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Madrid Real Estate

Posted by on October 24, 2016

Developers Association of the Autonomous Community Madrid (ASPRIMA) published the results of market studies of new residential properties during kotorogobylo analyzed 8626 real estate. This is a "technical reserve", necessary for the smooth functioning of the real estate market. Experts ASPRIMA warned that now is the time in a matter of urgency to begin the construction of new homes to avoid falling sales housing and not to provoke in a short time a sharp rise in property prices in Spain. According to the completed and unsold residential properties, provided in the report ASPRIMA Study offers new residential Real Estate in the autonomous community of Madrid "at the end of 2009, according to the association was built 47 637 houses, and according to information provided by the Ministry of Housing, these objects were registered only 40 560. Conducting research in partnership with property valuation TINSA, ASPRIMA examined how many new homes are for sale in various regions of the autonomous community of Madrid. After analyzing the proposal housing communities in 50 cities, where 93% of the total population and that by about 90% of all transactions of purchase and sale of new properties, experts have come to the conclusion that surprised even themselves.

According to the results study in 50 cities where data were collected for analysis, there are 5606 completed and unsold real estate in the new neighborhoods that are ready to move in less than 80%. This figure should be on the 1294 facility more which are located in areas with a higher degree of readiness for 863 more housing units that are in the city, and 863 more of the property, which are located in other parts of the community to Madrid, which the analysis not taken into account. In total, according to experts ASPRIMA, currently has 8626 residential units, ready for use, but not yet sold. Some of the developers who participated in the study were surprised when we heard that in the analyzed regions of 5606 properties completed and sold, and that only 3248 units of which are currently in the market. The remaining 2357 objects in the courts handed over to the social housing and they do not have certificates of title (2224 units), or a shelter, which has so far removed from sale (133 units). As a result, according to experts, putting those properties that are in unfinished housing estates, as well as those who have not yet started building, we find that sales of new neighborhoods in the cities analyzed, there are about 9466 homes. As explained by the site, this report provides an occasion for joy developers Madrid Community, as it means that urgently need to start again to build property in the region to meet the demand for housing, which according to Juan Blasco, Deputy Minister for Housing, environment and distribution of territory, 50 000 houses per year. Jose Manuel Galindo, President of the association of developers, explained that the land available for development in Madrid enough to build 499 238 houses, of which 84 879 objects have already been completed, 17 764 at the final stage, 40 579 objects in the urban has not yet started to build outside city limits could still build for the future 356 016 properties. Therefore, it is strongly recommended to his colleagues to begin construction as soon as possible to prevent a sharp jump in prices, which will be inevitable in short supply. Source: Evrodomik

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