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Spanish tourism increases on the Costa del Sol

It was reported in the Euroweekly News that more Spanish tourists travelled to the Costa del Sol this summer. Marbella and Estepona in particular saw a big upsurge in Spanish tourist numbers, with Estepona experiencing an increase of nearly 70% in tourists from within Spain comparing this July to July 2018.

According to the newspaper, this increase was also seen in other tourist areas on the Costa del Sol. “Marbella saw an increase of 20.9 per cent to 30,089 Spanish tourists, while Torremolinos experienced year-on year growth of 18.4 per cent. Antequera saw a 15 per cent rise, Malaga capital 13.1 per cent and Benalmadena 7.7 per cent.”

Marbella had its best July for 13 years, with a small increase in average room prices as well. Estepona experienced its busiest July on record in the town’s hotels, according to the Sur in English.

These figures are for the hotels in the area, as property management experts who help hundreds of property owners generate rental income, we have also seen an increase in Spanish tourists booking holiday rental properties. This is a great source of potential rental income for our clients, in addition to our large numbers of Northern European and British clientele. We haven’t seen the predicted Brexit effect this year, with the same amount of bookings from the UK as in previous years, so this is a very positive upward trend.

The increase in Spanish tourism reflects the improving economic conditions in the country which have been seen over the last five years or so, as Spain recovers from the financial crisis. It was reported in El Pais that unemployment fell in Spain in the second quarter, which would boost tourism and spending in general. Here on the Costa del Sol, there has been significant investment made in the hospitality sector, which is generating employment and more interest in the area from businesses and tourists alike.

This is all good news for owners of properties on the Costa del Sol who are looking to generate rental income. The holiday rental market already generates $1,437 million and is expected to grow by 4.2%, resulting in a market volume of US$1,694m by 2023 according to statista.com. We have seen steady growth in the holiday rental and long-term rental demand, as well as an extension of the typical high season and more off-peak bookings.

HomeCareontheWeb is looking for more properties to meet the demand and as property management and rental experts we can take the stress out of rentals. Please contact us to discuss renting out your property. You can also download our free guide with our secrets of successful holiday rentals to find out more about how it works and decide if it’s right for you.

La Cala and the Costa del Sol is building again

You can’t miss the reappearance of cranes on the horizon and the new developments which are springing up along the Costa del Sol. As we are based in La Cala in Mijas Costa we’ve been noticing it here more than ever and are delighted to see how many jobs are being created and the renewed interest in property in the area. There hasn’t been this much activity since the golden age of real estate at the beginning of the millennium and its being driven by demand from foreign buyers, as well as the reactivation of Spanish buyers.

A third of all the new development projects completed in Andalucia between March 2018 and 2019 were in the Malaga province according to the Sur in English. They add that two reports from a real estate firm and a valuation firm confirm the good health of the real estate industry in the Malaga province, both in terms of new properties being built and the increasing property prices. The Tinsa report showed that property prices here in Mijas have increased by 15.3%, but the company’s commercial director stressed that there’s a long way to go to reach the top prices seen in 2007. He also noted that lending controls and more gradual price increases protects the Costa del Sol from the real estate bubble that burst due to the financial crisis. Read more

The confidence in the Costa del Sol being shown by property buyers is being echoed by businesses who are investing in the area and creating more for the tourism sector and jobs for residents. Greek hotel chain Ikos are investing 150 million euros in a hotel in Estepona which is due to open in May 2020.  The Four Seasons group are opening a luxury hotel and private residences on the beachfront of Marbella, making an investment of 650 million to make this project a reality and there are many more businesses investing in the Costa del Sol.

We are very happy to see building projects spring up all around us in La Cala, as we’re seeing a large growth in demand for long term rentals throughout the year and holiday rentals in the peak season from April to September. La Cala is desirable because of its great beach area, community feel, nice restaurants, bars, amenities and the large weekly market. Tenants and holiday makers like the proximity to Fuengirola and Mijas Pueblo, the short trip from the airport and the great golf courses and leisure facilities nearby.

Our holiday rental clients love apartments in the La Cala Golf Resort, Dream Gardens and La Cala Azul. They like to be close to the beach, or within walking distance of the centre of La Cala, as well as developments with nice communal pools and gardens. Contemporary styling and open plan living is also popular, as well as great terrace space and opportunities for outdoor eating and socialising. Inland golf properties are also popular, as guests like the quiet, the views and the chance to be within walking distance of a golf course.

We are actively seeking more holiday rental properties in La Cala de Mijas to meet demand, so if you own a property, or are buying one of the new off-plan developments and thinking about renting it out please talk to us. The sooner we can list your property and get it promoted on our website, social media and out to our partners, the sooner we can get it rented out. Pop into our office in La Cala and let’s discuss how we can help you earn rental income.

Preparing your home for rentals

Here at HomeCareontheWeb we are property management and rental experts, with more than 15 years’ experience caring for our clients’ homes as if they were our own. Some clients simply like us to keep an eye on the property and deal with any issues that may arise while they’re away. However, the majority of our owners also want our help with generating income by renting out their property.

So, we wanted to share a few steps you need to take to prepare yourself and your home before you can start to rent it out and generate rental income.

  1. Decide whether to go short or long term

The first step in preparing your home for rentals is to decide what kind of rentals you want to do – short term holiday rentals, or long-term rentals. The long-term rental market is really booming and there is a definite shortage of supply, which is pushing prices up. However, this is most suitable for owners who don’t want to use their properties and are simply using it as an investment. Some contracts have breaks for the summer months to allow owners to holiday there themselves, but tenants usually want a 12 month contract. To find out more about long-term rentals download our free guide Home Owners Tips for Long-Term Rentals

If you want to use your property, but aren’t here often and can be flexible as to when you holiday, then short term rental is a good idea. Although there is a lot of competition in this field, properties rent well over the peak summer months, but tend to be empty outside the season, so you can use the property yourself. There is now regulation in this industry and you need to register your property, inform the police station when guests arrive and pay tax on your rental income, but this is still a good way to maximise the investment in your property.

Download our Secrets of Successful Rentals Guide to learn more about renting out your property.

Once you’ve decided how you want to rent your property then you need to prepare your property for when guests arrive.

  1. Make sure guests are informed

Create an information pack which helps guests to enjoy their stay to the full. This includes contact information for you or your property management company, instructions on how to operate things like the air conditioning, washing machine and dishwasher and any rules and regulations you would like guests to abide by. This information pack should also contain information about the local area, so your tenants feel right at home and know everything they need to so that living in your property offers the best possible experience.

  1. Protect your valuables

Guests will look after your property to the best of their ability, but it’s best not to leave important things at risk. Pack away any items of value (sentimental or financial) and any delicate items you wouldn’t want broken and store them in a safe place. Many landlords buy new but easily replaced packs of cups, plates and glasses from Ikea so there’s no sentimental value and if things get broken it really doesn’t matter.

It’s also a good idea to remove any highly personal items such as photographs and keepsakes and make your property neutral, as this will help guests feel right at home.

  1. Clean, clear out and tidy

Clear your cupboards and fridge and make sure you have all the essential items for a short term or long term tenant. Then deep clean everywhere and perform any small maintenance tasks you may have been putting off to make sure everything is perfect for your guests’ arrival.

Organize cleaners who can handle the change over after guests leave and gardeners, if necessary, to keep your garden in good condition for guests and make sure the property is secure. Appoint someone to keep hold of your keys so that cleaners, gardeners and maintenance people can get access. Then you are ready to welcome your first guests and start generating income.

If this all sounds like too much work, call in the experts!

HomeCareontheWeb can take care of all of this for you. Our experience and multi-skilled team makes this easy, and we have processes in place to remove the stress from you. We are able to find you rental clients, taking bookings, handle payments and deposits and organize all the people needed to keep your property in great condition for you and your tenants.

Please browse our website to find out more about our property management packages and our rental management services, or contact our helpful team to find out more.

Make getting more rentals your New Year’s Resolution

Make getting more rentals your New Year’s Resolution

Happy New Year! We hope you had a wonderful Christmas and that you are looking forward to an excellent year ahead.

What was your New Year’s Resolution? If you own a property on the Costa del Sol, then getting more rentals in 2019 should be right there alongside going to the gym, getting a new job, or spending more time with the family.

If you are only getting a few rentals each year, that’s thousands of Euros of lost revenue which is just passing you by! There are lots of ways to generate more income from your property, whether it’s improved marketing, maintenance to make the property more attractive to your target groups, or simply better images. Download our secrets of successful rentals guide for ideas and inspiration on how you can improve your performance.

Our job as property managers is of course to take care of our clients’ properties, but increasingly the demand is more to generate rental bookings and handle them for our clients too. To make this easy for owners and rental clients, we have developed a holiday rental website where holidaymakers can browse, book and pay online. You can monitor bookings through your owners’ area and we will handle everything that the guests need to have a great holiday, without bothering you.

We have developed partnerships with travel agents and tour operators in the UK and Ireland, as well as with Europe’s largest provider of privately owned holiday homes to drive bookings to our clients’ properties. Our large team of customer service, maintenance and management experts looks after the clients so they come back for more, generating valuable repeat bookings, and you don’t have to lift a finger!

So if your New Year’s Resolution was to get more rentals this year, you know what to do! Talk to the property management experts at HomeCareontheWeb, sign up for a property and rentals management package and start earning more rental income from your property.

Promoting the Costa del Sol to boost tourism

Promoting the Costa del Sol to boost tourism

If you own a Costa del Sol property and you rely on holiday rentals to generate income, you will be pleased to hear that the local authorities are working hard to promote the Costa del Sol and expand the tourism sector. It would be easy to rest on its laurels, as one of Europe’s most popular tourist destinations, but they know that the competition from other holiday areas is fierce and they need to keep exploring different markets to remain current and keep popularity high.

Following a summer packed with attractive events to draw in tourists to the area, there were a number of high profile events in September too, which aimed to extend the traditional tourist season and appeal to a different type of traveller.

Malaga Fashion Week created the longest haute couture catwalk in Europe, by converting the important shopping street Calle Larios into a fashion mecca. The two-day event attracted designers from around the world and around 15,000 fashionistas watched the shows each day.

Gibraltar also attracted the crowds on the weekend of the 21st and 22nd of September with the MTV Gibraltar Music Festival. This amazing event brought nearly 30 music groups to Gibraltar, with internationally renowned artists such as Stormzy, Two Door Cinema Club, Rita Ora, Chase & Status, Sister Sledge, Suzi Quatro and The Boomtown Rats. This attracted lots of tourists to stay on the Western Costa del Sol, to enjoy a sunshine holiday and then take advantage of the buses to go to and fro the festival each day.

To increase tourism from the United States, Marbella Town Hall has been contacting luxury travel organizations and in September signed an agreement with Virtuoso, the largest network of luxury travel agencies in the States. This should boost the number of luxury travellers coming over with big budgets to spend. Find out more

The Andalusian Council, the Junta de Andalucia, is also looking for ways to reach new audiences and to extend the season. They have budgeted nearly €10 million to promoting and developing tourism inland, with a focus on cultural and off-peak tourism. This will be a real boost to inland areas such as our stunning white villages, which have underdeveloped tourism sectors. Find out more

The tourist boards for each area and the local Town Halls will also start the rounds of tourism fairs that promote the destination amongst tourism professionals and encourages them to send their clients to the Costa del Sol. One of the new initiatives they are preparing to present at the most important Spanish Tourism Fair in January, is a platform to help tourists visit the places where popular films and TV series have been filmed.

All of these activities will boost tourism throughout the year and help property owners benefit from the lucrative holiday rental market and earn rental income. This is where our professional property management and rentals team come in. We can take the stress out of renting out your property, market it to maximise your bookings and manage every step of the process, so you don’t have to. Get in touch with us today, if you want to rent out your property for the next season, or need some support to increase your current bookings and make it easier for you

Looking back on a fantastic summer

Looking back on a fantastic summer

It’s September, the weather is cooling down, the crowds are heading home and we’re reflecting on a great summer. 2017 was the best year yet for our property management and rental clients with more bookings than ever.

Here’s our summer in numbers –

  • We managed 3379 bookings
  • Checked in over 14,000 guests
  • Carried out more than 4,000 cleans

And we still have much more to come!

The Costa del Sol is a great year round destination and we’re seeing the an extension to the traditional high season, with more people choosing to visit in September and October when the weather is great but prices for flights and accommodation come down. There is also more interest in Christmas bookings, as people look to experience a different Christmas away from home, where a walk on the beach after your Christmas lunch is a reality.

We have over 1,000 more bookings for the rest of the year so far, and we expect to see more bookings coming in for some autumn and winter sunshine.

Are you renting out your property? Did you get as many bookings as you hoped? If you weren’t happy with the numbers of bookings, or found it hard to manage arrivals, departures and deal with problems during your guests’ stay, please contact us and find out how we can help you.

HomeCareontheWeb are property managers with over a decade of experience on the Costa del Sol and we know all the secrets of successful rentals. We have a large team on the ground looking after properties, as well as marketing experts promoting the properties to boost rentals. We can deal with any problem and maximise every opportunity, so trust in us to take care of your property while generating you income. Find out more about our property management and maintenance services on our website, or contact us for a quote.

Rental returns for Costa del Sol properties

Rental returns for Costa del Sol properties

Spain is a very popular destination for expats to buy investment properties, second homes, or as a place to retire, with 35% of buyers considering buying in Spain according to an article in The Telegraph. In the same report, it states that these properties can be an excellent source of income due its popularity as a holiday destination and growing interest in holiday rental properties.

The Costa del Sol, has a thriving rental market, with high rental yields for both long term and short term lets. As we reported in our last blog, long-term rentals can be an excellent choice for landlords, as a stable, secure and stress free way to generate income from your property.

A new study has shown that long-term rentals in coastal areas, particularly on the first or second line of the beach offer 5.67% rental yields – up from 5.37% in 2016 and well above the 4.3% national average. The main reason for this increase in prices is lack of supply, as property owners in these prime beachfront properties choose short-term holiday lets over long-term rentals, yet demand continues to increase. Read the full article

Property owners can get seduced by the higher per week revenue from a holiday rental, without looking at the annual yields. Typically, a property would rent short term in peak summer and Easter for the same for one week, as one month for a long term, but properties are often empty when renting out short term.

Occupancy depends on the quality of the property, the area and the marketing, but regular rentals are normally only seen in Easter and from June to the end of August, so even at full capacity over those months you would only be looking at 13 weeks of rentals. Of course, it is rare to be fully booked every week, so usually you would count on perhaps 10 weeks per year.

With long-term rentals, demand is high and people stay in a property for many years if they are happy and well looked after, marketing is easier and so the annual return is often higher and the costs of management are lower. Owners who are renting long-term also do not have to worry about the new holiday rental legislation, so it’s an easier process all round.

Long-term rentals is not for everyone, as if you want to use the property in the low season, then holiday rentals is a better option. However, if you have your property as an investment it is a very appealing option to consider.

Please contact us and we can evaluate your property and estimate the rental yields from short and long-term rentals and help you decide the best course of action for you. We have also created two free guides – Secrets of Successful Rentals and Home Owners Tips for Long Term Rentals which you can download and will help you to make up your mind.

As Costa del Sol Property Management experts, we also manage the property, market it and handle all the tenants and any issues they may have, so you can just relax, knowing it is in safe hands.

2017 promises to be a good year for Spain

Property Management 2017

Happy New Year to all our property management clients and anyone who owns a property on the Costa del Sol! We hope you all had an excellent Christmas and New Year and are feeling positive about 2017. All the signs are that 2017 is going to be a great year for Spain, the economy, tourism and the property market. This means that your property will be increasing in value and there are excellent opportunities to make money from short term holiday rentals for tourists and long term rentals to the thousands of people arriving here for a better life each year.

Last November, Spain’s economy minister upped growth predictions for 2017, saying that they predict the economy will grow 2.3% and that 500,000 new jobs will be created. After a long period of uncertainty, a government was voted in with the experienced Rajoy at the helm and things can now settle down politically, which should boost growth.

2016 was a great year for the Spanish property market, with consistent increases in home sales, a 2.6% increase in house prices overall and even stronger increases on the coast and in the luxury sector. 2017 is expected to see a 5% increase in house prices and stable growth predicted until the end of the decade, so owning a property on the Costa del Sol is highly desirable once more.

To maximise returns, while property prices continue to rise, renting out your Costa del Sol property is a great option. 2015 and 2016 were record years for tourism, with the great year continuing into October with an 11% increase in tourism from abroad during that month. There was also an increase in spending and Brexit did not seem to have much of an impact, with 6% more visitors from the UK in October than the same month is 2015. The Costa del Sol has seen a big increase too, with traffic to Malaga airport increasing by 15.1% in the first ten months of 2016 and welcoming their 15 millionth passenger of the year in November – the first time this amount has ever been reached in a single year.

Expectations are that with the popularity of Spain as a tourist destination, the good infrastructure and the continued insecurity in other parts of the world, that 2017 will be another bumper year for Spanish tourism. If last year is anything to go by, hotel occupancy will be very high once more and the demand for holiday rental properties will continue to rise, both due to shortage of hotel rooms and demand for greater flexibility from accommodation.

This means there’s never been a better time to rent out your property, and we can help you to do it. Our Costa del Sol property management specialists can take care of your property and get it ready for rentals, and our marketing team can find short or long term clients for you. We will communicate regularly and set up an online account, so you can know what’s happening with your property when and where it suits you. We will handle deposits, payments, keys, maintenance and handle any problems for you and you will see the funds coming into your bank account each time we rent the property for you.

If that sounds good to you, we are particularly looking for villas with pools and centrally located properties in desirable areas such as Marbella, San Pedro and Fuengirola. Please contact us if you have a property that would fit the bill and let’s make 2017 a profitable year for you.

Make Your Property Appeal to – Groups

Costa del Sol Villa for Group

Large Costa del Sol villas, or properties with outbuildings and separate staff quarters are very popular with groups, as they can have their own personal space, amazing communal areas and can split the cost of a luxury villa to make it more affordable. However, many landlords are wary about groups, so it’s a case of deciding what groups you want, how you will cater for them and how you will safeguard your property.

There are a few different types of groups that we commonly have enquire, large families, weddings and younger groups celebrating birthdays, parties or hen and stag parties.

Families want playrooms and toys for the kids, safe pools, gardens, good kitchens with kiddie friendly cups, plates and cutlery and air-conditioned rooms where they know the kids will be safe and comfortable. They tend to spend more time at the villa, so leisure facilities like a pool table, computer games or a games room is also a real bonus. It’s great if you have separated living spaces so a large family made up of several groups can have some privacy, so annexes or basement “flats” are popular.

Wedding parties want large gardens where they can do the ceremony, large terraces or garden space for the wedding breakfast/evening meal and a big kitchen for the caterers. They also want as many rooms as possible so the wedding party can stay together, including a beautiful master bedroom for the happy couple.

Younger groups want great pools and leisure facilities, so games rooms, pool tables, BBQ areas and chill out zones are popular, as is a good sound system. They are interested in proximity to bars, restaurants and nightclubs.

It is true that groups are harder on the property than smaller parties, but if you have a very large property and want high occupancy, it’s something you should consider. Decide which groups you prefer and cater to their needs, then protect yourself by removing valuable items, covering favourite sofas with a throw and decluttering to make it easier for the groups to avoid damaging anything unintentionally. Also make sure you have the right insurance, so you know you are protected.

Speak to us about what our rental clients want and how we can help you cater for them whilst safeguarding your property and fixing any damages which may occur. Our property management and maintenance teams are here on the Costa del Sol to help with everything and to support you to maximise the income you can get from the property. Find out more about renting out your property on our website.

The Spanish Property Market Continues to Grow

spanish real estate growthHomeowners in Spain have finally started hearing good news over the last six months, with property purchases increasing in volume and slowly but surely property prices on the rise. In the most popular areas, prices have been rising for some time and the rest of Spain is now catching up, with a lot of buyer interest from purchasers around the world.

Many research bodies and official organizations are hailing Spain as a great place to invest, with the IMF praising it for its economic recovery and the Organisation for Economic Development saying that it has one of the most undervalued housing markets in the world. Not surprisingly, this is getting even more people interested in the area.

The start of this year has been brilliant, with 34,771 property transactions being made in February alone, the highest for three years, and an increase of nearly 16% from the same time last year. Find out more here. Predictions are that both the volume of sales and the prices will continue to increase throughout the year.

Property owners who have weathered the financial crisis by renting out their property either short or long term are now in a great position, with record tourist numbers demanding quality holiday rentals, more people than ever looking for long term rentals and the value of their property increasing all the time.

If you haven’t been renting out your property so far, or feel that you could be getting more rentals for your property, then contact us to find out what you could earn. With quality property management services from HomeCareontheWeb you can enjoy all the benefits of renting out your property, without the hassle.

As you may know, there is a new rental law which will come into force on May 12th to regulate the rental of private homes to tourists. We are monitoring this situation carefully and have been calling the different bodies responsible to clarify what are owners have to do. HomeCareontheWeb will be able to register properties on behalf of our clients so that we can legally rent out their property. It seems that the requirements that the property must meet are relatively simple and will probably be in place for a quality property managed by a company such as ours, so please don’t worry. We can do everything for you to make sure you are registered and comply.

To help all owners in Andalucia we are writing regular articles about this law, here is the most recent update and you can browse our other two posts to give you a good understanding of the regulations.

If you have any further questions or want us to register your property on your behalf please contact us by emailing info@homecareontheweb.com or calling 00 34 952 83 95 95. We are here to help!

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