11/12/2009
A year and a half ago, Alicante had a stock of 52,000 unsold new apartments, according to information from the association of real estate developers Provia. This figure gradually fell until, at the beginning of the spring and in the midst of the recession, the association informed that the accumulated stock had fallen to 35,000 units. Now, a report by Caixa Catalunya indicates a significant improvement in the problem of lack of sales and immobilization of capital suffered by constructors.
The Catalan savings bank reports that of Spain’s five most important provinces (Madrid, Barcelona, Valencia, Alicante and Seville) Alicante currently has the lowest stock. It informs that the surplus offer is 1.3% of the total properties available, a percentage not only lower than the national average of 2.6% but also much lower than that of the provinces most affected by the burst housing bubble.