real estate

Real-estate prices up 7% end of March 2021

May 26, 2021

(TAP) - The real-estate price index edged up 7% end of March 2021 compared to the same period last year, the National Institute of Statistics (INS) said Tueday.

This is notably explained by the 14.4%, 6.2% and 6.1% rise reported in the prices of villas, buildable lands and condos, respectively.

Compared to the fourth quarter (Q4) of 2021, the real-estate prices went up 2.3% following the 3% increase in the prices of houses and lands and the 0.8% for condos.

Land transactions also edged up 16.8 during Q3 of 2021, mainly prices of buildable lands (+18.6%), condos (+11.8%) and villas (+6.1%), the INS specified.

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