2017 Holiday Habits

2017 Holiday Habits

Last month we posted about the 2018 travel trends we expect to see this year, to help you to tap into these new trends and earn more rental income. To help you further, we wanted to share the ABTA findings on how UK holiday makers behaved last year, to drill down into what’s popular and where they feel the growth areas are. The more you understand what holiday makers want, the better you can cater to their needs and market your property better. Here are the highlights –

People took more holidays and plan to spend more

The great news is that, despite uncertainty and concern about global events, UK holiday makers took more holidays in 2017 than any time since 2011, a total of 87% of the participants taking a holiday last year and 57% taking a holiday abroad. In 2018, many are planning to spend more on their annual getaway. Western Europe, in particular Spain, was very popular and is expected to be a very strong destination in 2018 as well, with 62% planning to spend their holiday in Europe.

Popular Holiday Types

There was an increase in people taking beach holidays in 2017, going up from 38% in 2016 to 41% in 2017. 9% of people rented a private holiday home, 9% went on holiday to see a music event and 7% took an activity holiday and all these areas are expected to grow further in 2018. Given our great selection of holiday rentals, the amazing activities to enjoy on the Costa del Sol and the fantastic concerts and music festivals here, these trends should benefit owners of holiday rentals on the Costa del Sol. When asked about their plans for 2018, 47% of the participants of the ABTA survey plan to take a beach holiday this year, so as ever our beautiful beaches will be a big selling point.

How are people booking?

Most people are booking their holidays online, and this increased in 2017, to a whopping 83%. So it’s very important that your holiday rental has a strong online presence with a secure and easy to use online booking facility. If you are considering property management and rentals with HomeCareontheWeb, you will benefit from the strong web presence and secure booking system on our site HolidayRentalontheWeb.com. You will also be promoted via the network of 11 language websites of our partners Novasol and their travel agent network, to reach the maximum number of people and achieve the most bookings on and offline.

What will people spend in 2018?

ABTA’s survey revealed that people are planning to spend more on their holiday this year – 31% of the participants. Millennials are most likely to spend more – 39% of those aged 25-34 and 34% of 18-24 year olds say they expect to spend more on a holiday next year.

If you want to rent out your property to take advantage of the appetite for European holidays, now is the time to do it. Getting a reliable and experienced property management company such as HomeCareontheWeb on board, preparing your property for rentals and marketing for spring and summer starts now. We are looking for villas with pools and centrally located apartments and penthouses all along the Costa del Sol, so please contact us to discuss how it works and let us start marketing your property. To read the full ABTA report click here.

Happy Holidays!

On behalf of all of our team, we wish you a very Happy Holidays, and health and happiness in 2018! We hope you have a wonderful time, wherever you are spending the holidays, and that you can be with friends, family and loved ones.

At this special time of year we always like to give back to those less fortunate than ourselves, so we’re helping the homeless on the Costa del Sol. We collaborate with a local homeless charity and contribute savoury and sweet pies to their Christmas meal and presents so that everyone can get a little something this year. All our generous staff are making donations to this cause, and the company is doubling what they raise so we can help as many people as possible.

At the office, we are collecting warm coats, blankets, scarves and rucksacks, to give to the homeless. So if you have anything in the house which you don’t use anymore, please drop them in to the office and we’ll make sure they get to people in need. Where to find us

Christmas Opening Times

It has been a very busy year for our property management and property rentals team and we continue our hard work throughout the festive season. We will be closed on Monday 25th and Tuesday 26th of December and the 1st of January, but open as normal throughout the rest of the holidays.

Please let us know if we can help you with property management or renting out your property in 2018, or browse our great holiday rental properties and start planning your next holiday. We look forward to hearing from you!

Travel trends for 2018 and how Spain will be effected

Travel trends for 2018 and how Spain will be effected

2017 was another bumper year for Spain and travel insiders have said that early bookings for next year are already higher than normal. This year’s limited availability in peak times is definitely pushing travellers to book early for the best accommodation and flights.

We are now looking ahead to 2018 and were very interested in the predictions from Booking.com on how travellers will behave next year. Read on for how these trends will effect Spain and people renting out their properties here on the Costa del Sol.

Nostalgic Trips

One of the travel predictions for 2018 is that more people will want to revisit their favourite childhood holiday spots to remember the best of their family holidays. “Travellers say that former family holidays recall the fondest memories, even more so than childhood sweethearts or family pets. Millennials look set to be even more sentimental with 44% of 18 to 34 year olds keen to hark back to favourite family destinations.” This is great news for Spain’s Costas, as many of us had our first foreign holiday here and look back fondly on the sandy beaches, food and sangria!

Walking & Wellness

Wellness breaks are a growing trend and research shows that almost one in five people are planning to take health and wellbeing trips in 2018. Walking holidays, cycling and water sports are particularly popular active holidays.

We’re thrilled about this prediction, as the Costa del Sol is a fabulous place for hiking outside the hottest summer months. Amazing walks in the area include hikes in the Mijas hills, climbing the iconic La Concha and walking the Caminito del Rey. It is also growing in popularity with cyclists, with quality equipment hire and excellent routes, plus of course our great year round weather and this is a segment which is definitely set to grow. If you have a property within easy access of any of these great hikes or cycle routes, or have trails from your door, make sure you advertise this, as it can help you obtain some excellent off peak rentals.

Water sports is a classic draw of the Costa del Sol and there are many options to choose from. As this is still an attractive aspect of a holiday in Spain, make sure that you help guests by sharing good companies and providers, so they know that they can SUP or go sea kayaking easily from your holiday rental.

Group Get-Aways

25% of people surveyed plan to do a group holiday in 2018, up from 21% in 2017. Friends are choosing to go away together to improve the holiday experience, but also to make luxury accommodation affordable. This is a trend that owners of luxury villas on the Costa del Sol can definitely tap into. If you can sleep six or more people and have some lovely extras such as a private pool, outside bar and BBQ area, or lovely communal spaces, then this market could be excellent for you.

Live like a local

The study reveals that “in 2018, rental homes are going to be particularly popular” as “One in three travellers (33%) say they’d prefer to stay in a holiday rental (a holiday home or apartment) over a hotel”. This is obviously great news for our holiday rental business and anyone looking to rent out their property in 2018! As they want to live like a local, it’s important to share recommendations and insider knowledge to help them easily embrace everything the area has to offer.

These predictions are great news for Spain and the Costas in particular, and early bookings and continued instability in other parts of the world lead us to predict another excellent year for holiday rentals on the Costa del Sol. If you haven’t rented out your property before, or you would like to achieve more bookings, please speak to us. We have over a decade of experience with property management, maintenance and rentals and can help you to earn rental income, while minimising stress.

Find out more about next year’s travel trends by reading the full article here

How to get more rental bookings

Did you get the bookings you hoped this year? If not speak to us! 2017 was the best year yet for our property management and rental clients, with more bookings than ever. Check out our summer in numbers

September has been another excellent month with 1,975.850 passengers coming through Malaga airport, an 11% increase on previous years and a warm October has kept tourists thinking about the destination as an Autumn and Winter hot spot too!

Some of our owners now receive an average of 30 weeks per year, well above the traditional peak season of June, July and August. So if you weren’t happy with the number of bookings this summer or found it difficult to manage them, please contact us to find out how we can help you.

Here is some advice for extending your season and attracting off peak and Christmas rentals –

  • Think why your area is good for off peak visits and show that in your marketing. Are you close to golf courses? Do you have great hiking routes nearby? Is there a nice Christmas market or Christmas events taking place in walking distance? All these things are selling points for the off peak traveller.
  • Show that your property works in the winter as well – If you have an open fire, underfloor heating, or central heating, make sure you highlight that when marketing off peak. You want your guests to know that they can enjoy beautiful sunshine and activities in the winter and also snuggle up and be cozy and warm in the evenings, or on a cloudy day.
  • Think about guest’s needs off peak – Make sure the property delivers over the cooler months with warmer bedding, a few rugs and some candles to make it really great in all weathers. Leave a few umbrellas by the door just in case it rains and leave recommendations for good winter restaurants and bars too.
  • Set it up for the holidays – If you want to encourage bookings over the holiday period, take some pictures of the house all decorated and show that it will be decorated on request in December and over the Christmas week, so they can imagine themselves celebrating away from home. If you get any enquiries over this period, help them to imagine spending the holidays in your property and they will be more likely to book.

For more great tips like this, download our free guide – The Secrets of Successful Rentals, where our property management and rental experts offer you brilliant advice on pitfalls, protecting against risk and the information you need about long term and holiday rentals.

Our team at HomeCareontheWeb have over a decade of experience on the Costa del Sol and we know all the secrets of successful rentals. As well as marketing your property to boost rentals, we can deal with any problems and maximise every opportunity, so trust in us to take care of your property while generating you income.

Find out more about our property management and maintenance services on our website: www.HomeCareontheWeb.com or contact us: info@homecareontheweb.com · Tel: +34 952 83 95 95

Are you and your property ready for the winter?

Are you and your property ready for the winter?

The summer is over and although we are getting more off peak bookings this year than before, from October onwards the holiday rental market quietens right down and your property may be empty. If you will be locking up your property for the winter, make sure it is secure and ready for colder, wetter weather. If not, then you need to think how you can keep it full for the winter months, as well as during the summer.

This time of year is the perfect time for planning and preparations and here are three important questions you should ask yourself to make sure you’re ready for the winter season.

  1. Do I want to let my property sit empty?

This is obviously an important consideration, as an empty property isn’t generating any income, and can become damp. If the answer is no, then you have two viable options, one is to decide to come and use it more yourself over the winter months, or invite friends and family to use it for an off-peak holiday and the other is to look for a long-term rental. Demand is growing for long-term rental properties and supply is low, so this is an excellent option to generate income steadily throughout the year and never have your property empty. Of course you don’t earn as much per week with long-term rentals, but it is low stress, secure and over the year you could earn more because you don’t have months where you’re not earning. Here are five reasons to rent long term

  1. Could I get off-peak holiday rentals?

Not all properties are suitable for off-peak rentals, but if you have a cozy property with an open fire (or good heating) and a location which appeals to the winter tourists, then there is potential. For example, if you are on a golf course, then golfers are an excellent off peak target, or if you are close to some lovely hiking or mountain biking routes then this can also be a good draw. Talk to your property management company about how you can make your property appeal to these off-peak bookings and realistically how many rentals over the autumn and winter you can expect, so you can make a decision. We’ve put together some tips on attracting more off-peak bookings on our blog to help you prepare.

  1. Can I maintain my property over the winter or do I need some help?

Even though our winters here on the Costa del Sol are mild, they do take their toll on properties, as most were built for the summer and not for the colder months of the year. The properties were made to keep the heat out and this means they get very cold and often damp if they are not properly ventilated and heated. High winds and rain can also be a problem, causing damage and letting the water in and although this is no big deal if dealt with quickly it can cause big problems if you leave it for months. If you aren’t in Spain over the winter, we recommend having someone on the ground who can check your property regularly, air and heat it and keep any problems at bay. We’ve also put together 10 tips for maintaining your property in the winter to help you get prepared.

We are here to help with professional property management and maintenance services to support home owners whether the property is sat empty, or has rentals. If you want to rent out your property our long-term rental department can guide you through the process and make it easy for you, and our holiday rental team will work to get you as many bookings as possible throughout the year. Browse our website to find out what we can do, or request a quote.

Looking back on a fantastic summer

Looking back on a fantastic summer

It’s September, the weather is cooling down, the crowds are heading home and we’re reflecting on a great summer. 2017 was the best year yet for our property management and rental clients with more bookings than ever.

Here’s our summer in numbers –

  • We managed 3379 bookings
  • Checked in over 14,000 guests
  • Carried out more than 4,000 cleans

And we still have much more to come!

The Costa del Sol is a great year round destination and we’re seeing the an extension to the traditional high season, with more people choosing to visit in September and October when the weather is great but prices for flights and accommodation come down. There is also more interest in Christmas bookings, as people look to experience a different Christmas away from home, where a walk on the beach after your Christmas lunch is a reality.

We have over 1,000 more bookings for the rest of the year so far, and we expect to see more bookings coming in for some autumn and winter sunshine.

Are you renting out your property? Did you get as many bookings as you hoped? If you weren’t happy with the numbers of bookings, or found it hard to manage arrivals, departures and deal with problems during your guests’ stay, please contact us and find out how we can help you.

HomeCareontheWeb are property managers with over a decade of experience on the Costa del Sol and we know all the secrets of successful rentals. We have a large team on the ground looking after properties, as well as marketing experts promoting the properties to boost rentals. We can deal with any problem and maximise every opportunity, so trust in us to take care of your property while generating you income. Find out more about our property management and maintenance services on our website, or contact us for a quote.

Rental returns for Costa del Sol properties

Rental returns for Costa del Sol properties

Spain is a very popular destination for expats to buy investment properties, second homes, or as a place to retire, with 35% of buyers considering buying in Spain according to an article in The Telegraph. In the same report, it states that these properties can be an excellent source of income due its popularity as a holiday destination and growing interest in holiday rental properties.

The Costa del Sol, has a thriving rental market, with high rental yields for both long term and short term lets. As we reported in our last blog, long-term rentals can be an excellent choice for landlords, as a stable, secure and stress free way to generate income from your property.

A new study has shown that long-term rentals in coastal areas, particularly on the first or second line of the beach offer 5.67% rental yields – up from 5.37% in 2016 and well above the 4.3% national average. The main reason for this increase in prices is lack of supply, as property owners in these prime beachfront properties choose short-term holiday lets over long-term rentals, yet demand continues to increase. Read the full article

Property owners can get seduced by the higher per week revenue from a holiday rental, without looking at the annual yields. Typically, a property would rent short term in peak summer and Easter for the same for one week, as one month for a long term, but properties are often empty when renting out short term.

Occupancy depends on the quality of the property, the area and the marketing, but regular rentals are normally only seen in Easter and from June to the end of August, so even at full capacity over those months you would only be looking at 13 weeks of rentals. Of course, it is rare to be fully booked every week, so usually you would count on perhaps 10 weeks per year.

With long-term rentals, demand is high and people stay in a property for many years if they are happy and well looked after, marketing is easier and so the annual return is often higher and the costs of management are lower. Owners who are renting long-term also do not have to worry about the new holiday rental legislation, so it’s an easier process all round.

Long-term rentals is not for everyone, as if you want to use the property in the low season, then holiday rentals is a better option. However, if you have your property as an investment it is a very appealing option to consider.

Please contact us and we can evaluate your property and estimate the rental yields from short and long-term rentals and help you decide the best course of action for you. We have also created two free guides – Secrets of Successful Rentals and Home Owners Tips for Long Term Rentals which you can download and will help you to make up your mind.

As Costa del Sol Property Management experts, we also manage the property, market it and handle all the tenants and any issues they may have, so you can just relax, knowing it is in safe hands.

Consider renting your property long term

As experts in property management on the Costa del Sol, we look after our owners’ properties whilst they are away and help them to capitalise on rental income by attracting holiday rentals and long term rentals. We market the properties through two dedicated website HolidyRentalontheWeb and HomeRentalontheWeb, through social media, partnerships with companies such as Novasol and traditional marketing and advertising.

Over the last year, we’ve been helping owners deal with the new holiday rental legislation and are now registering their properties with the police station and ensuring that they register all visitors’ passport details when they arrive. During this process, we have been speaking to a lot of owners about considering renting their property long term, as it is much easier to find tenants and there is less ongoing management of them.

Why rent long term?

Here are 5 great reasons to rent your property long term –

  1. There is a major lack of supply of quality long term rentals properties on the Costa del Sol and we’re seeing demand increasing all the time, which is pushing prices up.
  2. Renting your property long term offers you more security, as you get a regular income stream throughout the year, straight into your bank account.
  3. It’s much less hassle as you’re not having to provide cleaning, welcoming guests, worrying about keys etc, there’s just the initial set up of the contract and the occasional maintenance issue to fix, but mainly you can just sit back and watch the rental income coming in.
  4. Long-term rentals are a good option for people who rarely use their property themselves and have it sitting empty most of the time.
  5. We can take any stress out of the process of renting your property long term!

We can help you set-up your property for rentals, offer legal support such as checking references, preparing contracts, changing services etc., or offer an all-inclusive rentals management service package, where we just take care of it all. Find out more about our long term rental packages on our website.

Please consider long term rentals as a profitable and straightforward option, but if you love to use your property then holiday rentals may be better for you. Feel free to contact us to discuss all the options, what sector your property would appeal to and how much you could earn. Contact us today if you’d like to start renting out your property, either short or long term.

The effect of the Holiday Rental Law in Spain

costa del sol property management

It’s been a year since the holiday rental law came into force and after a period of uncertainty, the dust has settled and owners are getting on with the important job of renting out their properties for the vital summer season.

As we reported in April, the biggest recent change has been the requirement to register with your local police station and then register passport details of all guests over the age of 16 within 24 hours of their arrival. Other than that, once the property is registered you can just continue as usual.

There were concerns that owners wouldn’t want to register and would look to long term rentals instead, but figures released this spring show that an average of 33 properties in Malaga were being registered every day, with owners realising that this income stream was important and it was necessary to comply. There are around 11,000 registered holiday rental properties in the Malaga province and we’re seeing lots of demand from holiday makers for quality holiday rental accommodation in the best areas.

The holiday rental sector makes an important contribution to tourism, offering visitors a more flexible alternative to hotel accommodation and much needed availability for the record numbers of visitors expected to visit southern Spain once again this year. The tourism authorities estimate that if the registrations continue coming in, that there could be the same number of beds available in holiday rental accommodation than in hotels by the end of summer, and think long term it may even exceed it.  The demand for rentals and Spain’s competitively priced properties are leading to an increase in buy to let investment, with the Sunday Times recently promoting this as a good option.

All of this is great news for the holiday rental sector on the Costa del Sol, but if you are an owner, it means that you have more competition to deal with. Increased competition means you have to work harder to stand out and attract the bookings. There are a number of ways to do this; you can undercut your competition on price, improve your property’s décor or facilities to really impress, or focus on a particular sector, such as families and really make your property work perfectly for them.

Effective marketing is also vital to make sure your target market can find you when they are booking their holidays. There are two routes to these bookings, online direct bookings and also travel agents. We have both these routes covered thanks to high-ranking websites, social media and a partnership with Novasol – the largest holiday home rental company in Europe. Novasol give our owners a presence on their 11 individual language website and in 1.5 million catalogues which are delivered to over 15,000 travel agents. You will also be featured on our dedicated holiday rental website HolidayRentalontheWeb.

We are property management experts with over a decade of experience in helping owners attract holiday rental bookings and dealing with all the hassle of preparing the property, welcoming and looking after guests during their stay and handling payments. If you have a property on the Costa del Sol and want to earn rental income, contact us to find out how we can help you get bookings and delight your guests so they come back time and time again.

2017 Costa del Sol Tourism & Property Update

2017 Costa del Sol Tourism & Property Update

As Costa del Sol property management experts, our owners are interested in the potential for rentals and how the property market is developing. So in this blog, we’ve reviewed the latest reports and summarised some of the key indicators for tourism and property in 2017.

Things are looking strong for the Spanish tourist sector this year, with the Spanish Hotel Federation reporting 90% occupancy over the Easter week nationwide. Marbella Town Hall announced average occupancy of 80%, with 100% in many places over the long Easter weekend. As a result of the demand, 35,000 jobs were created in Andalucia over the holiday period.

Marbella is the third most profitable tourist destination in Spain, and the most profitable in Andalucia, showing the resilience of the destination and the value of the brand of Marbella, which positively influences tourism for the whole of the Costa del Sol. Despite concern about Brexit, the Marbella Town Hall announced that according to their data and indicators, tourism from Great Britain continued to grow in the same trend as seen in 2016 and stated that they do not believe it has made a difference.

11% more passengers are already booked to fly into Malaga airport from April to September compared to 2016, and this figure should increase with late bookings. In Spain as a whole, there has been a big increase in nights spent in holiday rental properties and short stay accommodation in 2016, with a 10.2% compared to 2015, so this is definitely a growth sector.  Our sister company HolidayRentalontheWeb saw a 32% increase in holiday rentals in 2016 compared to 2015, so locally we are performing much better than the national average.

Things are strong in the property market as well. Real Estate Agent Panorama recently released their 2017 property market report for Marbella, which shows that house prices are on the rise, with healthy sales volumes back to pre-crisis volumes, although sales volumes have levelled off after a fast period of growth between 2012 and 2015. New build developments are back, with lots of activity in that sector and 77 new developments currently on the market along the Costa del Sol and international funds investing millions in residential developments in the area. The issues with Marbella’s Town Plan are encouraging land purchases in the areas of Benahavis and Estepona, widening the prime real estate areas in future years.

However, Panorama warns sellers that the price still needs to be right to sell and not to think that an improving market means that they can put their prices up. They say, “when vendors fix their asking price to the right level where their properties are perceived as very good value for money, there is an almost instant response in the marketplace”.  So, if you’re looking to sell, price is very important. Find out more and read the full report

Steady growth is expected in the next few years, with more demand from the Spanish market driving sales, well-priced properties selling more quickly and a gradual property price increases.

We are seeing a growing demand for high quality long-term rental properties, with properties in short supply. Due to the increased regulation in the holiday rental, the demand and the ease of management of a long-term rental, this can be a smart option for property owners playing the long game and waiting for property values to reach a peak once more. We have a dedicated website for long term rentals and our Long Term Rental specialist Sergio is here to help owners make the most of this great market, manage the properties and deal with the clients. Please contact us if you’d like to discuss renting your property long term.