How Many Second-Hand Homes Are Up For Sale In Spain?

There are 693,200 second-hand homes up for sale in Spain today, in other words, 2.7% of the total housing stock (25.4 million).

Currently, the province with the highest number of second-hand homes on the market is Madrid, with a stock of 71,504 units. It is followed by Barcelona (61,241 homes), Valencia (51,500 homes), Alicante (47,710 homes) and Málaga (41,179 homes).

By contrast, at the other end of the spectrum, the province with the fewest homes up for sale is Soria, with just 943 homes on the market. It is followed by the provinces of Teruel (1,501 homes), Zamora (2,409 homes), Cuenca (2,455 homes) and Palencia (2,808 homes).

This data was published yesterday by Idealista, which has cross-checked the figures in its own database with the housing stock estimates published by the Ministry of Development.

What is happening in Málaga and Almería?

Logically, the bulk of the stock is concentrated in the main national markets, such as Madrid and Barcelona.

Nevertheless, if we compare this data with the total housing stock in each province, we see that Málaga is the province in which the relative housing stock is greatest. In other words, it has a total housing stock of 906,700 homes, of which 41,170, or 4.5%, of the total, is up for sale.

Almería (4.2%) and Cantabria (4.1%) are the only other two provinces where this figure exceeds 4%. They are followed by Vizcaya (3.8%), Alicante (3.7%), the Balearic Islands (3.7%) and then Tarragona, Valencia, Álava and Guadalajara, where 3.5% of each of their respective total housing stocks are up for sale.

Meanwhile, 2.4% of the stock in the Community of Madrid is on the market and in the province of Barcelona, the figure amounts to 2.3%.

Soria and Ourense are the provinces with the lowest number of second-hand homes on the market compared with the size of their respective housing stocks – only 1.2% of their respective properties are up for sale. They are followed by the markets of Cáceres (1.3%), Teruel (1.3%), Badajoz (1.4%) and a group comprising Jaén, León, Lugo and Cuenca, which each have 1.5% of their respective total housing stocks on the market.

Original story: El Economista (by Laia Julbe)

Translation: Carmel Drake

Original Story:

Translation/Summary: Carmel Drake

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