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The price of free housing rose 3.6% in the second quarter of the year compared to the same period in 2022, driven, above all, by new construction, according to the Housing Price Index (IPV) of the National Institute of Statistics ( INE) published this Thursday.
This rebound, with which 37 quarters of increases have already accumulated, is one tenth higher than that registered in the first three months of the year, when house prices rose 3.5% year-on-year.
According to Statistics, the price of new housing rose 7% year-on-year in the second quarter of the year, 1.7 points more than in the previous quarter and its highest rise since the second quarter of 2022, when it increased by 8.8%. yoy
For its part, the price of used housing increased by 2.9% in the second quarter compared to the same period in 2022, a rate one tenth lower than that of the first quarter and the lowest since the second quarter of 2021.
In the second quarter, all the autonomous communities presented positive annual rates.
Navarra, with a rate of 5.6%, is the autonomous community where the price of free housing has increased the most between the second quarter of 2022 and the same period this year.
It is followed by Cantabria, with an increase of 4.7%, and Andalucía and Canarias, both with an interannual increase in prices of 4.5%. The autonomous cities of Ceuta (6.2%) and Melilla (6.1%) also sneak into the top positions.
For their part, the most moderate year-on-year increases were registered by Murcia and Extremadura, where prices rose by 1.4% and 1.8%, respectively, compared to the second quarter of 2022.
PRICES RISE 2.1% BETWEEN APRIL AND JUNE
In the quarter-on-quarter rate (second quarter of 2023 compared to the first quarter), house prices soared 2.1%, its biggest quarterly rise since the first quarter of 2022.
By type of home, new home prices increased by 1.7% between April and June, compared to the quarterly rise of 3% experienced between January and March, while second-hand home prices increased by 2 .2%, its biggest quarterly rise in a year.
Housing prices rose between April and June in all the autonomous communities in relation to the previous quarter.
The greatest rises occurred in Extremadura (3%), Castilla-La Mancha (2.9%) and Andalucía (2.7%), while the most moderate increases occurred in the Canary Islands and Navarra (1.1% in both cases).
