In the last four years, the supply of this type of vacation home in the city has increased by 25%, with an expected turnover of 1.8 billion euros by the end of this year.
The popularity of tourist apartments has soared in the last four years in the city of Malaga. Since 2019, the supply of these accommodations for tourists has increased by 25%, according to data provided by the Association of Professionals of Tourist Housing and Apartments of Andalusia (AVVA).
Its president, Carlos Perez-Lanzac has stated according to the latest registration, in the community 92,206 tourist homes are currently counted. This figure rises by almost 2,000 if the apartments are taken into account. The dwellings account for 483,472 vacancies available for clients. Malaga is where most of them are located, with a figure of 51,000 apartments for tourists. The turnover of tourist homes forecast by the association that represents them could be 1.8 billion euros by the end of this year.
The city is becoming a focus of maximum interest, with many real estate investors looking for a city with potential and development and with legal guarantees, Pérez-Lanzac also went on to say at a press conference.
The sensations from the City Council of Malaga follow this line. The Department of Tourism has stated that tourist homes are one more accommodation for a certain number of tourists who decide to spend their vacations in this format due to their size or families. In fact, according to the AVVA, the main user profile of the tourist apartments are families.
Carlos Perez-Lanzac also explained that they are around 60% of customers of this type of tourist accommodation, which is growing at a higher level than hotels. In Andalusia, the number of hotels and other similar establishments has grown by 10% since the year pre-pandemic, which is 15% less than the apartments.
In addition to these growth figures, there is also an increased record of overnight stays. The average stay in Malaga is higher than in the rest of the autonomous community, and as a result, the economic impact is greater. In the case of Malaga, the average stay is about 4.8 or 5 nights and in Andalusia, the figure is approximately 3.7 or 3.8
That is why Pérez-Lanzac considers these tourists are extremely valuable for the province, and that this type of holiday accommodation urges its need to be regulated, in this case by the Junta de Andalucía, which has the competence. Last April, the Minister of Tourism, Juan Marin, began processing a new decree to establish the limitations and rights of tourist apartments. As of today and according to Yolanda Aguilar, Secretary General of Tourism, the regulations are in the draft stage and are currently in the works.
The first draft of the regulations published in spring sparked controversy in the sector that considers that the restrictions were very discriminatory because it was not in line with the realities and needs as stated by the president of AVVA.
The Ministry of Tourism argues that soon it’ll have to be regulated and that the goal is to achieve the professionalization of the sector, referring to the existence of tourist apartments that act without a license or authorisation. Likewise, Yolanda Aguilar has called on the rest of the public administrations and associations to collaborate on such a regulation.
Malaga’s quality of life depends on many factors, but no one seems to argue that one of the pillars on which is built in Malaga is the climate, as you enjoy more than 300 days of sunshine a year and an average temperature of around 19 degrees, with highs of 30. The summer is hot but bearable, and winters are mild thanks to the fact that the city of Malaga enjoys a microclimate by the mountains to the north.
And the fact is that Malaga offers both sea and mountains. Little can be added about its beaches that have not already been said: you have fine white sand beaches in the west and rocky beaches in the east of the province. Among them stands out the beach of La Malagueta, in the capital of the Costa del Sol. But you can’t forget its mountains either, the Sierra de las Nieves, Natural Reserve of the Biosphere, or the Sierra de Guadalhorce, where you can do the famous Caminito del Rey -if you dare-, just a few minutes away by car.
Living in Malaga is also means getting tranquillity without giving up the advantages of a big city. The capital offers wide streets, large parks, and viewpoints like the Gibralfaro or its promenade to enjoy the gentle breeze and the smell of the sea under the Mediterranean sun. But it also has all the advantages of a big city, among which we can cite its more than twenty museums, shopping malls, concert halls, cinemas, theatres, urban art, etc.