Beach rentals sharply more expensive in Spain this summer

by Lorraine Williamson
Puerto Banus holiday rentals

Since the pandemic summer, the average weekly summer rental price has increased by €230. Consequently, those looking to rent a property on a Spanish beach for a week can expect tp pay an average of €1,035. 

Summer and holidays are just around the corner and most people have already planned their holidays for the months of July and August. Beach resorts still remain a favourite destination for summer holidays. But those planning to rent a holiday home in a seaside resort this year will have to dig deep into their pockets. Especially if it is right by the sea. The cost has increased by 3.75% compared to last year.  

Cogesa Expats

Specialist housing portal Idealista has published a report on the rise in these rents, basing itself on data from valuation, consultancy and sustainability group Tecnitasa. According to the latter, the average increase in Spain this year is €40 per week rented, rising from €1,016 per week in 2002 to €1,055 in 2023. Furthermore, Tecnitasa explains that since the summer of the pandemic, the increase in rental costs is more than 27%. This amounts to an extra €230 per week.  

Rise and fall 

The autonomous communities where prices have risen the most are the Balearic Islands and Canary Islands, which are double the national average. But Galicia and the Basque Country also stand out. At the other end of the spectrum, Murcia, Cantabria and Catalonia recorded a year-on-year increase of less than 3%.  

These are the most expensive locations 
  • Puerto Banús (Marbella, Málaga) 
  • La Marina de Sotogrande (Cadiz) 
  • Puerto de Santa María (Cadiz) 
  • La Toja (Pontevedra)  
  • Liencres (Cantabria)  
  • Santanyi (Balearic Islands) 
These are the cheapest locations  
  • Moncófar (Castellón)  
  • Vinaroz (Castellón)  
  • El Saler (Valencia) 
  • Calpe (Alicante) 
  • La Colonia Beach (Águilas, Murcia) 
  • Calabardina (Águilas, Murcia) 

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