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Galdakao · report

Past price cycles in Galdakao

Appraised values have fallen by 3% or more 5 times since 2019. The deepest began in Q2 2022.

Deepest fall
−8.2%
Recovery from the low
15 months

Prices in Galdakao and in Spain, indexed

Appraised values, both set to 100 in Q4 2019.

  • Galdakao
  • Spain
  • 100 = Q4 2019
Show the numbers
PeriodGaldakaoSpain
Q2 2026141.9142.5
Q1 2026146.3140.1
Q4 2025137.4134.9
Q3 2025127.2130.3
Q2 2025124.4126.7
Q1 2025113.4123.0
Q4 2024115.2119.3
Q3 2024115.2116.2
Q2 2024113.5114.7
Q1 2024104.8112.9
Q4 2023108.8111.5
Q3 2023106.0109.7
Q2 2023109.3108.5
Q1 2023103.1108.2
Q4 2022110.1105.8
Q3 2022110.6105.3
Q2 2022112.3105.3
Q1 2022108.2104.9
Q4 2021104.8102.5
Q3 202199.3100.5
Q2 2021104.599.8
Q1 202199.698.3
Q4 2020102.098.2
Q3 202096.698.0
Q2 2020100.197.4
Q1 202092.899.2
Q4 2019100.0100.0

Every fall of 3% or more

From the peak to the lowest month after it, and how long prices took to get back.

PeakLowFallMonths fallingMonths to recover
Q4 2019Q1 2020−7.2%33
Q2 2020Q3 2020−3.5%33
Q2 2021Q3 2021−4.9%33
Q2 2022Q1 2023−8.2%915
Q1 2026Q2 2026−3.0%3Not yet

Spain against the EU since 2015

Eurostat's house price index for all dwellings, 2015 = 100. National figures, comparable across member states.

  • Spain
  • EU
  • 2015 = 100
Show the numbers
PeriodSpainEU
Q2 2026200.6168.6
Q1 2026194.1166.5
Q4 2025187.5164.6
Q3 2025184.1163.5
Q2 2025178.9161.0
Q1 2025172.0158.5
Q4 2024166.1156.2
Q3 2024163.1155.1
Q2 2024158.6152.7
Q1 2024153.2149.8
Q4 2023149.1148.9
Q3 2023150.7149.1
Q2 2023147.0148.2
Q1 2023144.0147.6
Q4 2022143.0148.7
Q3 2022144.2150.9
Q2 2022141.7149.6
Q1 2022139.1146.2
Q4 2021135.6143.2
Q3 2021133.9140.2
Q2 2021131.2136.0
Q1 2021128.1132.1
Q4 2020127.6129.8
Q3 2020128.6128.1
Q2 2020127.0126.3
Q1 2020126.9124.4
Q4 2019125.4122.7
Q3 2019126.3121.5
Q2 2019124.3119.8
Q1 2019122.9117.6
Q4 2018121.0116.8
Q3 2018120.5115.9
Q2 2018117.9114.2
Q1 2018115.0112.3
Q4 2017113.4111.2
Q3 2017112.4110.4
Q2 2017110.4108.8
Q1 2017108.2106.9
Q4 2016105.8106.1
Q3 2016105.4105.4
Q2 2016104.6103.8
Q1 2016102.7102.0
Q4 2015101.3101.1
Q3 2015101.3100.8
Q2 2015100.799.8
Q1 201596.798.3

Appraised values go back to 1995 for Spain, its regions and provinces, and to 2005 for municipalities over 25,000 inhabitants. They are quarterly, so falls are dated by quarter. A fall counts once values drop 3% below a peak, and ends when they are back at it.

Other reports for Galdakao

Affordability

At the average appraised value, a 90 m² home costs €257,481. With 10% down and a 30-year mortgage, the payment is €982 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.

Payment, two incomes
22%
Payment, one income
44%

New homes

Figures for Bizkaia province: Galdakao has no reliable figures of its own.

41.9% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
1,833

Foreign buyers

Figures for Bizkaia province: Galdakao has no reliable figures of its own.

Buyers living abroad bought 0.4% of the homes sold here in the four quarters to Q2 2026.

Bought by buyers abroad, 12 months
0.4%

Empty homes

3.9% of the 13,683 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
3.9%
Empty homes
536