House Price Index, Q3 2016, INE

Page created: Monday, 19 December 2016 16:22GMT

Press Release:  19 December 2016 - 7 Page(s)
House Prices  Housing

In the third quarter of 2016, the House Price Index (HPI) increased by 7.6% when compared to the same period of 2015 (6.3% in the previous quarter). This was the highest price increase ever observed and the third consecutive quarter in which the HPI recorded an annual rate of change above the 6%.
When compared to the second quarter, the HPI rose by 1.3% from July to September 2016, 1.8 percentage points (p.p.) lower than in the previous period.
A total of 31,535 dwellings were transacted from July to September 2016, a number that represents an increase of 15.8% over the same period of the last year. In value, sold residential properties represented more than 3.6 billion Euros, 2.8 billion Euros of which related to transactions of existing dwellings.

Original title:  House prices up by 7.6% on a year before

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