SANTIAGO DE COMPOSTELA, 9 (EUROPA PRESS)
The price of free housing has increased by 6.1% in the third quarter in the interannual rate in Galicia, according to the Housing Price Index (IPV) of the National Institute of Statistics (INE) published this Friday.
So far this year, the price has increased by 5.1%, and compared to the previous quarter, by 0.7%, which places Galicia among the communities where the annual rate has increased least along with Asturias and Murcia.
Likewise, Galicia registers, together with Aragon, the most moderate interannual increases. In the Galician community, prices have increased by 6.1% compared to the third quarter of 2021.
NATIONAL DATA
At the national level the increase has been 7.6%. With the increase in the third quarter, the price of free housing has already accumulated 34 quarters of year-on-year growth, which is equivalent to a little over eight years of continuous increases.
By type of home, the price of new homes has increased by 6.8% compared to the third quarter of 2021, which is two points less than the year-on-year rate registered in the second quarter of 2022.
For its part, the price of used housing has increased by 7.8% in the interannual rate, one tenth below the growth experienced in the previous quarter.
CANTABRIA LEADS THE ANNUAL INCREASE IN PRICES
In the third quarter, the interannual rate of the price of free housing fell in most of the autonomous communities.
The greatest decreases have occurred in the Balearic Islands, Murcia and Andalusia, with decreases of 2.6, 2.2 and 1.9 points, respectively.
In contrast, the most pronounced increases in the interannual rate occurred in the Basque Country, Extremadura and Catalonia, with increases of 1.3, 1.2 and nine tenths, respectively.
Cantabria, with a rate of 9.3%, is the autonomous community where the price of free housing has increased the most between the third quarter of 2021 and the same period this year. They are followed by the Balearic Islands and Andalusia, with increases of 8.3%, and the Canary Islands, La Rioja and Catalonia, all of them with a price increase of 8.1%.
For their part, the most moderate year-on-year increases were registered by Galicia and Aragón, where prices rose 6.1% and 6.2%, respectively, compared to the third quarter of 2021.
QUARTERLY GROWTH ALSO MODERATES
In quarter-on-quarter terms (third quarter over second quarter), house prices rose by 1.7% between July and September, two tenths less than in the second quarter and almost one point less than the increase in the first.
With this new increase in the third quarter, there are now seven consecutive quarters of increases in housing prices.
New home prices have increased by 0.9% in the third quarter, eight tenths more than in the previous quarter, while second-hand home prices have risen by 1.9% between July and September, four tenths less than they did in the second quarter.
In quarter-on-quarter terms, house prices have increased between July and September in all the Autonomous Communities in relation to the previous quarter. The greatest increases have occurred in Madrid (+2.3%); La Rioja and Pas Vasco (+2.2% in both cases), and in Catalonia, with a quarterly increase of 2.1%.
At the other extreme, with the most moderate quarterly increases, are the communities of Asturias and Murcia (+0.6% in both cases); Galicia (+0.7%), and the Canary Islands and the Valencian Community, both with a price increase of 1% compared to the previous quarter.
