With the rebound in the first quarter, the price of free housing already accumulates in 32 quarters of year-over-year growth

Housing prices continue their unstoppable trend and register an increase in the first quarter 8.5% compared to the same period in 2021, This is two points higher than the previous quarter and the highest increase in 15 years since the third quarter of 2007, according to data published this Wednesday by the National Institute of Statistics (INE).

In this way, the indicator confirms the current boom in buying a home in Spain, which is pushing up sales, mortgages and prices to levels not seen since the 2008 real estate bubble.

With the rebound in the first quarter, the price of free housing now accumulates in 32 quarters of year-over-year growth. on quarterly basis, The increase in prices between January and March was 2.6%, its highest quarterly increase since the second quarter of 2018, when it also rose 2.6%.

According to the type of house, new house price grew 10.1% compared to the first quarter of 2021, four points higher than the year-on-year rate recorded in the last quarter of last year and the highest since the first quarter of 2019.

On a quarterly basis, the increase was 3.2% compared to the fourth quarter of 2021, while the prices of older homes increased by 2.4%, their highest rate since the second quarter of 2021.

for his part, used house price It grew 8.2% year-on-year, nearly two points higher than the previous quarter and its fastest growth rate since the second quarter of 2007, just before the start of the financial crisis.