Housing prices show restraint in their growth

The price index for the first quarter of 2020, released today by the National Institute of Statistics, reflects quarterly growth of 3.2%. This is four-tenths less than the growth with which it closed the fiscal year 2019 (3.6%).

The increase is in line with the trend of recent quarters, although it is the smallest since 2015. The price decline already expected by 2020 could be accelerated by the current economic situation caused by the coronavirus.

But some analysts believe significant declines in pre-owned home prices and regularization will be expected from a market that is looking to stabilize. In fact, the Fotocasa real estate index data for May remains in line with the data recorded at the end of 2019, with the average used home price falling 1.1% in May.