he last real estate yearbook of A & Asociados consultancy reflects that half of all Spanish provinces will take between 6 and 10 years to get through the current oversupply of houses, whether new or second hand properties, at the current pace of home sales.
Only Madrid and Navarre can boast of being the provinces where the time needed for stock liquidation is lower: from 2.5 to 3.5 years.
This means that after this period of time the market saturation caused by the crisis will be at a minimum. This is, therefore, still a great time to invest in Madrid.
According to the firm, the ideal time for the excess supply to be absorbed will be in around 3.2 years.
And taking into account that there are currently 1.65 million houses for sale, this premise will only be achieved by Madrid and Navarre. As for the national average, the calculated time of running out of stock at the end of 2014 was 6 years. However, these data are only on average and it is necessary to look at the differences depending on whether new households or second hand ones are being considered, and whether they are houses situated in a metropolitan area, a sea-side area or elsewhere.