The buying and selling homes sank 21.3% in October, expected recovery
| Date: December 15, 2009 | Source: Sources |
| Category: Economy | |
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Loading ... The sale of homes, the thermometer that measures the health of each month real estate, still below zero. In October, the INE data show an annual decline of 21.3%, with a total of 33,060 operations, the worst since April.
Neither fairs and flea markets these months, no rebates or offers the succulent supposedly banks are having an effect on sales. Registration is also lower than the previous month (12.1%), compared with 10% increase in September when more than 37,600 closed sales.
The October year decrease is more intense than in September (-17.2%), when the INE statistics again double-digit declines. Although in October exacerbated the decline year of house sales, this fall is one of the lowest in the entire series.
Sales transactions in 2009 (INE):
- January - 33 528 (free) | 4403 (Protected) | 37,931 (TOTAL)
- February - 30 822 (l) | 3847 (w) | 34669 (T)
- March - 31 096 (l) | 3799 (w) | 34895 (T)
- April - 26 251 (l) | 2966 (w) | 29217 (T)
- May - 30 617 (l) | 3395 (w) | 34012 (T)
- June - 31 841 (l) | 3531 (w) | 35372 (T)
- July - 33 694 (l) | 3345 (w) | 37039 (T)
- August - 30 995 (l) | 3024 (w) | 34019 (T)
- September - 33 276 (l) | 4345 (w) | 37621 (T)
- October - 29 975 (l) | 3085 (w) | 33060 (T)
- TOTAL - 312 095 (l) | 35740 (p) | 347 835 (T)
Except for July, August and September 2009 (-20%, -9.9% and -17.2%) and April 2008 (-7.1%), reduced annual October this year can be considered the lowest since January 2008 when the series begins.
The drop in the pace of housing transactions in 2009 have moved around 20% with a maximum of 47.6% in April
Keep in mind that house sales have moved usually falls over 20% with a maximum of -47.6% in April this year.
Falling new home sales
As was the case last month, the decline of these transactions was greater in the case of new homes, whose sales fell 28% year on year to 16,778 operations. This drop is much higher than that experienced in September (-19, 5%). Those used only fell 13% per year to add 16,282, down 14.4% year on year.
On month, the transactions of previously owned homes showed a decrease of 6.9% compared to September, while new homes fell by 16.6%. In the first ten months of the year, has sold 33.3% fewer than second-hand properties and 23% fewer new homes than in the same period in 2008.
The number of free housing borne sale fell 21.8% year on year in October and 29.3% so far this year, with 29,975 transactions, while the public housing fell by 16.3% over October 2008 and 16% in the first ten months, to add 3085 transmissions.
