Houses for Sale Quesada
The price of property in Spain in 2017 shows its highest increase since 2008
New homes are 5.5% more expensive and resale ones, 5.3%.
Housing continues to gain value day after day. The latest data to confirm this comes from the Index of Housing Price (IPV) of the National Statistics Institute (INE), which reports that the average price of free houses rose to 5.3% during the first quarter of 2017 Compared to the same period of 2016.
It is necessary to go back to the years of the boom to see a rise so high. In this way, housing prices accelerate their rate of increase by eight tenths, since between October and December 2016 the increase was 4.5%. In addition, prices add 12 consecutive quarters of increases.
By type of housing, the prices of the new one rose by 5.5% year-on-year, while in the second hand grew by 5.3%. In both cases, the highest rates since the first quarter of 2016. Meanwhile, the quarterly variation of the general BTI in the first quarter of 2017 was 2.3% - the highest growth since the second quarter of 2015. In the new work, prices climbed by 3.7% and in the used one, by 2.1%.
Petra Hönig, houses for sale in Quesada.
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