The number of hotels for sale grows by 13.6% and already exceeds 1,000 advertisements

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First the coronavirus pandemic, then the outbreak of the war in Ukraine that triggered economic instability that has resulted in a skyrocketing inflation rate in Europe. Before which, the European Central Bank (ECB) acted with a rise in the interest rates of money and without a doubt it is fully affecting the tourism sector and, in particular, the hotel sector in Spain. Faced with this economic situation that the West is going through, the number of establishments with a hotel license for sale through Idealista has grown by 13.6% at the end of October compared to the same month in 2021, reaching 1,079 ads, according to data from the real estate portal.

Regarding the increase in the offer of these establishments in the market compared to the previous year, in inland provinces such as Cuenca and Navarra the stock has doubled, together with Murcia, while in Jaén it has even multiplied by three. However, none of these provinces exceeds 20 units for sale.

The data highlights that in important tourist markets such as Barcelona (-22.1%), Valencia (-17.5%), the Balearic Islands (-10.8%) or Castellón (-10.5%), the number of hotels for sale has decreased compared to October 2021. In addition, in Malaga the offer has increased by 28.2%, while in Madrid it rises by 27%, to 47 ads. Cádiz has also shot up 69.2% and Teruel has seen the offer grow by 55.6%, with 14 hotels for sale.

Balearic Islands and Malaga in the lead

Until the end of October, there were hotel establishments for sale in all the Spanish provinces, except in the autonomous cities of Ceuta and Melilla. The regions that concentrate The largest stock of hotels in Idealista are all coastal, headed by the Balearic Islands and Malaga, with more than 90 hotels in the market each.

they follow Alicante (72), Girona (69) and Barcelona (60), along with Las Palmas (49) and Granada (48). On the other hand, provinces such as Álava, Albacete, Guipúzcoa, La Rioja, Lleida, Ourense, Navarra, Soria or Vizcaya have less than half a dozen properties for sale.

Source: lainformacion.com

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