The value of free housing moderates its development charge to 7.6% within the third quarter

The enhance between July and September was 4 tenths lower than the one registered within the earlier quarterIn the quarter-on-quarter charge, home costs rose by 1.7%, two tenths lower than the rise reached between April and JuneThe slowdown in development was extra pronounced in new housing, through which costs elevated by 6.8%

The value of free housing rose 7.6% within the third quarter within the interannual charge, 4 tenths under the expansion of the earlier quarter, in line with the Housing Price Index (IPV) of the National Institute of Statistics (INE) revealed this Friday.

By kind of house, the value of latest properties elevated by 6.8% in comparison with the third quarter of 2021, which is 2 factors lower than the year-on-year charge registered within the second quarter of 2022.

For its half, the value of used housing elevated by 7.8% within the interannual charge, one tenth under the expansion skilled within the earlier quarter.

Cantabria leads the rise in costs. The best decreases occurred within the Balearic Islands, Murcia and Andalusia, with decreases of two.6, 2.2 and 1.9 factors, respectively. On the opposite hand, probably the most pronounced will increase within the interannual charge occurred in País Basque Country, Extremadura and Catalonia, with will increase of 1.3, 1.2 and 9 tenths, respectively.

Cantabria, with a charge of 9.3%, is the autonomous neighborhood the place the value of free housing has elevated probably the most between the third quarter of 2021 and the identical interval this yr. They are adopted by the Balearic Islands and Andalusia, with will increase of 8.3%, and the Canary Islands, La Rioja and Catalonia, all of them with a value enhance of 8.1%.

For their half, probably the most average year-on-year will increase have been registered by Galicia and Aragón, the place costs rose by 6.1% and 6.2%, respectively, in comparison with the third quarter of 2021.

Moderation of quarterly development

In the interquarterly charge, home costs rose by 1.7% between July and September, two tenths lower than within the second quarter and nearly one level lower than what they elevated within the first.

With this new rise within the third quarter, there at the moment are seven consecutive quarters of will increase in housing costs.

New house costs elevated by 0.9% within the third quarter, eight tenths greater than within the earlier quarter, whereas second-hand house costs rose 1.9% between July and September, 4 tenths lower than they did within the second quarter.

In quarter-on-quarter phrases, home costs rose between July and September in all of the autonomous communities in relation to the earlier quarter. The best will increase occurred in Madrid (+2.3%); La Rioja and the Basque Country (+2.2% in each instances), and in Catalonia, with a quarterly enhance of two.1%.

At the opposite excessive, with probably the most average quarterly will increase, are the communities of Asturias and Murcia (+0.6% in each instances); Galicia (+0.7%), and the Canary Islands and the Valencian Community, each with a value enhance of 1% in comparison with the earlier quarter.