The cost of rental housing in Spanish resorts this summer was announced 2020

The cost of rental housing in Spanish resorts this summer was announced

25.06.2020 15:00

For a week of living on the coast of Spain this summer, tourists will need to pay from €200 to €2800, depending on the chosen region. Experts from the Spanish appraisal company TecniCasa have come to this conclusion. They studied the existing rental rates for resort accommodation in Spain, concluding that in 2020, the cost of rental property has increased by 3%.

Because of the coronavirus, tourists now choose vacation spots close to their homes. They mainly prefer epidemiologically safe areas. For a suitable option, tourists are even willing to pay more than they originally planned, reports Noticia.ru.

The regions with the highest prices

The most expensive real estate for rent is on the Balearic Islands. For example, on Menorca (Punta Prima), a week in an apartment will cost €2800, on Ibiza — €2200, on Mallorca — €2000. In Marbella, rental fees for holiday homes are also high. Here, in the Puerto Banus area, the rate reaches €2600.

Cheap properties

Much cheaper summer holidays will cost in Sotogrande and Cadiz, no more than €1500 per week. Similar prices for rental residences are in Alicante and Sitges.

The most affordable options are in the province of Lugo, located in the north-west of Spain. In this area, one can rent an apartment for 7 days for just €200-500. Cheap apartments are also available for rent in Andalusia. If going to Motril, Granada, tourists can rent 80 square meter housing for only €350. On the Canary Islands, rental apartments are even cheaper, around €275 per week.

Based on materials: Prian