In so far this year, the price of apartments has dropped 3.5% and 5.7% in the last twelve months. From the record high posted in April 2007, housing accumulates a fall of 26.2% in Spain. The price of apartments low in 12 of the 17 autonomous communities. The adjustment of prices of the flats did not finish: 2011 continues to be another year of falls. According to data from real estate fotocasa.es index July, floors have dropped by 0.1%. Thus, in what we carry of the year, the price of housing has dropped by 3.5%, and 5.7% in the last twelve months. According Fotocasa, the average price of housing in second hand in Spain stood at 2.178 euros per square meter (/ m2), representing a slight decrease of 0.1% compared to the price of the month of June. Floors recorded its all-time high in April of 2007, date that reached an average of 2,952/m2 value.
Since then they have accumulated a fall of 26.2%. Fotocasa data follow the same trend as the last statistics from the Ministry of development. According to its latest report, the price of housing falls 5.2% in the second quarter of 2011. The low price in 12 autonomous communities in 12 of the 17 communities analyzed by fotocasa.es low the price of housing in July. Most outstanding falls are those of Galicia (2.2%) and Cantabria and Extremadura (both with a decrease of 1.3%). Other communities recorded decreases between 0.8% of Navarre and 0.1% of Asturias. The price rises in five regions. Aragon with an increase of 1.0% is the community in which the price of this month more rises.
Followed by Canary (0.8%), Comunidad Valenciana (0.7 per cent), Madrid (0.6%) and La Rioja (0.3%). Basque country does not undergo variations in price (0.0%) compared with the month of June. The five communities with the most expensive price of housing for sale in July are Basque country (3,642/m2), Catalonia (2.888/m2), Madrid (2,828/m2), Cantabria (2,369/m2) and Navarra (2368/m2).