Key facts
- A study by the New Economics Foundation links air tourism to rising housing costs in Spain.
- The study estimates a 12.8% increase in air tourists in Spain between 2019 and 2025.
- This increase in air tourists is linked to a €236 rise in average rents.
- The study also estimates a €3,800 increase in house prices.
- The impact of air tourism on housing costs varies by region in Spain.
A study conducted by the New Economics Foundation estimates that an increase in air tourists in Spain between 2019 and 2025 has had a significant impact on housing costs. The foundation's research suggests that a projected 12.8% rise in air tourists during this period contributed to an average rent increase of €236. Furthermore, the study indicates that house prices saw an estimated rise of €3,800 over the same timeframe.
The New Economics Foundation's findings also point out that the effect of increased air tourism on rental prices and property values is not consistent throughout Spain. The impact varies depending on the specific region, implying that some areas experience a more pronounced effect on housing affordability than others.