The housing development grows at the slowest pace in the decade.

The housing development in Spain reached 25382 million units at the end of 2012, which means an advance of 0,5% in reference to the previous year, the smallest annual growth in the last decade, according to the Ministry of Infrastructure.

71,3% of the housing development corresponds to principal residences, which reach 18,11 million units, although they have barely grown an 0,11% when compared to 2011.

A higher growth, 1,7%, can be found in the secondary residences development which finished 2012 with a total of 7,27 million units, 28,7% of the total.

Since the beginning of the crisis in 2008 and until the end of 2012, Spain added 1,35 million units to its housing development, half of the amount added in the previous five years (2,55 million units), during the construction boom.

During these years, the total stock of homes grew at annual rates of up to 2,5%, which contrasts with the increases of 0,5% and 1,3% seen since the crisis started.

In the last decade (2002-2012) the stock of homes has added a total of 4,35 units, with an evolution from 21,03 million homes at the end of 2001 up to 25,38 million Euros at the end of 2012.

Four regions (Andalucía, Cataluña,Valencian Community and Madrid) gather more than half of the total stock of homes (56,5%). Andalucia has 4,4 million homes, while Cataluña has a total of 3,88 million residences, the Valencian Community, 3,15 million and Madrid, 2,9 million homes.

On the other side, the regions with the most reduced stock are La Rioja with 200.183 homes at the end of 2012, Navarra (312.305 homes) and Cantabria with 360.627 homes at the end of last year.

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