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 La ministra de Vivienda ve una ligera estabilización del mercado inmobiliario
The Housing Minister sees slight stabilization in the housing market
18/09/2009
September 18, 2009
The Minister of housing, Beatriz Corredor, explained that "data from real estate transmissions of the last quarter experienced an improvement compared to the previous quarter of almost 8%, ratified by the statistics of the INE indicating a weekday rise of 4.7%," which, "Although supposed to annual figures continue down, indicates that the decline is easing," said.
This increase of transmissions is, according to the Minister, "consistent with the increase in 1.2% of the mortgage loan business", that translates into more than 61,000 loans in the second quarter for a total of EUR 7 billion.
