INE: The annual rate of change of the Housing Price Index increases almost one point and stands at 4.2%
The INE has published a new report on the annual rate of variation of the Housing Price Index. As we can see below in that report, the index reaches 4.2%, increasing almost one point.
The annual rate of change of the Housing Price Index increases almost one point and stands at 4.2%
House prices up 2.1% compared to the previous quarter
Annual evolution of housing prices
The annual variation of the Housing Price Index (IPV) in the third quarter of 2021 increases by nine tenths and stands at 4.2%, the highest since the third quarter of 2019. By type of housing, the annual rate of new housing falls almost two points, to 4.1%. On the other hand, the variation of second-hand housing reaches 4.3%, almost a point and a half above that registered in the previous quarter.
Annual rate of the IPV
General index, new and second-hand housing. Percentage
Quarterly evolution of house prices
The quarterly variation of the general IPV in the third quarter of 2021 is 2.1%.
Quarterly IPV rate
General index. Percentage
By type of housing, new housing prices rose by 2.8% between the third and second quarters of 2021. On the other hand, the prices of second-hand housing increased by 1.9%.
Quarterly rate of the IPV by type of housing
New and second-hand housing. Percentage
Results by autonomous communities. Annual rates of change
The annual rate of the IPV in the third quarter of 2021 increases compared to the second in all the autonomous communities, except in the Basque Country, where it decreases 1.2 points.
The largest increases occur in La Rioja, Andalusia and Galicia, with increases of 2.8, 2.4 and 2.3 points, respectively.
Annual IPV fees
General index by autonomous communities and cities. Percentage
Results by autonomous communities. Quarterly rates of change
House prices present positive quarterly rates in the third quarter of 2021 in all the autonomous communities.
The largest increases occur in the Balearic Islands, Andalusia and the Region of Murcia, with increases of 4.3%, 3.4% and 2.7%, respectively.
On the other hand, Extremadura (0.2%), principality of Asturias (0.8%) and the Basque Country (0.9%), recorded the lowest quarterly increases.
Quarterly IPV rates
General index by autonomous communities and cities. Percentage
Data revisions and updates
The data published today are final and not subject to further revision. All results are available in INEBase.
Methodological note
The main objective of the Housing Price Index (IPV) is to measure the evolution of the purchase and sale price of free homes acquired by households in Spain, both new and second-hand housing, adjusting changes in the composition and quality of homes acquired in different periods through a method that combines stratification with a regression model.
- Type of survey: continuous quarterly periodicity.
- Base period: 2015.
- Reference period of the weights: two years prior to the current.
- Geographical scope: the entire national territory.
- Number of observations: about 95% of home sales made in the quarter.
- Functional classification: New and second-hand housing.
- General method of calculation: Laspeyres chained.
- Method of collection: administrative records.
Housing price indices. Base 2015
Third quarter of 2021
- National index: general and by type of housing
- General index by autonomous communities
- Index by autonomous communities. New housing
- Index by autonomous communities. Second-hand housing
