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The number of homes for sale (resale and new build) as a percentage of the overall housing stock is an interesting figure because it helps you evaluate how over-supplied (or under-supplied) the market is.
I’m trying to compare Spain to other countries on this metric. Can anyone help?
I’ve worked out that in spain there are approx.:
2 million homes on the market
26.5 million homes in total
So 7.5% of the total housing stock is on the market. Sounds like a lot to me, but how does it compare to other countries?
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