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MADRID, 8 Sep. (EUROPA PRESS) -
The price of free housing rose 8% in the second quarter year-on-year, half a point below the growth of the previous quarter, when it registered its biggest rise in almost 15 years, according to the Housing Price Index (HPI) of the Institute National Statistics (INE) published this Thursday.
With the increase in the second quarter, the price of free housing now accumulates 33 quarters of year-on-year growth, which is equivalent to just over eight years of continuous increases.
By type of home, the price of new homes increased by 8.8% compared to the second quarter of 2021, which is 1.3 points less than the year-on-year rate registered in the first quarter of 2022.
For its part, the price of used housing increased by 7.9% in the interannual rate, three tenths below the growth experienced in the previous quarter.
BALEARIC ISLANDS LEADS THE ANNUAL INCREASE IN PRICES
In the second quarter, the interannual rate of the price of free housing decreased in all the autonomous communities except in La Rioja and the Basque Country, where it increased six and two tenths, respectively.
The greatest decreases, by contrast, occurred in Extremadura and the Canary Islands, with decreases of 1.6 and 1.5 points, respectively.
The Balearic Islands, with a rate of 10.9%, is the autonomous community where the price of free housing has increased the most between the second quarter of 2021 and the same period of this year. Andalusia follows, with an increase of 10.2%. These two communities are the only ones with double-digit year-on-year increases.
For their part, the most moderate year-on-year increases were recorded by Extremadura and Castilla-La Mancha, where prices rose by 5.3% and 6%, respectively, compared to the second quarter of 2021.
QUARTERLY GROWTH ALSO MODERATE
In quarter-on-quarter rate (second quarter over first quarter), house prices rose 1.9% between April and June, seven tenths less than in the first three months of this year. With the advance of the second quarter, there are already six consecutive quarters of increases in the price of housing.
New home prices hardly changed in the second quarter, with a quarterly increase of 0.1%, compared to the 3.2% growth experienced in the first quarter of the year. For their part, second-hand housing prices increased by 2.3% between April and June, one tenth less than what they did in the first quarter.
Housing prices rose between April and June in all the autonomous communities in relation to the previous quarter. The greatest increases occurred in the Balearic Islands (2.9%); Castilla-La Mancha and Asturias (2.5% in both cases), and in Murcia, Cantabria and Andalusia, all of them with quarterly increases of 2.4%.
At the other extreme, with the most moderate quarterly increases, are the communities of Madrid and Navarra (1.2% in both cases); Aragon (1.4%) and the Basque Country (1.5%). In the autonomous city of Ceuta, the increase was even more moderate, 1%.
