Due to the pandemic, 20% of the tourist rentals in Spain switched to the traditional market. However, since January 2021, 2% of the residential rentals have changed back to short-term lets.
The supply of flats on the rental market has risen by 53%, while available houses have fallen by 12%, according to a report by Brainsre.
According to the website, prices have fallen by 1.2% in the last quarter and 0.5% in the last 30 days.
The forecast predicts close to one billion euros in assets under management and 400 million euros in investments over five years.