National Institute

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In particular, the fallen majors inter-annual of prices wrote down La Rioja (- 7.8%), Navarre (- 6.4%), Aragon (- 6.2%), Cantabria (- 6.1%) and Catalonia (- 5.5%), whereas the smaller reductions corresponded to Murcia (- 2.4%), Asturias (- 2.6%) and Galicia (- 3%). The prices are also continued fitting Other measurers indicate that the adjustment of the prices has not finalized. This Tuesday, the Tinsa valuer assured that the price of the free house registered in May a inter-annual fall of 5.9%, against the backward movement of 4.4% of April, and she was placed in the level of prices of May of 2005. Also the data of the month of May of the Real estate Index, indicate that the average price of the house of second hand in Spain is placed in 2.203 Euros by square meter ( /m2), which supposes a reduction of 0.5% respect at the cost of the month of April. According to Fotocasa, if the evolution of prices is analyzed in which we took of year, an accumulated fall of 2.3% is stated, whereas if the twelve months are analyzed last (the calculated inter-annual variation of May of 2010 to May of 2011), the accumulated fall is of 5.5%. The sales fall, increase the oustings By all this, it is no wonder the sale of houses has fallen to historical minimums. That one that can buy is hoping to that the prices lower more.

According to the NSI, the transaction of houses before fell 29.7% in April with respect to a year, until registering, with 24,100 operations, the smaller number of the historical one of the National Institute of Statistic, that began in 2007. And according to another official data, the one of the Ministry of Public Works and the Economy, the sale of houses fell 30.4% in the first trimester of the year with respect to the same period of 2010, with 74,540 operations. The crisis adds an element more to the joint photo, darkest: the oustings marked an historical record in the first trimester. According to the General Council of the Judicial Power, the families evicted in the first trimester of the year were 15,491, an historical record. In the beginning of the crisis, in 2008, the oustings as soon as they were about 5.000. The initiated procedures of ousting in the Spanish courts in the first trimester were a 36.3% more than the same period of the previous year. Source of the news: The price of the extreme house already three years consecutive of falls

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