Madrid · report
Empty homes in Madrid
6.3% of the 1,533,221 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 6.3%
- Empty homes
- 96,921
Against the wider area
Share of homes standing empty in the 2021 census.
| Area | Empty |
|---|---|
| Madrid | 6.3% |
| Madrid | 6.3% |
| 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 Madrid
At the average appraised value, a 90 m² home costs €487,656. With 10% down and a 30-year mortgage, the payment is €1,860 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.
- Payment, two incomes
- 46%
- Payment, one income
- 92%
Renting a 90 m² home costs less each month than owning 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
- €1,544
- Owning per month
- €1,725
2.5% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 19,301
- Per 1,000 residents
- 5.5
Buyers living abroad bought 1.4% of the homes sold here in the four quarters to Q2 2026.
- Bought by buyers abroad, 12 months
- 1.4%
Appraised values have fallen by 3% or more once since 2005. That fall began in Q1 2007.
- Deepest fall
- −39.0%
- Recovery from the low
- 114 months