Spanish house prices fell 5.3% year-on-year in March following a 5.5% drop in February, property website TINSA said Tuesday. A year ago, house prices fell 9.7%.
House prices in the capital and large cities decreased 5.4% and those in the metropolitan areas fell 5.6%. In the Mediterranean coast, prices were down 7.8%. House prices were 5.7% lower in Balearic and Canary Islands. Other municipalities showed a 4% fall.
In the first quarter, house prices dropped 1.7% compared to the previous year when prices were down 3%.
On the same day, Spain's National Statistics Institute said home sales rose 7.2% month-on-month in February, taking the annual growth to 18.7%.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.