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One in five Spaniards owns a second home
24 October 2015 @ 15:47

OVER 20% of Spaniards own a second home, making the country fifth in Europe.

Greeks have more second residences than Spaniards, with nearly a third of the population owning one, and Spain is also beaten in this respect by Poland and Turkey.

By contrast, only 5.4% of Germans own a second residence.

On average, one in six Europeans has more than one property, with Spain being above average at one in five.

A third of Europeans uses their other home for holidays, about a quarter for weekends, and 9% as a 'bolt-hole' when they are working away from their main home.

Rural areas, villages and small towns tend to be the most popular locations for a second or subsequent property – 44% of Spanish second-home owners have a house in the country and 37.3% in a village.

This type of property is more likely to be used for holidays (59.8% of cases) or weekends (35.3% of cases), with only 2.9% of Spain owning a second residence for work reasons. 

Read more at thinkSPAIN.com



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