Spain’s record-breaking tourist numbers in the first half of 2015 will be welcomed by British homeowners up and down the Costas, many of whom rely on holiday lets to help pay for the running costs of their property.
“The number of foreign holidaymakers in Spain increased by 4.2 percent between January and June compared to the same period last year,” said Elaine Ferguson, Head of OverseasGuidesCompany Resource Centre. “Echoing this, travel website TravelSupermarket.com reported that a third of all enquiries between Jan and the second week of June were for Spain, with Mallorca the most popular destination and five other Spanish destinations making the top 10, including Benidorm.
“The weak euro will have helped drive this hike and it’s possible the ongoing trouble at terminals in Dover and Calais may have steered some people towards flying to Spain for a holiday rather than risk delays driving to France. We know that a large percentage of our Spanish enquiries are for property with strong letting potential, so Spain’s bullish tourism figures will be reassuring for homeowners in hot spots such as the Costa Blanca and Costa del Sol.
“At OverseasGuidesCompany.com, Spain remains the most popular country in terms of enquiries, with SpainBuyingGuide.com accounting for 32 percent of all downloads of our Buying Guides in the second quarter of 2015. Despite a slight cooling off compared to the first quarter, Spanish enquiries were up a healthy 55 percent compared to the same period in 2014.
“Also encouraging are recent stats from Spain’s General Council of Notaries showing that home sales in Spain rose 8.4 percent in May compared to the same month last year. These sales were driven by resales (14.5 percent increase), while new home sales fell 21 percent, arguably held back by a lack of quality of new-build property in Spain.”