According to Spanish real estate agencies, more than 20% of the total housing stock in Spain is leased. In Alicante, this figure is even higher – 30% and will only grow due to the expansion of tourism, experts predict.
This is not surprising – the magnificent Mediterranean climate, numerous historical sights, magnificent promenades and the magical sea attract millions of tourists every year, who each time discover a bright and welcoming Spain in a new way.
The development of international student programs, as well as the lack of desire among modern youth to acquire their own square meters, contributes to an increase in the share of rental housing.
Taking into account the fact that Spain is one of the most popular tourist destinations in the world, short-term rental housing for the summer period guarantees a 5% return – in the summer months, almost 90% of the resort housing is booked here. Continue reading