So far in 2017, in the Community of Madrid new housing sells well. However, we must point out that there are two clearly differentiating factors which have different rhythms. Generally speaking, the northern and the western regions of Madrid stand out against the rest due to their constant activity supported by an incessant market demand. We can even say that some municipalities located in the north and the west of Madrid are running out of stock regarding housing as it is becoming more and more difficult to buy new housing there. On the other hand, the southern part is the exact opposite. Here, few real estate deals are carried out or they follow a much slower pace. We have already written about the situation regarding housing in the Community of Madrid at the end of 2016. In that article, we mentioned that there had been a positive development throughout that year. In 2017, the cost consultant company Tinsa, shows with facts and figures that the sale of new housing is booming even though there is a great difference depending on the area.
DIFFERENCES DEPENDING ON THE AREA
According to the facts and figures shown by Tinsa, there are five municipalities in the Community of Madrid where a large number of new housing that comes onto the market is sold. These are Alcobendas, Tres Cantos, Pozuelo de Alarcón, Torrejón de Ardoz and San Sebastián de los Reyes. Alcobendas stands out against the rest as it boasts about not selling only 3,4 % of its new housing. This fact makes the town the number one in all the community regarding new housing sales. The second town is Tres Cantos with a surplus of nearly 4%, whereas the other three aforementioned municipalities have 7,5% of unsold new housing. These figures prove what we have already said, and thus we can see a steady stream of deals which take place in several municipalities in the northern and western area of the community. On the other hand, we must point out that Aranjuez has a hard time selling new housing: more than 41% of its new housing is not sold. Nevertheless, in 2015 it was more than 64%, so we can state that there has been a reactivation in that area, in spite of the low figures in sales. Arroyomolinos and Fuenlabrada come next with 32,5% and 30,8% respectively of unsold new housing.
THE OVERALL BALANCE
According to Tinsa, the overall balance of unsold new housing since 2008 in the Community of Madrid, is slightly above 16%. Nationwide, this figure amounts to 21,4% which shows that Madrid improves the national average. However, if we want to reduce these figures there is still a long way to go. Experts state that in order to achieve this, a key factor is to boost financing policies which will enable the consumer to buy new housing.