The price of free housing increases by 12.8% in the third quarter, its largest increase in 18 years

He free house price shot up 12.8% in the third quarter of the year in relation to the same period in 2024, thus registering its largest interannual increase since the beginning of the historical series, in the first quarter of 2007, when it rose 13.1%, according to the Housing Price Index (IPV) of the National Institute of Statistics (INE) published this Friday. With the increase in the third quarter, one tenth higher than that experienced in the second quarter of the year, the price of free housing accumulates 46 consecutive quarters of year-on-year increases.

According to Statistics, the price of New housing rose 9.7% year-on-year in the third quarter2.4 points less than in the previous quarter and its lowest year-on-year increase since the third quarter of 2024, while the price of used housing soared by 13.4%, a rate six tenths higher than that of the previous quarter and the highest in the entire historical series, which starts in 2007.

Double-digit increases in all CCAA

All the communities and the two autonomous cities presented positive interannual rates in the price of free housing in the third quarter and all of them were also double digits. The largest price increases occurred in Murciawith an increase of 15%; Aragon (+14.6%); Ceuta and Melilla (+14.5% in both cases); Castile and León (+14.4%); Madrid (+14.2%), and Riojawhich raised its prices by 14.1% compared to the third quarter of last year.

For its part, the most moderate increases in the price of free housing occurred in Navarra (+10.9%), Catalonia (+11.3%), and the Basque Country and Castilla-La Mancha, which in both cases registered an increase of 11.6%.

House prices rise 2.9% quarterly

In a quarterly rate (third quarter over second quarter), the price of free housing increased by 2.9%, a rate 1.1 points lower than that of the previous quarter and the most moderate since the fourth quarter of 2024. With the increase registered between July and September, the price of free housing chains seven consecutive quarters of increases.

The price of used housing increased by 3.3% between July and September, nine tenths less than in the second quarter, while the price of new housing rose by 0.6%, compared to 2.6% in the previous quarter.