Number of assessments of real estate in Spain in the first quarter of 2011 decreased by 52% compared with the last three months of 2010. Such data leads the government.
This information was wake-up call for industry professionals. After the evaluation process of the property - a key part of many deals in the market. For example, when getting a mortgage without this step was unavoidable. Accordingly, the suspension of valuation indicates a similar reduction in sales.
Precise data on the number of transactions in the real estate market of Spain in the first quarter of 2011 the authorities to publish only on June 8, said www.Prian.ru. Nevertheless, judging by the reduction in orders for the assessment of the fall will be significant. For example, in the Spanish province of Malaga the number of ratings fell by 97%.
According to analysts, the worst that can happen now in a crowded real estate market of Spain - is reducing the number of actual transactions. Despite the continuing fall in property prices, housing costs still remain high, and the number of unsold objects on the market is still large.