The price of urban land, which is between 40% and 60% of the total price of homes fell by 1.8% year to end 2010 to stand at 227.7 euros per square meter, representing a sharp moderation with respect to decrease of 19, 7% experienced in the third quarter that leads to 2004 levels, as reported today by the Ministry of Development.
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land prices Falling land prices had increased the decline between July and September last year, after experiencing setbacks around 15% of the first two quarters. Thus, the data from the last quarter yields a drastic correction.
In municipalities of over 50,000 land prices have fallen 3.3% annual rate, after stand at 528.4 euros per square meter.
Higher prices were recorded in the municipalities of over 50,000 inhabitants of the provinces Barcelona, \u200b\u200bwith an average price of EUR 1074.5 square meters, Madrid, EUR 1002.5, and Cantabria, to 645.2 euros. Lower prices within the municipalities of over 50,000 were in the provinces of Badajoz, with 80.6 euros per square meter, Ourense, with 86.3 euros, and Zamora, to 134.2 euros.
In the fourth quarter of this year were 5,186 urban land transactions, 21.2% more than in the previous quarter, but still 15.7% less than recorded in the same period of 2009. In the whole of 2010 were 21,220 urban land transactions, 6.3% less than in the previous year.
in municipalities under 1,000 population were 720 transactions, 0.1% more than the same quarter last year, for those with between 1,000 and 5,000, 1,381 lots were sold, This represents a 20% annual rate, in those with between 5,000 and 10,000, the number of transactions was 851, 17% less, at between 10,000 and 50,000 inhabitants amounted to 1,489, 19.3 % less, and in more than 50,000 the number of lots sold was 745, 10.7% from a year earlier.
surface transmitted in the fourth quarter totaled 5.9 million square meters valued at 1066.6 million euros. As to the fourth quarter of 2009, the interannual variations represent 8.2% less than surface broadcast and 12.2% less than their value.
In the whole of 2010 was passed 23.7 million square feet, representing 23.5% less than in 2009, with a value of 3970.9 million euros, 53 , 2% lower than a year earlier.
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