Vacation Apartment Prices: A Summer Trend Across Spain and Nearby Regions
Renting a summer apartment is becoming increasingly expensive. A beachfront tourist flat for a week in August averages 1,160 euros nationwide, up from 1,055 euros the previous year, a rise of about 10 percent, according to the annual report compiled by the appraisal firm Tecnitasa. Across the board, holiday accommodations have climbed by more than 100 euros in the last year, and the increase since the summer of 2020 reaches roughly 40 percent when weekly rates moved from 826 euros to today’s levels.
The report notes that while the residential market has slowed in recent months, holiday rentals still post meaningful average gains, with increases over the past three years running around 25 percent. Jose Maria Basañez, president of Tecnitasa, explains the driver: the rise in summer rental prices for first-line beach properties is tied to sustained demand from both domestic and international travelers, resulting in most listings being booked months in advance.
Zonas where prices have risen the most and the least
The study highlights Cantabria as one of the areas with the sharpest price increases. Initially not a top choice, it now records above-average price growth, with increases exceeding 12 percent in some spots. In Comillas Beach, 70 square meters can fetch nearly 1,900 euros per week; in Concha Beach, Suances, the rate is around 1,700 euros for a slightly smaller space, and in Laredo and Santoña, prices hover near 1,400 euros for roughly 70 square meters, according to Tecnitasa.
A similar pattern appears in Lugo. The appraiser notes that last year one could find the cheapest options at 350 or 450 euros per week, but by 2024 nothing remains under 550 euros.
Another notable shift occurs in the Canary Islands, where holidays have seen substantial price hikes. Between 2023 and 2024, apartments in popular tourist municipalities sized 35 to 50 square meters, including Adeje, Mogán, Arona, San Bartolomé de Tirajana, Puerto de la Cruz, and the capital Las Palmas de Gran Canaria, rose on average by about 300 euros per week.
Regions with relatively stable or modestly rising prices include Girona, Huelva, Asturias, and Gipuzkoa. In areas such as Castellón, Almería, A Coruña, Vizcaya, Tarragona, Málaga, Barcelona, and Baleares, increases range from roughly 3 to 6 percent. Other provinces see higher growth, with rises between 6 and 12 percent in Murcia, Granada, Pontevedra, Valencia, Alicante, and Cádiz, while a broad swath of remaining provinces also posted notable gains.
Across the board, the message remains clear: demand for short stay vacations near coastlines continues to push up prices, reflecting a market that has shifted from a traditional seasonal premium to a sustained premium driven by traveler interest and occupancy levels that stay elevated well into the summer months.
These patterns are consistent with the broader tourism rebound seen in many regions, where holiday accommodations command higher weekly rates as operators balance capacity constraints with persistent demand. Critics warn that continued price pressures could influence consumer choices, nudging some travelers toward alternative destinations or different property types, but the data so far suggest a resilient market that rewards listings with strong location advantages and shorter horizons for availability planning .