This year, HomeCareontheWeb.com has seen a surge in home owners wishing to make some extra cash from renting out their properties in Spain.
Being a landlord comes with many benefits and doesn’t have to be any stress or hard work at all with the right property management company. So it’s no surprise given this economic climate that owners have turned to their properties as a way of making more income.
Good news is that there is still a big demand for properties in Spain. The self catering option is increasingly attractive to all types of holiday makers and many people are choosing long term rentals as they are not in a position to purchase. In fact from January to the end of August 2012, over 2200 weeks of holiday rentals were booked with HomeCareontheWeb’s properties. That is a lot of happy home owners and holiday makers!
Owners of Spanish properties who are looking to capitalise on holiday rental income have a reason to celebrate, with figures showing that the number of foreign tourists arriving in Spain has risen for the fifth month in a row compared to 2009.
Interestingly, the number of British tourists is actually falling, but the German market is much stronger, increasing by over 11% to 1.03 million. This shows us that it is no longer enough to simply market our properties to the English-speaking market and we need to be smarter to reach more Northern European tourists looking for self-catering accommodation in Spain.
For this reason, HomeCareontheWeb has partnered with Europe’s Number 1 holiday home company Novasol, who has a fantastic customer base in Scandinavia and Germany, to supplement the bookings we receive through our rentals website HolidayRentalontheWeb, which caters for the English-speaking market.
Positive signs for Marbella were announced by the councillor for tourism at the end of April, which should please property owners looking to rent their property as well as businesses relying on tourist income.
The data revealed a 16 percent increase in tourist numbers recorded in the first quarter of this year (March 2010) compared to the same period of last year. These increases are not shown by the rest of the Costa del Sol at this point, but can be taken as a sign of returning confidence and a good sign for the important summer period.
Expressing satisfaction with the growth rate, the municipal delegate also emphasized on the possibility of growth in the housing sector. ‘The stats are optimistic in this season and in addition to good data recorded in the Holy Week, with an occupancy rate of 81% and a rise in the net sale and purchase of housing, it’s a positive sign for the real estate market,’ Jose added. To read the full article visit the Marbella Guide
If you want to take advantage of the increased tourist numbers by renting out your Costa del Sol property, we can help. We have partnered with Europe’s number one holiday home company Novasol and are actively looking for properties to rent in Spain. Visit our Spain rentals management page on our website to find out more about Novasol, or contact us today if you want to rent out your property this summer.
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