Provinces with the largest number of resale properties
Real-estate portal Idealista has surveyed resale properties for sale in Spain and determined the areas with the most property opportunity.
In Spain, there is a total of 25.5 million properties in existence. Out of this number, 2.7 percent are up for sale and classified as a second-hand or re-sale property.
According to real-estate portal Idealista, 693,200 second-hand homes are waiting to be sold across the country, but the stock of properties are not spread out equally amongst the regions and provinces.
The provinces with the greatest number of second-hand properties for sale are Madrid (71,504), Barcelona (61.241), Valencia (51,500), Alicante (47,710) and Malaga (41,179). These are also some of the most popular areas with property purchasers and residents in Spain in general.
At the other end of the scale, the provinces with the fewest number of re-sale properties for sale include Soria (943), Teruel (1,501), Zamora (2,409), Cuenca (2,455) and Palencia (2,808).
However, despite the fact that the majority of second-hand properties for sale are concentrated in the largest markets, according to data from the Department of Public Works, Malaga is the province that has the greatest number of re-sales for sale in relation to the total number of properties within the province, with 4.5 percent of its total.
Also above 4 percent of their total number properties within the province are Almería (4.2 percent) and Cantabria (4.1 percent).
Following these three provinces are Vizcaya (3.8 percent), Alicante (3.7 percent) and the Balearic Islands (3.7 percent).
When compared with the total number of properties in general, Madrid only has a stock of 2.4% of second-hand properties for sale, while Barcelona only has 2.3 percent.
The provinces with the smallest percentage of re-sale homes for sale in relation to the total number of properties are Soria and Ourense with 1.2 percent each. They are followed by Cáceres (1.3 percent), Teruel (1.3 percent) Badajoz (1.4 percent) and Jáen, León and Cuenca all with 1.5 percent.