The cost of renting a holiday-home on the beach in Spain has gone up on average by 10% in a year, according to research by the valuations company TecniTasa.
The average weekly cost of renting a front-line beach apartment has gone up from €664 in the summer of 2016 to €729 this summer, they found. That’s an increase of €65 per week, +10% in a year.
There are, as always, big regional variations.
Ibiza, once again, is the most expensive place to rent a flat on the beach for a week this summer. They found that an apartment in Santa Eulalia of 100m2 can be rented for €3,400/week, whilst a 70m2 flat on the Platja Den Bossa goes for €2,300/week. In other areas like Sant Antoni, Sant Josep, and the area around the port of Ibiza, prices range from €1,500 to €3,400 per week.
Holiday-rental prices in the Canaries for a typical 70m2 to 100m2 flat on the beach are lower than the Balearics, typically between €300 and €500/week.
Prices on the Mediterranean coast vary from €1,600/week in Sitges south of Barcelona, to as low as €300/week on some beachfront locations in Andalucia, Murcia, and the Valencian Region.
The cheapest front-line apartment to rent this summer found by TecniTasa was in Lugo, in the north, where a flat of 60m2 is available for just €200/week, unchanged from a year ago.