In the third quarter of 2016, the House Price Index (HPI) increased by 7.6% when compared to the same period of 2015 (6.3% in the previous quarter). This was the highest price increase ever observed and the third consecutive quarter in which the HPI recorded an annual rate of change above the 6%.
When compared to the second quarter, the HPI rose by 1.3% from July to September 2016, 1.8 percentage points (p.p.) lower than in the previous period.
A total of 31,535 dwellings were transacted from July to September 2016, a number that represents an increase of 15.8% over the same period of the last year. In value, sold residential properties represented more than 3.6 billion Euros, 2.8 billion Euros of which related to transactions of existing dwellings.