I know we focus on holiday homes in popular tourist areas, but sometimes we need to look at the bigger picture.
Latest figures from Eurostat (“housing conditions in Europe 2009”) show that 83pc of Spaniards are owner-occupiers, one of the highest levels in the EU. Only 57pc of Austrians, in contrast, are owner-occupiers.
Spaniards are the biggest market for holiday homes in Spain, and they definitely have the property-ownership bug. You can be sure there is a lot of pent-up demand.