Renting an apartment in August on the beachfront can cost up to 3,000 euro to the week in areas such as Puerto Banús, in Marbella, on the Cantabrian beach of Portio and in the small Mallorcan municipality of Santanyí, which top the list of municipalities with the highest holiday rentals in all of Spain.
According to data from the real estate group tecnitasasummer rental prices have risen by just under 40 euros on average this year in Spain, going from 1,016 euros last year to 1,055 that will have to be paid for each week in 2023.
By autonomous communities, where prices increase the most is in the Balearic and Canary Islands, which double the national average, while in other areas such as AndalusiaAsturias or the Valencian Community, rents rise in August between 3 and 6%.
The Spanish offer, explains Tecnitasa, is very varied along its wide coastline, as are the prices, which range from 350 euros a week that a flat in Vicedo (Lugo) can cost to 3,000 euros in the Balearic Islands or the Costa del Sol.
On the Andalusian coast, the highest rents are found in Puerto Banús (Marbella), where a house of 100 square meters It can cost these 3,000 euros per week. However, if you search in the urban area, the marina or Fontanilla, you can find flats for 1,900 euros per week for a very similar area.
In the province of CadizIn areas like La Marina de Sotogrande or Puerto de Santa María, getting a good stay costs more than 1,500 euros per week.
The cheapest rentals in Andalusia are in the municipality of Almeriawith a cost of 650 euros per week on the beachfront.
On the list of most expensive areas, The Balearic Islands are not far behind. In the Portocolm area, in Santanyí (Mallorca), a flat by the sea can also cost 3,000 euros per week, while in Pollensa (Mallorca) you can get a chalet for about 200 euros less, as in the port of Ibiza, where renting a flat of about one hundred meters costs about 2,900 euros a week.
“For this season of summer 2023 There is more advance notice in contracting rentals of homes on the beach, given the high existing demand”, explains the president of Tecnitasa, José María Basáñez.
The manager points out that many vacationers “close their summer rental contracts more than six months in advance, or even longer, to avoid last-minute surprises while enjoying their vacations on the beach.”