Bilbao · report
Empty homes in Bilbao
5.5% of the 165,685 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 5.5%
- Empty homes
- 9,179
Against the wider area
Share of homes standing empty in the 2021 census.
| Area | Empty |
|---|---|
| Bilbao | 5.5% |
| Bizkaia province | 6.1% |
| País Vasco | 6.5% |
| 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 Bilbao
At the average appraised value, a 90 m² home costs €317,637. With 10% down and a 30-year mortgage, the payment is €1,211 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.
- Payment, two incomes
- 29%
- Payment, one income
- 58%
Figures for Bizkaia province: Bilbao has no reliable figures of its own.
41.9% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 1,833
Figures for Bizkaia province: Bilbao has no reliable figures of its own.
Buyers living abroad bought 0.4% of the homes sold here in the four quarters to Q2 2026.
- Bought by buyers abroad, 12 months
- 0.4%
Appraised values have fallen by 3% or more 2 times since 2005. The deepest began in Q1 2008.
- Deepest fall
- −41.3%
- Recovery from the low
- Not yet