SANTA CRUZ DE TENERIFE / MADRID, Sep 8 (EUROPA PRESS) –
The Canary Islands was the autonomous community in which the price of free housing increased the most in the second quarter, with a 6.4% rise compared to the same period of the previous year, according to the Housing Price Index (IPV) of the Institute National Statistics Office (INE) published this Wednesday.
Over the previous quarter, the increase was 3.4% and so far this year, the accumulated increase was 5%.
In the last year, new housing has appreciated by 6.5% and new by 6.4%.
In the country as a whole, the price of free housing rose 3.3% in the second quarter in the interannual rate, a rate 2.4 points higher than the previous quarter and the highest since the fourth quarter of 2019, before the arrival of the pandemic.
With the rebound in the second quarter, the price of free housing has already accumulated 29 quarters of year-on-year growth and breaks with the moderation trend that began in the first quarter of 2020, with the outbreak of the health crisis.
In that first quarter of 2020, the price of free housing rose by 3.2% year-on-year and then moderated in subsequent quarters until reaching a rebound of 0.9% in the first quarter of 2021, the lowest growth rate year-on-year in seven years.
By type of home, the price of second-hand homes increased by 2.9% year-on-year in the second quarter of this year, more than two points above that registered in the previous quarter (0.7%) and the highest since the end of 2019.
In the case of new homes, their price shot up 6% year-on-year in the second quarter, almost four points more than in the previous quarter and its highest rate since the fourth quarter of 2020 (8.2%).
At a quarter-on-quarter rate (second quarter over the first quarter), house prices rose by 2.4% between April and June, its highest quarterly increase in three years, specifically since the second quarter of 2018, when the price rose by 2 , 6%.
By type of home, new home prices rose 1.3% between the first and second quarters of this year, while second-hand home prices rose 2.7%, their biggest quarterly rebound in six years, specifically from the second quarter of 2015.
ALL COMMUNITIES RAISE THEIR PRICES
In the second quarter of this year, all the autonomous communities presented positive interannual rates that were higher than those of the previous quarter.
The largest increases in the annual rate were recorded in the Balearic and Canary Islands, with an upturn of 4.8 points, and in Cantabria, with an advance of 3.3 points compared to the growth registered in the first quarter.
In contrast, the lowest increases in the annual rate occurred in Castilla y León and Aragón, with increases of six tenths, and in La Rioja, with an increase of eight tenths.
In the second quarter, the most pronounced growth in the price of free housing corresponded to Melilla and the Canary Islands, with increases of 6.7% and 6.4%, respectively, between the second quarter of 2020 and the same period of 2021 They are followed by the Balearic Islands (+ 5.7%), Cantabria (+ 5.3%), Murcia (+ 4.4%) and the Valencian Community (+ 4.3%).
Where prices increased the least in the interannual rate was in Extremadura (+ 1.7%) and Madrid, where the price of free housing increased by 1.9% in relation to the second quarter of 2020.
In quarter-on-quarter terms, house prices rose between April and June in all regions.
The largest quarterly increases in house prices occurred in the Balearic Islands (+ 4%), Extremadura (+ 3.8%) and Castilla-La Mancha (+ 3.6%) and the lowest in Ceuta (+0.6 %) and Madrid and the Basque Country (+ 1.3%).
