One in five Spaniards owns a second home
Saturday, October 24, 2015 @ 3:47 PM
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