Real estate for sale decreased by 10% in Madrid, but increased by 5% in Barcelona

Real estate for sale decreased by 10% in Madrid, but increased by 5% in Barcelona

In the first quarter of 2022, the supply of residential real estate for sale in Spain decreased by 1% year-on-year. Below are the data published in the Idealista research report on the state of real estate markets in Southern Europe.

With the exception of Barcelona, the capital cities of Spain record a decrease in the supply of real estate on the market.

To date, in most of the capitals of the Spanish provinces, there are fewer residential buildings for sale than there were on the market a year ago. Below are some examples:

  • In Santander, a 27% decrease;
  • In Teruel and San Sebastian, a 24% decrease;
  • In Soria, Pamplona and Zaragoza, a 23% decrease;
  • In Cadiz, a 20% decrease;
  • In Valencia and Guadalajara, a 19% decrease;
  • In A Coruña and Cuenca, a 15% decrease.

Slightly smaller percentages were recorded in the cities of Bilbao (-14%), Seville (-14%), Madrid (-10%), Palma (-9%) and Malaga (-8%).

On the other hand, in Valladolid, the volume of available supply on the market has become 5% higher than in the first quarter of 2021. In Barcelona, the growth was 5%. The cities of Castellon de la Plana, Valencia and Granada also grew by 5%.

Growth was also observed in 10 more cities, the leaders among which were Haun (13%), Caceres (12%), Ourense (12%) and Ciudad Real (8%).

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