The price of housing increased by 3.6% in the second quarter of the year, a percentage that reached 4.5% in the Canary Islands, in line with the increase recorded three months earlier, according to data published this Thursday by the National Institute of Statistics (INE).
Despite the fall experienced by other indicators in the real estate sector due to the rise in interest rates, the price continues in positive values and in this second quarter it rose by 0.1% compared to the previous quarter.
Between April and June of this year, new housing was once again the one that increased its price the most, 7.7% year-on-year, its largest increase since the second quarter of 2022.
For its part, used housing registered an increase of 2.9%, its lowest rate in two years.
With this new year-on-year increase, the price of housing has chained 37 quarters upwards in a context marked by the rise in interest rates to curb inflation and the consequent increase in financing, which has slowed down sales and the granting of mortgages.
It becomes 2.1% more expensive compared to the previous quarter
The price of housing increased by 3.6% in the second quarter of the year, a percentage that reached 4.5% in the Canary Islands, in line with the increase recorded three months earlier, according to data published this Thursday by the National Institute of Statistics (INE).
Despite the fall experienced by other indicators in the real estate sector due to the rise in interest rates, the price continues in positive values and in this second quarter it rose by 0.1% compared to the previous quarter.
Between April and June of this year, new housing was once again the one that increased its price the most, 7.7% year-on-year, its largest increase since the second quarter of 2022.
For its part, used housing registered an increase of 2.9%, its lowest rate in two years.
With this new year-on-year increase, the price of housing has chained 37 quarters upwards in a context marked by the rise in interest rates to curb inflation and the consequent increase in financing, which has slowed down sales and the granting of mortgages.
Grows in all communities
Housing prices presented positive annual rates in the second quarter of the year in all autonomous communities.
The largest increases occurred in the autonomous cities of Ceuta and Melilla with 6.2% and 6.1%, respectively.
Above the average, the increases in Navarra (5.6%); Cantabria (4.7%); Andalusia and the Canary Islands, (4.5% in both cases), and the Community of Madrid (4.1%) also stood out.
In the Valencian Community, prices rose by 3.5%, while in the Balearic Islands and Catalonia they did so by 3.2%, respectively.
For their part, Murcia (1.4%), Extremadura (1.8%) and Castilla-La Mancha (2%) registered the smallest annual increases.
With respect to the previous quarter, there were also increases in all communities with Extremadura (3%), Castilla-La Mancha (2.9%) and Andalusia (2.7%) at the head. EFECOM
