In the second quarter of 2022, the price index of houses (IPAB) purchased by households, for housing or investment purposes, according to preliminary estimates, increased by 2.3% compared to the previous quarter and by 5.2% compared to the same period of 2021 (it was + 4.5% in the first quarter of 2022).
Istat notes this, explaining that the trend increase in house prices is attributable, in particular, to those of new houses that grow by 12.1% (a sharp acceleration compared to + 5.0% in the first quarter).
The prices of existing homes are also growing (+ 3.8% from + 4.4% in the first quarter).
Istat reports that these trends "occur in a context of persistent and lively growth in sales volumes" (+ 8.6% the trend increase recorded in the second quarter of 2022 by the Real Estate Market Observatory of the Revenue Agency for the residential sector, after + 12.0% in the previous quarter).
Also on a cyclical basis, the increase in the IPAB, the price index for both new and existing homes, equal to + 2.3%, is attributable to both the prices of new homes, which grew by 6.8%, and those of existing ones. which increased by 1.4%.
The IPAB acquired rate of change for 2022 is + 4.4% (+ 3.6% for existing homes, + 8.3% for new ones).
In the North-West, in the North-East and in the South and Islands, the trend rates continue to be positive and accelerating compared to the previous quarter (respectively from + 4.8% to + 5.5%; from + 5.4% to + 6.8% and from + 3.1% to + 4.5%).
In the Center, price growth slowed down slightly (from + 4.5% to + 4.0%).
House prices are on the rise in all cities for which the IPAB is issued.
In Milan, on an annual basis, they increased by 8.3%, an acceleration compared to the previous quarter (it was + 6.4%) with a surge in prices for new homes (+ 16.9%).
Rome follows where there is a trend increase of + 4.8% (it was + 3.3% in the previous quarter).
Only in Turin was growth more contained and equal to 1.0%, decelerating from + 3.8% in the previous quarter.
"It is confirmed and accelerates - writes the
Istat - the trend growth in house prices that has been underway for three years now, with those of new houses recording the highest growth rate since the IPAB time series is available (+ 12.1%).
Pending the third quarter data, this price dynamics, together with the renewed liveliness of volumes sold (+ 8.6%), shows a residential real estate market that is still expanding between April and June of this year, despite international tensions. and the difficulties deriving from high inflation ".
