In the first quarter of 2015, the House Price Index (HPI) registered an increase of 0.8% when compared to the same period of the previous year. This rate was 1.4 percentage points lower than in the previous quarter, maintaining the deceleration trend of dwelling prices observed since the third quarter of 2014 (the HPI increased 4.9% and 2.2% in the third and fourth quarters of 2014, respectively).
On an annual basis, the prices for existing and new dwellings behaved differently, with the former exhibiting a 2.1% increase and the latter a 1.1% decrease.
When compared to the previous quarter, the HPI observed a zero price change in the first quarter of 2015 (-0.3% in the previous period).
In the first three months of 2015, a total of 25,716 dwellings were traded, 38.3% more than in the same period of 2014.