Five million empty homes: The map that debunks the headline
The figure sounds like a scandal: five million empty homes in Spain while half a generation cannot afford rent. The problem is where these houses are located. In municipalities with fewer than 1,000 inhabitants, there are 38.3 empty homes per 100 people; in cities over 250,000, barely 3.6. According to electricity consumption, 14.4% of the stock is unused. Translated: most vacant properties are in areas lacking jobs, transport, or schools.
The debate starts with an uncomfortable question: Are these homes habitable or just ruins with roofs? Several participants argue that most are dilapidated or inherited houses in the so-called "Empty Spain" (rural depopulation), with maintenance costs and property taxes (IBI) borne by owners who rarely visit. Selling them is impossible; renting them out is even harder.
How many empty homes really exist in Spain?
Official calculations do not distinguish between an apartment in a capital city center and a house without electricity in a village of 300. That is the trap of the headline. A property rented informally for years counts as empty in statistics, inflating the number just as much as actual ruins. The same applies to second homes: in Galicia, according to one participant, many people keep a village house for occasional visits, which is not available housing for young families.
The recurring conclusion: Of those five million, a considerable part lacks minimum habitability standards. Another part is in areas with no demand. And a third, the one that matters, never reaches the market due to antiestéticar of non-payment or squatting.
Why new housing isn't being built
The million-dollar question. If housing is a basic need and there is demand, why is no one building? The most common argument in the sector is that it doesn't pay off: in many areas, there is ample supply of already-built flats cheaper than constructing new ones. There is surplus stock. The business is not in new bricks, but in managing what exists.
Added to this is the cost at each stage of the process. You pay upon inheritance, purchase, renovation, sale, and ownership. A basic necessity that individuals shouldn't speculate on, yet the State taxes every link in the chain. This contradiction is hard to maintain with a straight face.
Informal rentals and tensioned zones
One factor distorts any statistic: the informal rental market. A flat rented without a contract for years appears as empty in records. When "tensioned zones" (areas with high rental pressure) and taxes on empty homes arrive, these owners will face problems. The incentive to regularize is low, while the incentive to keep the flat closed is high.
According to several analyses, the proposal that would change the game is tax relief for tenants. If renters could deduct their payments, the incentive to declare contracts would grow on both sides. No one has done it.
Tenancy, unpaid rents, and landlord antiestéticar
The other major brake is risk. Cases of prolonged non-payment and occupation have turned renting into a bet with high legal costs and slow recovery. Some calculate that paying a fine is cheaper than enduring years of hassle with an occupied home. That calculation, real or exaggerated, weighs more than any interest rate.
Meanwhile, sale prices still require decades of mortgage with stagnant wages. The tension is not in the total number of homes, but in those connected to employment opportunities.
The map of empty homes does not depict a country with plenty of houses, but a poorly distributed one. With such disparities between rural areas and capitals, internal migration should be massive. It remains marginal. And no one fully explains why.
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication.
Read the full discussion (129 replies).