Approx. 1.4 million homes and apartments are empty in the 12 provinces of Spain. The highest rates are recorded in Barcelona (283,155 units, 11% of the total in the city), Madrid (263,279; 9.1%) and Valencia (214,022; 14.7% of the region), according to the survey of the Spanish real estate rental company Alquiler Seguro.
According to the publication, the Spanish rental market is underdeveloped (only 8-14% of all households rent accommodation) compared to Europe, where every third rents apartment or house. Also there are only 11 judges in Spain (in the EU – 21) per 100,000 inhabitants, and it slows real estate procedures and reduces the number of proposals for the lease on the market, according to the survey.
Vacant and rented property in Spain, the average rent
| Region |
Vacant property – % of total in Spain |
Rented property |
Average rent per year |
| Barcelona |
283,155 – 20.2% |
311,653 |
€12,897 |
| Madrid |
263,279 – 18.8% |
255,254 |
€14,242 |
| Valencia |
214,022 – 15.3% |
63,175 |
€6,415 |
| Malaga |
120,611 – 8.6% |
47,444 |
€7,369 |
| Vizcaya |
43,704 – 3.1% |
27,475 |
€6,512 |
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