The price of housing in Spain is already up five years in a row. Specifically, 2018 closed with a 6.6% rebound, being already at maximum since 2011, according to the data released today by the INE. By regions, where the price grew the most was in the Community of Madrid (9.6%), the autonomous city of Ceuta (9.1%) and Catalonia (8.1%). On the other hand, those that grew least were Extremadura (2.7%), Asturias (3.7%) and Navarra (4%).
With this increase, the price of housing has 19 consecutive quarters in a row, when it broke a seven-year consecutive streak of declines. Despite this constant rise in the last five years, in 2018 the prices suffered a slight deceleration. So, the price rise fell 6 tenths with respect to 2017, when it closed with an increase of 7.2%, the highest since 2007. In 2016, growth was 4.8%, in 2015 it was 4.2% and in 2014 it was 1.8%.
With respect to the third quarter of the year, prices increased by 0.4% in the last three months of 2018.
By type of housing, it was the new one that pulled the price increase to increase by 8% in 2018, almost two points higher than the previous quarter, while second-hand housing grew by 6.4% in its price.