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Construcion of only 489 flats started across Alicante province in four months
By h.b. - Jun 5, 2008 - 8:35 AM
ALSO SEE : • Foreign construction workers facing redundancy in the Valencia region - Sep 2, 2008 - 7:57 AM
• Spanish media notes BBC reports on the slowdown of Spanish construction and the economy - Aug 31, 2008 - 1:38 PM

Archive Photo EFE
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Latest numbers show the extent of the construction slowdown along the costas.
The extent of the real estate and construction slowdown in Alicante province is evident from the latest figures which show that only 489 homes were started across the province between January and April this year.

The provincial association of real estate promoters, PROVIA, says the number is 96% down on the average for the past seven years when on average 13,000 new homes were started every four months. The situation is exacerbated by the fact that there are some 50,000 unsold new homes which have already been completed or which are on the point of coming onto the market.

Last year’s numbers for builders in Alicante were already the worst for eight years, with 25,619 homes started and 32,125 homes completed, well down on the 45,000 started in the boom year of 2004.


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ALSO SEE :
• Foreign construction workers facing redundancy in the Valencia region - Sep 2, 2008 - 7:57 AM
• Spanish media notes BBC reports on the slowdown of Spanish construction and the economy - Aug 31, 2008 - 1:38 PM
• 52,300 new homes to be built in Almería province - Jul 24, 2008 - 8:14 AM
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• Partido Popular says 50,000 irregular homes in Málaga should be made legal - Jul 18, 2008 - 8:05 AM
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• Alicante leads Spain in construction job losses - Jul 3, 2008 - 8:23 AM
• Junta de Andalucía suspends Almuñecar urbanisation licence - Jun 20, 2008 - 8:32 AM
• Málaga land price resists national falls - Jun 20, 2008 - 8:00 AM
• Elche Town Hall releases land for 6,000 new homes - Jun 17, 2008 - 8:09 AM