Ciudad Quesada Estate Agent
Rise in Spanish House Prices Moderates to 3.9% in Q2
According to the latest House Price Index data published by the National Statistics Institute, the price of housing in Spain increased by 3.9% year-on-year in the second quarter of the year,
This data is almost two and a half points less than the 6.3% year-on-year increase registered in the first quarter. This most recent increase represents the ninth consecutive quarter in which housing prices have registered positive year-on-year rates.
With regard to the type of dwelling, new housing prices increased by 8.4% compared to the second quarter of 2015, which is more than two points higher than the increase registered in the previous quarter (+6.1%), while the price of second hand housing rose by 3.2% year-on-year in the second quarter, which is more than three points lower than the advance recorded in the first quarter, of +6.4%.
Two consecutive quarters rising
Quarter-on-quarter (second quarter over the first quarter of 2016), housing prices in Spain increased by 1.8%, accumulating two consecutive quarters of rises.
Between April and June the price of new housing increased by 3.7% over the previous quarter, and is 1.1 points higher than the increase registered in the first quarter. Second hand housing prices rose by 1.5% quarter-on-quarter, compared with a rise of 1.3% registered in the previous quarter.
The HPI published by the National Statistics Institute is compatible with the requirements of Eurostat and complements data published on a quarterly basis by the Ministry of Development. Among its objectives is to serve as an element of comparison between the EU Member States with regard to housing prices.
Petra Honig is your Estate Agent in Ciudad Quesada.
Take a few moments to browse through our unique catalogue of properties, where you will find the latest and finest selection of properties in and around Guardamar, Quesada, Villamartin and Orihuela Costa.
Our experienced multi-lingual staff based in our head office in Ciudad Quesada on the Costa Blanca will be able to help you with every aspect of your Spanish property purchase.
In Petra Honig, from your first contact with us we will endeavour to identify your requirements and provide you with relevant options that fall within your budget and will help you find the best value for your money that is currently available when buying a Spanish property. We specialise in both Resale and Brand new homes, to suit all budgets, both on the coast of the Costa Blanca and further in land.