Grupo Vapf

Lettings demand on the increase in Spain

June 2011 data extracted from property letting companies in Spain show a 9% increase on the demand of housing for rent in Spain, compared to the same month in 2010.

The data reveals that Spain ranks on the third place of popularity among Europeans visiting countries within the continent. Only France and Italy have a better rank, while Portugal gets the fourth position. The analysis highlights English tourists as the most affluent demographics looking for tourist apartments for rent in Spain. The most growing demand has happened in Region of Valencia (63%), Barcelona, Formentera and Ibiza.

This information matches the data issued by INE —Spain’s National Statistics Institute— on 29^th June 2011.

The analysis by INE versed about a survey about occupation on tourist accommodations excluding hotels on May 2011. Results showed that the amount of days booked in tourist apartments was of over 4 million in May 2011. This means a 2.2% increase compared to May 2010, and the average booking length also increased when compared to the same month last year, on an additional 2.8% (6.2 more nights per tourist)

If the trends continue the same path IN July and August, the booking of tourist apartments will reach significant sums this summer 2011. We will keep an eye on this new data and will inform you here as soon as the information becomes available.

Find in this link information about the apartments on sale at Cumbre del Sol, Poble Nou de Benitachell, between Jávea and Moraira, with significant savings of up to 35% off and good profitability projections via lettings.   For additional information, please call at +34 965 734 017 or e-mail at telemarketing@vapf.com.