This is an archived release.
Increase in new house prices
The prices for new houses have increased over the last quarter as well as the last year.
|Price index for new dwellings||Percentage change from the same quarter of the previous year|
|detached house||multi-dwelling||detached house||multi-dwelling|
|2nd quarter 2015||101.3||98.9||5.5||4.5|
|3rd quarter 2015||99.9||101.1||2.0||7.0|
|4th quarter 2015||101.3||101.4||5.1||6.0|
|1st quarter 2016||101.6||102.3||4.2||3.8|
|2nd quarter 2016||103.9||108.3||2.6||9.5|
The prices for new small houses and flats have increased by 9.5 per cent from the 2nd quarter of 2015. From the 1st quarter to the 2nd quarter of 2016, the prices of new multi-dwelling houses have increased by 5.9 per cent. The prices are measured at the time of sale.
The prices for new detached houses increased by 2.6 per cent from the 2nd quarter of 2015 to the 2nd quarter of 2016. During the last quarter, the prices have increased by 2.3 per cent. The prices are measured at the completion date registered in the Cadaster.
The house price index for existing dwellings has increased by 4.3 per cent for detached houses, 5.4 per cent for small houses and 8.4 per cent for flats in blocks during the last year.
Prices of new detached houses and new multi-dwellings are collected at different stages in the building process. New detached houses are measured at the completion date registered in the Cadastre, while new multi-dwellings are measured at the point of sale.