The Real Meco, in Illescas (Toledo), has more homes in the pipeline than it can sell in the next seven years, more than 500. "Here we can choose those that seem to be marketed better," said Jesus Diaz-Meco, its owner. In his office are the rosy future. "The worst has passed. Now there are many vacant homes but end up selling most of them. There is a clear competition with Madrid, but we won on price and quality."
Toledo is the third province in Spain with more new flats for sale per capita, behind Alicante and Almeria, with nearly 40 new homes for sale for every 1,000 residents, according to the Ministry of Development. In the thirty municipalities in the district of La Sagra installed one of the largest concentrations of apartments and villas for sale in Spain, the region of 700 square kilometers and gently undulating plain, only 35 kilometers far from the Puerta del Sol de Madrid ( and 10 miles from Parla), and although experts in the field say the number of real estate is "incalculable" after the building frenzy sparked six years ago, its proximity to the metropolis could prevent the total decline of the area.
"I am absolutely convinced that, as in other parts of Spain there are a lot of housing that is not going to sell, the La Sagra is one of the first that will emerge, "he says without blinking Jesus Jimenez, Look & Find franchisee in Yuncos
The Galician Fadesa, Manuel Jove then to the front, which opened late nineties the trunk of opportunities to urbanization Lordship of Illescas, right in the regional boundary with Madrid, where he built a golf course for nine holes.
Today, real estate signs are already blurred and the old house is gone. Everything else: rows of townhouses, offers four floors of flats, many with the blinds drawn and signs 'for sale', are later and the crisis has left means many projects and vacant lots interspersed.
And yet, for professionals in the area, the Manor is far less similar to others 'megabarrios' distant from large cities and Valdeluz (Yeles-Guadalajara) or Quinon (Seseña-Toledo). "Around here the buses, there are schools and churches and busy between 60% and 80%," they say.
30 municipalities
As in Illescas, other places like Yuncos, Yeles, Recas, Numancia de la Sagra, El Viso de San Juan and Seseña now accumulate much of this 'stock', where prices have fallen up to 60%. The region is full of quotes. "The houses that are selling are two and three bedrooms. Interestingly, the most difficult to sell are the studios and one bedroom, "says Diaz-Meco.
His is one of the few that survived the downturn in sales and now as CajaMadrid financial institutions choose to use them to locate houses that they paid the promoters made it ruined. "We act as custodian of your floors: we leave the keys, we provide all necessary information for sale. If they sell them on your own we also carry a commission, "said Diaz-Meco. The case of Madrid, La Caixa, BBVA and Ibercaja financial institutions are more stories to the cumulative sales or at least the kind that are most exposed in their estate portals.
In an area where it produces 25% of the production of bricks and tiles from Spain, an industry that creates 2,000 jobs and 10,000 indirect jobs, the economic slowdown would cut short the arrival of new residents. "La Sagra expected to capture urban working population of southern Madrid room, offering larger flats and cheaper," said Valentin Fernandez, an expert in residential Consultants Forum, which is not as optimistic about the future of the flats Area "will take years to sell," predicts
Floor to villa ... and VPO
from the floor to the chalet, or at least that's the idea, as housing predominant in the area is a single family detached or semidetached plot 250 meters and 180 meters built, 4 bedrooms, lounge, two bathrooms, kitchen, garage and a yard of 70 feet, with a price range between 140,000 and 160,000 euros depending on the proximity to Madrid or Toledo. "The courtyard is what made them more palatable," says Jiménez.
However, during the boom of the single-family price had risen so much that they began to build homes too high "so that could be installed in the other social segments," said Diaz-Meco, and are the blocks of flats which have either been converted into protected to lower their price or are in the hands of the bank waiting for a sale that will soon follow. In either case, most of them are still on sale.
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