According to the latest data from the National Institute of statistics, free housing fell by 4.1% in the first quarter of this year. Compared to the fourth quarter of 2010, the price drops 3.5%. The prices of the flats began to fall in the second quarter of 2008. Free housing prices fell by 4.1% in the first quarter compared to the same period of 2010, more than two points lower than the rate recorded in the previous quarter (- 1.9%), according to the price index of housing (IPV) the Institute Nacional de Estadistica (INE). In this way, are already twelve consecutive quarters in which housing prices have negative annual rates. The housing prices began to fall in the second quarter of 2008 (- 0.3%) and bottomed out in the second quarter of 2009, when fell by 7.7%, to start the path of moderation. Thus, the annual reduction of prices during the first quarter of the year occurs after registering a negative variation throughout the past year, with falls that ranged from 2.9% in the first quarter and 1.9% in the fourth.
On quarter (Q1 on Q4), free house prices fell 3.5%, against the decrease of 0.1% experienced between October and December. Housing type, the price of new housing declined in the first quarter a 1.9% annual rate, two-tenths more over that recorded in the previous quarter (- 2.1%). Used housing experienced an annual reduction of 6.3%, representing a decrease of almost five points from the fourth quarter of the previous year, when fell 1.6%. All the autonomous communities declined in annual rate, housing prices in the first quarter. In particular, larger interannual falling prices them scored are La Rioja (- 7.8%), Navarre (- 6.4%), Aragon (- 6.2%), Cantabria (- 6.1%) and Catalonia (- 5.5%), while minor descents corresponded to Galicia and Murcia (- 2.4%), Asturias (- 2.6%) (-3%).