Housing prices registered its highest rise since 2019 with an increase of 4.2%

Alza and constant, thus remains the behavior of housing prices one year after the end of the worst restrictions by the pandemic and at a moment of full splendor

Housing prices registered its highest rise since 2019 with an increase of 4.2%

Alza and constant, thus remains the behavior of housing prices one year after the end of the worst restrictions by the pandemic and at a moment of full splendor in the shopping market. From average they rose 4.2% in the third quarter of this year compared to the same period of 2020, a rate nine tenths greater than that of the previous quarter and the highest of that period since 2019.

The Housing Price Index (IPV) published this Friday by the National Institute of Statistics (INE) account for a growth trend that already accumulates 30 quarters of interannual rises and that in recent months has recovered the previous vigor to Coronavirus. Restrictions and uncertainty during the worst months of the pandemic softened the rises up to 0.9% of the first quarter of 2021, the lowest rate in seven years.

By type of housing, the annual rate of new housing drops almost two points, up to 4.1%, while the variation of the second hand reaches 4.3%, almost one point and a half above the registered Quarter

At the quarterly level, the variation of the general IPV between July and September is 2.1%, while the prices of new housing rise 2.8% compared to 1.9% that do so those of second housing hand.

By communities, all autonomies presented positive interannual rates and higher than those of the previous quarter, except the Basque Country, which cut it 1.2 points, up to 1.4%.

The largest increases in the annual rate were recorded in La Rioja, Andalusia and Galicia, with rebounds of 2.8, 2.4 and 2.3 points, respectively.

The most charged interannual growths in the price of free housing in the third quarter corresponded to Canarias (+ 7%), Cantabria (+ 6.9%) and Balearic Islands (+ 6.8%). Where less have increased free housing prices in the last year is in Basque Country (+ 1.4%), Madrid (+ 2.8%) and Extremadura (+ 2.9%).

Also in inter-media terms, prices rose throughout the territory, although the highest promotions were located in Balearic (+ 4.3%), Ceuta (+ 3.7%), Andalusia (+ 3.4%) and Murcia ( + 2.7%), and minors in Extremadura (+ 0.2%), Asturias (+ 0.8%), Basque Country (+ 0.9%) and Castilla-La Mancha (+ 1%).

Date Of Update: 10 December 2021, 04:21

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