Empty homes in Spain account for more than 14% of the residential stock and half are in 14 provinces

The highest rates of empty housing occur in provinces in the interior and northwest of the peninsula, according to Tinsa.

Empty homes in Spain account for more than 14% of the residential stock and half are in 14 provinces

The highest rates of empty housing occur in provinces in the interior and northwest of the peninsula, according to Tinsa

MADRID, 20 Sep. (EUROPA PRESS) -

Empty homes in Spain represent 14.4% of the national residential stock, which represents a figure of 3.8 million, and half of them are concentrated in 14 provinces, while the other half are highly dispersed, according to data from a study prepared by Tinsa.

"The concentration of empty homes in certain locations is often a consequence of demographic trends, the obsolescence of the past built supply, which competes with the current one, and the long deadlines in the legal processing for putting the properties they endorsed on the market. credits resulting from the 2008 crisis," Tinsa explained.

In this way, the highest shares of empty housing over the total number of homes occur in provinces in the interior and northwest of the peninsula, with Orense and Lugo in the lead, as they account for 43.7% and 37.3% of its residential stock. , followed by seven inland provinces with proportions between 25% and 30% in Castilla-La Mancha, Castilla y León and Aragón.

At the opposite extreme, the lowest quotas, between 6% and 10%, occur in Vizcaya, Madrid, Álava, Guipúzcoa, Barcelona and Valladolid.

In terms of volume, empty housing is located mainly in Madrid and Barcelona - a result of the greater population density - and in the coastal provinces of the Mediterranean, in the two archipelagos, in Galicia and Asturias.

From Tinsa, they have pointed out that there are many locations where there has been a "marked increase" in the population, in new construction homes and in the price of homes, despite the fact that the share of empty homes is "high", which which is explained by the "obsolescence of the homes built during the boom", since in many cases these have lost appeal compared to new construction homes and have been left out of the market.

The municipalities on the coastlines have 25.9% of the national empty homes, reaching 993,000 units in 2021. For their part, the rest of the municipalities in the coastal provinces, where tourist areas further away from the coast, account for 24.9%, reaching 953,000 units.

Thus, from Tinsa, they have assured that the coastal provinces, where tourist activity and housing for vacation use are located, and excluding the capitals, "account for half of the empty homes in the national territory."

The coasts of Alicante, A Coruña and Santa Cruz de Tenerife and the inland areas of Alicante and Barcelona have the largest number of empty homes.

In quota, a high weight of unused homes is revealed in the provinces of Lugo, Pontevedra, Asturias and in the inland areas of Almería, Castellón and both archipelagos.

In the last 20 years, empty housing has decreased by 32% in Spanish capitals, which contrasts with the 24% increase experienced nationally.

In these years, the six main capitals - by volume of residential park: Madrid, Barcelona, ​​Valencia, Seville, Zaragoza and Malaga - have reduced their volume of empty housing by 40%, going from 444,000 units added between the six cities at 266,000. At the same time, 376,000 newly built homes have been added to the residential stock in these locations.

Given that the number of homes increased by 508,000 and that the main residence accounts for 84% of the use of the stock in these capitals, Tinsa has pointed out that the reduction of 178,000 empty homes in the last two decades has been absorbed mainly by the first home market.

On the other hand, Tinsa has pointed out that the use of empty housing to alleviate in the short term the tensions caused by the housing shortage "is not clear", since these homes are blocked for some reason, either due to uninhabitable conditions. , associated legal processes or, simply, because their owners keep them out of the market.

Likewise, they have pointed out that around 40,000 homes would have to be added annually to the aggregate supply of the six main capitals to cover their expected growth in the next 15 years.

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