empty-houses-spainSPAIN’S surplus of new homes should be filled by 2018.

There are currently 389,000 vacant new builds across the country, but property appraisal company Tinsa say these hopes will be absorbed in the next three years.

A total of 1.56 million new homes have been built since 2008, with around 25% still unoccupied.

Almeria has the highest level of excess housing, with 38.9%, followed by Cuenca (37.1%); Castellon (36.1%); Toledo (34.7%) and Murcia (32.7%).

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