House Price Index
House prices up by 4.0% in the first quarter of 2014 comparing with the same period of 2013
- 1st Quarter 2014
01 July 2014
In the first quarter of 2014, the House Price Index (HPI) increased 4.0% when compared with the same quarter of the previous year. This figure was 3.4 percentage points (p.p.) higher than the rate recorded in the last quarter of 2013, a result which reversed the series of annual price reductions observed between the fourth quarter of 2010 and the third quarter of 2013. In the quarter under analysis, the annual rates of change for the existing and new dwellings market segments were 4.7% and 2.9%, respectively. Compared to the previous quarter, the HPI recorded a price variation of 1.3% in the first quarter of 2014 (2.3% in the fourth quarter of 2013). The rolling 4-quarter average rate of change was 0.3% in the first quarter of 2014 (-1.9% in the fourth quarter of 2013).
In the first three months of 2014 18,590 house transactions were recorded, 16.7% more than in the same period of the last year.