Real Estate Market in Spain: How many Spaniards have their own house?

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Although we have gone through a strong crisis in our country, in which the sectors most affected have been the construction and real estate (along with other related). The truth is that there is already a certain economic recovery and consumption has increased considerably in all aspects. This has also been reflected in the real estate market in Spain, especially in the purchase and sale of homes.

Do you know how the real estate market is currently? Do you know how many Spaniards have their own house today? In this article we analyze the real estate market nowadays.

Can we say that Spaniards are homeowners?

The number of Spaniards who have a house in their name is almost 80%. Although, we must say that we always refer to people with the ability to have them, that is, excluding certain groups such as minors among some others.

Of these homes, 78% goes to basic use, as a first home. 11% is a second home, 7% goes to do business offering for rent and it is estimated that there is a 4% of homes declared empty, that is, where they do not live, that are not rented or is giving or is intended to give no use.

On the other hand, and as a very interesting fact, indicate that 4% of the citizens of our country bought a house in the last year 2016, considerably increasing the number of Spaniards who have their own house today. Likewise, we have to say that 16% of Spaniards have two or more houses, according to the May study by Fotocasa “X-ray of the housing market 2016-2017”.

On the other hand, we have another 20% that, unfortunately, has not yet been able to acquire a residential property. Although, it is true that a large percentage has begun the procedures or has immediate intentions to do so.

Jesús Amador, financial and market analyst, talks to us in this video about the forecasts in the real estate sector in 2017:

And what about the rent?

Regarding the rent, the proportion is 8-2; that is, of every 10 people who are independent, 8 are owners or share a home with an owner and 2 are living in a rental property. This means that, to date, leasing has a presence of 20% in the sector. Investing in rental housing has become a very profitable business, for which more and more Spaniards are betting.

Although, these figures are quite variable depending on each autonomous community. For example, the Basque Country shows much more positive figures, with practically 9 owners per 10. On the other hand, Catalonia or Madrid have more tenants, 2.6 out of 10 in both cases. From this, we can deduce that rent is an option in those cities where there is a greater presence of the services sector.

Investing in housing is a practice that grows every day.

The real estate market in Spain and in Europe

Unlike the Spanish panorama that can be seen in other sectors, we have to say that Spain is in the first 15 places in terms of the number of homeowners in the European Union.

This means that it is above the average of the area, 9 points to be exact. The European average of buyers is 69.5% while the Spanish, as we have said, we have an average of 78.2%; it is one of the most hopeful figures in all European studies today.

The nations that are in the top 10 with the largest number of owners are Romania, Croatia, Lithuania, Slovakia. Hungary, Poland, Bulgaria, Estonia, Malta and Latvia. In Romania the percentage of owners is really spectacular, of 96.4%.

On the opposite side we have France, the Netherlands, the United Kingdom, Germany, Denmark and Austria.

With these data we can see that the sale of homes is an action that is carried out depending on the level of development and life of the place, being the countries with more buyers those with a lower standard of living.

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