Lugo · report
Empty homes in Lugo
17.1% of the 62,648 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 17.1%
- Empty homes
- 10,732
Against the wider area
Share of homes standing empty in the 2021 census.
| Area | Empty |
|---|---|
| Lugo | 17.1% |
| Lugo | 37.3% |
| Galicia | 28.8% |
| Spain | 14.4% |
The 2021 census counted a dwelling as vacant when it used almost no electricity through the year and nobody was registered in it, from administrative records rather than a visit. Second homes are counted apart and are not included. Municipalities under 1,000 inhabitants are published only as their province's total.
Other reports for Lugo
At the average appraised value, a 90 m² home costs €126,405. With 10% down and a 30-year mortgage, the payment is €482 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.
- Payment, two incomes
- 14%
- Payment, one income
- 28%
Owning a 90 m² home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the appraised value; rent is the mean of new leases. Repaying the loan is saving, so it is left out.
- Rent per month
- €504
- Owning per month
- €447
73.9% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 707
- Per 1,000 residents
- 7.1
Buyers living abroad bought 1.1% of the homes sold here in the four quarters to Q2 2026.
- Bought by buyers abroad, 12 months
- 1.1%
Appraised values have fallen by 3% or more 2 times since 2005. The deepest began in Q3 2008.
- Deepest fall
- −44.5%
- Recovery from the low
- Not yet