Don't be brought down by the general doom and gloom in the press, despite the slowdown in property sales and the drop in house prices, the rental market in Spain is actually booming.
There are still thousands of people moving to Spain each year and as house prices continue to fall, more people are opting to rent long term rather than buy leading to an increased demand for long term rentals.
As holiday makers tighten their belts, more are choosing the cheaper option of self catering accommodation. This means that although hotels have seen a sharp drop in occupancy, holiday rental accommodation is in more demand.
Property rental experts HolidayRentalontheWeb.com have seen a huge increase in rentals over the last few years and believe this is set to continue. The number of holiday weeks booked in 2008 was 302% higher than those booked in 2007, and in January and February 2009 this is already 242% up on the same period last year. They are estimating that their bookings in 2009 will be double that of 2008 and are very positive about the future for holiday rental accommodation.
HolidayRentalontheWeb.com’s founder, Tony Sidebottom, commented; “We would urge any owner of a Spanish property not to despair about the state of the property market. Property is a long term investment and it will recover its value after this slump is over. Don’t rush into selling your property, look into renting it out instead. Renting short or long term will offer you valuable income in these difficult times and safeguard your investment.”
HolidayRentalontheWeb, have produced a free guide to making the most of your rental property called ‘Secrets of Successful Rentals’. Visit http://www.homecareontheweb.com/ and click on ‘Free Insider Guides’ to download it.
There are still thousands of people moving to Spain each year and as house prices continue to fall, more people are opting to rent long term rather than buy leading to an increased demand for long term rentals.
As holiday makers tighten their belts, more are choosing the cheaper option of self catering accommodation. This means that although hotels have seen a sharp drop in occupancy, holiday rental accommodation is in more demand.
Property rental experts HolidayRentalontheWeb.com have seen a huge increase in rentals over the last few years and believe this is set to continue. The number of holiday weeks booked in 2008 was 302% higher than those booked in 2007, and in January and February 2009 this is already 242% up on the same period last year. They are estimating that their bookings in 2009 will be double that of 2008 and are very positive about the future for holiday rental accommodation.
HolidayRentalontheWeb.com’s founder, Tony Sidebottom, commented; “We would urge any owner of a Spanish property not to despair about the state of the property market. Property is a long term investment and it will recover its value after this slump is over. Don’t rush into selling your property, look into renting it out instead. Renting short or long term will offer you valuable income in these difficult times and safeguard your investment.”
HolidayRentalontheWeb, have produced a free guide to making the most of your rental property called ‘Secrets of Successful Rentals’. Visit http://www.homecareontheweb.com/ and click on ‘Free Insider Guides’ to download it.
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