When speaking of the stock of new housing in Spain will usually make the mistake consider that it is evenly distributed throughout our country, so it is considered that the impact which is the number of houses in stock applies equally to the different English autonomous communities and provinces. This generalization surface of housing stock data is evident when, for example, bring up the data on the evolution of IPV for areas showing an increase in the fourth quarter of 2010 in Cantabria, Asturias, Galicia, Castilla La Mancha, Ceuta and Melilla, both recorded sharp declines in Madrid, Navarra, Aragon and La Rioja, followed by the Mediterranean coast in Valencia and Andalusia.
The reason these imbalances occur IPV in the evolution of the heterogeneous distribution of housing stock, which is already leading, as we say, that in certain areas of our geography, and based on the gradual depletion of the stock and the lack of real estate development, increases occur in housing prices. Thus, mainly in northern Spain, where housing supply is lower, falls in the price of it have been less than the national average and prices now are beginning to grow in positive rates, despite the persistence of The credit crunch to the development of new real estate projects and the weak purchasing power of potential buyers, which explains, Moreover, the low percentage figures of these increases in prices.
By contrast, in peripheral areas of big cities and especially in the Mediterranean coast (Catalonia, Valencia and Andalusia), which in 2009 was located 50% of housing stock in Spain , continuing the declines, although gradually more moderate than in previous months. It is also important to stress that this percentage, about 35% of the housing stock are intended for the second home for holiday use.
Although the number housing stock remains high *, you must correctly estimate its distribution so as not to distort the reality of market analysis and catastrophic surface, increasingly, are refuted by the data showing stabilization of our Real Estate -Builder, which will impact positively on our national economy as it did in the past.
MBQ Group
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