Well, the summer has been a smash on long term rentals and sales but pretty disappointing on holiday rentals. The Spanish press are talking about significant drops in tourism this year and the people who matter and who really know what is happening, the owners, the agents, the bars and the local businesses are also saying that things are poor compared to previous years.
have certainly seen returning clients looking for deals this year and booking
for less days than in previous years. As any of the cleaners will tell you, the
kitchens have been used more this year than ever before as people cut back on
eating out to trim the holiday budget.
still remains one of the most popular holiday destinations so next year, we
have to consolidate, offer good service and good deals and go the extra mile if
we want to get the business back. I suspect it is just a blip in the market and
as yet, we need not panic.
are buoyant but only at the right price. Lending is patchy and expensive and
few clients have large deposits to put down but the market is moving and that
is the most important thing. We have seen sales right across the board but the
most popular sector is still between 100 and 150K. Likewise, we have seen a big
rise in long term rental this year which is continuing in to bookings for 2015.
Prices have held steady on long term rental and the quality of clients is good
but it is still imperative to use a good agent. We have sadly had two or three
clients this year who went it alone and ended up with problems. Long term
rental is not even similar to holiday letting, there are more rules and red
tape and more to go wrong so make sure you protect yourself.
issue we have a great article by James Baxter on the money markets, an insight
in to Alpaca farming in southern Spain with Alan Park and a couple of articles,
the first on the Jews returning to Spain after thousands fled due to
persecution in Medieval times and the second on whether the Spanish Royal
family are set to crash and burn amidst a sea of criminal charges, sex
allegations and claims to the throne by illegitimate off spring.
I hope you enjoy the newsletter.
Lesley McEwan, MD, Cadizcasa
Click here to read the complete newsletter.