This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at España cierra 2010 con 687.523 viviendas en stock
Spain closes 2010 687.523 residential units in stock
05/07/2011
July 5, 2011
Accumulated stock.
New building housing surplus generall 687.523 units at the end of 2010, which means a decrease of 0.08 per cent over the surplus accumulated as of 2009, according to the report of the Ministry of public works on new housing stock. This is the first decline in the surplus of the historical series that starts in 2005.
In relative terms, the fall of 2010 continues the trend of the previous two years in which will had moderate the pace of growth of the stock, in a way more accused in 2009. Thus, last year, the trend of slowing-down of the accumulation of the stock peaked, reaching slightly reverse the rate of reduction in new housing construction was similar to 2009, while transactions recorded some recovery.
