Gipuzkoa is where prices fell more housing last year

Gipuzkoa was the place in Spain where prices fell more housing last year. He did so by 8.8%, well above the Spanish average (3.5%) and Basque (3.4%). Despite the cuts, is still the place with the highest prices in the state, with an average of 2,721 euros per square meter, exceeding Vizcaya (2685), Barcelona (2491) and Madrid (2465). Cheaper allowed trading market recovery. 5,839 flats were sold, 23% more than in 2009 and 10% more than in 2008. Consequently, we must go back to 2007, the last year of 'boom' property, to find a better figure. The 7,057 transactions recorded then are, however, still far from last year's activity. Are data released yesterday by the Ministry of Development, following the quarterly statistics did the defunct Ministry of Housing. The findings seem to show that owners of property in Gipuzkoa last year surrendered to the evidence and assumed that finding a buyer should be somewhat less ambitious in their financial claims. If the rest of Spain the price collapse was experienced in 2008 and, especially, in 2009, Gipuzkoa resisted and falls considerably below average. Until last year. Gipuzkoa was not only the province with the highest drop in prices. Additionally, stops short cuts that were comparable in their provinces, the highest price. Vizcaya, for example, was down only 0.3% in Álava, 1.7% and in Barcelona, ​​3.2%. Something came over cuts in Navarra (6.2%) and Madrid (5.9%). The downgrade was a result as fast as the market logic. A lower prices, more buyers and more transactions concerned. Last year, more apartments were sold in 2008 and 2009, but a more detailed analysis of transactions to discover that the increase was not widespread. The new low following the Private vendors were more likely than developers and builders to give up some of the profits in exchange for closing the sale. The data is revealing in this regard. Sales of second-hand flats rose by 64% from the 2,488 transactions recorded in 2009 to 4,093. The new housing market, however, continued its slump. Just 1,746 new apartments were sold, 22% less than 2,241 last year and just over half the 3,010 sold in 2007. Real estate industry sources note that while "the preferred particular seller lower the price and make the sale, the developers are better able to weather the storm and can afford to wait, even a couple of years to see if prices recover somewhat '. It is not the only factor that explains the continuing drop in sales of new promotions. Everyone knows that today are built much less than three years and therefore the number of signs 'for sale' is also much smaller. With the fall of last year, house prices have fallen 11% in Gipuzkoa since early 2008, when the square meter was 3,061 euros. A cut below the Spanish average, where this time the lowering was 13%, and Basque (-12.8%). Irun, Renteria, Eibar Despite this modest cut, and away to start a downward spiral, the price of apartments in Gipuzkoa rose slightly in the last quarter of 2010 compared to September, when the value of the housing market reached its lowest level in three years with 2,709 euros per square meter. In the final stretch of the year, thanks to increased sales, prices rose a slight 0.4%. Encouraging data also offer prices in cities with over 25,000 inhabitants. In the case of Gipuzkoa, Donostia more expensive area, with 4,230 euros per square meter for apartments less than two years and 3,709 for those with greater seniority. In the latter case, it remains Irun (2679), Renteria (2622) and Eibar (2244).