Why do seasonal rentals in Spain win more hearts than long-term rentals?

What Happened: Seasonal rentals in Spain are surpassing long-term rentals in popularity

The last quarter of 2023 sees a surprising transformation in the Spanish property market, with seasonal rentals becoming a clear favorite over long-term rentals. According to the latest data, the share of seasonal rentals has reached 11% of the market, with supply growing by 58% year on year. While the supply of long-term rentals decreased by 15%.

Seasonal rentals in the spotlight

The cities of San Sebastian and Barcelona stand out in the ranking of leaders in seasonal rentals, where more than a third of the houses offered are for short-term rental. They are followed by Cadiz, Valencia, Malaga and Madrid. While in quieter regions such as Melilla and Ciudad Real, seasonal rentals are virtually non-existent, accounting for just 1% of the market. Here, most of the offers are for long-term rent.

Market dynamics

Among the major markets, the largest increase in seasonal rentals was recorded in Malaga, with an increase of 123% in the last quarter. It is followed by Valencia, Alicante, Seville, Palma and Bilbao. However, in some capitals such as Zamora, Teruel and Leon, seasonal rentals have decreased.

Long-term rentals: Reduced supply in major markets

While seasonal rentals are rising, long-term rentals continue to decline in major markets. The largest reductions were recorded in Bilbao, San Sebastian, Seville and Palma. However, Valencia, Alicante and Malaga have seen a slight increase in the supply of long-term rentals.

Up and Down Trends: Which cities are leading and losing?

Seasonal rentals have grown significantly in small markets where this type of rental previously was virtually non-existent. The growth is particularly impressive in Badajoz, Lleida and Ciudad Real. While in some capitals, such as Zamora and Teruel, seasonal rentals have declined. Long-term rentals are also experiencing changes, with the largest declines in Cordoba and Oviedo, and increases in Ceuta and Teruel.

Judging by the latest trends, seasonal rentals are becoming an integral part of the Spanish property market, attracting both locals and foreign tourists in search of a unique experience and comfortable stay in this amazing country.