The House Price Index (HPI) increased 10.1% in the 2nd quarter of 2019, when compared to the same period of 2018, 0.9 percentage point (pp) more than in the previous quarter. Existing dwellings and new dwellings recorded similar growth rates (10.1% and 10.3%, respectively).
On a quarter-to-quarter basis, the HPI grew 3.2%. The increase in prices was more intense for new dwellings, which increased by 4.1%, 1.1 p.p. above the increase observed for existing dwellings (3.0%).
From April to June 2019, a total of 42,590 dwellings were transacted, 6.6% less than in the 2nd quarter of 2018. The value of sales in this period was approximately 6.1 billion euros, which represents a year on year decrease of 1.9%.