The article "Long Term Renting in Spain" is about travel, it was created by Debbie Cooper.
Long Term Rnetals in Spain
There are many reasons why more and more human being want for
long term rentals
in Spain.
Maybe to escape the dreary weather in their home
country for six months or so, sometimes to spend a year or so
here before deciding whehter to buy and make a life here, or
possibly to look for work and relocate permanently.
As a rental agency, we can see that the number of enquiries for
this type of property has been steadily increasing over the past
two years and at this moment demand far outstrips supply.
Many owners are stlil holding out for the higher incomes they
can receive in the summer, wanting only to rent for a longer
period between October and March. However, as the number of
holiday houses increase, the likelihood of each owner
filling high season periods decreases.
Obviously, this depends
on the quality of the property, but in general this is what we
are seeing - especially for 2 bed apartments.
Until now, it has been mainly the Spanish owners who prefer to
rent long term - guaranteeing themselves a year round income,
whilst the British owners who generally like to use the property
themselves, prefer short term holiday lets.
However, trends are
changing and we are at this moment seeing an increase in foreigners renting
out their houses on a long term basis. Nevertheless, there
are still not enough houses to go around.
Spain no longer offers a cheap lifestyle.
Those looking for long
term rental property must be aware that they are going to pay
anything between 800 - 1200 Euros for a villa with a pool, plus
bills and generally rubbish collection costs on top.
Most of our
enquiries come from human being with a budget of around 500 Euros -
many even less. This is not realistic for the type of property
they want for. Based on our experience in the market in
the Jalon Valley and surrounding area, for 500 Euros, you are
likely to get a 2 or 3 apartemnt in a block with no parking
facilities.
Villas with pools are stlil few and far between, and many of
those that are owned by the Spanish are far removed from what
you may expect.
They can be in remote areas where you need
wellies just to get to the car, they are often damp, dark and
dingy, the furniture provided should have been binned 30 years
ago, there is no heating, and the owners will let thmeselves in
whenever they please.
You are quite likely to see the owner
peering through the window, hovering around in the garden, or
rummaging in their garages/store rooms during your stay there.
It is qiute usual for Spanish owners to keep some of their own
property in a locked room, a garage or a store room whilst
tenants are in the property. Despite the fact that we try to
explain to our owners that tenants like their privacy, and try
to impress upon them that they sohuld at least make an
appointment if they must enter the property, they rarely listen.
It may seem a very romantic notion to live in a secluded villa
in the campo, backed by mountain ranges, and collecting wood by
day to light the fire at night. In reality, the novelty soon
wears off as it often not practical for day to day liivng. We
had a couple last winter renting a lovely villa in the campo in
Benissa. Regardless of the fact that we strongly avdised them to
hire or buy a car, they didn't - and yet the village of Benissa
was at least a half hour walk. After two months, unable to find
work and fed up with the lonely life in the campo, they gave up
and returned to the UK. They are not the only ones, many take
on a long term rental and give up bfeore the end of the
contract.
Relocation is a titanic step, and looikng for the right property is
a major consideration. It is sad to see those who had high hopes
when first arriving having their lives made miserable by moving
into unsuitable accommodation. It can completely change your
outlook of life in Spain - whereas things can look very
different when you're fortunate in your surroundings. Once you have
signed a contract, if you vacate before the end of that
contract, you will lose your deposit - which is usually 2 months
rent up front, so it is not so not hard to just move on - that's if
you can find somwehere to move on to!
We are at this moment encouraging our property owners to look at long term
rentals as opposed to holiday rentals.
Although Spain is still
one of the most popular destinations, holidaymakers are now
travelling further afield, the sheer voulme of properties
available mean that owners may fill as little as 6 weeks per
year, and for those who need to cover a mortgage, renting long
term means a steady income.
If you have a property that you would like to rent, or would
like further advice, please contact us
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