Housing prices moderate in the third quarter

this price living place re-moderated in the third quarter four tenths of the year until it is placed, an annual increase of 7.6%According to data released this Friday by the National Institute of Statistics (INE).

In addition, housing prices increased by 1.7% compared to the previous quarter, reaching the lowest rate ever this year. With this new increase, housing prices chained 34 quarters up.

Housing prices rose 8.5% in the first quarter of the year, the biggest increase since September 2007, fell to 8% in the second quarter and recovered again with 7.6% in the third quarter. For all these reasons, housing prices have increased by 6.3 percent on average since the beginning of 2022. The increase was 7.8 percent in second-hand housing and 6.8 percent in new construction..

second hand housing

this Second-hand housing was the most increased Its value between July and September, on the other hand, increased by 7.8%, one-tenth below the value recorded in the previous quarter. As a matter of fact, second-hand house prices have been increasing since the second quarter of 2014.

On the other hand, the price of the product new housing fell two pointsup to 6.8%.

Compared to the previous quarter, between the third and second quarters, new house prices increased by 0.9%, while second-hand house prices increased by 1.9%.

Cantabria leads advances

by autonomous communities, The biggest price increases took place Cantabrian (9.3%); Balearic Islands and Andalusia (8.3%, respectively); La Rioja, Canary Islands and Catalonia (8.1% in three cases); Basque Country (7.8%) and Community of Madrid (7.6%).

However, compared to the second quarter, prices showed small increases in most autonomous communities. this The biggest declines are 2.6, 2.2 and 1.9 points Balearic IslandsMurcia and Andalusiarespectively.

The Communities where prices increased the most compared to the second quarter were Basque Country, Extremadura and Catalonia with increases of 1.3, 1.2 and 0.9 points, respectively. However, the highest price increases so far this year were observed in Cantabria (8.3%); Canary Islands (7.6%); La Rioja (7.5%); Melilla (7.3%) and the Balearic Islands (7.1%).

Source: Informacion

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