The supply of housing for sale in Spanish capitals fell by 4% year on year
The stock of real estate available in the provincial capitals has fallen by 4% in 2021 compared to 2020 due to the increase in transactions.
The amount of housing available in the provincial capitals has fallen by 4% compared to the previous year due to the increase in the sale and purchase of homes. According to the study published by idealista, the real estate marketplace for southern Europe, the stock of used housing currently stands at 187,000 homes, compared to 196,000 in 2020.
We cannot speak of a general trend, since in 14 provinces we witness the opposite tendency: increase of the available supply. Specifically, Ceuta (19%) is where the options for buying a home have increased the most, followed by Ourense (16%), León (15%) and Córdoba (13%). With growth of over 10% we find Jaén (12%), Girona (10%), Palencia (10%) and Cáceres (10%).
We cannot speak of a general trend, since in 14 provinces we witness the opposite tendency: increase of the available supply. Specifically, Ceuta (19%) is where the options for buying a home have increased the most, followed by Ourense (16%), León (15%) and Córdoba (13%). With growth of over 10% we find Jaén (12%), Girona (10%), Palencia (10%) and Cáceres (10%).
The supply of real estate available for purchase fell in capital cities of Spain due to activity on market
The city that is closest to a possible stress situation is Pamplona, as the available stock has fallen by 28% year-on-year. Similar declines have been recorded in Santander (-23%), San Sebastian (-22%), Teruel (-22%) and Zaragoza (-22%).
Of the large markets, the decreases in Madrid and Valencia, both with 11% less available housing, are the ones worth noting. Seville (6%), Malaga (5%) and Bilbao (2%) complete this top. Barcelona is not so lucky, being the only one in this group to have seen a 7% increase in available housing supply compared to last year.
Of the large markets, the decreases in Madrid and Valencia, both with 11% less available housing, are the ones worth noting. Seville (6%), Malaga (5%) and Bilbao (2%) complete this top. Barcelona is not so lucky, being the only one in this group to have seen a 7% increase in available housing supply compared to last year.
Madrid has 11% fewer homes for sale
Despite the fact that in most areas of Madrid the amount of housing for sale has decreased, we can see that there are some districts where the supply has increased. Carabanchel (3%) and Tetuán (2%) are the two examples which have followed the opposite trend, while Vicálvaro represents the largest decrease with 42% less stock compared to last year. Chamartin (29%), Arganzuela (25%) and Moratalaz (25%), Hortaleza (22%) and Fuencarral (20%) have also seen large falls.
The only large market to increase its supply is Barcelona (7%)
In the same way as in the Spanish capital, the increase has not been homogeneous and there have even been decreases in some districts such as Sant Andreu (-14%) and Sarrià-Sant Gervasi (-2%). The dominant trend has been the increase in supply, as shown by the percentages in different districts such as Nou Barris, with an increase of 34%. Sants-Montjuïc (24%), Sant Martí (13%) and Ciutat Vella (10%) remain in double digits. Below 10% are Horta Guinardó (9%), Les Corts (8%), Gràcia (7%) and Eixample (2%).
Source: expansion.com/inmobiliario/viviendas/2021/10/11/61640795468aeb18048b4600.html
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