SECOND HOMES IN THE SPANISH REGIONS: EVOLUTION IN 2001-2007 AND IMPACT ON TOURISM, GDP AND EMPLOYMENT

We present a provisional estimation of the evolution of second homes in the Spanish regions over the period 2001-2007, using this variable as one of the most important indicators of non hotel tourism, and compare with trends in the previous decade. We cite several studies and information related with the impact of second homes in Europe and North America. One conclusion regarding the number of second homes built in Spain during the last years is that, despite the housing boom, the annual percentage increase in 2001-2007 was very alike to the previous period 1991-2001. Spain is a country with very high demand for second homes, both for Spaniards and foreigners. We present a comparison of the number of overnight stays in second homes and hotels which show the great economic importance of both types of tourism. Finally we estimate several econometric models that take into account the impact of second homes on regional production and employment.