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In Spain remain unsold more than 500,000 homes

10.08.2016
Homesoverseas.ru editorial office
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According to the latest data from the Ministry of Public Works of Spain on 31 December 2015, Spain remained unsold 513 848 residential units, which is 5.6% lower than at the end of 2014 (544,363 objects). It is reported portal Kyero .

Thus, the supply of unsold homes in Spain is gradually reduced. 'Peak' rates were recorded in 2009, when new owners could not find 649,780 residential units.

In 2015, the number of vacant homes has decreased in all regions except Madrid, which has increased markedly sphere of housing construction. More than 10% of the volume of unsold residential properties decreased in the provinces of Navarre, Vizcaya, Lugo, Guadalajara, Malaga and Cadiz.

In the regions of Valencia, Catalonia and Andalusia have to 49.53% of the total unsold objects, and most of them are located in Alicante (8.42%), Barcelona (8.34%), Madrid (8.2%), Castellon (5, 18%), Valencia (4.91%), Murcia (4.7%), Toledo (4.36%) and Almeria (4.02%).

Experts point out that out of the total supply in the Spanish property market unsold housing is 2.01%, and the complexity of the sale is in its competition with the new modern projects. "Excessive" offer appeared on the market during the boom times - after its completion the construction progressed considerably, and new objects appear more attractive to buyers.

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