Re: Re: Fotocasa hits 400,000

#101426
adiep
Participant

@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 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.

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