one of Europe’s worst property crashes.

The 7.8 percent average annual increase was an acceleration from 5.1 percent in 2017, according to real-estate research firm House prices leaped the most in Madrid, by 19.5 percent. The market was still uneven, with regions like Murcia on the Mediterranean coast dropping 3.3 percent last year.