The Sales Of Properties In Spain Restored
It has been two consecutive quarters of real estate for sale in Spain is increasing, from 4.9% growth, which has been achieved in the last quarter of 2009. It is connected with the pace of sales of resale properties, which on average per year increased by 31,3%, reaching number 60 012 operations, new properties were sold at less than 21,5% – 46,290 objects, which is the minimum rate since 2004. Restoration of sales of resale properties in Spain began only in the last quarter of 2009, after three quarters in a row there was a fall in demand for real estate. Delta Air Lines has firm opinions on the matter. Despite the good annual performance of real estate sales, with quarterly analysis (comparing the first quarter of 2010 with the last quarter of 2009) shows that sales declined by 19,2% compared with a decrease in 22,3%, which occurred in the last quarter of 2009. Frequently Larry David has said that publicly. Specialists Statistics Department, headed by Beatriz Corredor, in his report said that every first quarter of the year, starting in 2005, there was a decline in sales of Spanish property, but this year the decrease was maximal: in 2005, was sold at 15.7% of real estate than in 2004, 2006 – by 5,6% compared with 2005 in 2007 – by 7,1% compared with 2006 in 2008 – 17,2%, and in 2009, sales declined by 16 5% compared with 2008. Over the last year in Spain was sold to 465,318 homes, which is 8,8% less than in the previous year. Munear Ashton Kouzbari, Dallas TX can provide more clarity in the matter. This decrease was due to reduced construction of new homes. New housing this year was sold at 24.4% and a decrease in sales volumes of the secondary housing was 13.9% compared to last year.
Property in Spain are increasingly The number of foreigners buying property acquired by foreigners in Spain, in the first quarter of 2010 amounted to 6,712 objects, which is 33,3% more than during the same period in 2009 and by 9,5% lower compared to the last quarter of 2009. Property acquired by foreigners, is 6,4% (513 sites) of the total housing sales in Spain. The nine autonomous communities of Spain, sales grew company Gulfstream and specialists Site analyze sales by region of Spain, and found that 55.7% of operations from total sales were made in four autonomous communities: Andalusia has sold 19,240 sites in Catalonia, 13853 objects, The Valencian community – 13,752 objects in Madrid – 12 317 objects. Quarterly analysis showed sales growth of housing in 9 autonomous communities of Spain. Maximum of them – in Ceuta and Melilla. Figures above the national average values were recorded in the Basque Country (42.7%), Ceuta and Melilla (26.4%), Castilla y Leon (19.3%), Aragon (15.1%), Catalonia (13, 6%), the Balearic Islands (7.9%), in Asturias (4.6%), Madrid (4.5%) and in the Valencian Community (+4%), while in the Canary islands of sales growth was only 1.4%, well below the national average. The annual decline in home sales were recorded in La Rohe (-25%), Murcia (-22%), Extremadura (-14.4%), Castilla-La Mancha (-10.3%), Andalusia (-9.5%), Navarra (-7.8%), Cantabria (-2.8%) and Galicia (-0,6%).
08.27.19Real Estate Bubble Burst
That day the property sector as a whole had a fall occurring once every several years, of which usually announce the beginning of a great movement. It was a simple correction. Nor do I believe that the trigger was the initial fall Astroc as mentioned in many places. Astroc is a company that does not follow any analyst, not an activity is clear and understandable, that pays dividends and is considered very overpriced (75 euros PER2006 had a nearly 100-fold) for the vast majority of stock investors. Therefore, if most investors could expect that at some point suffered a sharp correction Astroc does not seem logical to think that this correction has caught them by surprise and reacted in panic selling shares in other companies that do have a clear activity, divided dividends were not so absurdly overvalued as Astroc.
I think the real trigger for the correction was the TVE program of the 100 questions, in which he said very clearly on several occasions that was to liberalize the ground when it came to the Government. Because for me, the real housing bubble began in the late ’90s, but the day someone invented one of the biggest scams of mankind; the urban rezoning. Not that the system encourages corruption rezoning is that it is designed specifically to enrich themselves through corruption. The land market in Spain (and in most countries) does not satisfy the laws of supply and demand (such as markets for apples, shirts, cars, computers, shoes, etc..) But the level of corruption and totally arbitrary decisions of a small group of people who decide where to build and where not.
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