Catherine Melo
Numbers INE indicate that prices housing increased 5.9% in the second quarter. It’s the first annual increase in four years.
After a break which coincided with the economic crisis and closing the tap of credit, home prices give increasingly consistent signs of wanting to take off. Data released today by the National Statistics Institute (INE), indicate that in the second quarter of this year, home prices increased on average 5.9% over the same period of 2013 it is the biggest price rise of the past four years.
In jail, the second quarter of 2014 was also the fourth consecutive in which property prices have shown signs of recovery after 12 straight quarters to depreciate. Between April and June, prices rose 1.6% over the first quarter of 2014, thereby continuing to increases of 0.5% and 2.3% recorded in the third and fourth quarters of last year and 1 3% in the first quarter of this year.
These data are from most recent NSI indicator that aims to track the evolution of real estate in Portugal. The housing price index (IPHab), whose series begins in 2009, aims to measure the evolution of prices of dwellings acquired the residential market in Portugal.
In addition, INE also spent to disseminate information on the quarterly change in the number of home sales. All information is crafted from information provided by the Tax and Customs Authority, regarding the Council Tax on Property Transfer (IMT) and the Municipal Property Tax (IMI).
From the point of transactions in the first quarter of this year, between new and used, 19,637 properties were sold, which equates to an increase of 1.9% compared to 19,278 homes traded in the same period of 2013 A value which is also above the 18,590 homes sold in first quarter of this year. Of total properties sold between April and June, 75% were existing accommodations.
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