81% drop in new development since 2007 Favourite Spanish Property Insight › Forums › Spanish Property Forums › Real Estate Topics, News & Discussion › 81% drop in new development since 2007 This topic contains 0 replies, has 1 voice, and was last updated by SPI News Feed 5 years, 9 months ago. Author Posts June 18, 2013 at 4:48 pm #57612 SPI News FeedParticipant Completion of new builds in the first quarter of 2013 is down 43.5% in year on year terms. The period saw the completion of 17,020 properties compared with 30,151 during the same 3 months in 2012. The year on year statistics for 2013’s first quarter also show that completion of developments by private developers is down 42.8% while those developed by the public sector have fallen 82.9%. The number of new properties coming onto the market has fallen for 5 consecutive years and since 2007 (when 641,419 new properties were completed) has registered a total fall of 81%. The number of completions of new developments continues its precipitous fall Author Posts The forum ‘Real Estate Topics, News & Discussion’ is closed to new topics and replies.