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BIG REDUCTION IN THE NUMBER OF SPANISH PROPERTIES FOR SALE

Posted on Monday, 27 October 2014 12:07PM by
The supply of unsold homes in Spain will shrink to 563,000 units in 2015, a 40 percent decline from 2010, a new report suggests.

An uptick in sales by foreign buyers and institutional investors is cutting into the supply, according to the latest edition of the Pulsometer real estate report prepared by Spanish Realtors Association, in collaboration with the Institute of Business Practice (IPE) and the National Network of Qualified Property Consultants (RAIC).

  • 770,000 new UK citizens favour Spain over other European countries for retiring to.
  • Spain 2014: 27% of a record number of visitors that flocked there were British.
  • Strength of Sterling against the Euro is great for buying property or holidaying in Spain
This trend has continued into 2016