Spain's housing price rose 4.3% in 2021, after rising 7.5% in December compared to the same month last year.

According to data published by the consulting firm Tinsa, despite the upturn, "prices are still far from the peaks recorded just before the outbreak of the financial crisis in 2008, a detail that, in the opinion of Cristina Arias, director of the research department of the valuation company, makes it possible to rule out, along with other factors, the formation of a new real estate bubble.

The current national average price is 1,405 euros per square meter, 28.9% below 2007 levels, says the study released last week. On the Mediterranean coast, the difference widens to 37.91 PT2T, and in metropolitan areas, to 36.31 PT2T.

Meanwhile, the islands, as a category, are the closest areas to pre-bubble prices, although they are still 10.8% below. In the capital cities and major cities they are 28% cheaper than then.