It is unknown how many properties are currently in Spain.
And now, a closer look
It is difficult to determine the exact number of properties in Spain, as there is no one centralized database for this information. However, according to the Spanish Ministry of Public Works and Transport, there were over 25 million registered properties in Spain as of 2020. This number includes both residential and commercial properties.
One interesting fact about the property market in Spain is that it experienced a major boom in the early 2000s, with many foreign investors purchasing properties for holiday homes or to rent out. However, the market crashed in 2008 and has been slowly recovering since then.
Another interesting fact is that Spain has a high number of vacant properties, with estimates ranging from 3.4 million to 3.5 million. This is due in part to the aforementioned property boom, as well as population decline in certain regions.
According to the website Idealista, the most expensive city to buy property in Spain as of June 2021 is San Sebastian, with an average price per square meter of €4,087. The cheapest city is Teruel, with an average price of €750 per square meter.
Here is a table showing the average price per square meter in some of Spain’s major cities:
| City | Average Price per Square Meter (June 2021) |
|---|---|
| Madrid | €2,987 |
| Barcelona | €4,196 |
| Valencia | €1,521 |
| Seville | €1,958 |
| Bilbao | €3,149 |
| Malaga | €1,849 |
| Palma de Mallorca | €3,517 |
As the Spanish saying goes, “Mi casa es tu casa,” or “My house is your house,” reflecting the country’s warm and welcoming attitude towards visitors and residents alike.
Video related “How many properties are in Spain?”
Cloud9 Spain’s Managing Director, Sean Woolley, provides five tips to consider before purchasing property in Spain. Firstly, it’s advisable to communicate with an agent on the ground due to the unreliable or outdated data on property portals. Secondly, select an agent who has access to every agent database in the market to broaden the search options. Thirdly, ensure that the agent has notable local experience in the specific area you plan to purchase and access to all listed properties. Fourthly, receive mortgage pre-approval to obtain an idea of your budget and avoid losing your ideal property. Finally, budget for hidden costs that agents may not discuss to prevent unnecessary financial stress.
More interesting questions on the issue
Besides, How many people live in rental properties in Spain?
Response to this: As a consequence, the proportion of tenants has been steadily increasing in recent years and by 2019, nearly a fifth of the Spanish population resided in rental properties. Rental housing prices in Spain between 2006 and 2021 (in euros per square meter)
Does Spain have a real estate market? Response: 76% of people in Spain own their own homes, compared to the US average of 65%, and the large expat communities scattered throughout Spain means that a high proportion of real estate is already foreign owned¹. However, the property market in Spain has been something of a roller coaster in recent history.
Who owns a property in Spain?
Answer will be: In Spain, 95% of properties being rented out in the country are owned by private individuals. The remainder is in the hands of large property owners with ten or more properties. As of 2022, regional Spanish governments can impose rent caps on large property owners.
In this way, How much does it cost to buy an apartment in Spain? On the other hand, the lowest housing costs are in Lugo (€877/m²) and Badajoz (€896/m²). For an idea of how much you’ll pay in total, the average price for buying an apartment in Spain is €147,000, according to RealAdvisor. Spain’s rental market is exceptionally lacking compared with the rest of the EU.
Does Spain have a real estate market?
Response will be: 76% of people in Spain own their own homes, compared to the US average of 65%, and the large expat communities scattered throughout Spain means that a high proportion of real estate is already foreign owned¹. However, the property market in Spain has been something of a roller coaster in recent history.
Who owns a property in Spain? In Spain, 95% of properties being rented out in the country are owned by private individuals. The remainder is in the hands of large property owners with ten or more properties. As of 2022, regional Spanish governments can impose rent caps on large property owners.
What is the most expensive real estate in Spain? Madrid offers the most expensive residential real estate in Spain. Its price averages €235,000, which is 56% higher than the nationwide figure. Property prices in Madrid have increased by 50% over the past five years. This is the highest growth among the regions of Spain. Apartments in Madrid cost €4,400 /m² on average.
Subsequently, How to find a rental property in Spain? Answer to this: Popular sites in Spain for rental property listings are: Nestpick (Furnished Apartments & Rooms (English, Spanish, French, German, Italian) After finding rental housing in Spain, you will apply to either the real estate agent or the landlord. You typically need to provide: Most landlords require a deposit equal to one month’s rent before moving in.