The supply of properties for sale fell by 8% in the fourth quarter of 2023, compared to the same quarter of the previous year, according to a study published by idealista, southern Europe's real estate marketplace. In the third quarter of 2023, the year-on-year fall was 4%.
Up to 45 provincial capitals have fewer properties on the market than a year ago
Most Spanish provincial capitals now have fewer homes for sale than a year ago. The highest drop was in Zamora and Santander, which reached 28%. These are followed by Avila (-26%), Santa Cruz de Tenerife (-23%), Toledo (-22%), Ceuta and Granada (-20% in both cases).
Among the large markets, supply also fell significantly in Palma and Valencia (-17% in both cities), while the reduction in stock was 14% in Barcelona and 13% in Alicante. Malaga (-8%), Madrid (-4%) and Seville (-2%) all saw single-digit reductions.
Even so, in six provincial capitals, the available supply increased: Cuenca (11%), Huesca (8%), Pontevedra (7%), Zaragoza (3%), San Sebastián (3%) and Pamplona (1%). In Cadiz, stock levels have not varied.
Supply falls more in Madrid province (-5%) than in Barcelona province (-2%)
At the provincial level, the situation was similar over the last year, although fewer provinces increased their available stock. Zamora recorded the largest drop in supply, which was 21% less than a year ago. It was followed by Lleida, Almeria and Avila (-17% in the provinces).
Supply fell 5% in the Community of Madrid and 2% in Barcelona province. Guipuzcoa, for its part, saw its housing stock grow by 5%, the same increase as in Zaragoza, while in Huesca, it remained stable.
Data compiled and analysed by idealista/data, idealista's proptech, which provides information for a professional audience to facilitate strategic decision-making in Spain, Italy and Portugal. It uses all the idealista database parameters in each country and other public and private data sources to offer valuation, investment, recruitment and market analysis services.
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