The Community of Valencia is the autonomy with the most vacant residences in Spain, as with 5% of the owners. This is confirmed by the analysis of «empty houses in Spain» just published by Fotocasa Research. On the contrary, Madrid has the lowest proportion with 2.4% of owners. A very similar percentage to Catalonia, where 2.8% of owners keep a house they own vacant. In the case of Andalusia, 4% are those who maintain an unused house.
One of the innovations in the Right to Housing Law is Up to 150% IBI surcharge a measure for vacant houses that will affect their owners Houses where no one has lived for more than two years for unjustified reasons and those who have four or more houses in their name. In fact, 0.9% of the 18+ population meet the first two requirements and will have to pay this surcharge if they own at least four properties.
In Spain, 61% of people over the age of 18 own a home or joint property. Of these, 79% have a single house, 17% have two and 4% have three or more.
When it comes to sole proprietorships, almost everyone keeps it busy. In fact, there are only 1% that are empty. But as it makes sense, the more houses they own, the more vacant owners do. Accordingly, 10% with one vacant house among the owners of two houses and 23% among those with three or more houses are in this situation. Fear of tenant default or damage This is the main reason why they decided not to rent.