2 Jul, 2017 @ 17:10
1 min read

Marbella among most expensive areas to rent AND buy property in Spain, new report finds

marbella property update e
Marbella, Costa del Sol
Marbella, Costa del Sol

MARBELLA will be one of the most expensive towns to rent property in Spain this summer.

Prices are expected to exceed โ‚ฌ1,100 per week, according to a report by TecniTasa.

Holiday rentals in the main beach areas of Spain for this summer have risen almost 10% since a year ago.

On average across Spain, enjoying a week on the coast will cost โ‚ฌ729, โ‚ฌ65 more than last year and 30% more than in 2014.

Ibiza, Sotogrande, Sitges, Salou and San Sebastiรกn are also in the top tier and will exceed โ‚ฌ1,100 per week.

Marbella was also named one of the top three hardest areas to buy in Spain.

A report by Idealista found that it would cost an average family earnings of 35.1 years to be able to purchase a property in Marbella.

Behind it are San Sebastian de los Reyes in Madrid (18.8 years), Barcelona (18.6 years), Pozuelo de Alarcรณn (18.5 years), Sant Cugat del Vallรจs in Barcelona (17.7 years) and Madrid (17.1 years).

The top 15 is completed by Palma (15.9 years), Benalmรกdena (14.8 years), Fuengirola (13.4 years), Malaga capital (12.8 years) and El Puerto de Santa Marรญa in Cรกdiz (11.7 years).

Click here to read more News from The Olive Press.

Staff Reporter

Staff Reporter

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