In the 3rd quarter of 2022, the House Price Index (HPI) rose 13.1% year-on-year, down by 0.1 percentage points (pp) from the previous quarter. The increase in prices of existing dwellings (14.7%) surpassed that of new dwellings (8.4%).
Compared to the previous quarter, the HPI increased by 2.9% (3.1% in the 2nd quarter of 2022). In the category of new dwellings, the rate of change stood at 4.0%, 1.4 pp above the increase observed in existing dwellings (2.6%).
Between July and September 2022, 42,223 houses were sold, which represents a year-on-year rate of change of -2.8% and a reduction of 3.2% over the previous quarter. In the reference quarter, the value of the houses transacted reached 8.1 billion euros, up by 9.6% compared to the same period of 2021.
In the 3rd quarter of 2022, the acquisitions of dwellings by Households corresponded to 36,647 units (86.8% of the total), totalling 6.9 billion euros. In the quarter under review, 2,767 dwellings were acquired by purchasers with a tax residence outside the National Territory, representing a year-on-year increase of 12.6%.