Approx number of complexes in Almerimar (30 as counted on google maps)
Average number apartments per complex 350
Total number of apartments = 10500
In one complex that I previoulsly owned I counted over 30 “For Sales” boards which is about 10% of the apartments in the complex. So if you use that as a guide and say that 10% of apartments in each complex are on the market then in Almerimar there should be around 1000 apartments “For Sale”
Fotocasa returns 144 apartments which is around 13% of the market.
BUT…..
For a great deal of those 30 complexes there are a significant number where virtually all the properties are for sale as they were completed 2008, 2009, when buyers were thin on the ground. So for Almerimar 10% of properties on Fotocasa is being generous.
What is definite is that since May the number of properties on fotocasa has increased by 25% so it’s almost certain that the total market has increased by 25% in this time and it continues to grow!
I was sipping my coffee in a Spanish bar right next door to one of the re-opened premises this afternoon and saw a steady stream of what appeared to be British people going through its doors.
It may well be then that they were sellers, not buyers.
Approx number of complexes in Almerimar (30 as counted on google maps)
Average number apartments per complex 350
Total number of apartments = 10500
In one complex that I previoulsly owned I counted over 30 “For Sales” boards which is about 10% of the apartments in the complex. So if you use that as a guide and say that 10% of apartments in each complex are on the market then in Almerimar there should be around 1000 apartments “For Sale”
Fotocasa returns 144 apartments which is around 13% of the market.
BUT…..
For a great deal of those 30 complexes there are a significant number where virtually all the properties are for sale as they were completed 2008, 2009, when buyers were thin on the ground. So for Almerimar 10% of properties on Fotocasa is being generous.
What is definite is that since May the number of properties on fotocasa has increased by 25% so it’s almost certain that the total market has increased by 25% in this time and it continues to grow!
well its certainly not a scientific approach youve come up with, but I suspect youre not a million miles away in believing the number is a lot higher than FC shows. I can see something similar in La Linea, FC has around 400 properties, I can say with some comfort that there’s far more than that, perhaps 3 or 4 times. We dont have empty blocks of flats here, its not a holiday town.
Perhaps your estimate needs to take into account that not all towns have huge empty complexes, certainly inland villages dont.
I suspect the number is at least 3 times, perhaps 4.
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