According to the latest Housing Price Index (HPI), produced by the National Statistics Institute (INE), the increase in house prices in Spain, both new and second-hand, has lost momentum in the first quarter of 2021.
During this period, they increased by only 0.9% in year-on-year terms. This figure represents a drop of 6 tenths compared to the last quarter of 2020, and the lowest rate since the third quarter of 2014, when the recovery began after the "real estate bubble" crisis. This is the 28th quarter of year-on-year growth in the price of free-market housing.
The increase in prices in year-on-year terms, by type of housing, was 0.7% for second-hand housing, and 2.3% for new housing.