The prices of private housing began to show signs of moderation in the first quarter of the year, when they recorded an increase of 3.2% compared to the same period of 2019. This is the lowest growth since the first quarter of 2015, according to the Housing Price Index (IPV) published this Tuesday by the National Statistics Institute (INE).

The data does not yet reflect the total impact that the coronavirus may have had on the residential market and whose effects became apparent as of the second half of March, coinciding with the Government's declaration of a state of alarm.

By type of housing, the rate of new housing reached 6.1%, eight tenths above that registered the previous quarter, while the second-hand rate fell seven tenths, to 2.7%, the lowest since the first quarter of 2015.

The variation is less when compared with the data from the previous quarter. In this case, prices increased by 1.1% compared to the fourth quarter of 2019.

By type of home, new home prices shot up 5.1% between the fourth quarter of 2019 and the first quarter of this year, its biggest rise since 2007, when the series of this statistic starts. For its part, second-hand housing prices increased by 0.4%, compared to the 0.7% quarterly decrease registered in the last three months of 2019.

By communities , residential prices fell in the first quarter of 2020 compared to the last quarter of 2019 in 12 autonomous communities, increased in three and remained the same in the remaining two. The greatest decreases occurred in Castilla y León, Castilla-La Mancha and Extremadura, with decreases of 2.1, 2.0 and 1.9 points, respectively.

On the other hand, the increases in the annual variation take place in the Basque Country, the Balearic Islands and the Principality of Asturias, with increases of five tenths in the first two, and of one tenth in the last.

In accordance with the criteria of The Trust Project

Know more

  • economy
  • living place

CastellónReal estate sector will fall 25% due to Covid but will remain more stable than after the 2008 'bubble'

Housing Property managers warn that the conditions to reopen the pools are not met

Real Estate Housing in times of coronavirus: prices are barely falling and the 'oil slick' begins

Close links of interest

  • Last News
  • Programming
  • English translator
  • Work calendar
  • Daily horoscope
  • Santander League Ranking
  • League calendar
  • TV Movies
  • Masters 2019
  • Cut notes 2019
  • Themes