Home rental increases in Spain compared to home ownership

Home rental increases in Spain compared to home ownership

This shows that Spain is a country which values home ownership over renting, although the latter option has recently been gaining some new ground.

84% of the population of Spain own at least one home compared to 16% who do not. In specific terms, 69% of the Spanish have a house or apartment in their name and 16% own two or more houses. These data have been taken from the report ‘Radiografía del mercado de la vivienda 2016-2017’ (‘Study of the housing market 2016 – 2017’), carried out by the real estate portal fotocasa with the aim of looking at the size and market situation of real estate in the previous year

From the supply point of view, 5% of Spanish have rented, or intend to rent a home compared to 6% who sold or intend to sell. Of the whole population who interacted with the purchasing market last year, 4% succeeded in buying a house compared to 6% who did not. These percentages show that 40% of people intending to buy a house in the previous year, succeeding in doing so.

In contrast, in rentals, success percentages are higher, both from the point of view of demand and that of supply. 56% of people looking for an apartment, house or home to rent in the previous year managed to do so compared to 44% who did not, and 80% of owners managed to let a home, compared to 33% who were able to sell.  

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