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Spain's holiday season sees rising rents and hopes for tourism recovery

Date:2021-06-28

82.9 percent of Spaniards would stay in their own country for a holiday, while 48.9 percent of foreigners would like to take a holiday in Spain.

British tourists are still looking forward to the start of the annual holiday season in Spain in July, despite the outbreak, Europe Times reported.

Spain has been hit hard by the outbreak, but its geographical location means tourism is still booming, with locals and tourists from northern Europe alike enjoying a brisk seaside holiday on the coast of Spain. Rents on the coast of Spain are rising, the Abecai newspaper reported.

Spain lost a lot of tourists to the epidemic in 2020, with seven out of 10 foreign tourists "missing" during the holiday season, but this summer saw an exponential increase in demand for rental properties in Spain's coastal cities, the report said.

In fact, the resurgence of tourism in Spain is closely related to the trend of the epidemic. According to a survey by real estate consultancy BrainTrust, 82.9 percent of Spaniards would stay in their own country for a holiday, while 48.9 percent of foreigners would like to take a holiday in Spain, up from 30.4 percent in 2020. One of the most important is the epidemic.

To this end, an in-depth report by the Spanish National Tourism Agency pointed out that tourist apartments will become the main accommodation choice of foreign tourists arriving in Spain, in addition, about a quarter of foreign tourists will choose to rent apartments as the main type of accommodation.

According to Pisos.com, a well-known real estate agency in Spain, since May 31, the rent of holiday apartments on the Spanish coast has continued to rise, with an increase of 2.86% year on year in 2020. This is an encouraging trend and data. Ferran Font, manager of Pisos.com, says rents in Spain's Mediterranean region remain highly competitive.