Navarra is the community in the state where prices have increased the most. Overall, both new and second-hand homes are increasing.
He house price There is no sign of a recovery in 2024 and the increase continues in the second quarter of the year. The increase in Navarra was 10.3% compared to the same period last year, while in Araba, Bizkaia and Gipuzkoa it was slightly smaller, at 8.5%.
In reality, Navarra is the community in the state where the greatest increase has taken place the price of houses, and this has been particularly noticeable in new construction, which has become 14.6% more expensive. Second-hand homes are also more expensive: 8.1% according to data published by the Navarra Statistics Institute-Nastat.
In the Basque Autonomous Community, buying a new home has become 15.2% more expensive, while second-hand homes have increased by 7%.
Overall, buying a home in the state was 7.8% more expensive in the second quarter compared to the same period last year and 3.6% more expensive than the first quarter of this year.
The National Institute of Statistics (INE) has highlighted that the price of new homes has shown the largest increase in the last 17 years, becoming 11.2% more expensive.
The price of second-hand homes rose by 7.3% in the second quarter of 2024 and has risen uninterruptedly since 2014, after the property bubble burst in 2008 and was set to last for another six years.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
