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The Spanish Real Estate and Tourism Crisis

How has the crisis affected different coastal and rural areas

A survey among real estate agents and tour operators

The Spanish real estate and tourism crisis seems to have reached the critical stage.

Bubbles could be bursting shortly but some areas may have a soft landing.

In many respects tourism and real estate are closely linked.

The survey will form part of a series of articles about the Spanish Real Estate and Tourism Crisis.

The objective of this survey is to determine professional opinions, biased or otherwise. If you are interested in participating please see the details.

The survey results are calculated after taking average scores for 10 areas. When the contributor is unable to comment, through lack of knowledge, the average of 5 is applied.
Some contributors are not included in the survey, due to lack of overall knowledge, but their comments may be  interesting nevertheless.

Comments are also welcome for no-coastal areas. Although these areas are important it may not be possible to incorporate them in the actual survey results.

Please see individual results and comments.

Send your comments via the Survey Comments Form


The Spanish "Costa" Areas - current results.


9.29 Costa Blanca North Alicante to Denia
7.57 Balearic Islands Mallorca and Menorca
7.29 Costa Blanca South Alicante to San Pedro del Pinatar. including Torrevieja
6.86 Costa del Sol Gibralta to Motril
6.71 Costa Calida/ Almeria Motril to San Pedro del Pinatar
5.43 Costa de Valencia Denia to Valencia
5.29 Canary Islands Gran Canaria, Lanzarote, Fuertaventura and Tenerife
5.00 Costa Brava Barcelona to the French Border
5.00 Costa Dorada Vinaroz to Barcelona
5.00 Costa de Azahar Valencia to Vinaroz


Another survey among Spanish estate agents placed the Costa Blanca North area at No.1 followed by the Granada area and Valencia joint second.


Some comments from those who participated in the survey

Villa World | Villa holidays across Europe, Dubai and USA. ATOL-Bonded Villa Specialist, based in Cambridge, UK and established for 10 years. Villa World arrange luxury villa holidays in Mallorca, Menorca, Costa Blanca North, Costa del Sol, Costa Brava, The Algarve, Lanzarote, Fuerteventura, Cyprus, Dubai, The Caribbean, Florida and Bulgaria.
COMMENTS: Starting in 2002 interest in all Spanish locations went into decline but now seem to have bottomed out.
During 2007 the most sought-after location is Mallorca, with less interest in Menorca.
Close in second place is North Costa Blanca (Moraira, Javea and Denia).
Then Costa del Sol (west of Malaga) but the Nerja area still struggling, followed by the Canaries and Costa Brava.

VillaServers | Villa holidays in the Moraira area. VillaServers (Villa Holiday Services), with offices in Moraira, have been established for more than 2 decades and are registered as a Tourist Rental and Service Agency by the Valencia Tourist Authority.
COMMENTS: There seems to have been a general decline in tourist visitors to this area since around 2000, probably caused by  competition from other resorts in Spain and elsewhere.
Summer 2007 results indicate that the decline has finally levelled out with considerable interest in better quality properties.
INCLUDED IN SURVEY RESULTS (Rental Agency) 1 -Balearic Islands. 2. Costa Blanca North. 3 - Costa Blanca South. 4 - Costa Valencia.

Moraira Homefinders | Property for Sale in the Moraira area. Holiday, investment, residential and commercial property for sale in Moraira Area (Moraira, Teulada, Benissa, Benitachell, Calpe and Javea).
COMMENTS: Property values rose sharply until around 2004, when they started to fall,  probably caused by the building boom and competition from other areas of Spain.
There is now a significant surplus of resale property. Moraira itself is fairly well built up and there are very few plots available for new buildings.
In recent weeks there has been an upsurge of interest but sales are slow. New buyers seem very price conscious and it would appear that the vendors will have to make price adjustments before any number of sales are made.
INCLUDED IN SURVEY RESULTS (Estate Agent) 1 - Costa Blanca North. 2 - Costa del Sol.  3 - Costa Blanca South. 4 - Costa Valencia.

VillaClub | Self-Catering Holiday Rentals. Villas, chalets, condos, bungalows, hostals, hotels, rural properties, casitas, lodges - worldwide! Book holiday accommodation directly with the property owner, manager or agency.
COMMENTS: Enquiries for Spain fell slightly during 2007 with an increase in interest for Bulgaria and USA. Costa Blanca North (normally the top Spanish destination) has lost ground to other areas and fallen to 2nd place after the Balearic Islands (whose popularity remained about the same).
INCLUDED IN SURVEY RESULTS (Holiday Rental Site) 1 -Balearic Islands. 2. Costa Blanca North. 3 - Costa Blanca South. 4 - Costa Valencia.

Spain and Property | Property for sale in Valencia.  With our excellent reputation for selling Valencia Property, our high level of service and our extensive Valencia Property portfolio, we can ensure you of professional honest advice, we will work with you to find the Property in Valencia most suitable for you, be it your new home in the sun, a holiday retreat or an investment opportunity.
COMMENTS: Valencia is undergoing a similar transformation to the one Barcelona experienced thanks to the 1992 Olympics.
Two major events – the 32nd America’s Cup (which brought a spectacular yacht marina worth 500 million euros) and the upcoming Grand Prix (for which a new Formula One circuit bordering the harbour, Monaco-style, has been built) – are changing the face of the city and bringing billions of euros into the local economy.
Thanks to this, awareness of the city has increased tremendously and investors are beginning to see Valencia’s true potential as a rising star in Spain.
So far investors in the area are predominantly Spanish, but foreign professionals are beginning to get interested in Valencia as a markedly cheaper alternative to Barcelona.
For individual buyers, investing in a property in Valencia is attractive as well. Prices are still on the rise, which is no longer the case in Madrid and Barcelona.

The Villa Holiday Company | Villa with pool holidays in France, Italy, Spain, Portugal and the USA
Direct-sell, trust bonded villa rental agent with extensive experience of our selected resort's and personal knowledge of the villas we offer. With a wide range of quality, hand-picked villas plus a selection of apartments and intimate family complexes, you can count on our expert knowledge to help you choose the perfect villa for your holiday.
COMMENTS: Despite increasing our portfolio in Spain with the addition of villas around Pollensa we have seen a steady decline in interest over the last 2 to 3 years despite the fact that website hits for Spain are running at an all time high.
This shows that there's still plenty of interest but perhaps the customers use our sites for info and to compare prices before buying direct from owners.
It's very similar to our experiences in Florida around Orlando where the market was (and still is) flooded with UK owned villas at
highly discounted rates.
Best areas for 2007 have been France and Italy including the islands and Portugal remains strong.
INCLUDED IN SURVEY RESULTS. (Tour Operator)  1 - Balearic Islands. 2 - Costa Blanca North. 3 - Costa Calida/Almeria

Send your comments via the Survey Comments Form






Participate in the Survey

You comments would be greatly appreciated and, of course, you will get a valuable incoming link to your website. Once the survey is complete it will form part of a series of articles on the Spanish Real Estate and Tourism Crisis.

Do you have any comments or content to add to any of the articles?

To participate in the survey we require -

YOUR URL: For the incoming link.

COMPANY BIO: If your products extend to outside of Spain, please state the areas.

TITLE/ANCHOR TEXT: Include your company/website name and work in important keywords.

COMMENT: We need your qualified comments on at least 4 of the 10 areas mentioned. If your business is specialised and geographically restricted we cannot include you in the survey but we will still publish your comments (if suitable) and provide a link.

Send your comments via the Survey Comments Form

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