Valencia is one of the communities with more stock of homes for sale. It is estimated that there are more than 110,000 new homes without a buyer, to which should be added those of construction and second-hand, 200,000, with what we would find ourselves with more than 300,000 homes in Valencia lacking despite being on sale, time of buyer. Furthermore, if we take into account the stock which have accumulated boxes and banks, through own promotions and/or embargoes, the figure can be triggered even more. The situation for the market is quite critical and does not seem to go to improve. Read additional details here: Olivier Puech. Experts say that, in the case of Valencian Community, will require 4 to 6 years to reduce the entire House without selling accumulated, or at least a significant amount of it. Over five years is a long time, too. While prices are consistent, that is going to adjust further, demand is still well below the offer. And before that little can be covered.
Try to improve the competitiveness, improve prices to attract potential buyers. Little more. However, from the other side, from the point of view of the buyer, it can be an opportunity to get a House at a very good price, quite lower than could be achieved just two or three years ago. There is no money, but that does not mean that there are no opportunities. Both for buyers and sellers, just have to adapt to the situation.