According to data from the National Statistics Institute (INE) ), last year 165,682 homes were traded, the highest amount in the last five years.

The Housing Price Index (IPHab) accelerated for the third consecutive quarter, registering a year-on-year rate of change of 10.6% in the last three months of last year. This rate shows that house prices continued to rise and that the pace of growth accelerated, since in the third quarter the rise had been 11.5%.

Thus, in the entirety of 2021, houses were 9.4% more expensive than in 2020, with the price registering an increase of 0.6 percentage points compared to 2020. “In 2021, still in an economic context conditioned by the pandemic, the dynamics of growth in the prices of traded housing continued”, says the INE, noting that the growth in prices was “more intense in existing housing (9.6%) than in new builds (8.7%)” .

“The beginning of the year was characterized by a year-on-year reduction in the number of transactions, a reflection of the restrictions verified in the context of the pandemic in the months of January and February. March began a continuous dynamic of growth in the number of transactions, which reached its maximum amplitude between April and June, a period in which increases of more than 50% were recorded. In the second half of the year, the increase in the number of transactions continued, although at a slower pace, of around 22% and 17%, respectively, in the 3rd and 4th quarters”, notes the INE.