Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Total population46.72 million46.59 million46.48 million
    WDI
    		A.1.1
    Total number of households18.63 million18.53 million18.49 million
    Bank of Spain
    		A.1.2
    Average household size2.512.512.51
    Country Editor
    		A.1.3
    Urban population (% of total)80.32% of total80.08% of total79.84% of total
    WDI
    		A.1.4
    Urban population growth (annual %).58%.47%.38%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    GDP, current prices (U.S. dollars)1,437,047 USD (millions)1,313,951 USD (millions)1,237,766 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)1,867,878 USD (millions)1,778,309 USD (millions)1,694,645 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)31,059.51 USD 28,358.81 USD 26,608.87 USD
    WEO
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)40,371.22 USD 38,380.98 USD 36,523.3 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)2.65%2.98%3.17%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change)2.17%1.11%1.57%
    WEO
    		A.2.6
    GDP, deflator (Index)103.54102.08101.05
    WEO
    		A.2.7
    Consumer price index110.19108.38106.30
    WDI
    		A.2.8
    GINI Index33.234.134.5
    Eurostat
    		A.2.9
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Unemployed15.26%17.23%19.64%
    National Institute of Statistics
    		A.2.14.3
    Interest Rates:A.2.15
    Central bank lending/discount rateNot available 1.02%
    IFS
    		A.2.15.1
    Yield on 3 months treasury billsNot availableNot availableNot available
    IFS
    		A.2.15.2
    Yield on 10-year Government bond1.42%1.56%1.39%
    IFS
    		A.2.15.3
    Average bank deposit rate.1%.1%.2%
    Bank of Spain
    		A.2.15.4
    Lending rate  4.2%
    IFS
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Number of dwelling units:B.1.1
    Total25.08 million25.09 million25.13 million
    Bank of Spain
    		B.1.1.1
    Characteristics of housing stock:B.1.3
    Tenure in urban areas (%):B.1.4
    Owner-occupied units76.74% of total76.73% of total77.53% of total
    National Institute of Statistics
    		B.1.4.1
    % of owner units with a mortgage27.62% of total27.98% of total28.83% of total
    National Institute of Statistics
    		B.1.4.2
    Private rental units17.76% of total14.3% of total13.8% of total
    National Institute of Statistics
    		B.1.4.3
    Public / social rental units5.51% of total5.24% of total5.13% of total
    National Institute of Statistics
    		B.1.4.4
    Other forms of tenure Not available 6.3% of total
    National Institute of Statistics
    		B.1.4.5
    Estimated Number of units completed/yearB.1.5
    Formal sector/registered64,354 units54,610 units40,119 units
    Ministry of Development
    		B.1.5.1
    Number of recorded urban housing transactions/year516216464376403866
    National Institute of Statistics
    		B.1.6
    How complete is this measure for formal sector transactions?CompleteCompleteComplete
    Country Editor
    		B.1.7
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Median urban house price in USD:B.2.1
    New housing2,163.18 USD 2,022.99 USD 1,930.9 USD
    Ministry of Development
    		B.2.1.1
    Existing housing1,883.41 USD 1,724.48 USD 1,654.53 USD
    Ministry of Development
    		B.2.1.2
    Median house price to median annual HH income:B.2.2
    Annual average % change in median house prices:B.2.3
    Yearly Rate  -6.78%B.2.3.1
    M2 construction cost for median quality houseB.2.4
    National103.33 USD/sq.mt100.96 USD/sq.mt98.78 USD/sq.mt
    Ministry of Development
    		B.2.4.1

    back to top | Country Data:
    Notes: as a % of all MORTGAGE credits originated in calendar year (gross lending)
    Notes: as a % of all MORTGAGE credits originated in calendar year (gross lending)
    Notes: In terms of outstanding mortgage lending.
    Notes: In terms of outstanding mortgage lending.
    Notes: In terms of outstanding mortgage lending.
    Notes: In terms of outstanding mortgage lending.
    Notes: In terms of outstanding mortgage lending.
    Notes: In terms of outstanding mortgage lending.
    Notes: In terms of outstanding mortgage lending.
    Notes: In terms of outstanding mortgage lending.
    Notes: market shares as % NEW loans. Data refers to initial fixed rate >= 10 years
    Notes: market shares as % NEW loans. Data refers to initial fixed rate >= 10 years
    Notes: market shares as % NEW loans. Data refers to initial fixed rate >= 10 years
    Notes: Not frequently used
    Notes: Not frequently used
    Notes: Not frequently used
    Notes: Not frequently used
    Notes: Not frequently used.
    Notes: Not frequently used.
    Notes: Not frequently used.
    Notes: Not frequently used.
    Notes: The data refers to the total number of credit institutions but there is not available data of the number of which originating and funding mortgage loans. A) Deposit-taking institutions: 286 of which, Spanish companies: 198 B) Specialised credit institutions: 75 TOTAL CREDIT INSTITUTIONS (A+B): 362
    Notes: -0.16
    Notes: -0.34
    Notes: -0.38
    Notes: Annual average
    Notes: Annual average
    Notes: Annual average
    Notes: Annual average
    Notes: Annual average
    Notes: Annual average
    Notes: Annual average
    Notes: Annual average
    Notes: Annual average
    Notes: Annual average
    Notes: Annual average
    Notes: Annual average
    Notes: Annual average
    Notes: Annual average
    Notes: Annual average
    Notes: Annual average
    Notes: as a % of all MORTGAGE credits originated in calendar year (gross lending)
    Notes: as a % of all MORTGAGE credits originated in calendar year (gross lending)
    Notes: as a % of all MORTGAGE credits originated in calendar year (gross lending)
    Notes: Assistance under the State Housing Plan 2018-2021 is currently in place for young people under 35 with income under 3 IPREM willing to purchase a home in a municipality with less than 5,000 inhabitants, thus addressing the issue of rural depopulation. The amount granted shall not exceed 10,800 euros per dwelling, limited to 20% of the purchase price of the home.
    Notes: Assistance under the State Housing Plan 2018-2021 is currently in place for young people under 35 with income under 3 IPREM. Applicants can benefit from a maximum reduction of 50% in the monthly rent, depending on the geographical area
    Notes: Building Price Index for new developments
    Notes: Building Price Index for new developments
    Notes: Building Price Index for new developments
    Notes: Building Price Index for new developments
    Notes: Building Price Index for new developments
    Notes: Building Price Index for new developments
    Notes: Building Price Index for new developments
    Notes: Building Price Index for new developments
    Notes: Building Price Index for new developments
    Notes: Building Price Index for new developments
    Notes: Building Price Index for new developments
    Notes: Building Price Index for new developments
    Notes: Building Price Index for new developments
    Notes: Building Price Index for new developments
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: Figure exclusively includes credits granted for house purchase or ownership purposes.
    Notes: In 2013 the tax deductibility for primary residence buyers ended. Nevertheless, those taxpayers who were deducting part of the expenses ascribed to the purchase and financing of their main residence prior to the date of suspension took effect, remain entitled to a tax deduction.
    Notes: In 2013 the tax deductibility for primary residence buyers ended. Nevertheless, those taxpayers who were deducting part of the expenses ascribed to the purchase and financing of their main residence prior to the date of suspension took effect, remain entitled to a tax deduction.
    Notes: In 2013 the tax deductibility for primary residence buyers ended. Nevertheless, those taxpayers who were deducting part of the expenses ascribed to the purchase and financing of their main residence prior to the date of suspension took effect, remain entitled to a tax deduction.
    Notes: In 2013 the tax deductibility for primary residence buyers ended. Nevertheless, those taxpayers who were deducting part of the expenses ascribed to the purchase and financing of their main residence prior to the date of suspension took effect, remain entitled to a tax deduction.
    Notes: In 2013 the tax deductibility for primary residence buyers ended. Nevertheless, those taxpayers who were deducting part of the expenses ascribed to the purchase and financing of their main residence prior to the date of suspension took effect, remain entitled to a tax deduction.
    Notes: In terms of outstanding mortgage lending.
    Notes: In terms of outstanding mortgage lending.
    Notes: Initial Fix 5 < years <= 10, Initial Fix 1< year <= 5 is 2.9%
    Notes: Initial Fix 5 < years <= 10, Initial Fix 1< year <= 5 is 3.7%
    Notes: Initial Fix 5 < years <= 10, Initial Fix 1< year <= 5 is 3.8%
    Notes: Initial Fix 5 < years <= 10, Initial Fix 1< year <= 5 is 5.4%
    Notes: Initial Fix 5 < years <= 10, Initial Fix 1< year <= 5 is 5.9%
    Notes: Lenders are obligated to publish relevant data in their annual accounts
    Notes: Lenders are obligated to publish relevant data in their annual accounts
    Notes: Lenders are obligated to publish relevant data in their annual accounts
    Notes: Lenders are obligated to publish relevant data in their annual accounts
    Notes: Lenders are obligated to publish relevant data in their annual accounts
    Notes: market shares as % NEW loans. Data refers to initial fixed rate >= 10 years
    Notes: market shares as % NEW loans. Data refers to initial fixed rate >= 10 years
    Notes: market shares as % NEW loans. Data refers to initial fixed rate >= 10 years
    Notes: market shares as % NEW loans. Data refers to initial fixed rate >= 10 years
    Notes: market shares as % NEW loans. Data refers to initial fixed rate >= 10 years
    Notes: market shares as % NEW loans. Data refers to initial fixed rate >= 10 years
    Notes: market shares as % NEW loans. Data refers to initial fixed rate >= 10 years
    Notes: market shares as % NEW loans. Data refers to initial fixed rate >= 10 years
    Notes: market shares as % NEW loans. Data refers to initial fixed rate >= 10 years
    Notes: Most lenders use credit scoring but there is no official data.
    Notes: Most lenders use credit scoring but there is no official data.
    Notes: Most lenders use credit scoring but there is no official data.
    Notes: Most lenders use credit scoring but there is no official data.
    Notes: Most lenders use credit scoring but there is no official data.
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: National figures
    Notes: nominal prices
    Notes: nominal prices
    Notes: nominal prices
    Notes: nominal prices
    Notes: nominal prices
    Notes: not anymore (since Jan 2013)
    Notes: Not anymore since January 2013
    Notes: Not frequently used
    Notes: Not frequently used.
    Notes: Only for loans used as central bank collateral
    Notes: Only for loans used as central bank collateral
    Notes: Only for loans used as central bank collateral
    Notes: Public and Private
    Notes: Public and Private
    Notes: Public and Private
    Notes: Public and Private
    Notes: Public and Private
    Notes: Public and Private
    Notes: Public and Private
    Notes: Rented below market price
    Notes: Rented below market price
    Notes: Rented below market price
    Notes: Rented below market price
    Notes: Rented below market price
    Notes: Residential mortgages the maximum LTV allowed is 80%. The new Mortgage Regulation approved in December 2007 allows for LTVs for residential loans of between 80% and 95%, provided that the loans carry mortgage insurance cover for the excess over the 80% threshold.
    Notes: Residential mortgages the maximum LTV allowed is 80%. The new Mortgage Regulation approved in December 2007 allows for LTVs for residential loans of between 80% and 95%, provided that the loans carry mortgage insurance cover for the excess over the 80% threshold.
    Notes: Residential mortgages the maximum LTV allowed is 80%. The new Mortgage Regulation approved in December 2007 allows for LTVs for residential loans of between 80% and 95%, provided that the loans carry mortgage insurance cover for the excess over the 80% threshold.
    Notes: Residential mortgages the maximum LTV allowed is 80%. The new Mortgage Regulation approved in December 2007 allows for LTVs for residential loans of between 80% and 95%, provided that the loans carry mortgage insurance cover for the excess over the 80% threshold.
    Notes: Residential mortgages the maximum LTV allowed is 80%. The new Mortgage Regulation approved in December 2007 allows for LTVs for residential loans of between 80% and 95%, provided that the loans carry mortgage insurance cover for the excess over the 80% threshold.
    Notes: short and medium term fixed (1-10y rate fixation)
    Notes: short and medium term fixed (1-10y rate fixation)
    Notes: short and medium term fixed (1-10y rate fixation)
    Notes: short and medium term fixed (1-10y rate fixation)
    Notes: short and medium term fixed (1-10y rate fixation)
    Notes: short and medium term fixed (1-10y rate fixation)
    Notes: short and medium term fixed (1-10y rate fixation)
    Notes: short and medium term fixed (1-10y rate fixation)
    Notes: short and medium term fixed (1-10y rate fixation)
    Notes: short and medium term fixed (1-10y rate fixation)
    Notes: short and medium term fixed (1-10y rate fixation)
    Notes: short and medium term fixed (1-10y rate fixation)
    Notes: The data refers to the total number of credit institutions but there is not available data of the number of which originating and funding mortgage loans. A) Deposit-taking institutions: 275 of which, Spanish companies:189 B) Specialized credit institutions: 59 TOTAL CREDIT INSTITUTIONS (A+B): 335
    Notes: The data refers to the total number of credit institutions but there is not available data of the number of which originating and funding mortgage loans. A) Deposit-taking institutions: 280 of which, Spanish companies: 201 B) Specialised credit institutions: 76 TOTAL CREDIT INSTITUTIONS (A+B): 357
    Notes: The data refers to the total number of credit institutions but there is not available data of the number of which originating and funding mortgage loans. A) Deposit-taking institutions: 276 of which, Spanish companies: 188 B) Specialized credit institutions: 59 TOTAL CREDIT INSTITUTIONS (A+B): 337
    Notes: The data refers to the total number of credit institutions but there is not available data of the number of which originating and funding mortgage loans. A) Deposit-taking institutions: 280 of which, Spanish companies: 192 B) Specialised credit institutions: 70 TOTAL CREDIT INSTITUTIONS (A+B): 352
    Notes: The legal maximum applies only to loans used as Central Bank collateral
    Notes: The legal maximum applies only to loans used as Central Bank collateral
    Notes: The legal maximum applies only to loans used as Central Bank collateral
    Notes: variable rate - up to 1y rate fixation
    Notes: variable rate - up to 1y rate fixation
    Notes: variable rate - up to 1y rate fixation
    Notes: variable rate - up to 1y rate fixation
    Notes: variable rate - up to 1y rate fixation
    Notes: variable rate - up to 1y rate fixation
    Notes: variable rate - up to 1y rate fixation
    Notes: variable rate - up to 1y rate fixation
    Notes: variable rate - up to 1y rate fixation
    Notes: variable rate - up to 1y rate fixation
    Notes: variable rate - up to 1y rate fixation
    Notes: variable rate - up to 1y rate fixation
    Notes: Variable, less than equal to 1 year
    Notes: Variable, less than equal to 1 year
    Notes: Variable, less than equal to 1 year
    Notes: Variable, less than equal to 1 year
    Notes: Variable, less than equal to 1 year