For better and for worse, Spain is a country of contrasts. And we are not referring only to the cultural or political differences that may exist between territories: depending on where you live, accessing a home will be very easy or practically impossible if you do not buy it with another person.

That is the conclusion we have reached from HelpMyCash after calculating how much salary you should dedicate to the payment of your mortgage payments if you bought a second-hand house or apartment of 80 square meters in each province of Spain (new housing represents a very minority part of the market). Take a look at the data and find out if you can afford affordable housing in your area!

Salary you would spend on the mortgage payment in each province

One of the indicators that serve to know if you can afford to buy a house is the mortgage burden. This is a percentage that represents what portion of your salary you dedicate to paying the mortgage used to finance the operation. Ideally, according to the Bank of Spain, this burden should not exceed 35%.

From HelpMyCash we have calculated the mortgage burden that you would have to assume in each Spanish province if you bought a used apartment of 80 square meters with a mortgage and covered the average salary of each autonomous community. In this table you have all the data:

As you can see, if you receive an average salary, hiring a mortgage in the provinces of emptied Spain is more than affordable: the fees would eat less than 20% of your salary. In areas such as the Balearic Islands or Malaga, the north of the Basque Country or Barcelona and Madrid, on the other hand, you could not afford a mortgage only on your own, because the mortgage burden would exceed 35%.

How much savings would you pay in each province to buy a home?

The fee, however, is not the only thing you will pay if you buy a home. To begin with, the mortgage will finance a maximum of 80% of the price of the property, so you will have to cover the remaining 20% with your savings. In addition, you will also have to pay taxes and other expenses associated with the sale, which will be different depending on the autonomous community in which the signature is formalized.

And in which regions would you pay less for these concepts? In the following table you can see how many savings you would need on average in each province if you buy a second-hand home with an average price and an area of 80 square meters:

Again, you would need less money saved if you bought a house or a flat in the provinces of emptied Spain; mainly because housing is much cheaper in those regions. On the other hand, this ticket would be much more expensive in areas with much higher prices such as the Balearic Islands, Madrid, Barcelona, the Basque Country or Malaga.

In conclusion…

• Buying a house is much more affordable in emptied Spain: provinces of the Castile, Extremadura, northern Andalusia, Aragon…
• In the most economically powerful areas, such as Madrid and Barcelona, the Basque Country, Malaga or regions with a lot of tourism, it is practically impossible to buy a home alone on your own if you receive the average salary. You will need to purchase it with another person to be able to pay the fees.
• Young people have worse access to home ownership in the more populous provinces, because more savings are needed there and, in many cases, they have not had time to save as much.

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