The price of free housing increased in Galicia by 3.4% in the first quarter

Free apartments have become more expensive Galicia 3.4% in the first quarter of the year compared to the same period in 2022, according to the Housing Price Index (HPI) of the National Bureau of Statistics (INE) published this Wednesday. it works slightly below the national datain which the increase was 3.5 percent.

According to statistics, the price of a new homeat the state level, rose a 6% on an annual basis between January and March, two tenths less than in the last quarter of 2022 and the lowest increase since the third quarter of 2021.

On the other hand, the price used housing increased by 3% in the first quarter compared to the same period in 2022, a rate more than two points lower than that of the fourth quarter of 2022 and the lowest since the second quarter of 2021.

In the first quarter, all autonomous communities reported positive annual rates, among which Navarra with a rate of 5.8%, the community where the price of free housing increased the most, while in Galicia it is 3.4%.

IN quarterly rate (Q1 2023 vs Q4 2022), price real estate increased by 0.6% between January and March after registering a quarterly decline of 0.8% in the last quarter of last year. In Galicia, 1.3% did so..

By home type, new home prices rose 3% statewide between January and March, their biggest quarterly gain since the first quarter of 2022, while existing home prices rose 0.2%, in contrast to a decline from 1.4% recorded in the previous quarter.

Apartment prices rose between January and March in 14 autonomous communities compared to the previous quarter. In the case of Galicia, this increased by 1.3 percent, with a three-month variation of 5.8 percent in new construction and 0.5 percent in second-hand construction.