Black Shirt Black Tie

said in a previous post that year increases in sales of homes they had touched 20% in February, presaged a good year for the sector and that follow this trend could call 2010 the year of the resurrection estate.

Done and studied the first quarter, the Ministry of Housing has published its own report on its official findings: in the first three months of 2010 were 106,302 homes sold in Spain, which representing an increase of 1.5 %.... therefore to halt the promising results that were expected. If we find reasons to find them new housing transactions, with the worst on record data from the ministry is aware, never in its time series had behaved so badly the sale of new construction housing .

While the total purchases and maintaining the recovery that began in late 2009, thanks to sales of second hand following a spectacular increase of 31%.

solution? the usual, in short one: that a couple can buy a house with an average salary should lower prices, how much? perhaps with declines of between 10% and 20% in cities like Madrid and Barcelona seem enough, so yeah ... provided that the couple had discussed to give input on 20% of the floor and another 10% to cope with the costs of sale.

The price of housing is not the only factor but now really is the most decisive, we should move in a wage-price relationship similar housing to that of other Western countries with which we compete:

While In Spain the average house price is 212,000 euros for an average salary of 21,500 euros, it makes no sense that the average price of a U.S. housing over 100 m2 and garage included with something like 151,000 euros! or an example of a European country, in the case of United Kingdom we are talking about 184,000 euros average price for an average salary of 46,000 euros. Charge double and it costs them much less, there is the problem of housing in Spain. The equation has two solutions, or climb the salary or lower the price of houses.

At this point we can address the other big question: Why it works better second-hand housing the new work ....? Because homeowners sell second-hand sales drowned and accept 10 or 20% allowing the couple we face is serving as an example the sale of that home. By contrast, developers and big construction companies do not give as banks cover their debts. That for now, we'll see when the banks have problems accessing finance and becomes the tortilla.