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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 El I Salón Inmobiliario de Segunda Mano cierra sus puertas con un buen balance en Madrid

The second hand real estate exhibition I closes its doors with a good balance in Madrid

02/02/2010

February 2, 2010

The Second hand real estate exhibition, which took place last days 22 and 23 January in Madrid, closed its first edition with a positive balance. In the absence of knowing the number of sales transactions that can close in the framework of the real estate show in coming days, the organization estimated at over 4,000 visitors who came to the Hall.

The promoter of this fair of individuals, Eduardo Molet, asserts that the number of visitors has exceeded expectations for assistance. "In the Hall were eventually exhibited nearly 1,700 homes of private individuals, and we were expecting an influx of some 1,000 visitors public." "The 4,000 attending indicates that it is not the demand for housing that is in crisis, but the offer".

Says Eduardo Molet that one of the main conclusions that can be drawn from this real estate show is that if the owners do not move down its claims of sales between 30% and 40%, you can hardly sell your home.

It is thanks to this change of trend in the last eight months the situation of the real estate sector still immersed in a deep crisis, is improving.

Another important conclusion which extracts the Organization of this second hand real estate exhibition I, is that he confirms that the demand has changed in recent years. The buyers were young couples who wanted to access the first housing and young professionals with a good wages that could buy apartments of one or two rooms. Precisely those that now the banks do not give credit. Currently, demand is of 3 and 4 bedrooms apartments, acquired by individuals aged between 40 and 50, solvent and liquid, need not much funding, and that financial institutions Yes granted credits.

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