{
  "id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "generated_at": "2026-07-15T09:24:01.387514+00:00",
  "last_refresh": "2026-07-13",
  "source": "ECB MIR monthly new housing loans adjusted with Eurostat total dwelling house price index, and Eurostat residential building permit data; mortgage series smoothed with a 3-month moving average before rebasing and weighting.",
  "source_description": "Monthly Spain housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
  "table_id": "macro_economics/housing/europe_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "Spain Housing Market Activity",
    "indicator_description": "Monthly Spain housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "title": "Spain Housing Market Activity",
    "description": "Monthly Spain housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "source": "ECB MIR monthly new housing loans adjusted with Eurostat total dwelling house price index, and Eurostat residential building permit data; mortgage series smoothed with a 3-month moving average before rebasing and weighting.",
    "source_description": "Monthly Spain housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "visibility": "paid",
    "updated_at": "2026-07-13T10:34:51.038196Z",
    "last_refresh": "2026-07-13",
    "table_id": "macro_economics/housing/europe_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "ES"
    ],
    "geo_included": [
      "ES"
    ],
    "page_slug": "spain-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/spain-housing-market-activity/",
    "chart_type": "line",
    "series_type": "single",
    "frequency": "monthly",
    "units": "Index (2019 = 100)",
    "legend": false,
    "featured_topic": true,
    "featured_subtopic": true,
    "featured_rank_topic": 5,
    "featured_rank_subtopic": 2,
    "chart_title": "Spain Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Spain Furniture Market Hub",
        "url": "/market/spain-furniture-market-hub/",
        "label": "Market hub"
      },
      {
        "title": "Spain Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/spain-furniture-retail-turnover/",
        "label": "Market size"
      },
      {
        "title": "Spain Furniture Product Search Trend",
        "url": "/indicators/retail/online/spain-furniture-products-search-trend/",
        "label": "Online"
      },
      {
        "title": "France Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/france-housing-market-activity/",
        "label": "Housing"
      }
    ],
    "taxonomy_path": [
      "macroeconomics",
      "housing",
      "market-activity"
    ],
    "taxonomy_labels": [
      "Macroeconomics",
      "Housing",
      "Market activity"
    ],
    "taxonomy_nodes": [
      {
        "id": "macroeconomics",
        "label": "Macroeconomics",
        "has_page": true,
        "sort_order": 30
      },
      {
        "id": "housing",
        "label": "Housing",
        "has_page": true,
        "sort_order": 20
      },
      {
        "id": "market-activity",
        "label": "Market activity",
        "has_page": false,
        "sort_order": 10
      }
    ],
    "taxonomy_page_path": [
      "macroeconomics",
      "housing"
    ],
    "taxonomy_page_labels": [
      "Macroeconomics",
      "Housing"
    ],
    "taxonomy_collection": "market-activity",
    "taxonomy_collection_label": "Market activity",
    "entity": {
      "type": "country",
      "geo": [
        "ES"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "730d949efd64fa7a7a46002f26f11be17906e78842641e69c0ef34ffededf8fe",
    "trend_summary": "The Spain Housing Market Activity indicator shows a significant upward trend from 2015, starting at a low of 63.7 and peaking at 131.6 in July 2022. After reaching this peak, the index experienced some fluctuations, with the latest level at 110.6, which is above the 2019 baseline of 100. Recent momentum indicates a mixed picture, with a 3.9% year-over-year increase over 12 months, but a slight decline of 3.2% over the past three months. Yearly averages suggest growth from 2015 through 2022, with a notable dip in 2023 before a projected rise in subsequent years.",
    "trend_summary_generated_at": "2026-07-15T09:24:19.202816+00:00",
    "key_findings": [
      "Spain housing activity remains above the 2019 baseline, suggesting a supportive demand backdrop.",
      "Recent sideways movement in housing activity points to a mixed signal, not yet showing a clear demand impulse.",
      "Read alongside Spain Furniture Retail Market Size, the 3.9% yearly increase adds context to housing-linked furniture demand."
    ],
    "key_findings_source": "ai_rewrite",
    "key_findings_generated_at": "2026-07-15T09:24:22.274999+00:00",
    "chart_alt_text": "Line chart for Spain Housing Market Activity in index points. The series runs from 2015-01-01 to 2026-03-01; the latest value is 110.6 index points. The peak is 131.6 index points in 2022-07-01."
  },
  "data": [
    {
      "date": "2015-01-01",
      "geo": "ES",
      "value": 63.71
    },
    {
      "date": "2015-02-01",
      "geo": "ES",
      "value": 65.23
    },
    {
      "date": "2015-03-01",
      "geo": "ES",
      "value": 71.37
    },
    {
      "date": "2015-04-01",
      "geo": "ES",
      "value": 75.94
    },
    {
      "date": "2015-05-01",
      "geo": "ES",
      "value": 75.75
    },
    {
      "date": "2015-06-01",
      "geo": "ES",
      "value": 76.64
    },
    {
      "date": "2015-07-01",
      "geo": "ES",
      "value": 89.9
    },
    {
      "date": "2015-08-01",
      "geo": "ES",
      "value": 89.0
    },
    {
      "date": "2015-09-01",
      "geo": "ES",
      "value": 90.79
    },
    {
      "date": "2015-10-01",
      "geo": "ES",
      "value": 83.39
    },
    {
      "date": "2015-11-01",
      "geo": "ES",
      "value": 85.07
    },
    {
      "date": "2015-12-01",
      "geo": "ES",
      "value": 91.45
    },
    {
      "date": "2016-01-01",
      "geo": "ES",
      "value": 83.65
    },
    {
      "date": "2016-02-01",
      "geo": "ES",
      "value": 97.52
    },
    {
      "date": "2016-03-01",
      "geo": "ES",
      "value": 78.03
    },
    {
      "date": "2016-04-01",
      "geo": "ES",
      "value": 100.53
    },
    {
      "date": "2016-05-01",
      "geo": "ES",
      "value": 110.97
    },
    {
      "date": "2016-06-01",
      "geo": "ES",
      "value": 110.58
    },
    {
      "date": "2016-07-01",
      "geo": "ES",
      "value": 97.72
    },
    {
      "date": "2016-08-01",
      "geo": "ES",
      "value": 84.93
    },
    {
      "date": "2016-09-01",
      "geo": "ES",
      "value": 77.23
    },
    {
      "date": "2016-10-01",
      "geo": "ES",
      "value": 78.09
    },
    {
      "date": "2016-11-01",
      "geo": "ES",
      "value": 87.04
    },
    {
      "date": "2016-12-01",
      "geo": "ES",
      "value": 94.08
    },
    {
      "date": "2017-01-01",
      "geo": "ES",
      "value": 90.96
    },
    {
      "date": "2017-02-01",
      "geo": "ES",
      "value": 84.38
    },
    {
      "date": "2017-03-01",
      "geo": "ES",
      "value": 88.63
    },
    {
      "date": "2017-04-01",
      "geo": "ES",
      "value": 91.49
    },
    {
      "date": "2017-05-01",
      "geo": "ES",
      "value": 94.33
    },
    {
      "date": "2017-06-01",
      "geo": "ES",
      "value": 99.74
    },
    {
      "date": "2017-07-01",
      "geo": "ES",
      "value": 103.75
    },
    {
      "date": "2017-08-01",
      "geo": "ES",
      "value": 98.75
    },
    {
      "date": "2017-09-01",
      "geo": "ES",
      "value": 88.44
    },
    {
      "date": "2017-10-01",
      "geo": "ES",
      "value": 83.94
    },
    {
      "date": "2017-11-01",
      "geo": "ES",
      "value": 91.99
    },
    {
      "date": "2017-12-01",
      "geo": "ES",
      "value": 97.82
    },
    {
      "date": "2018-01-01",
      "geo": "ES",
      "value": 99.02
    },
    {
      "date": "2018-02-01",
      "geo": "ES",
      "value": 100.1
    },
    {
      "date": "2018-03-01",
      "geo": "ES",
      "value": 99.65
    },
    {
      "date": "2018-04-01",
      "geo": "ES",
      "value": 105.63
    },
    {
      "date": "2018-05-01",
      "geo": "ES",
      "value": 105.23
    },
    {
      "date": "2018-06-01",
      "geo": "ES",
      "value": 108.47
    },
    {
      "date": "2018-07-01",
      "geo": "ES",
      "value": 115.84
    },
    {
      "date": "2018-08-01",
      "geo": "ES",
      "value": 99.9
    },
    {
      "date": "2018-09-01",
      "geo": "ES",
      "value": 100.4
    },
    {
      "date": "2018-10-01",
      "geo": "ES",
      "value": 89.19
    },
    {
      "date": "2018-11-01",
      "geo": "ES",
      "value": 98.62
    },
    {
      "date": "2018-12-01",
      "geo": "ES",
      "value": 106.91
    },
    {
      "date": "2019-01-01",
      "geo": "ES",
      "value": 100.47
    },
    {
      "date": "2019-02-01",
      "geo": "ES",
      "value": 100.51
    },
    {
      "date": "2019-03-01",
      "geo": "ES",
      "value": 98.77
    },
    {
      "date": "2019-04-01",
      "geo": "ES",
      "value": 99.36
    },
    {
      "date": "2019-05-01",
      "geo": "ES",
      "value": 114.24
    },
    {
      "date": "2019-06-01",
      "geo": "ES",
      "value": 105.17
    },
    {
      "date": "2019-07-01",
      "geo": "ES",
      "value": 101.51
    },
    {
      "date": "2019-08-01",
      "geo": "ES",
      "value": 89.81
    },
    {
      "date": "2019-09-01",
      "geo": "ES",
      "value": 86.22
    },
    {
      "date": "2019-10-01",
      "geo": "ES",
      "value": 96.92
    },
    {
      "date": "2019-11-01",
      "geo": "ES",
      "value": 100.67
    },
    {
      "date": "2019-12-01",
      "geo": "ES",
      "value": 106.34
    },
    {
      "date": "2020-01-01",
      "geo": "ES",
      "value": 103.76
    },
    {
      "date": "2020-02-01",
      "geo": "ES",
      "value": 101.48
    },
    {
      "date": "2020-03-01",
      "geo": "ES",
      "value": 90.41
    },
    {
      "date": "2020-04-01",
      "geo": "ES",
      "value": 83.56
    },
    {
      "date": "2020-05-01",
      "geo": "ES",
      "value": 78.37
    },
    {
      "date": "2020-06-01",
      "geo": "ES",
      "value": 83.71
    },
    {
      "date": "2020-07-01",
      "geo": "ES",
      "value": 97.24
    },
    {
      "date": "2020-08-01",
      "geo": "ES",
      "value": 97.03
    },
    {
      "date": "2020-09-01",
      "geo": "ES",
      "value": 98.09
    },
    {
      "date": "2020-10-01",
      "geo": "ES",
      "value": 94.79
    },
    {
      "date": "2020-11-01",
      "geo": "ES",
      "value": 105.13
    },
    {
      "date": "2020-12-01",
      "geo": "ES",
      "value": 115.24
    },
    {
      "date": "2021-01-01",
      "geo": "ES",
      "value": 110.71
    },
    {
      "date": "2021-02-01",
      "geo": "ES",
      "value": 107.23
    },
    {
      "date": "2021-03-01",
      "geo": "ES",
      "value": 112.27
    },
    {
      "date": "2021-04-01",
      "geo": "ES",
      "value": 119.69
    },
    {
      "date": "2021-05-01",
      "geo": "ES",
      "value": 124.92
    },
    {
      "date": "2021-06-01",
      "geo": "ES",
      "value": 125.81
    },
    {
      "date": "2021-07-01",
      "geo": "ES",
      "value": 131.33
    },
    {
      "date": "2021-08-01",
      "geo": "ES",
      "value": 119.88
    },
    {
      "date": "2021-09-01",
      "geo": "ES",
      "value": 110.1
    },
    {
      "date": "2021-10-01",
      "geo": "ES",
      "value": 103.7
    },
    {
      "date": "2021-11-01",
      "geo": "ES",
      "value": 113.36
    },
    {
      "date": "2021-12-01",
      "geo": "ES",
      "value": 118.07
    },
    {
      "date": "2022-01-01",
      "geo": "ES",
      "value": 118.31
    },
    {
      "date": "2022-02-01",
      "geo": "ES",
      "value": 115.3
    },
    {
      "date": "2022-03-01",
      "geo": "ES",
      "value": 117.73
    },
    {
      "date": "2022-04-01",
      "geo": "ES",
      "value": 123.17
    },
    {
      "date": "2022-05-01",
      "geo": "ES",
      "value": 130.86
    },
    {
      "date": "2022-06-01",
      "geo": "ES",
      "value": 127.79
    },
    {
      "date": "2022-07-01",
      "geo": "ES",
      "value": 131.59
    },
    {
      "date": "2022-08-01",
      "geo": "ES",
      "value": 119.63
    },
    {
      "date": "2022-09-01",
      "geo": "ES",
      "value": 113.68
    },
    {
      "date": "2022-10-01",
      "geo": "ES",
      "value": 102.64
    },
    {
      "date": "2022-11-01",
      "geo": "ES",
      "value": 112.8
    },
    {
      "date": "2022-12-01",
      "geo": "ES",
      "value": 113.54
    },
    {
      "date": "2023-01-01",
      "geo": "ES",
      "value": 106.87
    },
    {
      "date": "2023-02-01",
      "geo": "ES",
      "value": 100.96
    },
    {
      "date": "2023-03-01",
      "geo": "ES",
      "value": 100.39
    },
    {
      "date": "2023-04-01",
      "geo": "ES",
      "value": 102.52
    },
    {
      "date": "2023-05-01",
      "geo": "ES",
      "value": 105.44
    },
    {
      "date": "2023-06-01",
      "geo": "ES",
      "value": 105.8
    },
    {
      "date": "2023-07-01",
      "geo": "ES",
      "value": 111.38
    },
    {
      "date": "2023-08-01",
      "geo": "ES",
      "value": 103.29
    },
    {
      "date": "2023-09-01",
      "geo": "ES",
      "value": 95.46
    },
    {
      "date": "2023-10-01",
      "geo": "ES",
      "value": 96.69
    },
    {
      "date": "2023-11-01",
      "geo": "ES",
      "value": 100.66
    },
    {
      "date": "2023-12-01",
      "geo": "ES",
      "value": 107.91
    },
    {
      "date": "2024-01-01",
      "geo": "ES",
      "value": 107.96
    },
    {
      "date": "2024-02-01",
      "geo": "ES",
      "value": 111.07
    },
    {
      "date": "2024-03-01",
      "geo": "ES",
      "value": 109.4
    },
    {
      "date": "2024-04-01",
      "geo": "ES",
      "value": 114.21
    },
    {
      "date": "2024-05-01",
      "geo": "ES",
      "value": 101.77
    },
    {
      "date": "2024-06-01",
      "geo": "ES",
      "value": 118.14
    },
    {
      "date": "2024-07-01",
      "geo": "ES",
      "value": 119.4
    },
    {
      "date": "2024-08-01",
      "geo": "ES",
      "value": 114.83
    },
    {
      "date": "2024-09-01",
      "geo": "ES",
      "value": 106.36
    },
    {
      "date": "2024-10-01",
      "geo": "ES",
      "value": 96.71
    },
    {
      "date": "2024-11-01",
      "geo": "ES",
      "value": 108.18
    },
    {
      "date": "2024-12-01",
      "geo": "ES",
      "value": 120.04
    },
    {
      "date": "2025-01-01",
      "geo": "ES",
      "value": 117.72
    },
    {
      "date": "2025-02-01",
      "geo": "ES",
      "value": 116.51
    },
    {
      "date": "2025-03-01",
      "geo": "ES",
      "value": 116.83
    },
    {
      "date": "2025-04-01",
      "geo": "ES",
      "value": 120.59
    },
    {
      "date": "2025-05-01",
      "geo": "ES",
      "value": 120.15
    },
    {
      "date": "2025-06-01",
      "geo": "ES",
      "value": 125.3
    },
    {
      "date": "2025-07-01",
      "geo": "ES",
      "value": 129.18
    },
    {
      "date": "2025-08-01",
      "geo": "ES",
      "value": 119.16
    },
    {
      "date": "2025-09-01",
      "geo": "ES",
      "value": 110.63
    },
    {
      "date": "2025-10-01",
      "geo": "ES",
      "value": 103.4
    },
    {
      "date": "2025-11-01",
      "geo": "ES",
      "value": 113.34
    },
    {
      "date": "2025-12-01",
      "geo": "ES",
      "value": 121.69
    },
    {
      "date": "2026-01-01",
      "geo": "ES",
      "value": 114.65
    },
    {
      "date": "2026-02-01",
      "geo": "ES",
      "value": 114.64
    },
    {
      "date": "2026-03-01",
      "geo": "ES",
      "value": 110.63
    }
  ]
}