Imofolio
Sign inGet started for free

Melilla · report

Past price cycles in Melilla

Appraised values have fallen by 3% or more 3 times since 2013. The deepest began in Q2 2014.

Deepest fall
−5.2%
Recovery from the low
30 months

Prices in Melilla and in Spain, indexed

Appraised values, both set to 100 in Q4 2013.

  • Melilla
  • Spain
  • 100 = Q4 2013
Show the numbers
PeriodMelillaSpain
Q2 2026146.1160.5
Q1 2026143.3157.9
Q4 2025140.6152.0
Q3 2025134.7146.8
Q2 2025134.6142.7
Q1 2025128.6138.6
Q4 2024129.3134.4
Q3 2024126.1131.0
Q2 2024129.4129.2
Q1 2024129.2127.2
Q4 2023124.7125.6
Q3 2023127.8123.6
Q2 2023122.5122.2
Q1 2023121.4121.9
Q4 2022122.5119.2
Q3 2022118.0118.6
Q2 2022119.6118.7
Q1 2022117.3118.2
Q4 2021112.8115.5
Q3 2021114.7113.3
Q2 2021114.0112.4
Q1 2021111.2110.8
Q4 2020111.9110.6
Q3 2020113.7110.4
Q2 2020111.2109.8
Q1 2020109.7111.8
Q4 2019112.6112.7
Q3 2019108.9111.7
Q2 2019110.8111.6
Q1 2019113.9111.5
Q4 2018111.3110.4
Q3 2018108.4108.4
Q2 2018108.9108.2
Q1 2018105.1106.8
Q4 2017102.7106.3
Q3 2017106.2105.0
Q2 2017106.2104.3
Q1 2017104.8104.0
Q4 2016101.6103.1
Q3 2016100.8102.2
Q2 201699.1102.7
Q1 2016100.5101.7
Q4 201598.8101.6
Q3 201599.1100.6
Q2 201596.8100.7
Q1 2015101.699.4
Q4 2014100.599.7
Q3 201496.699.2
Q2 2014101.999.5
Q1 201499.199.5
Q4 2013100.0100.0

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
Q2 2014Q3 2014−5.2%330
Q3 2017Q4 2017−3.3%36
Q1 2019Q3 2019−4.4%621

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 Melilla

Affordability

At the average appraised value, a 90 m² home costs €194,805. With 10% down and a 30-year mortgage, the payment is €743 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.

Payment, two incomes
25%
Payment, one income
50%

Buy or rent

Owning a 90 m² home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the appraised value; rent is the mean of new leases. Repaying the loan is saving, so it is left out.

Rent per month
€794
Owning per month
€689

New homes

Figures for Spain: Melilla has no reliable figures of its own.

42.5% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
146,376

Foreign buyers

Buyers living abroad bought 0.8% of the homes sold here in the four quarters to Q2 2026.

Bought by buyers abroad, 12 months
0.8%

Empty homes

10.0% of the 29,347 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
10.0%
Empty homes
2,946