The demand for homes in Spain will reach 500.000 per year between 2004 and 2008
According to the ‘Asociación de Promotores y Constructores Españoles (APCE)’ this represents a progressive gradual decrease in comparison with 2003, when 650.000 homes were built and sold. The continued demand for new homes further adds stability to the construction sector and the Spanish economy is relatively unaffected.
The report signifies a continued decent, reaching a level of 425.000 within the next ten years.
Of the 500.000 homes to be sold annually during the periods 2004 through to 2008, it is expected that the purchases will be divided in the following manner:
41% (200.593) will be main residence to Spanish buyers
18% (89.417) second homes to Spanish buyers
15% (72.813) overseas buyers
8% (39.360) to be bought by immigrants
19% (93.042) from other sectors
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