Top price summer rentals help to push up house prices

A specialist report points to summer resorts in the Marina Alta as among the most expensive summer rental rates at €5000 a month in Moraira and €4000 in Javea.

Prices, and therefore that profitability, have skyrocketed with the emergence in this market of giant platforms such as Airbnb, Wimdu or HomeAway and has caused an increase in the purchase of homes that are used for this purpose.

The study was carried out by one of the operators with a strong presence in the Comunitat, HomeAway, and includes the destinations where owners can earn the most money to rent out their home during the summer.

The estimated monthly profit for the summer period, which runs from June 1 to August 31 can reach €4320 in Javea. As a consequence of this situation, in Calpe for example, workers have to find lodging in nearby towns such as Benissa.

Written by BayRadio