Free housing price increased by 8% year-on-year in the second quarter, The National Institute of Statistics (INE)’s Home Price Index (IPV) released this Thursday is half a point below the previous quarter’s growth, when it recorded its biggest recovery in nearly 15 years.
With the increase in the second quarter, the price of free housing is already accumulating 33 quarterly growthequivalent to a little more eight-year increments.
According to housing type, new house price increased by 8.8% Compared to the second quarter of 2021, that is 1.3 points less More than the annual rate recorded in the first quarter of 2022.
On your own behalf second-hand house price increased by 7.9% year-on-year, three-tenths growth in the previous quarter.
On a quarterly basis (second quarter to first quarter), house price increased 1.9% between April and June, seven-tenths less than in the first three months of this year. With the progress of the second quarter, there are already six consecutive quarters of increases in housing prices.
New house prices did not change much, with an increase of 0.1% in the second quarter compared to the 3.2% growth experienced in the first quarter of the year. Second-hand house prices, on the other hand, increased by 2.3 percent between April and June, decreasing by one tenth compared to the first quarter.