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Many people choose to buy a second home in Spain, not only to enjoy it themselves, but also to rent it out as a holiday home. Tourism in Spain has recovered strongly since the pandemic and remains an important pillar of the economy. The real estate market in Spain is on an upward trend. [\/et_pb_text][et_pb_video src=”https:\/\/www.youtube.com\/watch?v=VXYZlbqIj10″ _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_video][et_pb_text _builder_version=”4.27.0″ _module_preset=”5c989a74-8649-4b9a-a4a2-6d2b8ae2551c” header_4_font=”|700||on|||||” header_4_text_color=”#687D65″ header_4_font_size=”12px” header_4_letter_spacing=”0.2em” header_4_line_height=”1.8em” custom_margin=”33px||-22px||false|false” header_4_font_size_tablet=”” header_4_font_size_phone=”12px” header_4_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n However, local governments in Spain are increasingly revoking rental licenses to control rising house prices. 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\nHowever, this trend has led to protests<\/a> from local residents, concerns from the government, and concrete measures, especially as it causes house prices to rise, making it more difficult for local residents to find affordable housing.
\nThis year, for example, there were already large protests against tourism and holiday homes in Spain, in Malaga no less than 20,000 people took to the streets.
\nIn Barcelona, the mayor announced that by 2028, all eleven thousand tourist licenses will be revoked<\/a>.
\nThis is not good news if you have just invested or want to invest in a holiday home in Spain because it creates uncertainty.
\nIt is therefore important to be well-informed before making any investment. <\/p>\nCurrent Market Data<\/h4>\n
\nIn 2023, tourism contributed 12.8% to Spain’s GDP, with a total economic impact of \u20ac18.66 billion (InvestinSpain<\/a>).
\nThe number of tourists continues to rise, with 35.7 million overnight stays in hotels in May 2024, an increase of 11.05% compared to the previous year (Dataestures<\/a>). <\/p>\n
\nIn regions such as the Costa Blanca and the Balearic Islands, popular destinations for holiday homes, prices continue to rise.
\nIn Alicante, the average price per square meter is 1,982 EUR, while in Barcelona it is around 3,907 EUR (Idealista<\/a>).
\nFor 2024, an average increase of 2-3% is expected (Idealista<\/a>).
\nSo far, investing in a holiday home in Spain seems like a good idea. <\/p>\nPermits and regulations<\/h4>\n
\nWhether this will work remains to be seen, experts point out that only 1.3% of the number of homes is intended for holiday rentals and the cause lies mainly in the fact that too few homes are built in the social sector.
\nHowever, this policy can have major consequences for investors who want to rent out their property.
\nWithout a permit, the possibility of renting out legally expires, which not only affects the return but can probably also reduce the value of the property. <\/p>\nAdvice for potential investors in holiday rentals in Spain<\/h4>\n
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\nIn some areas, these rules can be strict, and it can be difficult to obtain or maintain a permit. <\/li>\n
\nHouse prices are rising faster than inflation on average, especially in the popular holiday areas, which means that your investment is likely to increase in value. <\/li>\n
\nThis ensures that you always get value from your investment, regardless of the rental income.
\nAfter all, life is not only about returns, and certainly in Spain you can enjoy all the nice things that Spanish life has to offer every day. <\/li>\n
\nA local expert can help you navigate the complex regulations and provide insight into market trends, which can save you from unexpected problems.
\nAs a Personal Property Assistant, I can certainly help you with this. <\/li>\n<\/ol>\n
\nThe market remains attractive for both rentals and personal recreation, but the key to success lies in a thorough understanding of the local market and regulations.
Do you have any questions or would you like to talk further about the possibilities in Spain and especially Valencia?
\nPlease contact us.
\nWe are happy to help you with sound and local advice.
\nThis way, your investment in a Spanish property will not be a disappointment. <\/p>\nNo One Alder | Your Personal Property Assistant<\/h2>\n