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Now showing over 400,000 proprerties for sale in Spain.
1 May — 325,000
1 June — 336,000
1 July — 350,000
1 Sept — 360,000
1 Oct — 377,000
1 Nov — 400,000Rate of properties coming on to the market is definitely increasing over Sept-Nov.
I am being very generous in guessing that fotocasa shows 10% of the market…
Hence I estimate 4 to 5 MILLION properties for sale and increasing!!!!!
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Yes, I think 10% is a pretty good estimate.
Here’s the calculation.
Approx number of complexes in Almerimar (30 as counted on google maps)
Average number apartments per complex 350Total 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!
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@jp1 wrote:
Yes, I think 10% is a pretty good estimate.
Here’s the calculation.
Approx number of complexes in Almerimar (30 as counted on google maps)
Average number apartments per complex 350Total 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.
BTW, its now 402k
http://www.fotocasa.es/Search/results.aspx?t=&l=0&tti=1&prchti=2&bti=2&bsm=&opi=36&cu=es-ES
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Actually, I love browsing fotocasa, here is one of my old favourites, looks like an ex-brothel
pretty cheap, know any … ahem maybe not.
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This looks like a fun project if the vendor will come down by 30k http://www.fotocasa.es/vivienda/langa-del-castillo/casa-de-pueblo-con-mucho-jardin-123852138
wonder if its legally habitable.
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@adiep wrote:
This looks like a fun project if the vendor will come down by 30k http://www.fotocasa.es/vivienda/langa-del-castillo/casa-de-pueblo-con-mucho-jardin-123852138
wonder if its legally habitable.
€89k
Plot 450m2
Built 800m2
Bed / Bath: 5/1
Best of all, the condition is described as ‘good’
Fun project or big headache?
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