Housing supply for sale in Spanish provincial capitals fell by 4% year-on-year

Housing supply for sale in Spanish provincial capitals fell by 4% year-on-year

The volume of available real estate in provincial capitals decreased by 4% in 2021 compared to 2020 due to the growth in the number of purchase and sale transactions. According to a study published by the Idealista portal, the volume of secondary housing on the market amounts to 187,000 homes compared to 196,000 in 2020.

It is impossible to speak of a general trend, since 14 provinces show the opposite dynamics — an increase in supply. In particular, Ceuta (+19%) showed the highest growth in home buying opportunities. It is followed by Ourense (+16%), León (+15%) and Córdoba (+13%). Growth of over 10% was recorded in Jaén (+12%), Girona (+10%), Palencia (+10%) and Cáceres (+10%).

The city that came closest to a possible stress situation is Pamplona: the available housing stock decreased by 28% year-on-year. Comparable decreases were recorded in Santander (-23%), San Sebastián (-22%), Teruel (-22%) and Zaragoza (-22%).

Among large markets, decreases in Madrid and Valencia stand out — in both cities available housing became 11% less. Seville (-6%), Málaga (-5%) and Bilbao (-2%) complete the list. Barcelona turned out to be the only large market where supply grew by 7% compared to last year.

Madrid has 11% less housing for sale

Despite the fact that in most districts of Madrid the volume of housing for sale decreased, in a number of districts the supply increased. Carabanchel (+3%) and Tetuán (+2%) went against the general trend, while Vicálvaro showed the biggest decrease — 42% fewer properties compared to last year. Chamartín (-29%), Arganzuela (-25%), Moratalaz (-25%), Hortaleza (-22%) and Fuencarral (-20%) also demonstrated significant drops.

The only large market with supply growth is Barcelona (+7%)

As in the Spanish capital, the growth in supply was not uniform, and a decrease was recorded in a number of districts: Sant Andreu (-14%) and Sarrià-Sant Gervasi (-2%). The predominant trend was supply growth, which is evident from the indicators of various districts: Nou Barris leads with an increase of 34%. Sants-Montjuïc (+24%), Sant Martí (+13%) and Ciutat Vella (+10%) remain in double digits. Below 10% are positioned Horta-Guinardó (+9%), Les Corts (+8%), Gràcia (+7%) and Eixample (+2%).