IT is great news for tourism and for the dwindling property market.
The number of holiday lettings in Spain has shot up over the last six months, which bodes well for investors interested in the Spanish property market.
According to the latest figures from Malaga-based company Spain-Holiday.com, the number of bookings in the first six months of this year has increased by 31.5 per cent.
Moreover, 38 per cent of the reservations were for the summer months of June and July showing that while the Spanish might just book last minute other Europeans are making their plans in the first half of the year.
Low cost airlines have also played their part as the areas seeing increases in demand largely coincide with new flight routes.
Meanwhile more and more Spaniards are also choosing to rent apartments for their holidays with the figures showing a 71 per cent rise on June last year, moving away from previous trends of Spanish ‘staycationers’ always staying in hotels or with family.