January 21, 2021

The price of housing touches maximum since 2011

The price of housing touches maximum since 2011


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.


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