The holiday let market in Spain is up by around 20 per cent compared with last year, with demand from both Spaniards and foreign holidaymakers soaring, according to a recent report by international rentals platform HomeAway.es.
This will be welcome news to anyone who rents out a property on one of the Costas, or is planning to purchase a holiday let anytime soon. Reasons for this surge include fewer people opting to travel to countries that could be deemed higher risk, including Egypt and Tunisia.
By tracking activity on the Spanish version of their site, HomeAway.es, the rental website can reveal that demand from local Spanish people for holiday accommodation in Spain is up 52 per cent this year compared to the summer period 2015. The most popular regions with Spanish people are Andalusia (34 per cent), Balearic Islands (20 per cent), Valencian Community (13 per cent), Catalonia (11 per cent), Asturias (5 per cent) and the Canaries (4 per cent). Interest in Catalonia grew at the highest rate year-on-year, by a staggering 71 per cent.
Looking closer still, the coastal areas most popular with Spaniards were the Costa de la Luz (Andalusia), which registered nearly 24 per cent of the holiday rental requests, followed by the Costa Blanca (Valencian Community) which attracted 17 per cent of the market and the Costa del Sol (Andalusia) with 14 per cent.
Looking at the international market, demand for holiday accommodation grew the most from British people, rocketing by 78 per cent, largely focused on Mallorca. Italians weren’t far behind, recording 71 per cent growth, followed by the Portuguese (44 per cent), French (39 per cent) and Germans (22 per cent).