New data on housing prices to debate
29.03.2010
Regarding to the index of house prices (IPV) from the National Institute of Statistics (INE), the housing prices fell only 0.4% in the fourth quarter, leaving the total fall in 2009 to 4.3%. According to this indicator, in less than a year properties have fallen from 7.6% to three percentage units less.
Second-hand housing is recovering the best. According to INE, it only had the fall of 3,5% annually, compared to 12,5% which was lost in the first quarter of 2009.
For the part of new properties falling is slower and fell 5.1% in 2009 versus 5.6% decline that marked his worst. Despite everything, it is the first improvement for prices of new homes since 2007
Results by regions
The largest increases in the
annual variation occurred in the regions of Madrid, which rised more than five
percentage units, from -11.0% in the third quarter of 2009 to -6.6% in the
fourth, and Catalonia, which stands at -7.0%
The only annual change rate low on the previous quarter observed in the
autonomous city of Melilla and recorded eight tenths down 3.0% in the fourth
quarter of 2009.
INE has made their statistics using the values of notary, which in their opinion, "provide the most adequate information to monitor the prices of home ownership within the parameters of comparability and consistency required by Eurostat”.
Housing ministry that uses data from appraisers, reported earlier this year that the housing prices in Spain had fallen by 6.2% in 2009.
See the charts and the original article from here.
