4 Nov, 2017 @ 17:25
1 min read

ON-THE-UP: Residential homes are filling the skies as property market grows in Spain

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ON-THE-UP: Properties are being completed

MORE residential properties are being completed now than any other time since the crash, latest figures reveal.

Between January and July, 33,085 homes, mostly apartments were finished according to the Ministry of Public Works.

This represents a 39% increase from this time last year.

In 2007 there were 641,419 properties completed, in the following year that figure plummeted by 94%.

Properties across of Spain became waiting rooms for investors.

However, this year private developments have gone up 37.4%, whereas local authority properties have actually decreased.

The total amount of money spent on finishing these buildings rose as well to just under €4.4 billion.

1 Comment

  1. “homes are filling the skies”

    Oh joy, how lovely for the Spanish skyline. The new skyscraper in Malaga port should also enhance the view of the Gibralfaro in the background. Not.

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