The rise in housing prices that began in 2015 consolidated in the first half of 2016.
During 2015 there was already a marked upward trend in house prices, and during the first half of 2016 this trend has been confirmed, with a rise of 7.5% year-on-year. It is true that we have not yet reached pre-crisis levels, but the recovery of the economy and low interest rates are encouraging consumers and the situation is accelerating.
It is so, that since the beginning of 2011 such good data has not been achieved, as the number of sales and purchases between April and June has risen by 23.7%, reaching a total of 107,838 operations, with a price increase of 2.2%, according to the quarterly report of the Association of Registrars through the House Price Index of Repeat Sales.
At the beginning of the year, the registrars estimated that the new-build housing market was leaning towards recovery, but as the second quarter has progressed, these figures have not been confirmed, as the number of sales and purchases of used homes (88,291) represents 81.9% of the total. This may be due to the fact that new-build housing is in short supply, so that second-hand housing is being strengthened, as the growth in second-hand housing is greater than the growth in housing approvals.
