June 23, 2024

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New home prices accelerated and rose 10.1% in the first quarter of the year

New home prices accelerated and rose 10.1% in the first quarter of the year

A man looks at houses for sale in the window of a real estate agency. Reuters/Phil Noble

he Housing cost It does not step on the brakes, on the contrary, it accelerates even month after month The first three months This year with A 6.3% annual increaseThis is 2.1 points higher than in the previous quarter and the highest since the summer of 2022 when it became 7.6% more expensive. In case New housing prices increased by 10.1% On an annual basis between January and March, an increase of 2.6 points compared to the data of the previous quarter.

With this latest return, the prices for free housing are piling up 40 consecutive quarters of increases On an annual basis in Spain, according to data from the Housing Price Index (IPV) of the National Institute of Statistics (INE) published on Thursday.

Although the cost is lower Used housing It has also increased, but has not reached double digits for new construction. In the first quarter, its cost increased by 5.7% on an annual basisup more than two points from the last quarter of 2023 and its largest increase since the summer of 2022.

“Housing prices maintain very significant levels of increase, so the… Increase in price From the last training It is capital. He points out that the data presented in the most stressed communities is alarming, and shows very severe increases. maria matos, Director of Studies and Spokesperson for Fotocasa.

This increase is attributed to the fact that Requests Buy now is strong “Supply is too strong to absorb, so price tension has remained constant for two years.”

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also ferran line, The director of apartment studies at .com attributes the rise in prices to the fact that “areas with the greatest concentration of demand are leaving Supply sold out available”.

In his opinion, “these increases are no longer limited only to central urban centers, where the one with the highest price always wins, but rather in… More remote areas Where it was possible to become a landlord with an average salary and some savings, Prices are no longer affordable for everyone To many buyers.”

It was the houses Expensive in all autonomous communities At an annual rate, with Andalusia leading the return with 7.9%, followed by Navarra with 7.6%; La Rioja (+7.1%) and Aragon (+7%).

With increases above the national average of 6.3%, the Autonomous City of Ceuta (+6.9%) and the regions of Cantabria (+6.8%), the Valencian Community (+6.5%) and the Basque Country (+6.4%).

the More moderate increases You took place in an autonomous city Melilla by 4.7%And in the communities of Castilla-La Mancha (+4.9%), Asturias and Galicia, with an annual increase in free housing prices of 5.1%.

The National Institute of Statistics estimates that between the last quarter of 2023 and the first quarter of 2024, housing prices rose by 2.6%, their biggest comeback in two years. The price of Used housing Between January and March of this year it grew 2.2%Before decline 1% From the previous quarter.

Regarding the price new home She shot herself 5.5% At a quarterly rate, in contrast to the 1.4% decline that occurred between October and December 2023. This quarterly rebound in new housing prices is the largest in the INE series.

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