Despite the unfavourable winds, including interest rate rises, the ever-increasing cost of materials, the cooling of the economy… the price of new and second-hand housing in Spain maintained its upward momentum during the final stretch of the year and registered an increase of 2.5% in Q4 in quarterly terms (between the third and fourth quarters), which corresponds to an interannual variation of 8.8%. All of that, despite the fact that overall inflation continued to moderate in recent months with the National Institute of Statistics reporting on Friday that the CPI increase in December stood at 5.8%.
These are the first housing data to be published for the full year and they belong to Tinsa’s IMIE Local Markets statistics. All in all, the average variation in 2022 (considering the four quarters as a whole) saw an increase of 8.1%, somewhat above the annual rise in CPI.
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