Real estate Spain

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Francisco González Aragón Group moderator
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Housing starts, construction completions, sales, and excess inventory – graphic view
I came across this chart at idealista.com, one of Spain’s leading property portals, and thought it worth sharing with you. It shows how dramatically Spain’s new housing inventory grew during the boom years.

According to this chart, the glut stopped growing (0% change) in 2010. We can only hope it turns substantially negative in 2011 and beyond, meaning the market is digesting the excess housing inventory. The Spanish economy is in desperate need of it.

Source, with chart, at Spanish Property Insight blog: http://bit.ly/hcihHY
- 13 Jan 2011, 12:42 pm
Francisco González Aragón wrote: > I came across this chart at idealista.com, one of Spain’s leading > property portals, and thought it worth sharing with you. It shows how > dramatically Spain’s new housing inventory grew during the boom > years. > > According to this chart, the glut stopped growing (0% change) in > 2010. We can only hope it turns substantially negative in 2011 and > beyond, meaning the market is digesting the excess housing inventory. > The Spanish economy is in desperate need of it. > > Source, with chart, at Spanish Property Insight blog: > http://bit.ly/hcihHY