housing

Information published by the Catalan Ministry of Public Works shows that real estate transcations went down 22% in the third trimester after 3 trimesters of consecutive increases.

80% of Catalan municipalities registered decreases or stock stagnation during the 1st trimester of the year. For the 2nd trimester of the year, Catalonia registered decreases in real estate stock for the first time since 2006.

Catalonia has experienced the 8th month in a row of continuous increases in housing sales in relation to the same month of last year. This data confirms the slow recovery of the sector. However, in comparison to July 2010, housing sales dropped 6%.

The data compares to July of 2009 and confirms an 8-month trend of continuous increases. For the rest of Spain, there has been an increase of 16.4%. This data confirms construction market’s recovery.

Economic crisis is hitting some families unmercifully. 40,000 families that could not pay back their mortgage have lost their homes, according to a study made by the General Workers’ Union (UGT) and a consumers association presented today. A judicial procedure that permits banks and savings banks to survey homes and put them up for auction for 50% of their value is putting thousands of families in the risk of social exclusion.

Official figures indicate that around 7,700 buildings were built in Catalonia in the first six months of 2010; more than half the number constructed in the whole of 2009

The Barometer of confidence in the housing sector indicates a restoration of trust for the first time since the beginning of the economic crisis

The Housing Prices continue to decrease but in a smaller pace. Housing prices in Catalonia have dropped by 2.3% compared to last year. In the Spanish state, a drop of 3.6% was recorded.

It is the 6th month in a row that the sales of houses and flats have grown in Catalonia. 30% more flats have been sold in relation to last year, confirming the recovery of the market.