Vacation rental and long-term rental prices soar in Marbella

The highest average vacation rental price in Spain is in Marbella, reaching 3,700 euros per week according to the latest report ... prepared by Tecnitasa. The exclusivity of Puerto Banús and the Golden Mile is increasingly strong, and the town is positioned at the forefront of luxury destinations in the country. The same study indicates that renting a vacation apartment on the Spanish coast will be on average between 6 and 7% more expensive in 2024, which means that almost 110 euros more per week will have to be paid on average, reaching 1,270 euros. This figure shows that the cost for the same period in Marbella triples.

The price of vacation rentals on the coast in Spain has accumulated, on average, a rise close to 40% since 2020. Over the last five years, the evolution has approached double digits on more than one occasion. However, the data recorded by Grupo Tecnitasa in its latest report reveal a moderation in the price increase, moving from a 10% increase in 2024 to this year's 7% rise.

Long term

These are not the only figures that have recently skyrocketed in the city, as for the long term, a standard three-bedroom apartment now reaches 1,800 euros per month. The real estate portal Idealista shows a growth of 8.3% compared to the same period in 2024, with the price per square meter in May at 19.1 euros.

The problem of finding long-term housing in Marbella is increasingly difficult. The legal insecurity felt by many owners due to the emergence of the new figure of 'inquiokupas' has led them to withdraw their properties from the market or switch them to vacation rentals. As noted by the Marbella lawyer, Antonio Fernández Álvarez, in his office, in the last three years, cases to evict tenants who do not pay have increased by 60%, which shows the proliferation of this problem. All this also causes prices to continue rising in the town.

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