Flag of es

Spain Housing Starts

Spain's housing starts fell by 13.4% to 34.42 thousand units in Q1 2025 from 39.74 thousand units in Q4 2024. This decline occurred despite favorable residential investment indicators, robust demand and rising house prices. High construction material prices, limited buildable land and complex permitting processes constrained new construction. Spain's record low housing starts was 19.08 thousand units in Q3 2020 and record high was 39.74 thousand units in Q4 2024.

Quarterly Historical Data (2017-2025)

(in Thousand units)
Quarter Housing Starts (Thousand units)
Q1 2025 34.4
Q4 2024 39.7
Q3 2024 31
Q2 2024 34.5
Q1 2024 31
Q4 2023 28.3
Q3 2023 25.7
Q2 2023 27.2
Q1 2023 29.2
Q4 2022 30.9
Q3 2022 25.6
Q2 2022 23.6
Q1 2022 29.8
Q4 2021 30.3
Q3 2021 29.3
Q2 2021 27.8
Q1 2021 26.3
Q4 2020 23.7
Q3 2020 19.1
Q2 2020 19.5
Q1 2020 25.3
Q4 2019 25.5
Q3 2019 25.8
Q2 2019 28.7
Q1 2019 28.7
Q4 2018 26
Q3 2018 25.2
Q2 2018 27.5
Q1 2018 24.7
Q4 2017 19.9
Q3 2017 20
Q1 2017 19.5
Spain Housing Starts : Definition
Spain housing starts count new residential construction projects initiated nationwide. The Ministry of Transport, Urban Agenda gathers this data, typically from building permits granted or construction commencement. It shows the level of new home building activity in Spain. Calculation involves tallying these initiated housing units.
Indicator Last Value Prior Value Period
Existing Home Sales 51.1K 46.5K Jul'25
House Prices €2,094/sqm €2,033/sqm Jun'25
New Home Sales 10.1K units 13.6K units Aug'25