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Spain Has 457,000 Unsold New Homes

Half of the unsold new homes last year was concentrated in the Valencian Community, Catalonia and Andalusia.

proyecto residencial de Pryconsa con vivienda de obra nueva en Carabanchel Madrid

At the end of last year, Spain had 456,918 unsold new homes. According to data from the Ministry of Transport, Mobility and Urban Agenda, this figure has been falling since 2010 and represents a 30% drop on the peak recorded in 2008, when it was close to 650,000 units.

In total, the country had a housing stock of more than 25.8 million homes in 2020, 0.3% more than a year earlier and the highest figure in the history of the series, which began in 2001.

Last year, the stock of unsold new homes fell by just 0.04 points compared with 2019, a far cry from the 7% drop in 2012 or the 5% decline in 2014.

Read the full article in Spanish


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