British owners of holiday-homes in Spain paid far fewer visits last year, finds a new study.
Visits to Spain by British owners fell by 17pc, whilst visits by German owners were down 11pc, reveals a new report by the government-sponsored Institute of Tourism Studies (IET).
The drop in the number of tourists staying in their own properties was much more pronounced than the fall in the number of hotel bookings, which, in the case of British tourists, were down just 0.6pc last year.
The study also found that British tourists staying in their own holiday-homes spent 55 Euros/day on average, compared to 111 Euros/day average for hotel guests. Spaniards staying in holiday-homes spent an average of 21 Euros/day.
30% of Spaniards stayed in holiday-homes in 2009, compared to just 8.6pc of foreign visitors.
Holiday-lettings also fell in 2010, -13.5pc in the case of British tourists, and 13.4pc in the case of Germans. Bad news for landlords on the coast.
The decline in the number of tourists staying in holiday-homes coupled with the crisis means that “the purchase of a holiday-home is at present far from a priority for the average family,” concludes the report.