Resale Homes
The price of previously owned homes has continued to decline in 2010, but in some communities are already beginning to see a price increase over the last quarter of 2009.
The data suggest that lower prices are stabilizing in the entire Spanish territory and in some communities are even beginning to climb. If we consider the quarterly change we can see that the average price of resale homes remains stable, with minimal decrease of -0.1%.
This year the price of housing has gone up and in ten regions and it appears that the real estate market trend will be that. Those who have experienced the highest increases were: Catalonia and Asturias by 3.3% to 2.6%.
Sales of previously owned homes is growing dramatically in Barcelona
The floor-hand purchases experienced in just one month an increase of 61.6%.
The Promoters and Builders Association of Barcelona reported yesterday that home sales both new construction as the second hand have experienced significant growth. While the bosses of the Catalan estate said it was too early to speak of a trend, if it is true that most houses sold: 10% more than in December and 11% more than in January 2009.
As a logical consequence of mortgages granted by financial institutions increased by 14.4% in January.