Last Friday, the National Institute of Statistics released statistics on unused and unused homes. There are 3.83 million vacant homes in Spain14.4% of the total park exceeding 26.6 million properties. The figure has increased by 400,000 units compared to the last census prepared by the public agency in 2011.
The main result of the INE study was: most unused homes are in small towns: 45% of properties are in cities with a population of less than 10,000; In municipalities with a population of more than 250,000, only 10.5% of all this stock is available. There are a total of 2.2 million residences in cities with a population of less than 50,000 and where the demand for accommodation is not high.
The Housing Act recognizes a region as a stressful housing market when the purchase or rental price has increased by more than 3% over the CPI in the past five years, or where the mortgage or rent payment exceeds 30% of the median household income. According to Atlas Real Estate, a real estate consulting firm specializing in data science, “81.20% of empty houses all national lands are found in areas with effort rates below 30%Therefore, its launch will not help ease tensions in the housing market in Spain.
According to the consultant’s report, 44% of vacant homes are located in non-stressed areas with a high number of vacant homes, and 37% are in areas that also do not meet the stress market criteria, despite having low levels of unused real homes. land. On the contrary, 19% are located in areas where the Housing Law may impose price restrictions: 13% of these borders have quite a few vacant homes, while the remaining 6% do not have many such properties.
Is there a pattern between the number of vacant homes and prices?
The Atlas RE study includes an analysis of the correlations between vacant homes, rent, price and labor rates. On the relationship between the proportion of vacant houses and the prices of a region, they point out that the higher the price of a region, the fewer vacant houses there are. “This exhaust the hypothesis what about? stressful areas It has these features because a maximum number of vacant houses. This negative association may be due to different circumstances, such as no one owns an asset in an area where prices are high without making it profitable, or that market liquidity is too high because these areas are highly desirable areas.
Regarding income, in the results of the consultant’s work “The higher the income per household in a region, the lower the rate of vacant homes.“because “higher purchasing power stimulates the market and means fewer homes become obsolete”.