Will demand for Spanish holiday rentals boost the property market?

There has been an increase in demand for Spanish holiday accommodation, which might provide a boost for the country's property market.

HomeAway has revealed booking enquires for somewhere to stay while on a getaway to the south-Mediterranean nation in 2011 increased by 27 per cent in comparison with the previous year.

This could see more people seeking investment property in Spain in order to capitalise on this growing demand from holidaymakers.

The findings also showed that the rising popularity of renting accommodation in the country resulted in Spain being the tenth best performing market in terms of growth in the last quarter of 2011, with a greater amount of rental properties becoming available during this period.

Liz Rowlinson, editor of A Place in the Sun magazine, recently commented that Spain is a strong place for property buyers to invest in, as a result of falling real estate prices, as well as being a popular holiday destination due to its warm climate, useful amenities and pleasant beaches.

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