Home building exceeds new home construction for sixth year.
Spain has a big housing shortage. It's been happening for six years. Foreign buyers are buying many homes.
Spain’s housing shortage is a serious problem. There are over 800,000 homes missing. In June, foreign buyers bought a record number of homes. This was almost 16% of all sales. This helps the Spanish housing market. Domestic sales were down during the second quarter.
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Highlights
Housing Shortage in Spain
Spain has a housing shortage for six years running, with over 800,000 homes missing.
Record Foreign Purchases
Foreign buyers purchased a record 16% of homes in Spain in June.
Market Contrast
Foreign purchases support the Spanish housing market despite declining domestic sales.
International Interest
The trend shows continued interest from international buyers in Spain.
Construction Lag
New construction is not keeping up with the demand for homes.