Good times for the economy, bad for housing

We know that when acatarra U.S., and Europe sneezes what happens there, I fear that is more than a winter flu, is portrayed to be something more serious, particularly real estate with an infection reduction of U.S. dollars and inflactitis. So the enferno presents us with some symptoms with a drop in the price of housing from 6.7% in October, or what is the same, 40 degrees and rising fever.

In Spain the diagnosis is something better, but also worrisome because according to the doctors inform us of idealistic, housing drops used in Madrid and Barcelona in 2007.

In Barcelona the drop was 2% putting its price in 4769 euros per square meter. In Madrid, the price fell by 0.3% and reached the 4262 euros per square meter, according data idealista.com, for which "the slowdown that started in the second half of 2006 has given way in 2007 at the earliest drops that, although mild, confirming the end of a cycle. "

Although as a side effect of these diseases, we have to savers who are the ones who are going to cover now, just look at the last tanks positioned Openbank that the interest rate on their deposits between 4.5% and 10% to Starting January. As always, these deposits are more fine print that Quixote pocket, but frankly beginning to be interesting.

And meanwhile, for the remainder of the deadly wages have lost between 9 and 20 points in purchasing power in the last decade by the burden of mortgage s. Mal did business with the Euro.

This is what shows the current economic insipid in these days of economic information with half of Spain holidays, among which, fortunately, myself included.

Written by Carlos Lopez on December 27, 2007 with 196 reviews
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