This is an archived release.
Prices for new dwellings increase
The prices for new dwellings have increased over the last year.
|Price index||Percentage change from the same quarter of the previous year|
|Total||Detached houses||Multi-dwelling||Total||Detached houses||Multi-dwelling|
|3rd quarter 2015||100.7||99.9||101.1||5.2||2.0||7.0|
|4th quarter 2015||101.4||101.3||101.4||5.6||5.1||6.0|
|1st quarter 2016||102.1||101.6||102.3||4.0||4.2||3.8|
|2nd quarter 2016||106.7||103.9||108.3||6.7||2.6||9.5|
|3rd quarter 2016||108.4||103.9||111.1||7.6||4.0||9.9|
New small houses and flats have become 9.9 per cent more expensive compared with the same quarter last year. During the last quarter, the prices of new multi-dwellings have increased by 2.6 per cent. The prices are measured at the time of sale.
The prices for new detached houses have increased by 4.0 per cent from the 3rd quarter of 2015 to the 3rd quarter of 2016. During the last quarter, the prices have been stable. The prices are measured at the completion date registered in the Cadaster.
The prices for new dwellings have increased by 7.6 per cent from the 3rd quarter of 2015.
The prices for existing detached houses have increased by 5.6 per cent since the same quarter last year. The prices for existing small houses and flats have increased by 9.0 and 12.7 per cent respectively in the same period.
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.