Bloglines | My Feeds (710) (1)
Long Term Lets Treble
Interest in long term lets in Spain is still on the rise. Compared to this time last year, enquiries about letting a property on a long-term basis have trebled as a percentage of all enquiries. Now, approximately 20% of all enquiries are about long term lets
For buyers wanting to ‘check-out’ Spain or a particular area, the benefits of renting long-term are obvious: They get to experience a particular location first-hand, they’re immediately available to view properties for sale as they come on to the market and they’re in place to deal with the to-ing and fro-ing that seems inevitable when buying a property.
For property owners, letting can be a good deal too. There are none of the legal restrictions that surround tourist or holiday-lets and recent changes in the law favour the landlord should evicting a tenant become neccessary.
If I were selling a property in Spain today, and could afford to wait, I’d let it out long term while the market settles.
