Spain: housing affordability index 2022 by region

Real estate in the Balearic Islands ranked as the least affordable by Spaniards, with a potential number of 18.2 years that the average person would need to acquire a property on a full salary. Madrid and Catalonia followed far behind as the second and third least affordable Spanish region, with a total of 9.7 and nine index points, respectively.

Housing affordability index in Spain in 4th quarter 2022, by region

Characteristic	Housing affordability index
Balearic Islands	18.2
Community of Madrid	9.7
Catalonia	9
Basque Country	7.9
Canary Islands	7.5
Andalusia	7.4
Galicia	7.2
Cantabria	6.9
Navarra	6.4
Region of Valencia	6.3
Castile and Leon	5.9
Extremadura	5.8
Aragon	5.7
Asturias	5.6
Castile-La Mancha	5.5
La Rioja	5
Murcia	5

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Release date

2023

More information

Region

Spain

Survey time period

Q4 2022

Supplementary notes

Housing affordability index: number of years that the average citizen would require to purchase an average priced property with their full salary. It is the result of dividing the property's market value by the average citizen's gross annual income.

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Spanish

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