As the Spanish property market recovery consolidates,
the number of new unsold homes continues to fall, new report shows.
There were a total of 459,876 residential homes,
which had been completed but remained unsold at the end of 2018, representing a
fall of 3.6% from the previous year, according to new data released by Spain’s
Ministry of Development.
Spanish property prices have grown by
14.4% since the market bottomed out in February 2015, but with May figures
showing the fourth consecutive month of rises that have been less than 5%, is
the market recovery finally slowing down?
Nationwide property prices rose by 3.6% in May, compared with the same month last year, according to leading property valuation firm Tinsa.
Unemployment levels could drop
below 3million for the first time since 2008, new figures suggest.
Unemployment figures maintained
the downward trend during May with a fall of 2.66% (or 54,075), taking the
total number of people registered as unemployed to 3,079,491, according to Spain’s
Ministry of Employment. During the month, employment levels reached 19.44
million – the highest level ever reached during the month of May.