Spain ranked top choice for buyers of holiday-homes

According to a recent international survey, Spain is the most attractive destination for investors seeking a second home abroad.

Conducted by a global platform for holiday rentals, Spain ranked in first place, with 19.3% of respondents of those surveyed, followed by Portugal with 13.2% and France with 13.1% in third place.

Of the participants who took part, 44% of resident owners of second residences in Spain were foreign. The largest groups hail from the United Kingdom (19%), Germany (12%), The Netherlands (4%), France (3%) and Belgium (2%). The remaining 56% of second-property owners are Spanish.

Second homes are largely located in the Canary Islands (12%), the Costa del Sol (9%) and the Balearic Islands (9%) and two-bedroom homes are the most popular. The average price of holiday homes acquired by national investors amounted to €245,000, 22% lower than the average ten years ago.

Many owners of second homes subsidise their investments by renting them out for 19 weeks a year on average. Spanish owners of second homes obtain an annual income of €12,000, with 43% of 84% of owners seeing the same or an increased number of reservations in recents months.