Kiko Lyaneras, creator of the site enSilicio.com, examines the decline in property values in Spain, based on available data. He succumbed to widespread criticism dissimilarity information in respect of data, depending on who their provides. Lyaneras believes that "the simple question" How much prices have fallen? "Is actually very difficult to answer. We have a large amount of information, but they are inaccurate, inconsistent, and although it is believed that these data are the same, they are a bit different. " Therefore decided to compile Lyaneras data from three sources, which are considered the most important and significant: the normative price of real estate (Ministry of Housing), the estimated value of the property (data Sociedad de Tasacion – the leading organization for real estate valuation expert – approx. interpreter) and a starting price of housing sales in the secondary market (as a source of data he chose idealista.com). Thus, we have three interesting graphics: Lyaneras said that this figure raises some doubts on the one hand, "there does not appear" black "payments, that would mean that the real decline in prices was in fact a large (if we assume that the "black" payments have little value) "and the other – new housing goes into the ownership of several months late, after it was agreed the final price. Regarding the assessment of housing, the author points out that "the valuation of the property always seems surrounded by skepticism: after all, this method is partly subjective, and its results depend on the interests of agents (eg banks) and it seems to me that when assessing the value of property is generally underestimated, even though it is convenient for home buying on credit. " Relative price index of the expert notes that "this is the starting price and no final, and that should expect that market shrinking, as now, the negotiations will be tougher, and therefore the final price will be much lower than claimed. " The same was said and on idealista.com, where it is noted that the final prices often much lower than initially announced due to personal negotiations between the buyer and seller. From the findings Lyanerasa can say that prices continue to drop, and trying to give a definite answer on how to how much property prices in Spain fall, meaningless, because the price of each home depends on many factors, such as "area, type, age or location of the property." And finally Lyaneras emphasizes the importance of tracking data on the number of transactions, as an indicator to "anticipate future sector." Source: Property in Spain