Despite the current financial situation, evidence shows an increase in the amount of holiday rentals here on the Costa del Sol this summer. A typical apartment has received an increase in rentals of 15%, a typical villa 33% and a typical penthouse showing a 37.5% increase in the amount of rentals, with an overall increase of 29% in arrivals.
This is great news for the rental market as it shows that people are still going on holiday and what’s more they are opting to rent private accommodation. Perhaps this is due to self catering accommodation being more cost effective or more family friendly, whatever the reason it is a good sign for property owners here in on the Costa del Sol.
If you are a Spanish property owner you can take advantage of the demand and generate income from your property. The properties which are most in demand from holidaymakers are those which are close to the beach and shops and those which are family friendly.