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October 14, 2013

Real estate is getting more cheaper more in Spain

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Among the countries inside the European Union (EU), Spain holds the first place in terms of decline in the value of residential and commercial real estate.

According to official data, the European statistics agency Eurostat, in the second quarter of 2013, the cost of real estate in Spain fell by 10.6 %. The fall in prices between April and June and compared with the first quarter of the year was 0.8 %. In the countries of the euro coin on average the figure is equal to 2.2% and in the EU property values fell by 1.3 % in the general indices.

In general, in the whole Europe continues the process of reducing the value of residential real estate. According to the statistics of the authorities responsible for the maintenance of appropriate statistics, Spain is the second country in the European Union by the speed and level of decline in the value of properties for the second quarter of 2013, in which there was a noticeable drop in prices compared to the same period in 2012. Only in Croatia drop in property values was 19.7 %, significantly higher than in Spain. In the Netherlands was registered a decline in housing prices by 7.5 %.

At the same time, in some EU countries have registered an increase in property prices. For example, in Lithuania, housing became more expensive by 8.8 %, in Estonia by 8.1 % and in Luxembourg at 5.1%.

Evolution of the value of real estate indices derived agency Eurostat, include all types of residential property purchased by citizens (houses, apartments, flats, etc.) , both in primary and secondary real estate market.

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