O MERCADO INMOBILIARIO GALEGO: DO AUXE á CRISE. UNHA ESTIMACIóN DA SITUACIóN ACTUAL DO MERCADO E A SúA EVOLUCIóN FUTURA

In late 2011 in the Galician housing market there is a stock of approximately 35,000 dwellings whose sale is difficult. The weakness of demand is due from multiple causes, which appear more relevant overprices, deflationary expectations, credit rationing and market satura-tion; all linked to a faulting demographic dynamic. This article discusses these factors, descri-bing the dynamics of the residential sector in the first decade of the century. It quantifies the cur-rent overvaluation of housing in different housing markets. Finally, presents an approach to the demographic and sociological variables, which, along with economic ones, will determine the po-tential demand for housing in the next ten years in Galicia.