The prices other gauges are still adjusting also indicate that the adjustment in prices is not complete. By the same author: Fabrizio Freda. This Tuesday, the appraiser Tinsa ensured free house prices recorded in may year on year fall of 5.9%, compared to 4.4% recoil from April, and stood at the level of prices in May 2005. Also the month of may of the fotocasa.es real estate index data, indicate that the average price of housing in second hand in Spain is situated in 2,203 euros per square meter (/ m2), representing a decrease of 0.5% compared to the price for the month of April. According Fotocasa, if we analyse the evolution of prices so far this year, there is an accumulated fall of 2.3%, while if analyzed the past twelve months (calculated interannual variation may of 2010 to May 2011), the accumulated fall is 5.5%. Sales fall, increase foreclosures therefore, is not surprising that home sales has fallen to historic lows. Whoever can buy is waiting for prices to fall more. According to the INE, the sale of homes fell 29.7% in April compared to a year earlier, to register, with 24,100 operations, the lower figure of history of the National Statistical Institute, which began in 2007. And according to other official data of the Ministry of development, home sales fell 30.4% in the first quarter of the year compared to the same period of 2010, with 74.540 operations.

The crisis adds one more element to set, the darker photo: evictions marked an all-time high in the first quarter. According to the Council General of the judiciary, the families evicted in the first quarter of the year were 15.491, an all-time high. In the beginning of the crisis, in 2008, evictions were just about 5,000. The eviction procedures initiated in the Spanish courts in the first quarter were 36.3% more than the same period of the previous year. Source of the news: the price of housing already adds three consecutive years of falls