In the 3rd quarter of 2021, the House Price Index (HPI) rose by 9.9% year-on-year, up 3.3 percentage points (pp) from the previous quarter. The price increase was more significant for existing dwellings (9.9%) compared to new dwellings (9.5%).
On a quarter-to-quarter basis, the HPI grew by 3.6% (2.2% in the 2nd quarter of 2021). For existing dwellings, the rate of change stood at 3.9%, 1.4 pp above the increase observed in new dwellings (2.5%).
Between July and September 2021, 56,464 dwellings were transacted, which represents an increase of 25.1% compared to the same period of 2020. In the quarter under review, there were similar rates of change throughout the different months, 26.8%, 24.5% and 23.9%, respectively, in July, August and September. The value of the transacted dwellings amounted to 9.4 billion euros, up 38.7% from the 3rd quarter of 2020.