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In May the average value of residential real estate in the country decreased by 0,4% on the previous month.
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According to the President of the Association of Developers and contractors of Spain (APCE), José Manuel Golinda, the country's market "digest" the stock of unsold properties for a country holiday for four to five years. Overabundance of "core" homes will be sold out within two to three years.
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The government sharply criticized for relief in respect of foreign property buyers admitted in the past few years, and gradually begins to harden its approach to them.
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According to experts, the cost of housing in the emirate of decline following the current year by 15%.
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The total value of transactions in real estate in the country I grew up in the quarter by 10% compared to the same period last year.
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Over the past week in the biggest city of China has sold 60 thousand square meters. m of residential property, which is the lowest weekly level since 2005.
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In the first quarter of 2010 prices of second homes in the country declined by only 0.9% on the previous and on 1,5% - in annualized.
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In April, the average cost of objects on the secondary housing market of the country increased by 0,8% on March.
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In I quarter of the country experienced a slowdown in housing price decline and the growing number of transactions. Nevertheless, analysts are in no hurry to make optimistic forecasts.
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Average price of residential property in the country declined in April by 5,6% on March. However, compared with last April prices rose by 1,2%
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