The real estate price index edged up by 15.4% in the second quarter of 2021 (Q2), compared to the same period in 2020, the National Institute of Statistics announced on Friday.

This is mainly due to the increase by 23.7% in house prices (compared to an average of 5.1% in 2015-2020), but also to the rise by 15.9% in the building land prices (the average is 5.7% in 2015-2020) and 11.6% in the flats prices (the average is 7.7%).

Compared to Q1 2021, the real estate price index went up by 6.8%, due to the rise by 7.8% in house prices, 6.7% in building land prices and 6.6% in flat prices.

The INS pointed out that the volume of real estate transactions dropped by 11.1% in Q2 2021, compared to Q1 2021.

This decline was mainly recorded in transactions relating to houses (12.7%) and building land (12.2%). Transactions for flats decreased by 5.3%.

Source: TAP News Agency