In 2024, the House Price Index (HPI) increased by 9.1%, 0.9 percentage points (pp) more than in 2023. Existing dwelling prices showed a higher annual increase than new dwellings, 9.7% and 7.5% respectively.

In the 4th quarter of 2024, the HPI year-on-year rate of change stood at 11.6%, 1.8 pp higher than in the previous quarter. In this period, the increase in prices was more significant in existing dwellings (12.4%) than in new dwellings (9.6%).

In 2024, 156,325 dwellings were sold, an increase of 14.5% compared to 2023. In nominal terms, all transactions totalled 33.8 billion euros, 20.8% more than the previous year. By category, existing dwellings’ sales increased by 14.8% and 21.1%, respectively, in the number and value of transactions. Regarding new dwellings, the number of transactions grew by 13.4%, while the rate of change in value was 20.0%.

From October to December 2024, 45,214 dwellings were transacted, corresponding to a year-on-year increase of 32.5% and a quarter-on-quarter rate of change of 10.5% (10.2% in the 3rd quarter of 2024). In the 4th quarter of 2024, the value of dwellings transacted totalled 10.2 billion euros, 41.8% more than in the same period in 2023.

In 2024, dwelling sales to Households increased by 15.2% compared to the previous year, standing at 134,540 units and totalling 28.7 billion euros.

In the reference year, 9,774 dwellings were purchased by buyers with a tax residence outside of the National Territory, corresponding to a reduction of 5.9% compared to 2023.