Its actually the reverse of what my title says, most reputable agents seem to give a far more accurate picture of how the market is compared to the Ministry of Housing´s fairytale figures. Interestingly, should some of the bigger developers or constructors have some spare cash lying around, there has probably not been a better time to acquire cheap land, materials and labour. Unfortunately though, there have been a massive array of casualities within this sector, details produced by the Fundación Colegio Libre de Eméritos Universitarios, point to 170,000 companies closing business within the construction sector, to quote in percentage terms that's nearly a quarter of the sector!
On a positive note, there does seem to be a steady upward trend in actual house price sales according to the Institute of National statistics, lets hope this tragectory is maintained for the rest of 2010. I am, to be blunt finding it hard to find anything other reliable information that points to anything else positive at this stage, I certainly won´t mention the results of the Stress Testing details of European banks, released today, well not until my next post.
