According to the National Institute of Statistics (INE), existing house prices increased by 18.3%, while new housing rose by 14.5% between April and June.
Compared to the previous three months, the Housing Price Index (HPIndex) rose by 4.7%, down from a 4.8% increase in the preceding quarter. Existing houses saw a 5.1% rise, whereas new homes experienced a 3.8% increase.
From April to June, 42,889 homes were sold, marking a 15.5% rise and a 3.7% increase compared to the earlier quarter, totaling over 10,300 million euros in transactions.
The transaction value was 30.4% higher than the total recorded for the same period last year.
In the second quarter of this year, over four out of five houses sold (34,579, 80.6%) were existing homes, reflecting a 16.7% year-over-year increase. Meanwhile, the remaining 8,310 new homes represented a 10.9% year-over-year rise.
The transaction value of existing homes grew by 33.6% in the second quarter, amounting to approximately 7,600 million euros, surpassing the 22.0% year-on-year increase for new homes, which totaled around 2,600 million euros.
The value of housing transactions rose by 6.8% in the second quarter compared to the first three months, with the growth seen in existing home transactions outpacing those of new homes by 9.2% and 0.3%, respectively.
Families were the primary purchasers of housing between April and June, accounting for 87.9% of transactions—the highest percentage since the third quarter of 2020.
The 37,699 homes acquired by families in the second quarter represented close to 8,900 million euros in transactions, reflecting year-over-year increases of 18.0% and 32.8%, respectively.
