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Posted at 10:34 pm in News

85% Of these homes focuses mainly on the Mediterranean coast, Madrid, Castilla y Leon, and some areas of the North. Barcelona is the province that fewer new homes to sell accumulates. The report estimated that the stock will be 186,000 houses in 2015. The surplus of new unsold in Spain is 800,000 units, according to a report on the real estate sector of CatalunyCaixa at end of 2010. This is equivalent to 3.2% of the total Park, and which means that the surplus is kept constant over the same period of 2009, due to both supply and demand. The report highlights revealed that 85% of new housing pending sales in Spain is concentrated mainly in the area of the Mediterranean coast, as well as Madrid, Castilla y Leon, and some areas in the North of Spain.

Professor of applied economics at the UAB and director of the report, Josep Oliver, attributed it to the great weight of second homes and apartments on the coast, especially in Castellon, where the year past increased the Park’s new building at 12,000 units (+ 12.6%), since promotions launched in 2007 and 2008 are being finalized. Toledo, Alicante, Seville, Almeria and Murcia also rank among the provinces with the highest number of new housing by selling, while Barcelona is that fewer pending sales new Park accumulates. That is why Oliver concludes that price adjustment should be radically different to that in the Catalan capital, where missing the offer to existing demand, which on the Mediterranean coast. 138,000 housing units per year in the whole of Spain, the volume of works initiated in 2009 and 2010 conditions an entry in the stock of some 150,000 homes in 2011 and some 125,000 in 2012, figures that are slightly below the forecast of new homes in the medium term, estimated at about 138,000 per year until 2015. Thus, a surplus of 695,000 housing main at the end of 2010 it would be a stock of 186,000 in 2015, and the difference between new homes and surplus absorbed, 198,000 housing between 2011 and 2015, it would be unsatisfied demand, determined by the stock differences between territories. Oliver predicts that from this year removed the stock in most provinces, generating new production needs in a large number of territories, especially in Madrid and Andalusia, and significant imbalances will persist in other areas such as towns of the Mediterranean coast, with a heavy weight of second residence, in Tarragona, Murcia, Castellon and Alicante.

Written by admin on April 26th, 2013

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