In 2016, the House Price Index (HPI) increased 7.1% when compared with the previous year. This rate of change was 4 percentage points (p.p.) higher than the rate observed in 2015, with existing dwellings recording an average increase (8.7%) higher than new dwellings (3.3%).
In the fourth quarter of 2016, the HPI rose 7.6% when compared with the same quarter of 2015, the same as in the third quarter of 2016. As it has been the case since the last quarter of 2016, the prices of existing dwellings increased at a higher annual rate than the prices of new dwellings (9.2% and 3.5%, respectively).
On a quarter-to-quarter basis, the HPI increased 1.2% (1.3% in the third quarter).
A total of 127,106 dwellings were transacted in 2016, 18.5% more than in 2015. In 2016, total sales value exceeded the 14.8 billion Euros, which represented an increase of 18.7% when compared to the previous year.