Index of commercial property prices in major cities in Spain 2014-2023, per quarter
The commercial property price index in Spain, across six central business districts, fluctuated significantly between 2014 and 2023. In the first quarter of 2022, the index dropped to 92 index points, which not only marked its lowest point during this time period, but also stood at a value lower than the baseline year of 2014. The price index recovered in the following period but dropped below the baseline value in the third quarter of 2023 again, at 93 index points.