HE price living space Stable, with prices increasing by 3.6% in the second quarter of the yearThat’s in line with the increase recorded three months ago, according to data released this Thursday by the National Institute of Statistics (INE).
Despite the decline in other indicators of the real estate sector due to the rise in interest rates, the price remained at positive values and increased by 0.1% in this second quarter compared to the previous quarter.
Between April and June of this year, it was once again new housing that increased its price the most with 7.7% on an annual basis. This figure recorded the largest increase since the second quarter of 2022. The lowest rate of the last two years with 2.9%.
With this new annual increase, the price of housing chains 37 quarters up In a context where interest rates are raised to reduce inflation, and the resulting increase in the cost of financing slows purchases and mortgage issuance.
2.1% more expensive
In addition to the annual increase, housing prices also INCREASED 2.1 PERCENT IN THE SECOND QUARTER OF THE YEAR Biggest progress since the beginning of 2022 compared to the previous quarter. On this occasion, according to housing types was the second-handCompared to the period between January and March, this rate was 2.2%.
Likewise, new house prices increased by 1.7% on a quarterly basis.
This increase comes after housing prices became more expensive by 3.5% year-on-year in the first quarter of the year and increased nine years in a row, realizing the biggest increase since 2007 in the whole of 2022. At the end of the year, the quarterly decline was 0.8 percent.
in all communities
House prices announced positive annual rates in all autonomous communities in the second quarter of the year.
The largest increases occurred in the autonomous cities of Ceuta and Melilla. 6.2% and 6.1%, respectively. Increases in Navarra (5.6%) were also noted above average; Cantabria (4.7%); Andalusia and the Canary Islands (4.5% in both cases) and the Community of Madrid (4.1%). In the Community of Valencia, prices rose 3.5%, while in the Balearic Islands and Catalonia prices rose 3.2%, respectively. Murcia (1.4%), Extremadura (1.8%) and Castilla-La Mancha (2%) recorded the lowest annual increases.
All communities also experienced increases compared to the previous quarter; Extremadura (3%), Castilla-La Mancha (2.9%) and Andalusia (2.7%) take the lead.