Two thirds of Spanish holiday homes are on the coast

property for sale in mallorca

Holiday home in Mallorca. Photo credit Engel & Völkers

Spanish owners and buyers of holiday homes in Spain prefer the coast by a wide margin, reveals new research that shouldn’t surprise anyone.

Almost two thirds of holiday homes owned or sought after by Spanish families are located in coastal areas, according to a report published by Donpiso – one of the largest franchise networks of estate agents in Spain – reported in the Spanish press.

Donpiso’s report reveals that more than six million Spanish households own a second home in Spain, of which 3.6 million are located in coastal areas of the Spanish mainland and islands.

The profile of the average second home owning / buying household are couples between 35 and 49 years old, with children and steady income of 3,500 €/month or more.

The average budget for buying on the coast is €200,000, with considerable regional variations. Murcia is the cheapest region for holiday-home buyers, with an average price of €150,000, followed by Catalonia’s Tarragona province (home to the Costa Dorada) with an average price of €160,000, Alicante’s Costa Blanca with €200,000, and Girona’s Costa Brava, on €205,000. The average cost of a holiday-home in Malaga’s Costa del Sol, on the other hand, is €350,000, all according to Donpiso.

The company also points out that the busiest time for the holiday-home market in Spain are the six months leading up to the summer, after which demand cools down in the run up to Christmas.

About SPI News Feed

SPI News Feed provides general news about the Spanish property market and related articles translated from the Spanish press. For more in depth news, analysis, and opinion, see Mark Stücklin's blog.

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