The number of hotels for sale in Spain surged by 19 per cent in October compared to March, with most of those on offer in holiday hotspots, Reuters quoted leading property portal Idealista as saying on Friday.

Spain’s economy is heavily hospitality dependent and lockdowns to contain the coronavirus have hit hard.

In the Balearic Islands, the number of hotels on sale jumped 84% over the period, while for Andalusia the increase was 45pc. Overall, 557 hotels were on sale in the country as of October, 101 of them in Catalonia, Idealista said.