House Price Index
House prices annual average rate of change was 4.3% in 2014
- 4th Quarter 2014
25 March 2015
In 2014, the House Price Index (HPI) increased 4.3% when compared with 2013. This result interrupted the series of three consecutive years in which the prices of dwellings decreased (-1.9%, -7.1% and -4.9% in 2013, 2012 and 2011, respectively).
In the fourth quarter of 2014, the HPI increased 2.2% when compared with the same quarter of the previous year. This was the second consecutive quarter in which house prices decelerated (5.9% and 4.9%, respectively, in the second and third quarters of 2014). In the reference quarter, the annual rate of change in the new dwellings market segment was 1.2%, below the value observed for existing dwellings (2.8%). When compared to the previous quarter, the HPI presented a price variation of -0.3% (-0.4% in the third quarter of 2014).
In the last three months of 2014, a total of 25,534 dwellings were traded, 5.2% more than in the same period of the last year.