Imagine that we take all the homes that are registered in Spain and put them up for sale at the same time. How much would they cost? The real estate portal Idealista has carried out this exercise and its conclusion is that the Spanish real estate park would have a combined value of 4.1 trillion euros.
The company has made an assessment at current prices of all the homes registered in the Cadastre and the result is a figure almost four times higher than the GDP of Spain, which is around 1.2 billion euros.
By communities, Catalonia It is the one with the most valuable housing stock, exceeding 791,000 million euros. Next, according to the data published this Tuesday by the portal, is Madrid, with almost 719,000 million euros, AndalucÃa (619,000 million), the Valencian Community (419,000 million), the Basque Country (258,000 million) and Galicia (208,000 million). Above 100,000 million in value are also the Balearic Islands (173,000 million) and the Canary Islands (160,000 million).
At the opposite extreme are Ceuta (5,000 million) and Melilla (5,100 million), behind which are La Rioja (24,000 million), Navarra (53,000 million), Cantabria (55,500 million) and Extremadura (55,600 million). The list is completed with Asturias (73,000 million), Murcia (91,000 million) and Aragon (94,000 million).
Provinces and cities
Madrid is the province with the highest value of its real estate stock, followed by Barcelona, where the sum of all existing homes would reach 595,000 million euros. The third province is Malaga (199,000 million), followed by Alicante (189,000 million), Valencia (185,000 million), the Balearic Islands (173,000 million), Vizcaya (127,000 million) and Seville (120,000 million), the only regions with a value more than 100,000 million euros.
At the opposite end are Soria, where the sum of all its homes would reach 7,400 million, and Teruel (with 9,700 million). Above 10,000 million are the provinces of Palencia (11,500 million), Zamora (12,400 million) and Cuenca (13,000 million)
Idealista also highlights that “there are no big surprises when analyzing the municipalities with the highest value in their housing stock”. The most valuable is Madrid, which reaches 430,000 million, followed by Barcelona (250,000 million) and Valencia (72,000 million). In fourth position is Seville (58,000 million) and then the city of Malaga (51,300 million). Palma occupies the sixth position with 51,100 million, followed by Zaragoza (51,000 million), Bilbao (43,000 million), Vitoria (42,000 million) and San Sebastián (33,000 million).
Among the markets that are not provincial capitals, Marbella stands out, where they reach 38,000 million euros, followed by Vigo (25,000 million), Gijón (22,000 million), Hospitalet de Llobregat (18,000 million), Sabadell (17,600 million), Badalona (17,500 million) and Pozuelo de Alarcón (16,500 million ).
Rental
In the hypothetical case that the entire Spanish housing stock is rented, the monthly rent that would have to be paid today would amount to 18,700 million euros per month. In the case of Catalonia, they would have to pay 3,500 million per month to rent all their homes, while in the Community of Madrid the amount would be 3,000 million per month. With an income of more than 1,000 million a month we have Andalusia (2,900 million a month), the Valencian Community (2,000 million a month) and the Basque Country (1,000 million a month).
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