Inisghts & Publications

IMIE: Residential Report Q1 2026

The Spanish housing market continues to face strong upward pressure on prices. In the first quarter of the year:

- The **average price** of completed housing (new and previous owned) recorded year-on-year growth of **+14,3%**. 
- The current **price level** remains 34% below the 2007 peak and 32% above the 2008 downfall, **consolidating** the **expansionary phase**. 
- Price increases remain widespread, with greater quarterly increase in **Madrid, Valencia, Castilla La Mancha, Canarias** and **Cantabria**. 
- Supply remains insufficient, despite a **+19,6%** increase in projects for **new construction**. 
- Pressure on the **purchase effort ratio**, which reaches 34% nationally and exceeds **+50%** in key metropolitan areas. 

Full report [here](https://www.tinsa.es/en/reports/imie-local-markets/quarterly/ ).

Troostwijk Internaitional Cost Index 2026

CTE 2026: New requirements for building life cycle and renovation in Spain

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Troostwijk Internaitional Cost Index 2026 

Troostwijk by Accumin analyses global trends in construction costs and machinery production costs as a decision supporting tool for the insurance and real estate sectors. 

**2018-2025 evolution**: pandemic, labour shortages and geopolitical conflicts triggered a profound structural shift in the insurance and valuation sector. 
- A significant cost crisis emerged in 2021, following a period of moderate inflation. 
- As a result, the declared and insured valuations of assets quickly became outdated. 
- Cost developments were not homogeneous, increasing complexity of risk management. 

In **2025**: cost divergences were particularly pronounced, reflecting the uneven impact of inflation, energy prices, wages and global supply chains. 
- Both construction costs and machinery production costs increased by 4,1% globally, while maintaining a high degree of regional dispersion. 
- Marked differences in the case of construction, where increases ranged from the minimum of 2,7% in Australia and New Zealand to a peak of 9,2% in Africa. 
- In machinery production, growth was moderate in Europe with 1,8% and significantly higher in Africa with 9,8%. 



| **Costs** | **Africa** | **Asia** | **A & NZ** | **Europe** | **Latam** | **EEUU & Canada** |
| --- | --- | --- | --- | --- | --- | --- |
| Machinery Production | 185.2 | 148.3 | 129.9 | 128.8 | 139.7 | 136.9 |
| Construction | 194.8 | 148.8 | 144.9 | 147.2 | 147.8 | 148.2 |

**Outlook for 2026**: data is suggesting a slowdown after the exceptional price growth experienced in recent years. 
- Persistent geopolitical risks, currently linked to the conflict in the Middle East, continue to pose potential impacts on inflation and price dynamics. 
- The economic slowdown already visible in some parts of Europe, could also generate deflationary pressures.

Forecast of average increases: 


| **Costs** | **Africa** | **Asia** | **A & NZ** | **Europe** | **Latam** | **EEUU & Canada** |
| --- | --- | --- | --- | --- | --- | --- |
| Machinery Production | 8% | 4.7% | 2.6% | 1.5% | 2% | 4% |
| Construction | 8.6% | 4.6% | 3.1% | 3.1% | 3.6% | 3.6% |

Full report [here](https://www.troostwijk.nl/en/research/international-indices/).


on-geo by Accumin earns ISO 14001

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New-build Housing Report Spain 2026 

**The 2026 New-Build Housing Report for Spain**, conducted by **Tinsa by Accumin Spain**, studies the evolution of new-build residential market. The study highlights the growing imbalance between strong demand and limited supply. 
Total sales in 2025 have been pushed to decade-high levels due to significant population growth since 2021, combined with lower mortgage costs, resilient employment and recovering purchasing power. However, new-build specific transactions remain limited and insufficient to address the accumulated deficit. 


- The strongest **price increase variations of +14,1%**, were recorded in Cantabria and Asturias, while minimal variation of -5,4% was recorded in Extremadura. 
- At the same time, **foreign buyers** account for **10%** of total transactions and 6% of new-build purchases. 
- In 2025, **new-build housing prices** rose by **+10,4%** year-on-year, with average values 43% above second-hand housing. 
- Theoretical **purchase effort ratio** for new housing exceeds **45%** in Balearic Islands, Andalucía, Valencia and Cantabria.

At **Accumin**, through rigorous data analysis, we provide buyers and investors with deep market understanding and actionable insights that enable them to make strategic decisions with greater clarity and confidence.

Access full report [here](https://www.tinsa.es/en/reports/promotoras/informe-vivienda-de-obra-nueva-2026/ ). 


Zero Consulting by Accumin gets BREEAM certification

MIPIM 2026 helps boosting Accumin's international reach

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New-build Housing Report Spain 2026

Housing in Mexico 2026: Contrasts and opportunities

The housing market in Mexico has entered 2026 with signs of transformation. In the metropolitan areas of Monterrey, Guadalajara and Mexico City, the availability of construction projects continues to decrease, what increases pressure on prices. 

Most notable trends include: 

- Supply shortage. The limited launch of new projects drives exploitation of existing land, reducing space of units offered but maintaining affordable prices. 
- Prices growth, with upward tendency, due to the stagnant housing supply. 
- Emerging submarkets. The saturation of traditional areas shift investment towards new zones with development potential. 
- Expansion of Multifamily rent, which provides a professional and centralized model of rent management as a safer alternative to traditional renting. 
- Centrality as a decisive factor, with location and commuting times becoming priorities for consumers. 
- Cautious and selective buyer profile, influenced by economic conditions. 
- Ticket price as a guiding reference, with reductions of space offered to keep prices competitive. 


The study describes a heterogeneous outlook for 2026, highlighting emerging opportunities within a global environment of constrained supply. 

Complete analysis [here](https://www.tinsamexico.mx/tendencias-para-el-2026-en-el-mercado-de-vivienda-un-ano-de-contrastes-y-oportunidades/).

Troostwijk Index 2026: slight price increase in construction and industry in the Netherlands

Accumin Condition Survey: Buy with criteria

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IMIE: Residential Report Q4 2025 

The Spanish residential market maintains a solid tone. In the fourth quarter of 2025: 
- The **average price** of completed housing (new and previously owned) grew by **13,1%** year-on-year. 
- Price increases remain widespread, with intensity in employment hubs and tourist destinations, in this case **Madrid, Valencian Community, Cantabria** and **Balearic Islands**. 
- **Demand**, remaining firm, reflects a **slowdown in growth** from both resources, purchases and mortgages.  
- **Construction activities** have grown **+6,5%** year to year, but remains to be insufficient. 
- National **purchase effort ratio** stands at 34% and exceeds **50%** in main urban and touristic markets. 

Full report [here](https://www.tinsa.es/en/reports/imie-local-markets/imie-mercados-locales-4o-trimestre-2025-131/). 

Tinsa by Accumin once again leads Spain’s valuation and appraisal ranking

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IMIE: Residential Report Q3 2025

The Spanish residential market is accelerating its **upward cycle**. In the third quarter of the year: 
- The **average value** of a new and existing housing increased by **+11,7%** year-on-year. 
- The strongest price increases are concentrated in employment hubs and tourist destinations as **Madrid** and cities in the **Mediterranean coast**. 
- Residential demand remains at post-bubble maximum levels, with housing **transactions** up to **+19,7%**. 
- **Construction activity** grew by **+7,6%** year on year, although the activity supplied remains insufficient. 
- The **house-purchase effort ratio** stands at 35% nationwide and exceeds **40%** in provinces such as Madrid, Málaga and Balearic Islands. 

Full report [here](https://www.tinsa.es/en/reports/imie-local-markets/imie-mercados-locales-3o-trimestre-2025-117/).

Where are the opportunities in Latin America’s residential markets?

Accumin appoints Marcel Beyer as new Global Head of Software

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Spain’s coastal market remains resilient, according to the Coastal Property 2025 report

The latest **Coastal Property 2025 report**, prepared by **Tinsa España by Accumin** and **Accumin Intelligence**, analyses the evolution of Spain’s coastal residential market and confirms its continued strength in a changing economic environment.

Foreign demand remains a key driver. In 2024, purchases by international buyers in coastal provinces increased by **2.5%**, while overall home sales across Spain also showed positive momentum over the past year.

Coastal areas continue to concentrate most foreign transactions. Around **83% of foreign purchases** were completed in coastal locations, with a strong presence in the Islands and along the Mediterranean coast. Within this trend, the report identifies contrasting dynamics. Foreign demand declined in the Balearic Islands, while the **North Coast of Spain recorded notable growth**.



The profile of international buyers is also becoming more diverse. Alongside traditional demand from the UK and Germany, interest is increasing from the Netherlands, Poland, the United States and China. The analysis highlights that foreign residents and non-residents tend to seek different types of properties, influencing local market dynamics.

Investor interest in holiday rentals remains significant. According to **71% of Tinsa’s expert valuers** who contributed to the report, investment purchases linked to short-term rentals have increased in coastal markets.

At **Accumin**, we analyse these dynamics to support buyers and investors with clear information and grounded advice. In markets as active and segmented as Spain’s coastal regions, clarity is essential for sound decision-making.

The [full report](https://www.accumin.com/intelligence/insights/reports/spain-coastal-housing-2025-report-real-estate-intelligence-to-anticipate-the-market) is available in Spanish. An English version will be released soon.


Spain’s residential market heats up in 2025, with rising prices and growing territorial disparities

Tinsa Chile by Accumin achieves ISO/IEC 27001 certification

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The latest analysis conducted by **Accumin Intelligence** in collaboration with **Tinsa Spain** confirms increasing upward pressure on residential property prices in 2025, alongside a growing territorial imbalance across the Spanish market.

Data for the **second quarter of the year** point to particularly strong performance in a significant number of cities and prime or tourist-driven locations. In total, **34 province capitals recorded year-on-year price increases above 5%**, highlighting the strength of demand in major urban areas.

Several municipalities stand out for their exceptional momentum, including **Benidorm**, with a **19.6% annual increase**, and **Marbella**, where prices rose by **17.2%.** In **Madrid**, residential prices continue to show strong growth, increasing by **16.1% year-on-year** and **4.4% compared to the previous quarter**.

At a regional level, the analysis reveals that **only 12 autonomous communities posted quarterly increases above 2%**, underlining the uneven evolution of the residential market across Spain.

The **national average theoretical affordability ratio**, measuring the share of household income required to purchase a home, stands at **34.1%**, indicating sustained pressure on housing affordability.

At Accumin Intelligence, these insights are transformed into **strategic market knowledge**, supporting better-informed decision-making across investment and financing in an increasingly complex real estate market environment.

Price per square metre in Chile continues to rise in new housing despite stabilisation in total values

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According to **Felipe García Bunster**, Head of South Latam at **Tinsa by Accumin**, the **total value of new residential properties in Chile has remained broadly stable since 2019**, while the **price per square metre continues to increase at an annual rate of around 7%.**

This trend is partly explained by **a gradual reduction in average dwelling sizes**, as the market adapts to tighter economic conditions. However, smaller homes do not necessarily translate into improved affordability, as financial pressure on households remains significant.

The analysis also points to a **growing preference for renting over buying**, alongside a closer alignment of supply with buyers’ real payment capacity. In **high-demand areas**, such as the **Metropolitan Region**, these adjustments are particularly pronounced.

In contrast, regions where prices remain relatively lower may still experience **further upward pressure**, highlighting the uneven evolution of the residential market across regions.

These insights support a deeper understanding of market dynamics and enable more informed decision-making across the real estate sector.


Real Estate price transparency

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Tinsa Spain IMIE local markets Q2 2025

The Spanish property market consolidates its growth. In the second quarter of the year:

-	The average price of new and second-hand homes rose by **9.8% year-on-year**.
-	**Madrid** leads the way with an increase of **16.1%**, followed by the Balearic Islands, Malaga and Valencia.
-	The provinces surrounding Madrid, such as Toledo and Guadalajara, grew by over **7%**.
-	Supply remains insufficient: completed homes fell by **7.9%**, despite the increase in building permits.
-	In **seven provinces**, the purchase effort exceeds **40% of income**. In Malaga, it reaches **58%.**


Download the full report and make informed decisions

At Accumin, we convert this data into actionable intelligence for banks, investors and operators in the sector.

Spanish shore housing report 2025

Tinsa Colombia by Accumin achieves ISO/IEC 27001:2022 certification

Leave us your details to access the full report.

Download the Full Report

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A data-driven view to understand what’s driving Spain’s second-home market today.
##### 

The research team of **Accumin Intelligence** has analysed more than 150 coastal zones to provide a rigorous overview of market behaviour in this key segment.

Here are some of the standout findings:

- Average coastal price up +7.2% YoY
- Scarcity of new builds boosts values in premium areas
- 32 municipalities surpass pre-crisis peak prices
- Northern Coast leads in transaction growth

A must-read for real estate professionals, financial institutions, and investors seeking clarity and foresight.


Access the full report

on-geo days 2025: insights, perspectives and connections from across the industry

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Tinsa Spain IMIE local markets Q1 2025

The IMIE Local Markets statistics show the evolution of the unit market value of housing in each of the Autonomous Communities, provinces and capitals of Spain, based on the appraisals of completed free market housing carried out by the company in the period analyzed.

The average price of new and used housing in Spain increased by 7.5% year-on-year in the first quarter (+4.7% in real terms, discounting the effect of inflation).

New construction report Spain 2025

Accumin awarded Bronze Medal from EcoVadis for sustainability performance

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The real estate sector is constantly evolving and understanding its trends is key to making strategic decisions.

The new report “New Construction Housing 2025”, prepared by experts from Tinsa by Accumin's Research Department, will provide you with a detailed analysis of the evolution of prices and developer activity from 2021.

In this report you will discover:
- Average price of new construction housing by Autonomous Communities, Provinces, Capitals and relevant municipalities, and employment poles and metropolitan areas of Madrid and Barcelona.
- Evolution of building permits and new construction sales and purchases.
- Energy efficiency of the residential stock.

Accumin sponsors NPL Europe in London

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An overview of mortgage lending in 2024 in México

According to the analysis "Real Estate Market Outlook 2025" prepared by Tinsa Mexico by Accumin, Nuevo León led the country in mortgage loan issuance in 2024 with 13.1% of the total, followed by Jalisco (9.3%) and the State of Mexico (6.9%). The share of these three states in loan issuance was very similar to that of 2023.

The states of Quintana Roo, Guanajuato, Baja California, and Querétaro are in the following positions, leaving Mexico City in eighth place.


By type of housing, used homes have gained ground in states such as Mexico City, the State of Mexico, and Baja California Sur, where they represent more than 55% of the number of loans issued. 

By segment, the largest percentage of mortgage loans are for traditional and mid-range housing. Second-hand property is particularly prevalent in the traditional segment, while new homes are particularly prevalent in the mid-range segment. 


By age group, 42% of those who took out a loan were between 25 and 34 years old, followed by those between 35 and 44 years old at 31.1%, and those between 45 and 54 years old at 16.1%. In 2023, a similar share will be among those between 24 and 34 years old, with the participation of young people becoming a trend that stimulates demand and the type of real estate offering.

According to economic analysts, the GDP outlook for 2025 will be conservative, with a 1.0% to 1.2% growth rate, as is traditional at the start of a new six-year term, coupled with external economic and political conditions that could influence the Mexican economy.


Mortgage lending is also expected to grow conservatively with stable interest rates.

At Tinsa by Accumin, our purpose is to empower people and companies to grow by making the best decisions in a constantly evolving market. Our goal is to provide precision, clarity, innovation, and build trust with our clients, identifying opportunities and risks that might otherwise go unnoticed.

- **[Original news link](https://www.tinsamexico.mx/radiografia-de-la-colocacion-de-creditos-hipotecarios-en-2024/)** 
- **[Radiografía 2024 (Spanish only)](https://www.tinsamexico.mx/#flipbook-df_42618/1/)** 

Real Estate market trends for 2025: Tinsa Mexico by Accumin

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An overview of mortgage lending in 2024 in Mexico

2025 will be a stable year, although with challenges. At Tinsa México by Accumin, we expect sales growth in the housing market of 2.5% to 3%, driven by the following trends:

- Sales growth in the housing market is expected to be 2.5%.
- Institutional income is positioned as an organized alternative to the traditional income market.
- The retail market is starting to get busier.
- **Changes in the composition of the housing segment** - Currently, new housing development is concentrated in residential segments, although there is unmet demand in social sectors, creating an area of opportunity.
- **The sustainability theme is gaining momentum** - Green mortgages and their preferential rates will be an area of opportunity for both bridge loans and mortgages, so emphasis will be placed on seeking LED certifications and other sustainability issues. By the end of 2024, projects with a sustainability certification such as EDGE or LEED will represent less than 5% of active projects, clearly representing an area of opportunity.
- **Institutional rental market boom** - Also known as "multifamily," institutional rentals are positioning themselves as an organized alternative to the traditional rental market, known as the "shadow market," in areas with high capital gains, generating good investment opportunities.
- **Ticket Price above the value per square meter** - The value per square meter is still relevant. However, the Ticket Price has become a crucial factor for developers to stay in the market. In many cases, the size of the home is reduced to maintain a competitive Ticket Price.
- **Downsizing** - Over the last decade, the average home size has shrunk by more than 20m², due to economic and market factors. We've moved from ideal properties of between 90 and 110m² to more compact units, especially in central areas of large cities, in line with current ticket prices.
- **Young people's share of demand** - The increase in demand from young families is changing the type of property. This group is seeking well-located properties, both for rent and for sale, close to parks, gyms, shopping centers, and restaurants, sacrificing size.
- **Efficient amenities** - Efficient amenities that don't generate high maintenance costs are currently in demand. Amenities that create community and compensate for the small size of properties are favored. Walking distance will be a key factor in development.

##### Expansion of the retail market

After difficult years as a result of the pandemic, the retail sector is beginning to see more activity. We're seeing shopping centers with more occupied stores, lines of people shopping, and new brands are arriving in Mexico. The balance between online and physical commerce has been consolidated.

Accumin and IESE prove the link between energy efficiency and home value in Spain

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The housing energy rating (CEV) will be a requirement for new homes in Chile

Starting October 5, 2025, the Housing Energy Rating (CEV) will be mandatory for new construction, as decreed by the Ministry of Housing and Urban Development (MINVU). Applications for building permits or preliminary projects must include this certification for approval.

According to Felipe García, director of Tinsa by Accumin South Latam, this is an opportunity for new homes to distinguish themselves as more attractive and sustainable alternatives. “In the short term, there may be necessary adjustments to construction processes, but in the long term, the CEV will strengthen the real estate market, especially benefiting young buyers interested in sustainability and energy savings,” he explained.

Experience in other countries, such as Spain, supports this initiative, as homes with better energy ratings have gained preference thanks to their lower long-term operating costs.
However, it is not without challenges. Construction costs may initially increase, particularly in the affordable housing segment. “This could be reflected in an increase in the final price, although it represents an investment toward a more competitive and sustainable market,” García said


Inisghts & Publications

@Accumin2025