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House Prices Rise by 0.1% According to Government Statistics

The House Price Index (HPI) stood at 2.1% in the second quarter, which represents an increase of 0.1% compared to the previous quarter, but a decrease of one point in interannual terms.

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The annual variation in the House Price Index (HPI) in the second quarter of the year, which coincided with the lockdown, was a reduction of more than one point to reach 2.1%. However, in quarterly terms, the general IPV increased by one tenth, according to data published on Tuesday by the National Institute of Statistics (INE).

By type of home, the rate for new homes stood at 4.2% in Q2, almost two points below the figure registered in the previous quarter. Meanwhile, the annual variation in second-hand house prices was a decrease of almost one point, to 1.8%. These annual rates, both for the general index and by type of home, are the lowest since the first quarter of 2015.

Read the full article in Spanish.

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