The residential property price index for the second quarter of 2024 was 112.86 units, according to preliminary data from the Statistical Service. Compared with the same period in 2023, the index increased by 2.5%. Compared with the first quarter of 2024, the indicator increased by 1.2%.
The Home Price Index (HPI) is a quarterly indicator that measures the change in average prices of residential properties. The calculation includes all types of residential properties, both new and existing. The value of the land on which the property is located is also taken into account.
