The Housing Price Index (HPI) increased 8.0% in the second quarter of 2017 when compared with the same period of the previous year, one tenth of a percentage point more than in the first quarter of 2017.
The prices of new dwellings exhibited a year-on-year rate of change of 5.4%, 1.2 percentage points (p.p.) above what was recorded in the previous quarter. This was the second consecutive period in which the transaction prices for new dwellings accelerated. This contrasts with the evolution observed for existing dwelling transactions, whose year-on-year rate of change moved from 9.2% (first quarter of 2017 ) to 8.9% (quarter under review). In relation to the previous period, the HPI increased 3.2%, a rate similar to what was registered for existing and new dwelling transactions (3.2% and 3.3%, respectively).
A total of 36 886 dwellings were transacted between April and June 2017, 16.1% more than in the same period of the previous year and 4.9% more when compared with the first quarter of the current year. In the period under review, the total sales value was approximately 4.6 billion Euros, of which almost 3.7 billion were of existing dwelling transactions.