House prices in Araba/Álava province

At the average appraised value, a 90 m² home costs €227,817. With 10% down and a 30-year mortgage, the payment is €869 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.

8.1% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

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

Appraised values have fallen by 3% or more 2 times since 1995. The deepest began in Q2 2006.

In 2024 the population grew by 3,354 while 557 homes were finished: 6.0 new residents for every new home.

6.5% of the 168,086 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Public bodies signed €7.8M of housing works here in 2021, and €7.8M since 2017.