Long-term rental market booming on the Costa del Sol

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Long-term rental market booming on the Costa del Sol

We’re seeing the demand for long-term rental properties grow year on year. During 2019 the HomeCareontheWeb Group managed 83 long-term tenancies, up by 37.5% compared to 2018. We saw an even bigger spike in enquiries for long-term rental properties and interest growing outside of the traditional areas.

According to Sergio (Long Term Rentals Specialist at HomeRentalontheWeb), “while properties in traditionally popular areas of Costa del Sol, such as La Cala de Mijas, Elviria, Nueva Andalucía, Marbella and Estepona are always quick to rent, we also saw an increased dynamism in the market with demand shifting to new and emerging areas.”

In 2020 we expect this trend to continue to rise and are therefore looking for property owners who want to rent their properties long-term.

We are looking for two or three bedroom apartments between Benalmadena and Estepona. The areas with the most demand include Mijas Costa, Elviria, Las Chapas, Fuengirola/Los Pacos. So if you have a property which fits this criteria and would like to find out more about renting long-term and how much you could expect to earn please contact us.

Why rent out your property long-term?

Choosing long-term rental to generate income from your property gives you consistent, year-round income, without having to keep changing tenants, or pay bills.

As there’s so much demand and so little supply, long-term rental properties tend to rent quickly and as long as tenants are happy, they tend to stay. This is why we’re on hand to look after them, fix any maintenance issues, be their point of contact for complaints and also collect their rent and keep an eye on the place. This professional support gives both owners and tenants a feeling of peace of mind and someone on the ground to handle things if anything goes wrong.

We have a number of long-term rentals management service packages, from basic options which covers key holding and setting up your property on our rentals website, to the all-inclusive rentals management package. Our all-inclusive option includes rent collection, inventory and property report before the tenancy, cleaning before and after occupation and dealing with your tenants needs while they rent with you. It also includes a legal package to check references, prepare contracts and transfer utility bills into your tenants’ names. This is a total service for both you and your tenants which gives you total peace of mind and is particularly beneficial for property owners who live overseas.

To find out more head over to our why rent your property long-term page on our website and read our frequently asked questions. We’re also here to help of course, so feel free to drop us an email or give us a call and we can let you know whether we feel that long-term rental is a good option for you.

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