According to the data of the Statistics of the stock of new housing in Spain prepared by the Ministry of Public Works, in 2018 the stock was reduced to 459,876 units, falling by 3.6 points with respect to the previous year.
As shown in figure 1, the absorption of the accumulated stock of new housing that began in 2010 and continues in 2018, in accordance with the methodology used by Fomento. That is, a differential stock on the hypothesis of a null value in January 2004, the date on which the stock begins to be accounted for.
Figure 2 shows how the trend to absorb the stock continues, reducing the stock of 2018 by 3.6 points compared to the stock of 2017.
This stock does not include homes for sale. That is to say, they are houses that have never been sold nor have they experienced any transmission.
The distribution by autonomous communities and provinces
The stock distribution by autonomous communities and provinces has been made from the same methodology. Table 1 presents the information of the stock for the national total, autonomous communities and provinces.
As can be seen, the accumulated stock decreases in all the Autonomous Communities (CCAA), with the exception of the Canary Islands, Ceuta and Melilla. The Autonomous Regions of the Basque Country and the Balearic Islands stand out with drops of over 10%. In the provinces of Guipúzcoa, Málaga, Huelva, Huesca, Lugo and Baleares the accumulated stock decreased by more than 10%.
The Autonomous Communities accumulate 49.7% of the total national stock of 2018 are three: Comunidad Valenciana, Cataluña and Andalucía. On the other hand, Navarra, Cantabria, Extremadura, Ceuta and Melilla are the Autonomous Communities and CCAA with the lowest percentage of stock accumulated over the national total.
The provinces with the highest percentage of the total stock are located on the Mediterranean coast (Alicante, Barcelona, Castellón, Valencia, Murcia and Almeria), as well as Madrid (8.73) and Toledo (4.50).
In Spain, the percentage of stock on the housing stock is 1.79%. The Autonomous Communities with an accumulation of more than 3% are La Rioja and Castilla-La Mancha. In opposite situation are Navarra, Cantabria, Extremadura and Basque Country, with accumulations on its park below 1%.
Among the areas with the largest stock on the housing stock are some provinces in the interior such as Toledo, La Rioja, Ciudad Real and Lleida, others on the Mediterranean coast such as Castellón, Almería and Alicante, as well as Santa Cruz de Tenerife.
In 2018 there were 33 provinces with a percentage of stock on their housing stock of less than 2%. The full estimate can be consulted on the website of the Ministry of Development, following the report on the new housing stock 2018 in this link.