Housing prices in Spain rise 12.9% in the first quarter

Housing prices rose 12.9% year-on-year in the first quarter of 2026, according to the National Statistics Institute, marking 11 straight years of continuous increases.

The National Statistics Institute published data on Monday showing a 12.9% increase compared to the same period last year. Used housing led the rise with 13.5%, while new housing advanced 9.1%.Home sales fell 2.2% year-on-year in March and 2.6% in the quarter, mainly due to the drop in new housing. All autonomous communities recorded double-digit increases, with Aragon and the Region of Murcia leading at 15.6%.According to Fotocasa Research, improved financing conditions have reactivated part of the demand, although limited supply keeps prices under pressure. 18% of the population is seeking home ownership, above the 12% in 2019.

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Illustration of Mexico's inflation rising to 4.63% in March 2026, featuring a market scene with rising prices and a billboard display.
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Mexico's annual inflation rises to 4.63% in early March

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Mexico's National Institute of Statistics and Geography (Inegi) reported annual inflation at 4.63% for the first half of March 2026, exceeding analysts' estimates. The National Consumer Price Index (INPC) rose 0.62% from the previous half-month period.

INE data reveal an average 22.9 percent rise in Spanish rents from 2015 to 2024, with increases above 30 percent in three provincial capitals.

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Mario Andrés Ramírez, president of Fedelonjas, warned of a 6.5% drop in new housing sales in the first quarter of 2026 compared to 2025, due to high credit costs and fewer subsidies. In cities, nearly half the population lives in apartments, with rentals becoming the dominant form of occupancy. The federation calls for professional management of the rental market.

Dane reported that Colombia's annual inflation for March 2026 reached 5.56%, up from 5.29% in February. This is the highest rate since September 2024 at 5.81%. Year-to-date inflation for the first quarter stood at 3.07%.

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Existing home sales in the United States fell 3.6% in March after a brief rebound the previous month. The National Association of Realtors reported a seasonally adjusted annual rate of 3.98 million units, the lowest since last June. NAR Chief Economist Dr. Lawrence Yun attributed the slowdown to lower consumer confidence and softer job growth.

The International Monetary Fund has cut its growth forecast for Spain's economy by two tenths, to 2.1% in 2026 and 1.8% in 2027, due to the Middle East conflict. The organization attributes the adjustment mainly to rising oil and gas prices. It recommends eliminating rent controls and taking stronger action on housing.

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The International Monetary Fund released its Article IV report on Spain on Friday. It warns of slower growth and inflation up to 4.8% in 2027 if the Iran war drags on.

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