ReSale Property Spain

Spain had 614,000 new homes sitting unsold at the end of 2008 - lower than most analysts’ estimates - according to the first major survey of Europe’s most over-stocked home market.
Almost half of those are clustered on the over-developed coast according to the housing ministry study, which surveyed or visited 6,810 real estate companies [...]

Standing empty, slowly depreciating, unloved, and unwanted. That seems to be the fate that awaits 4 out of every 5 newly-built properties finished this year, according to an article in the Spanish daily El Mundo, based on the latest housing market statistics.
The problem is that Spain is still building far too many homes. New construction [...]