Mallorca boasts the highest occupancy rate for non-hotel tourist accommodation in Spain, according to new figures.
Research from INE (Spain’s National Institute of Statistics) shows that more than 88% of the Island’s holiday dwellings offered as available in August were occupied. Agent Mallorca Sotheby’s International Realty needs high-end property to fulfil this demand.
Marta Jaume, Head of Rentals at Mallorca Sotheby’s International Realty, says, “Mallorca’s private holiday rentals market offers great flexibility to both families and groups wishing to stay together. This kind of non-hotel holiday is becoming ever more fashionable, and provides a great opportunity for owners of high-end Mallorca property to make their investment work hard for them when they are not ‘in residence’. The only issue is our rentals department has been incredibly popular ever since it opened, and we often have more demand than we have villas and apartments available.”
Aside from INE’s positive picture for Mallorca, which also confirmed 1.1 million overnight stays in non-hotel tourist accommodation on the Island in August alone, baseline figures from FRONTUR paint a glowing report for Spain as a whole. The organisation’s Inbound Tourism Survey revealed that more than 54 million tourists arrived in Spain in the first nine months of 2015, an increase of 3.8% on the same period last year – and an all-time record.
Overall, according to INE, stays in non-hotel accommodation across Spain rose by 2.7% in August compared to 2014, while the national occupancy rate of holiday dwellings of 62.3% was also an increase on last year. Set against the occupancy rate in Mallorca of 88.5%, it is easy to see how important the holiday rentals market is on the Balearic Islands.
This news coincides with a report released by Canadean – Travel and Tourism in Spain to 2019 – which shows that low-cost carriers increased their market share of international flights arriving in Spain in 2014 to 52.2%, up from 44.2% in 2009. Low-cost carriers are the automatic first choice of independent travellers who prefer to book the whole of their trip themselves, and who are most likely to stay in non-hotel accommodation.
On the Rental Market in Mallorca:
Ref 6132 – Villa with sea views for rent, Port Andratx
(See more images by clicking on the gallery at the top of this page).
Newly built country home in Port Andratx, very close to the harbour’s bars and restaurants, with spectacular views of the Island’s incredible sunsets. The main property is built on two floors with an elegant hall and two double bedrooms with fireplaces, en-suite bathrooms and dressing rooms at entrance level. The ground floor boasts a large living room, dining room, kitchen with high-quality Gaggenau appliances and a further bedroom with bathroom and dressing room. The home also benefits from two independent guest apartments with en-suite bedrooms and separate entrances, plus one staff apartment with kitchen. High-quality construction materials and finishes have been used throughout. Extras include a large heated swimming pool with wonderful views, a barbecue area, Spa, gymnasium, sauna, wine cellar, underfloor heating, air conditioning, installed music system, lift and several parking spaces. Available for both short and long term rental.
Seven bedrooms, Six bathrooms
Built area 875m², Plot size 1,890m²
Price from €35,000 per month on a long-term let (approx. £25,200)
Contact Mallorca Sotheby’s International Realty on phone: (+34) 971 721 000, or visit www.mallorca-sothebysrealty.com
Ref 7290 – Spacious Loft for Rent, Palma
This recently renovated loft offers spectacular views of the sea and the harbour. The property is situated just a five-minute walk from the popular neighbourhood of Santa Catalina with its bars, restaurants and trendy shops. The historic centre of Palma can be reached within 15 minutes. The southeast-facing loft comprises of a master bedroom with bathroom en-suite and access to a terrace overlooking the sea, plus two double bedrooms – one with balcony – and a further bathroom. The rest of the property is designed as an open space and comprises kitchen, dining and living room and an additional area which can be used as bedroom or office.
Three Bedrooms, Two Bathrooms
Built area 160m²
Price €2,900 per month (approx. £2,100)
Contact Mallorca Sotheby’s International Realty on (+34) 971 721 000, or visit www.mallorca-sothebysrealty.com.
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