After much time breathing the beaten property sector. Is that in the second quarter of this year, free housing prices recorded a rise of 1.6 percent over the first three months of the year, according to the report before yesterday by the National Statistics Institute (INE) .
This is a great relief to the housing industry, and that since the outbreak of the economic crisis, back in October 2007, this is the first positive quarterly interest rate for this sector. From April to July, prices fell by 0.9 percent over the same period of 2009, this data reinforces the trend that had been estimating, to the free fall of home values.
Moreover, the price of new construction also slowed his fall, from a low of 4.2 percent in the first three months of 2010, a low figure of 1.7 in the second quarter. The story of second-hand or used, for its part, remained at the same level, ie a rate of 0 percent, which contrasts with the 1.4 percent decline experienced in January and March.
Based on these data, experts are already talking of a market approach to a phase of stability, but since Appraisal Society suggests that the prospect of an increase in VAT from the month of July, may have had influences on the early realization certain operations, which have prevented a more pronounced decline in some cases.
There is optimism in the sector, but also very cautious, because the annual rate falls and the behavior is different according to geographical location.
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