In the second quarter of this year, the Housing Price Index (IPHab) increased by 5.9% year on year and the number of transactions increased 1.9%, revealed on Thursday the National Statistics Institute ( INE).
After reaching the lowest value in the series of IPHab in the second quarter of 2012 (- 8.3%) , the index is consolidating the recovery trend that lasts for four consecutive quarters
Between the first and second quarter of 2014, IPHab recorded the fourth consecutive quarter, a rate of change of 1.6% positive sign.
The annual rates of change observed for segments of the existing housing and new housing were 5.6% and 6.5%, respectively.
In other words, over the first quarter, the contribution of variation in prices of existing housing (used) for the formation of the annual rate of change of IPHab decreased from 70% to 56%.
In the first quarter of 2014 the growth rate was 1.6%.
The average annual growth achieved by the indicator in the second quarter of 2014 was 2.4%, higher by 2.1 percentage points than that observed for the first quarter (0.3%).
The NSA notes that the result achieved is the second consecutive positive sign and the highest rate of series.
With regard to sales, INE data reveal that between April and June 19 637 transactions accommodation, 1.9% more than in the same period last year.
the total number of transactions, 75% were related to existing housing (14 667), with an increase of 1 occurred %, and the rest of the new, with a growth of 4.5%.
Between the first and second quarter of 2014, the growth rate was 5.6%, revealing “consistent with that recorded for sales occurring in similar periods in previous years (21.0% and 3.6% in 2013 and 2012 respectively) “behavior.
The average transaction observed in the year over the period in analysis approached the 20 700 quarterly transactions with 73% referring to existing housing and 37% to new quarters.
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