The price of housing in Andalucía rises by 0.7 in the second … – Reuters

The price of housing in Andalucía rises by 0.7 in the second … – Reuters

SEVILLA 8 Sep. (EUROPA PRESS) –

The prices of private housing in Andalusia have risen 0.7 percent in the second quarter compared to the same period previous year, according to the House Price Index (HPI) of the National Statistics Institute (INE) released Monday, noting that the average increase in the whole country was 0.8 percent.

In the previous quarter, prices rose 1.8 percent, while so far this year prices rose 0.9 percent in the Community.

In addition, the Prices for new homes rose 2.4 percent for the Andalusian region in relation to the previous year, increased by one percent in the previous quarter and 1.3 percent so far this year.

As for the second-hand housing, the price in the region increased by 1.9 percent in the second quarter compared with the previous quarter, representing a 0.2 percent taking into account the annual variation. So far this year, the price of second-hand housing rose 0.8 percent.

NATIONAL DATA

Nationally, prices of private housing were up 0.8 percent in the second quarter of 2014 compared to the same period last year, thus returning to the positive path for a quarter of the time since 2008, the Housing Price Index ( IPV) of the National Statistics Institute (INE) released Monday.

This rally is ending a streak of 24 consecutive quarters down, ie six years in which prices housing have presented negative rates. The housing prices began to fall in the second quarter of 2008 (-0.3 percent) and since then the trend has not been reversed until the second quarter of 2014, although it has been moderating in recent quarters.

By type of housing, the price of resale housing rose 0.2 percent in the second quarter of 2014 year on year, the highest since the fourth quarter of 2007, after increasing two points the previous quarter, while that of new homes rose 1.9 percent, three points above the previous quarter. This rate reaches positive territory for the first time since the fourth quarter of 2008.

In a quarterly basis (second quarter of 2014 to first quarter 2014), the price of private housing registered an increase of 1.7 percent after two consecutive quarters of decline, of 1.3 percent in the fourth quarter of 2013 and 0.3 percent in the first quarter of 2014.

By Type of housing prices New recorded a rise of 0.6 percent between the first quarter and the second, while the prices of second-hand housing rose 1.9 percent quarterly rate.

MOST OF THE CCAA, THE RISE

In the second quarter of this year, a total of fourteen regions registered positive quarterly rates in housing prices. Thus, the greatest increases were experienced in Valencian (+3.1 percent) and Canary (+2.8 percent), compared to the Basque Country (-0.9 percent) and Cantabria (-0.3 percent ), which were the only regions with negative rates

On an annual basis, all communities increased their rate in the second quarter, with the exception of Basque Country, whose variation decreased 2.8 points to. – 1.4 percent.

The largest increases in the annual variation occurred in Murcia, with a rise of 5.6 points to 1.2 percent, and Valencia, with up 4.9 points to 2.3 percent.

The IPV published statistic is compatible with the requirements of Eurostat and published quarterly supplement to the Ministry of Development. Among its goals is to serve as a point of comparison between Member States in relation to housing prices.