In the second quarter of 2015, the House Price Index (HPI) increased by 2.9% when compared to the same period of the previous year. This rate, which was 2.1 percentage points (p.p.) higher than in the previous quarter, interrupted the deceleration trend in prices observed since the third quarter of 2014 (the HPI increased 4.9%, 2.2% and 0.8% in the third and fourth quarters of 2014 and in the first quarter of 2015, respectively).
The annual change in prices was essentially driven by the existing dwellings index, which grew 3.4% when compared to the same quarter of 2014, 0.9 p.p. more than the increase recorded by the new dwellings price index (2.5%).
When compared to the first three months of the year, the HPI observed a 3.7% increase in the second quarter of 2015 (0.0% in the previous period).
A total of 24,512 residential dwellings were purchased from April to June 2015, 24.8% more than in the same period of 2014.