[katy]

According to diariosur developers in andalucía have 13,000 apartments still unsold. They will take years to clear 😯

[Fuengi (Andrew)]

Hi Katy, are you sure the figure is 13.000? seems quite low for all andalucia.

If the figure is accurate, that was the amount of new builds sold in the first 3 months of 2010 in andalucia (approx).

[Anonymous]

That figure is laughable. I can think of a few small areas where there are way more than that in each one. At a guess I’d put the figure for Andalucia alone at somewhere between 100k & 200k.

Would these be the same developers who proudly announced two years ago that house prices had bottomed?

[katy]

I thought the figure was high just for andalucía 🙂 Haven’t read the whole report as I am busy.

http://www.diariosur.es/v/20110328/marbella/bancos-frustran-plan-junta-20110328.html

According to this they have only sold 200!

[Fuengi (Andrew)]

appears they were promoting 13.000 properties (out of the total).

If I remember correctly 2 years ago there were approx. 45.000 new unsold properties in the province of Malaga.

I would assume in all of andalucia for the figure to stand now at 150.000 (finish/unfinished).

[katy]

My memory must be failing this morning 😆

It’s all these reports that property is now selling like hotcakes….I am starting to believe all the hype on here 😉

[angie]

Now in the bad old days katy, some of the notorious agents (now in Thailand etc) would buy these up and put an extortionate mark-up on them, dupe masses of Brits with (you cannot lose) and celebrate their high commissions swigging bubbly in Banus, having well and truly shafted their countrymen. 👿

IMO, I’d say the figure of unsold new-build in Andalucia was higher than 150,000 still, then of course there’s all the re-sales. 8)

[Author]

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