ANDALUCÍA, CHOICE FOR 3.51 MILLION TOURISTS IN JANUARY 2015/RENTAL PRICES SURGE.

British holidaymakers on average account for more than one in five tourists visiting Spain. In January 2016, tourist figures shot up by 11 per cent. Blessed with mild winters and over 300 days of sunshine per year, the region of Andalucía benefits from an intricate infrastructure with excellent national and international transport links and a number of airlines that offer very cheap year round flights. Once again, an unusually warm winter in Andalucía and affordable flights made the culturally rich and picturesque region a top choice for thousands of tourists seeking some winter sun.

According to recent government statistics, a total of 3.51 million tourists visited Andalucía in January. There was also a 16.2 per cent rise in the number of visitors from the UK to Spain, with a total of 706,000 visitors. The British accounted for 20.14 per cent of the total number of tourists, the French followed with 13.5 per cent and the Germans closely behind with 13.1 per cent. Scandinavian tourists accounted for 11.2 per cent of all the visitors and Italy 6.3 per cent.

Notable increases were tourists from Switzerland and Ireland up 37 per cent and 23 per cent respectively. 239,000 additional tourists hailed from other parts of the world.

While the region has enjoyed a thriving tourism industry for many years, the recent influx in holidaymakers has assisted in driving up rental prices along the Costa del Sol. Rent levels in Malaga have particularly experienced an increase, as tourists increasingly flock to the cities many cultural hotspots and newly developed areas and offerings. Property rents in 2015 rose by an incredible 13.5 per cent according to a recent report, a rise that is four times higher than the national Spanish average.

After Marbella, Malaga is now the second most expensive city in Andalucía, with an average rent per square metre of 7.8 euros compared to 9.6 euros in the celebrity hotspot of Marbella and Puerto Banus.

For information on our latest property listings, please view our Costa del Sol properties for sale.

Alex Evans

You May Also Enjoy

Estate Agent Talk

Mortgage Rates and Human Behaviour: Why Small Changes Create Big Reactions

By Sarah Thompson, Group Financial Services Director, Mortgage Scout Mortgage rates have returned to the headlines in recent weeks, with some lenders pushing products back above 5%. Renewed market volatility has been driven in part by global uncertainty, including the conflict in the Middle East and its impact on energy markets and investor confidence. Yet…
Read More
Breaking News

Nearly six in ten UK property purchases trigger AML red flags

Nearly six in ten UK property purchases now require further scrutiny under anti-money laundering (AML) rules, according to new data from client due diligence platform Thirdfort. Analysis of more than 415,000 completed Source of Funds (SoF) checks found that 57.7% of transactions contained at least one red flag, with an average of two flags per…
Read More
Breaking News

Vanishing act of sub-4% fixed rate mortgages

A cut to Bank of England Base Rate (BBR) looks increasingly unlikely, with the upheaval in mortgage re-pricing leading to a vanishing act of sub-4% fixed mortgages, according to Moneyfactscompare.co.uk analysis. Mortgage market analysis The pool of lenders offering a sub-4% fixed rate deal has taken a significant blow. All of the biggest banks, namely…
Read More
Estate Agent Talk

Government’s Home Buying and Selling Reform

Will the Government’s Home Buying and Selling Reform Consultation Increase or decrease the speed at which the market moves? Kevin Shaw, National Sales Managing Director, LRG The government’s consultation on Home Buying and Selling Reform is a step in the right direction. It recognises what every estate agent and conveyancer already knows: property sales take…
Read More
Letting Agent Talk

The Draft Leasehold and Commonhold Reform Bill

Content and clarification Comment from the Association of Leasehold Enfranchisement Practitioners (ALEP) By Shabnam Ali-Khan – Partner, Russell-Cooke Following the rushed Royal Assent of the Leasehold and Freehold Reform Act 2024, further controversy has arisen. In the King’s Speech on 17 July, the new Leasehold and Commonhold Reform Bill was announced, but the full details…
Read More
Rightmove logo
Breaking News

Steady March market so far despite global uncertainty

Average new seller asking prices rise by 0.8% (+£3,023) in March to £371,042, a typical seasonal increase in prices: The number of homes for sale remains at an eleven‑year high for this time of year, limiting more significant price growth and reinforcing the need for sellers to price more competitively to attract buyer interest The…
Read More