Imofolio

Madrid province · report

Empty homes in Madrid province

6.3% of the 2,956,941 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
6.3%
Empty homes
187,586

Against the wider area

Share of homes standing empty in the 2021 census.

AreaEmpty
Madrid province6.3%
Spain14.4%

Where homes stand empty in Madrid province

Share of homes standing empty at the 2021 census, emptiest first.

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 province

At the average appraised value, a 90 m² home costs €368,064. With 10% down and a 30-year mortgage, the payment is €1,404 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.

Payment, two incomes
36%
Payment, one income
72%

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
2.7

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 3 times since 1995. The deepest began in Q4 2007.

Deepest fall
−34.1%
Recovery from the low
129 months

In 2024 the population grew by 102,333 while 23,464 homes were finished: 4.4 new residents for every new home.

New residents per new home, 2024
4.4
Population change, 2024
+102,333

In 2025, 6% of the homes authorised were in existing buildings: conversions, extensions and changes of use.

Homes in existing buildings, 2025
6%

Public bodies signed €218.9M of housing works here in 2025, and €810.7M since 2017.

Signed in 2025
€218.9M
Per resident, 2025
€31