Most new build property in Spain already sold say developers

November 12, 2007

According to an article in the Spanish daily ABC, the association of Spanish developers (APCE) asserts that almost all of the 1.6 million new properties built in Spain over the last 3 years have already been sold, refuting claims that 1 million newly built Spanish properties remain unsold. The association also argues that reports of 800,000 odd housing starts each year are substantially exaggerated, as this figure relates to planning approvals, not all of which get built. According to the Spanish housing ministry’s figures 665,000 new properties were started last year, and 597,600 were finished. For an extensive choice of new and off plan property for sale in Spain on the Costa Blanca and Costa Calida, visit the Novocasa website.