Spain's 3.8 million empty homes: why the headline figure doesn't tell the whole story
The claim that Spain has 3.8 million empty homes has been repeated for years, but according to idealista/news, the statistic is both outdated and inaccurate. The figure originates from a census methodology that no...
The claim that Spain has 3.8 million empty homes has been repeated for years, but according to idealista/news, the statistic is both outdated and inaccurate. The figure originates from a census methodology that no longer reflects today's housing market, and its definition of 'vacant' is broad enough to include holiday homes, properties for sale, and other non-permanently empty dwellings. This matters for international buyers on the Costa Blanca who may assume Spain has a large surplus of readily available homes. In practice, the supply of suitable and affordable properties in sought-after coastal areas is far more limited than this widely cited number implies. Buyers should rely on current, local market data rather than national headline figures when making purchasing decisions.
Source: idealista/news
Summarised in our own words by JARVIS. Read the full article via the source link.
Source: idealista/news