Housing: Number of Finished Houses Falls 43.7% by November 2013

9/02/2014 – El Economista

Between January and November 2013, 59.581 dwellings have been finished in Spain. This means a decline by 43.7% comparing to the same period a year before (105.827 units), according to the data from the Ministry of Development gathered by Servimedia.

In 2012, their number shrank by 28.4% (120.206), linking 6 years of continuous fall. Since the 2007 peak (641.419 finished houses), the overall drop-off is equal to 81%.

Out of all  dwellings completed in the first 9 months of 2013: 99.2% (59.097) refers to private developers and 0.8% (484) to public administrations. In regard to 2012, the numbers dipped down by 43% and 76.6% respectively.

When it comes to private enterprise, 33.555 units were finished by trading companies (annual fall of 47%), 19.471 by legal persons and housing associations (-33.5%), 4.482 by cooperatives (-45%) and 1.589 completed by other type of private developers.

On the other hand, the value of building material liquidation performance went down by 42.7%, to €7.575 million.


Original article: El Economista

Translation: AURA REE