THE average rent for an apartment on the beach front in Torrevieja has risen by 23 per cent, compared to prices in 2014.
According to the annual report of an appraisal company with nearly 50 offices spread throughout Spain, the average weekly rent of front line properties in Spain this summer was up seven per cent over the high season last year, reaching an average €595 a week compared to €552 in 2014.
This means the average Spanish family will need 27 per cent (two per cent more than last year) of their monthly salary to pay for a week’s holiday on the coast, given that the net monthly income per household is just over €2,100.
Torrevieja and Alicante Province recorded the greatest rental increases, along with Almeria where prices have risen 30 per cent. If you are looking for a cheaper getaway, prices have declined in Castellon by 20 per cent.
