Costa del Sol property sales, rentals & management

33 tourist rental properties registered per day in Málaga and the Costa del Sol

33 tourist rental properties registered per day in Málaga and the Costa del Sol

May 24, 2017
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The number of places in privately rented holiday accommodation in Málaga and the Costa del Sol is nearing that of hotel beds available in the region, quashing fears that the regulations governing rented tourist accommodation in Andalucía would have a negative sector on the industries sector.

 

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Introduced ten months ago, the new regulations ensuring that properties used as holiday rental accommodation are registered with the Andalusian tourism authorities are witnessing around 1000 new registrations per month, on average 33 per day. While hotel occupancy rates in the region remain strong, bookings could soon be overtaken by those of tourists using rented accommodation, causing the industry to call for these figures to be included in official figures.

Since the regulations came into force nearly 11,000 properties, providing 54,152 tourist beds, have been registered in Málaga province whilst there are 79,029 hotel places available in the region (not including hostels). By the end of this summer there could be more places in rented accommodation than in hotels on the Costa del Sol according to tourist authorities.

With the Costa del Sol set for another bumper year for tourism, investors and property owners are realising that the sector can be a way of generating extra income with low risk involved. According to official figures some 33% of registered holiday property owners in the Málaga region are not resident in the province, in fact it is believed that over 3,000 owners are not resident in Spain.

Over half of all holiday rental properties registered within Andalucía are in the Málaga region, due largely to the popularity of the Costa del Sol, the number of beds available in Mijas actually outnumbers the number of hotel beds by 437%.

Despite the increasing numbers of investors being tempted to buy rental properties in Málaga and the Costa del Sol and the current growth being witnessed in the sector, hotel occupancy levels remain largely unaffected with many being fully booked at weekends.