A lack of rental supply is driving more tenants to sublet rooms without the landlord's consent, as reported by the Agency for Rental Negotiation (ANA). However, the real problem arises when those who do so seek to make a business out of subletting, which, moreover, they do not declare. The ANA is committed to improving the search for solvent tenants and penalising these practices in the contracts.

Spain received more than 16.1 million international tourists in the first quarter of the year, which is 17.7% more than the same period in 2023, according to National Institute of Statistics (INE) data. Tourists spent €21.948 billion between January and March, 27.2% more, ending the first quarter of the year as a "historic" period for tourism, according to the government. Specifically, each tourist spent an average of €1,363 in March during a stay of an average of 7.6 days. The Canary Islands accounted for 26.7% of the total until March, where the British, Germans and French stood out.

The Bank of Spain has analysed the weight that tourist accommodation has in the rental stock of the 25 urban areas with the highest density of holiday homes and Marbella and Elche at the top of the ranking. In Malaga, tourist apartments represent almost 65% of the rental market in the city centre, while the Alicante town's weight is close to 70% in the peripheral area. On the other hand, in Spain as a whole they represent 10%, more than double that of Madrid or Barcelona.

In the fourth quarter of 2023, foreigners bought 30,796 homes in Spain, 7% less year-on-year, representing 18.4% of total transactions. According to data from the Ministry of Housing, the majority of transactions were carried out by residents (17,231 units, 5.8% less year-on-year), while non-residents recorded a larger decrease (13,565 transactions, with a decline of 8.6%). %).

The consensus of companies in the real estate sector for 2024 highlights that housing prices will continue to rise in Spain, although at a slower pace than in previous years, while they expect sales to remain in line with 2023, with a slight drop in operations. We review the forecasts of entities such as CaixaBank, BBVA, S&P Global and other companies.

In a climate of ever-changing interest rates, and after a period of savings and reduced investment such as the pandemic and following years, collective real estate investment, either through real estate crowdfunding or by tokenising real estate, is booming. Luis Miguel Larriba, partner in Garrido's tax department, explains the main aspects of this real estate investment opportunity.

Spain is crowned the most attractive European country to invest in hotels in the latest sector report published by the consulting firm CBRE, which analyses investors' appetite and their preferred investment destinations for 2024.

Marbella has incredible homes worth viewing. One is located on the Golden Mile, on the beachfront, and is for sale on idealista for €22m. The 454 m2 penthouse, located in a private complex with 24-hour reception, has six bedrooms and eight bathrooms. Its impressive terrace has a private pool, a barbecue and incredible views. Common areas include a gym, a solarium and large green spaces.

Sotogrande, the iconic luxury and sporting retreat pioneered by Joseph McMicking six decades ago, is reinventing itself with a new project from the real estate developer (Sotogrande) controlled by the British fund Orion. Aqua, a dream villa designed by Ark, can be found in the exclusive La Reserva district, marking a milestone in the community's revival as an elite destination.

Located in the heart of northern Spain, the Picos de Europa National Park is the ideal opportunity to disconnect from everyday life. Lovers of nature and outdoor activities will find in this gem the perfect option to spend a few days with their family, as a couple, or even alone.