Spain Lowers Another

In which we took of year, the price of the floors has fallen a 3.5%, and a 5.7% in the last twelve months. From the registered historical maximum in April of 2007, the house accumulates in Spain a fall of 26.2%. The price of the floors lowers in 12 of the 17 Independent Communities. The adjustment of prices of the floors has not finished: 2011 continue being another year of falls. According to data of the month of July of the Real estate Index fotocasa.es, the floors have lowered a 0.1%. In this way, in which we took of year, the price of the house has descended a 3.5%, and a 5.7% in the last twelve months. According to Fotocasa, the average price of the house of second hand in Spain is placed in 2.178 Euros by square meter ( /m2), which supposes a slight reduction of 0.1% respect at the cost of the month of June.

The floors registered their historical maximum in April of 2007, date in which reached an average value of 2,952 /m2. Since then there are accumulated a fall of a 26.2%. The data of Fotocasa follow the same tendency that the last ones statistics of the Ministry of Public Works and the Economy. According to its last report, the price of the house falls a 5.2% in the second trimester of 2011. The low price in twelve Independent Communities In twelve of the 17 communities analyzed by fotocasa.es low the price of the house in the month of July. The most outstanding falls are those of Galicia (2.2%) and Cantabria and Extremadura (both with a reduction of the 1.3%). The rest of communities registers reductions between 0.8% of Navarre and 0.1% of Asturias. The price raises in five regions. Aragon with an increase of the 1.0% is the community in which the price of this month raises more.