The Population and Housing Survey of the National Institute of Statistics (INE) confirmed that Property continues to be the main tenure regime for households in Spain with 75.2%, which includes fully paid property (38.1%), property with an outstanding mortgage (26.4%) and homes inherited or assigned (10.7%). Meanwhile, the percentage of households that rent (15.9%) has grown by more than two points on average in a decade.
But as the INE highlighted in its press release, the size of the municipality also determines the housing tenure regime. Thus, in the most populated localities, there is a higher percentage of households that reside for rent and a lower percentage of owners of their habitual residence”.
In fact, among the towns with more than 50,000 inhabitants analysed, with data from the INE, in up to nine towns the rent exceeds 30% of the total number of main dwellings, where Barcelona (33%) or Girona (31%) stand out. But where more homes live for rent is in the city of Ibiza (39,6%), the capital of Lanzarote, Arrecife (39.3%), the Canarian town of Granadilla de Abona (38.6%), in Tenerife, or the famous Benidorm (38.1%).
Above the national average, Madrid (23.5%), Palma (22.9%) also stand out or the Canary Islands capitals of Santa Cruz de Tenerife (23%) and Las Palma de Gran Canaria (20.4%). Large capitals such as Valencia (16.9%), Seville (14.2%) or Malaga (13.3%) are closer to the national average.
On the contrary, 13 towns barely have 10% of the households renting, where Jaén (9.8%), Huelva (9.1%) stand out, without forgetting Córdoba (10.3%) or Dos Hermanas, in Seville (5.1%), the lowest figure of the 151 populations analyzed.
Where there are more houses owned, but still paying the mortgage
These populations where the rent is minimal stand out, on the contrary, for having some of the highest rates of home ownership, but still pending payment of the mortgage, such as Jerez de la Frontera (41.6%), the one named by Dos Hermanas (40.3%) or Alcalá de Guadaira (39.5%).
All of them surpassed by 50.4% of Valdemoro. More than half of the main households in the Madrid town have bought a home and he still has it pending on the mortgage payment. very close is Rivas-Vaciamadrid (49.9%), which we have already mentioned leads the relative demand for sale in the Community of Madrid, and Arganda del Rey (42.2%).
Above 40%, there are still other Madrid municipalities such as Parla (41.5%) or Pinto (40.1%). Molina de Segura (40.6%), in Murcia, and San Vicente del Raspeig, in Alicante, complete this ‘top 10’.
Among the capitals, Huelva (35.9%), Cáceres (35.3%) and Córdoba (33.7%) are the ones that appear highest on the list, while Madrid (24%) or Barcelona (20.9%) appear below the national average for property with an outstanding mortgage.
Find out where your neighbor may have a better chance of having the house already paid for
Another of the visions of this comprehensive INE Population and Housing Census is to see where there is a higher percentage of the population that already owns their home fully paid for. In fact, half of the main households in Getxo, Leganés or Salamanca You already have your home fully paid for.
Up to 84 municipalities are above the national averageas in Coslada, Linares and Pozuelo de Alarcón (all three with 49.8%), Orihuela (48.6%) or Barakaldo (48.3%).
Zamora and Bilbao (both with 47.9%), Palencia (47.4%) or San Sebastián (47.4%) are the capitals with the greatest weight of 100% paid home ownership.
Madrid (38.9%) is close to the national average, while Barcelona is somewhat below (33.1%). In Valencia, Seville or Malaga it is the main tenure regime by far, above 40%.
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