How many vacant houses are in Europe?

How many vacant houses are in Europe?

11 million homes
According to the Guardian [1] there are more than 11 million homes laying empty across Europe, enough to shelter the homeless population twice over.

Why are there so many abandoned homes in Europe?

Mansions, palaces, hotels and entire villages have been abandoned across Europe as economic recessions force more and more people to large cities, and increasing numbers of childless owners pass away without passing property on.

Why are there so many empty houses in Spain?

An estimated 3.4 million homes are currently unoccupied in Spain thanks to the country’s great housing bust. Across the country, an estimated 3.4 million houses remain unoccupied. Many are now owned by large banks, which seized them after their original developers defaulted on their loans.

Why are there so many empty houses in France?

The housing stock in France is increasing at a faster rate than the population, resulting in a rise in the number of empty properties. One of the main characteristics of the French housing market is the high number of new homes that are constructed each year.

Why are some mansions abandoned?

Water contamination, air pollution, or other plagues can cause people to leave their homes and commercial property and abandon their properties for good. One example is Flint, Michigan The ongoing water troubles in the city have made it difficult, if not almost impossible, to sell a house.

How many houses are empty in Germany?

1.8 million homes
The Guardian says that 1.8 million homes are empty in Germany.

Can I buy a house in Italy for $1?

Unfortunately, there’s been a sharp price increase, but the good news is you can now buy one of about 200 homes in the Italian town of Ollolai for about a dollar, TIME reports. To be fair, the homes actually cost 1 Euro, which is currently the equivalent of $1.25.

Is Spain still empty?

Over the past 50 years, Spain’s countryside has lost 28% of its population and are now known as la España vacia — or empty Spain. In a bid to redress decades of rural decline, Spain’s leftist government unveiled an $11.9 billion plan this week, using funds the European Union has earmarked for population regeneration.

Is Madrid a ghost town?

Although Madrid still likes to consider itself a ghost town, it represents a unique example of resurrection. In the 1920s and 30s, Madrid was as famous for its Christmas lights as for its coal, and airlines used to reroute traffic during the holidays to show passengers the sight.

Why is France so cheap?

France is about 1.5 times bigger than Germany but with a population 20% smaller. In effect, it has a larger rural area with less people to populate it. And as more and more people relocate to cities, more houses are being added to the market—often at bargain prices.

Where is empty France?

The empty diagonal is a sparsely populated swath of land approximately 1,000 kilometers long, with an average width of 400 kilometers, stretching from the summits of the Ardennes area in northeastern France to the Pyrenees in its southwest. It covers about one-third of Europe’s second-largest country.