The tensions between supply and demand in the housing market are evident. The supply of available homes has decreased in the province of Las Palmas by 49% since its peak at the close of the fourth quarter of 2016.
In the country as a whole, the reduction has been 39% since the peak reached in the second quarter of 2019, according to a study published by idealista.
By provinces, the largest drop occurred in Vizcaya and Álava, with 70% less supply, followed by Segovia (-67%), Guadalajara (-66%), Cantabria (-66%), Navarra (-65%), Valencia and Huesca (-64% in both cases).
In the Community of Madrid, it has decreased by 60%, while in the province of Barcelona it has remained at 34%.
Alicante and Jaén, on the other hand, are the only provinces with a drop of less than 20%: -17% in the province of Alicante and -19% in Jaén. They are followed by Cáceres with a reduction of 20%, and then Málaga (-27%), Murcia (-31%) and Granada (-32%).
In almost all capitals of province (45 of 52), the supply has fallen by half or more, with Valencia being the city in which the stock of homes has decreased the most: 78%.
They are followed by Segovia and A Coruña (with -77% in both cases), Cuenca, Santander and Bilbao (-75% in the 3 cities), followed by Santa Cruz de Tenerife (-74%), Ávila (-74%), Vitoria (-73%), Pontevedra (-73%), Guadalajara (-72%), Toledo, Salamanca, Zaragoza and Pamplona (-71% in all 4 cases).
