La larga escalada de la vivienda: las casas duplican el precio tras 12 años de subidas ininterrumpidas

The long ascent of the housing market in Spain is more akin to a steady climb than a roller coaster ride. According to the Spanish National Statistics Institute's (INE) Housing Prices Index (IPV), since the start of 2014, houses have consistently appreciated over 48 consecutive quarters when measured by year-over-year changes. Throughout this period, the index has remained firmly in positive territory, navigating through economic cycles, shifts in interest rates, and periods of uncertainty.

The result is a 12-year stretch of uninterrupted price increases that have reshaped Spain's residential market. Over this time, property prices have skyrocketed across much of the country, leading to an index that has multiplied by more than two. In other words, houses are now worth more than double what they were when they first hit the market during the Great Recession.