The price of resale homes in Catalonia has registered its largest increase since records began: in the third quarter of this year, it soared by 11.7% compared to the previous year. However, this surge has not been enough to surpass the peak prices recorded during the housing bubble at the beginning of the century. It is the only housing indicator that has not yet reached 2007 levels. This is according to the latest data from the Housing Price Index (HPI) published this Friday by the National Institute of Statistics (INE). In Catalonia, the price of new homes grew by 7.6%, well below the most dynamic quarters – the first three months of 2015 saw a 12% increase – and overall – combining new and resale homes – it rose by 11.3% in the third quarter, below the levels recorded in the first half of the year.

Housing prices in both Catalonia and Spain as a whole continue to rise, and in the first quarter they registered their largest increase in 18 years, according to data from the Housing Price Index (IPV), published this Friday by the National Institute of Statistics (INE).

Housing prices are already growing at rates more typical of a world without pandemic. According to data published Wednesday by the Spanish National Statistics Institute (INE), buying a home in Catalonia in June was 3.2% more expensive than a year ago and 2.5% more than three months earlier. All this coinciding with a period that several professional sectors involved in the real estate market have been celebrated as the best in sales in fourteen years.