How will House Prices start in 2024?

The National Institute of Statistics (INE) has just published the data from the Housing Price Index (IPV) for the third quarter of 2023, which reflects an increase in the annual rate of variation in housing prices: almost one point more than the previous quarter. Will the same trend continue in 2024? Let’s find out. Have you not sold your home yet? To a lesser extent, the quarterly rate has also increased, which presents a to the second quarter. By type of housing, the annual rate of new housing has reached 11% , the highest in the last 16 years, representing. Regarding the quarterly rate, The price of new housing rises 4.1% between the third and second quarter of the year. For its part, second-hand homes present an annual variation of 3.2% , three tenths above the data for the last quarter.

So, what predictions are there for house prices in 2024?

According to experts, house prices in 2024 should begin to stabilize, and could even drop to 2% . Even so, it must be kep in mine that any variation that may occur in the price of housing in 2024 will depend greatly on the situation of interest rates; if they rise or fall, the price of housing will also do Germany Telegram Number Data so accordingly . I WANT TO KNOW THE VALUE OF MY HOME Variation rates by autonomous communities All increase in all communities . Regarding the annual rate , the largest increases in housing prices compared to last. On the other hand, Castilla La-Mancha (1.0%), Extremadura (1.1%) and La Rioja (1.9%) registered the smallest increases in annual rates. The lowest rates have occurred in Castilla La-Mancha (0.6%), Extremadura (0.6%) and Castilla y León.

Annual variation in housing prices 2023

Annual variation rate of the autonomous communities in the third quarter of 2023 Menos Más Source: HousfyCreated with Datawrapper Forecasts for the autonomous communities of housing prices in 2024 Following the line of national decline in housing prices, the forecast for the autonomous Indonesia Telegram Number List communities is also for a slight and progressive decrease in housing prices by 2024 , especially in those with lower demand and less tourist attraction. Likewise, the same trend is expected to continue in 2024 in terms of new and second-hand housing, that is, the annual rate will show more moderate increases in second-hand housing and more intense increases in new housing. It should be noted that all these predicted decreases in housing prices in 2024 will not be price decreases as such, since after the anomalous increases, the rates will simply be returning to the starting figures.