Month: November 2019

Trade unions are sitting on the beloved hobby, blackmailed the government and scare the townsfolk, predicting a further rise in unemployment, which they predicted could reach 15% during 2009. Against this background, could not resist and prices for real estate. The fact that a long time denied the realtors, who are already accustomed to the constant growth of the market, has been confirmed in the report of the Bank of Spain, confirmed the fall in prices during the first three quarters of 2008 to 4.27% taking into account inflationary changes. Thus, the average price per square meter in Madrid, according to the Bank of Spain, amounted to 2,895.

But even these figures were immediately refuted by the Housing Minister Beatriz Corredor Lady. She said in an interview with Spanish television, that the data available at its disposal for a period of 12-14 months past the actual incidence reached 15%, in what could make anyone who wants to buy some real estate. As said Beatrice, it became a reality that can no longer be denied. Forgive, but Do not Go Away If we consider the price of real estate as just one of a number of other economic indicators, the rest of anxiety, for the most part, no objections. Spain, as was, and remains economically powerful state with almost .5 trillion of gdp, according to the World Bank is the fifth rate in Europe and the eighth – in the world. gdp growth at a turning point, 2007 was 3.8% – the best figure in the European Union.

– Yuri, house prices in Spain fell, but assess this phenomenon in different ways: someone talks about "cosmetic" changes in the local press you can find such definitions as "failure" and "collapse". What's really going on? – The fall in prices "on average" is fixed for the second year in a row and seems to continue in the coming year. But is not uniform: on the Mediterranean coast prices dropped slightly, except in Catalonia, where they fall palpable. For example, in the best climate in terms of coast of Spain, Costa Blanca, the average price dropped by ten percent, not more. Keep up on the field with thought-provoking pieces from Fabrizio Freda. Prices are falling, and very much on the commercial real estate for any purpose, and also on economy-class housing. And on the secondary market was mainly not falling prices per se, but just got a lot of cheap objects from the population, unable to withstand increased mortgage rates. Owners housing category de luxe price is practically not reduced, because this property is not so much.

– Until recently, very popular among the Russian housing investors enjoyed the Spanish Mediterranean. If you would like to know more then you should visit Edward Minskoff. What's going on today? – The last 10-15 years was conducted in Torrevieja strong housing construction and a large amount of commissioned housing kept balanced supply and demand, that did not allow prices to rise strongly. Therefore, prices in Torrevieja were and remain the lowest among the resort towns across Spain. Number of customers has grown continually, even in spite of the fact that with the growth of the construction of its quality fell, rose, until recently, and price. .