Today I learned that Girona in northeast Spain is a mecca for cycling. Bike enthusiasts like it because the climate is mild; the roads are well maintained; the lifestyle is relaxed; and there’s easy access to the European Grand Tours in Spain, France, and Italy. Apparently Lance Armstrong bought an apartment there in 2001. Though there were other pro cyclists who had come before him.

Interestingly enough, all of this is allegedly having an impact on the real estate market. According to the WSJ, there has been a surge in the tourist licenses required to operate a short-term rental in the city. Ten years ago, the city had only issued 10 of them. But today, more than 700 have been issued. And as of the end of 2019, residential sale prices had increased about 15% year-over-year.

I’m not sure how much of this is a result of cycling tourism, Airbnb, Spain’s overall housing market recovery, or other factors. But it certainly sounds like a nice place to go for a bike ride.