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 €1,100 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 €729, €65 more than last year and 30% more than in 2014.

Ibiza, Sotogrande, Sitges, Salou and San Sebastián are also in the top tier and will exceed €1,100 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 Alarcón (18.5 years), Sant Cugat del Vallès in Barcelona (17.7 years) and Madrid (17.1 years).

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

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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