Renting or Letting Property During the Crash

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British tourist arrivals fell sharply on Lanzarote last month.  According to figures just released by the Spanish airport operator AENA.  As the number of UK holidaymakers visiting the Island of Fire declined by over 17% versus January 2008.

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Does your insurance cover your home in Spain when left unoccupied?

As the sun sets on the holiday letting season, it is likely that you are preparing to lock up and leave your Spanish holiday home during the winter months. Before you do, holiday home insurance experts www.schofields.ltd.uk are advising property owners to check their insurance and make sure you understand what is covered and what is excluded when your property is left empty.
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Part 1 of this article on Renting Your Spanish Property covered understanding your costs and what fixtures and fittings to include…

Key holding and property management

  • The first consideration should be finding a property management company, especially during the early phases to supervise furniture deliveries and access for tradesmen. Some of the most successful people that rent do their own marketing, through friends and family and the volume property rental sites and only use a local service provider for cleaning, maintenance, meet and greet and key holding. Meet and greet is potentially the area where most people fail as a friendly and informative meet, with good information provided, can start a happy holiday experience and try to provide a basic pack containing tea coffee milk water etc.

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For the last 4 years www.inspectahomespain.com have been providing property buyers in Spain with a new property inspections, snagging service and as a result of our recent survey of 700 properties, where amazed, after asking as series of questions about rentals, how little buyers knew about how to rent their properties, what facilities, services renters were expecting. This article has been published for people that have already purchased a property who may be looking for common sense advice and in it we highlight some common mistakes made new owners.

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If you’re like me and a few others on this forum, along with your own house in Spain you may have a rental property. Well the bad news from ine.es is that whilst overnight stays in non-hotel tourist accommodation (holiday dwellings, campsites and rural tourism establishments) exceeded 22.4 million in August, it is actually 1.3% less than in the same month of the previous year.
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