Side-by-side comparison

Euskadi vs Valencia: which is better for Airbnb investment?

We compare the Spain short-term rental markets across occupancy, daily rate, RevPAR, year-over-year trend, and regulation.

Bottom line

Euskadi edges ahead of Valencia on higher occupancy (36% vs 30%).

Head-to-head metrics

 EuskadiValencia
Median occupancy36%30%
Median daily rate£108£87
Median RevPAR£20£20
Active listings5,0606,234
YoY occupancy
YoY daily rate
Regulation risk
Annual night capNoneNone
License requiredNoNo

Full analysis: Euskadi vs Valencia

On the money side of this comparison — what a listing actually earns against the nights it has available — Euskadi finishes clearly ahead of Valencia. Nightly rates favour Euskadi: £108 against £87 in Valencia, a 24.5% premium. Euskadi's listings run at 36% occupancy against 30% in Valencia, worth 6 extra points of booked calendar every year. Those gaps are wide enough to survive a normal year's variance.

Euskadi takes both halves of the yield equation, which is less common than it sounds. It charges more per night — £108 against £87 — and still fills more of the year, 36% against 30%. A market that leads on price and utilisation at once is normally one where demand has outrun supply, rather than one where hosts are discounting to keep the calendar busy. RevPAR reflects the double advantage at £20 against £20.

That verdict needs a caveat, because Valencia is not simply the weaker market of the two. Valencia sits at the cheaper end at £87 a night against £108, which lowers the bar for filling shoulder-season dates and usually tracks a lower purchase price too. Its strongest submarket, EL PILAR, clears £45 RevPAR on its own — city medians hide that kind of spread. If your model leans on nightly rate rather than volume, the ordering above can reasonably flip.

Neither Euskadi nor Valencia currently has a verified short-term rental regulation record in our register, so the comparison above is a yield comparison only. Regulation is the single largest source of downside in this asset class — an unverified market is an unpriced risk, not an absent one.

The two calendars also behave differently. Euskadi peaks in August at 61.4% and bottoms in December at 33.9%; Valencia runs from 64.4% in September down to 36.7% in November. Both swing by a similar amount across the year, so neither offers meaningfully steadier cash flow than the other.

Who each suits, then. Euskadi suits buyers who want a conventional, lightly regulated entry. Valencia answers to the same regulatory profile, so the split between them is operational rather than legal. Every figure above comes from the same Inside Airbnb snapshot pipeline on both sides, dated 2025-09, filtered to listings with at least one booking in the last twelve months. Occupancy medians are drawn from 3,306 active Euskadi listings and 3,224 in Valencia.

Frequently asked questions

Is Euskadi or Valencia better for Airbnb investment?
Euskadi, on the data we track. It leads on a higher nightly rate (£108 vs £87), higher occupancy (36% vs 30%), and a standout submarket in Beasain. Valencia is not the weak side of this pair, though — it wins on a lower price point (£87 a night vs £108).
Which has higher occupancy, Euskadi or Valencia?
Euskadi, at 36% median occupancy against 30% in Valencia — a gap of 6 points. That is a real but modest edge; a well-run listing in Valencia can close most of it.
Which has higher nightly rates, Euskadi or Valencia?
Euskadi, at £108 a night against £87 in Valencia — roughly 24.5% more. The nightly rate is not the whole story, though. On revenue per available night — rate multiplied by how often the room actually sells — Valencia comes out ahead at £20 against £20, so Valencia's cheaper nights are more than repaid by how often they fill.
Which is the bigger Airbnb market, Euskadi or Valencia?
Valencia, with 6,234 active listings against 5,060 in Euskadi. Size cuts both ways: a deep market gives you comparables, contractors and an exit, while a thinner one means fewer near-identical rivals competing for the same search results.
How much can you earn from an Airbnb in Euskadi vs Valencia?
Valencia earns more: roughly £7,451 a year for a median listing against £7,242 in Euskadi. Those are gross booking revenues before cleaning, management, platform fees, furnishing amortisation and tax — budget for a meaningful share of them, and note that a median listing is a median operator, not a good one.
What is the best time of year to rent out an Airbnb in Euskadi or Valencia?
Euskadi peaks in August at 61.4% occupancy and troughs in December at 33.9%; Valencia peaks in September at 64.4% and troughs in November at 36.7%. Because the peaks fall in different months, the two markets are partly complementary — a portfolio holding one of each has a flatter combined calendar than either alone.

Go deeper on each city

Market guide
Airbnb in Euskadi
Occupancy, ADR, neighborhoods, regulation
Market guide
Airbnb in Valencia
Occupancy, ADR, neighborhoods, regulation
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Euskadi vs Valencia: which is better for Airbnb investment? (2026)