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This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at 2013 se perfila como el peor año para el sector inmobiliario

2013 it outlines like the worst year for the real-estate sector

24/05/2013

24 May 2013

The year 2012 was the year of the big descent of prices in the real-estate sector, and the 2013 seems that it will be the one of the big fall in sales of house from the start of the crisis. In the INE have registered the worst data since they publish the statistics of real-estate transactions, that this year have fallen 21,5%, with regard to the first quarter of 2012.

As it explains the consultor real-estate Eduardo Molet, these data confirm what already was a reality for the professionals of the sector: the fall in the sales has surpassed all the forecasts, even although the banks have achieved to sell a lot of real estate thanks to discounts in the price of more than 60%. “If with the sales of the financial entities the fall is upper to 21%, this means that in the free market has not sold at all”.

The end of the desgravación fiscal, the restrictions to access to the credit hipotecario, the increase of the unemployment, the creation of the bad bank and his sale of houses with discounts of 50%... All this does, as it explains the consultor real-estate Eduardo Molet, that the first quarter of 2013 was, with difference, the worst that is living the real-estate sector since it began the crisis.

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