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.

Get ready for the peak rental season

Get ready for the peak rental season

Are you prepared for the arrival of the crowds for Easter? This marks the start of the peak rental season and we’re expecting a great year, with plenty of early bookings coming in and predictions of another record tourist season. Is your property prepared to receive paying guests?

It’s vital to delight your guests, so they become repeat bookings and recommend you to their friends. A happy customer is your best calling card and can make you thousands in future bookings, so make sure your property doesn’t let you down.

As we mentioned last month, the winter rains have caused a lot of damage in some areas and even if you property wasn’t flooded, we would expect at least some damp in all properties which have been left empty over winter. Now is the time to deal with these problems, as properties take time to completely dry out and lose the tell-tale smell of damp which is so off-putting to holiday rental guests. Read our tips for dealing with flood damage or damp on our blog to know how to handle it and get the property opened up, heated and well ventilated in time for Easter.

Here are five ways to get ready for the rental season –

  1. Make sure your property is registered under the new holiday rental law and that you have registered at your local police station (link to the blog)
  2. Give your property a fresh coat of paint
  3. Check your furniture – Take a critical look at your sofas, chairs and tables and make sure they are in great condition. If sofas are looking a little tired, consider reupholstering, or using a nice throw or cushions to brighten it up. Replace any broken furniture, and consider how you can hide any damage and protect furniture, such as buying a nice tablecloth for the dining table. Make sure you check your outdoor furniture as well to make sure it’s in good condition, replacing cushions, or recovering them can give a lease of new life to your outdoor furniture.
  4. Deep clean – After a long, wet winter, you should get in there and do a very deep clean, air the property and heat it to make it clean, fresh and ready for your guests.
  5. Look at your marketing – The start of a new season is a good time to check how well your marketing is working for you and how many bookings you’re getting. Check your listings and photography and make sure they represent you well enough, see how many bookings are coming through a particular channel and look into other options if you don’t feel that you’re getting the visibility you should.

HomeCareontheWeb are Costa del Sol property management experts, with years of experience in rentals management and a large and well-oiled marketing machine behind us. We have a number of well ranking websites for short and long-term rentals, partnerships with rental giants such as Novasol and advertise online and offline to reach the maximum amount of holiday rental clients in the UK, Scandinavia, Germany and Northern Europe. Get in touch with us today if you need some help with getting more rental bookings in 2017.

Important update on the Holiday Rental Law in Andalucia

Important update on the Holiday Rental Law in Andalucia

We recently attended a seminar on the Holiday Rental Laws, where the police were also in attendance, to inform everyone of the new procedure that is now in force and wanted to give you an update following on from our introduction to Andalucia’s holiday rental laws.

All Holiday Rental properties that are registered with the Junta de Andalucia and have a registration number now have to register with the appropriate police station. (The correct station to register at depends on the area in which your property is located.) You then must register passport details of all guests over the age of 16 within 24 hours of their arrival.

Whilst we have always taken copies of the guests’ passports, we have not had to submit the information to the police. Now with the new law, once a property is registered with the Junta de Andalucia it also has to be registered with the police and passport details submitted.

The cost for us registering your property at the police station is 60€ + IVA (this includes providing copies of all the relevant documentation).

Please contact us to arrange the registration of your property with the relevant police station. If you would prefer to do the registration yourself, please also contact us as we can help.

Read our articles on the holiday rental law by clicking on the links below

How to comply with Andalucia’s new holiday rental laws

Summary of Andalucia’s holiday rental laws

How complicated is it to register your property to comply with the holiday rental laws

For more information, contact us on: info@homecareontheweb.com or call +34 952 83 95 95

What to do if your property was damaged in the floods?

Flood damage Costa del Sol

At the end of last year and again earlier this week, the Costa del Sol was badly affected by heavy rains and floods, which caused significant damage to property. Unlike December’s floods, last month’s flash floods were more localised around Malaga city, but it has raised more questions about what to do if your property is flooded and how to deal with any affects you may have had from the unusually wet winter.

One important thing to stress about this water damage, is that it’s very unusual to have heavy rains such as this. The rains in December were the heaviest for nearly 30 years and so you don’t need to worry about risk of flooding in general in this area, as it is very low. However, if you were flooded in December or last month, it’s important you know what to do about it and who is responsible for covering any damage to your property.

For floods and acts of god such as this, there is a “Consortium of Insurance Compensation”, which is responsible for paying out for some of the damage and then your insurance company who is responsible for others. It can be complicated, with the insurance company saying one thing and the consortium saying another, and it has left people at a loss at what to do.

The first thing to do is contact your insurance provider, explain what has happened and ask whether they can cover it. If they say no, take a look at the Consorcio de Compensación de Seguros website as it will hopefully be able to help you to see if they should cover you or not. There is an excellent article with the exact process of claiming through the consorcio de compensación de seguros from the Olive Press, which will give you lots of good advice. If that isn’t working for you, some lawyers are offering a service where they will deal with the consortium on your behalf to wade through the legaleeze and make sure you don’t fall into any loop holes.

We very much hope you haven’t had significant damage from these floods, but we are seeing a lot of low-level water damage in properties, from small leaks, or cracked paint work, causing damp in the rooms. If you haven’t visited your properties since December, please make sure you get someone to check it over, even if you aren’t located in the worst affected areas. Properties on the Costa del Sol are designed for heat and summer sunshine rather than rain, so damp is often a problem.

If you find damp, cleaning the area thoroughly with bleach, using anti-mould spray, heating and ventilating the property should do the trick. However, if it’s left unattended for a long time then it can turn into a more serious problem, so get someone to check your property and get it sorted.

We are checking all the properties we manage to make sure that the rain and high winds has not caused any damage. We particularly check the roof tiles, flat roofs and terraces, patios and gardens, look for cracks in the paint work outside and of course inside for any signs of damp.

Any properties we do find with damp or mould, we recommend that our cleaning team comes in and thoroughly cleans and ventilates the place and if required we leave a dehumidifier in the property to really dry it out. Once this unusual weather ends and the spring arrives, we will be advising all properties that did have damp over the winter to have the property painted. This gets rid of any lingering smell of damp, covers up any marks it might have left and also protects the house for the future.

If you would like us to come in and check your property and have our maintenance and cleaning division get it looking great again and minimise any long-term damage please let us know. Our comprehensive Costa del Sol property management packages include twice-monthly inspection visits to check the interior and exterior of your property. At each visit we thoroughly air all rooms, check for pests and vermin and recommend action, test all appliances and electrical equipment to make sure all are in good working order, examine all furniture and furnishings for wear and tear, check all sanitary equipment and plumbing and make sure all your security services and equipment are fully functional. If there are any issues, we will email you a report showing any damage, identify what needs to be done to solve these problems and organise repairs.

This is just one of the services we provide for our clients, others include creating an inventory of the property’s contents and giving you an account in our owners’ area where you can check on your property, book visits and cleaning and be aware of what we’re doing for you. We also have a Helpline, which you or your guests can call during office hours with any issues and an emergency service overnight, plus an emergency call-out facility with qualified staff. With these and many other property management services at your disposal, you know that your property is in safe hands and that it is in optimal condition, no matter what the weather might throw at us!

Come and see us at the Home Fair Exhibition in Torremolinos

We are pleased to announce that we’ll be exhibiting at the Home Fair Costa del Sol, which is taking place at the Palacio de Congresos in Torremolinos from the 7th to the 9th of April. If you have a property here in Spain and you want to discuss renting it out, or what property management can do for you, please come and see us and find out. Register for a free ticket

This promises to be an excellent event for anyone who owns a property here, or is thinking of buying, as there are experts in real estate, home insurance, property law, construction and refurbishment, and products to make your property look great.

There will also be informative seminars from experts on owning a property in Spain, so it promises to be a really interesting day. Find out more

Hope to see you there.

Marbella a 5* Destination

Marbella A 5 Star Destination

In January, the Mayor of Marbella José Bernal was at tourism fair FITUR to position Marbella as a 5* Destination and shine a light on its excellence in so many fields. The very well attended presentation focused on the area’s amazing performance in 2016 in terms of tourism and hotel occupancy and announced that they will be creating a forum on innovation and promotion to ensure that 2017 is even better.

Bernal stated that last year’s Easter and summer seasons were incredible, with June matching July to have 90% occupancy and reaching 93% occupancy in August. He added that as well as an increase in occupancy, they had also seen an increase in average spend per person and that hotel prices were increasing in line with the status of a 5* destination. As well as this great news, he marked the Town Hall’s commitment to continue the strong performance, through collaboration between themselves and local businesses and improving promotion and the tourist offering this year. He is aiming to compete with luxury destinations such as Miami, Monaco and Saint Tropez and asked for the support of businesses, organisations and individuals to promote the destination to build on last year’s success.

We have been flying the flag for Marbella and the whole of the Costa del Sol for over a decade, promoting both the area and of course our great holiday rental properties, far and wide. We are delighted to see renewed effort from the Town Hall to promote the area, and expect more demand for properties in Marbella as a result.

If you have a property in Marbella, San Pedro or Puerto Banus and would consider renting it out short term, please contact us. There is particular demand for villas with pools, centrally located properties and also properties with parking. If you have a property that would fit the bill, please don’t worry about renting it out. We are property management experts and will take care of the marketing, the bookings, the cleaning and welcoming guests, so there’s no stress for you, simply some very useful additional rental income. We look forward to hearing from you.

2017 promises to be a good year for Spain

Property Management 2017

Happy New Year to all our property management clients and anyone who owns a property on the Costa del Sol! We hope you all had an excellent Christmas and New Year and are feeling positive about 2017. All the signs are that 2017 is going to be a great year for Spain, the economy, tourism and the property market. This means that your property will be increasing in value and there are excellent opportunities to make money from short term holiday rentals for tourists and long term rentals to the thousands of people arriving here for a better life each year.

Last November, Spain’s economy minister upped growth predictions for 2017, saying that they predict the economy will grow 2.3% and that 500,000 new jobs will be created. After a long period of uncertainty, a government was voted in with the experienced Rajoy at the helm and things can now settle down politically, which should boost growth.

2016 was a great year for the Spanish property market, with consistent increases in home sales, a 2.6% increase in house prices overall and even stronger increases on the coast and in the luxury sector. 2017 is expected to see a 5% increase in house prices and stable growth predicted until the end of the decade, so owning a property on the Costa del Sol is highly desirable once more.

To maximise returns, while property prices continue to rise, renting out your Costa del Sol property is a great option. 2015 and 2016 were record years for tourism, with the great year continuing into October with an 11% increase in tourism from abroad during that month. There was also an increase in spending and Brexit did not seem to have much of an impact, with 6% more visitors from the UK in October than the same month is 2015. The Costa del Sol has seen a big increase too, with traffic to Malaga airport increasing by 15.1% in the first ten months of 2016 and welcoming their 15 millionth passenger of the year in November – the first time this amount has ever been reached in a single year.

Expectations are that with the popularity of Spain as a tourist destination, the good infrastructure and the continued insecurity in other parts of the world, that 2017 will be another bumper year for Spanish tourism. If last year is anything to go by, hotel occupancy will be very high once more and the demand for holiday rental properties will continue to rise, both due to shortage of hotel rooms and demand for greater flexibility from accommodation.

This means there’s never been a better time to rent out your property, and we can help you to do it. Our Costa del Sol property management specialists can take care of your property and get it ready for rentals, and our marketing team can find short or long term clients for you. We will communicate regularly and set up an online account, so you can know what’s happening with your property when and where it suits you. We will handle deposits, payments, keys, maintenance and handle any problems for you and you will see the funds coming into your bank account each time we rent the property for you.

If that sounds good to you, we are particularly looking for villas with pools and centrally located properties in desirable areas such as Marbella, San Pedro and Fuengirola. Please contact us if you have a property that would fit the bill and let’s make 2017 a profitable year for you.

Happy Holidays!

From all the team at HomeCareontheWeb, HolidayRentalontheWeb and HomeRentalontheWeb, we would like to wish you a very Happy Holidays and a wonderful 2017.

As this is the time for giving, we’re delighted to be supporting a local homeless project by buying socks and boxer shorts to give them and baking some delicious treats for their Christmas lunch. We are also helping the A.C.E Animal charity, buying food for the animals to make sure they have a very Merry Christmas too.

This has been a great year for our company and we hope we can help you next year if you want to rent out your property and have it managed, or find a brilliant holiday home or long term rental on the Costa del Sol.

We will be open throughout the festive period Monday to Friday except the Bank Holidays on the 26th of December, and the 2nd and the 6th of January.

¡Felices Fiestas – Happy Holidays!

Winter care tips for your Costa del Sol property

 

November was incredibly wet, with over a week of pouring rain – how did your property stand up to the test? If you haven’t been able to check it yet please don’t delay, sadly lots of Costa del Sol properties are not built to stand such a deluge and leaks are common. If they are dealt with quickly and the house is dried out they are not a big problem, but leave them until next summer and you will have a major damp problem and an expensive issue to sort out before you can rent it again.

We have been visiting all the properties that we manage over this wet period to check that everything is OK and it’s made us realise that many owners really don’t consider their properties over the winter months, so we wanted to give you some advice on how to make sure that you come through the winter unscathed.

  1. Don’t stick your head in the sand – Have someone on the ground to check your property every month, air the place and put on the heating if necessary to keep the damp at bay and to deal with any issues that might have arisen. This is key to avoiding expensive issues later on.
  2. Regularly inspect the outside of your property for any potential issues – Think about any tall trees which could lose branches in a storm, check guttering is clear and that pipes are insulated and there are no leaks. Also check blinds and sun covers for rips and take down summer umbrellas and awnings to avoid damage.
  3. Turn off your mains water – If you aren’t in the property make sure the mains water is turned off, as you can’t always spot a leak and it will cost you a fortune on your water bill, not to mention potentially flood the house.

We hope this has been helpful, here are some more winter property care tips for you to support you in keeping your property in top condition. Remember that winter on the Costa del Sol is usually lovely, but it is definitely better to be safe than sorry in these cases.

If you’re not here, but want to ensure your property is in good condition, we can help. With more than a decade of property management experience and a big team of management and maintenance professionals you know that your property is in excellent hands when you choose HomeCareontheWeb. We also have an excellent online system where you can see reports and any maintenance issues at home when it suits you with just a few clicks of your mouse, so you are always up to date. Please get in touch if you need some Costa del Sol property management support and we’d be delighted to help.

How to attract more off peak rental bookings

As we announced last month, this has been a bumper year, dubbed ‘superverano’ or ‘supersummer’ by the Spanish press, and record numbers have been seen in autumn and are expected to continue this month.

We were interested to read facts about these visitors, as the better you can know your potential rental clients the easier you can cater to them! According to an article in Euroweekly News, the average person stays for around four days and spends €50 per day, not including their accommodation. The largest visitor numbers came from the UK, but there was a big increase in visitors from the US and Holland too and there was also a record number of domestic tourists this summer. There is a huge trend developing for people staying in apartments rather than hotels, which is great news for us and anyone who owns a property on the Costa del Sol but doesn’t live here all year round!

In our experience, whilst we have seen a steady stream of British visitors, we have also had a large increase in Northern Europeans.

The trend for higher visitor numbers later in the season is triggering the airlines to increase their winter routes, making it easier and cheaper for people to travel off peak. easyJet has announced it will be adding nearly 100,000 extra seats on flights running from Almeria, Seville and Malaga this winter season.

These 100,000 extra people will need somewhere to stay, so it’s up to us to give them some fantastic holiday rentals which they will love to spend time in over the winter season. An ideal winter holiday rental is not the same as the perfect summer pad, so here are the things that will make guests love your property over winter.

  • An open fire or wood burner and plenty of logs to burn
  • Some oil filled radiators, underfloor heating or hot air heating
  • A few rugs to make the marble floors more inviting
  • Nice kitchens where guests can enjoy cooking up a feast
  • Comfortable sofas with throws or blankets should it get cold in the evening
  • TV with British channels, some good movies and games to play
  • Warm bedding
  • Sunny terraces to enjoy breakfast or lunch al fresco

This all sounds like it gets freezing, which it doesn’t, but Spanish properties do tend to feel cold in winter even when it’s bright and sunny outside, so you want to make it feel as warm and inviting as possible and get this across in your pictures and marketing.

Also explain what’s going on near you during the winter period, or what you like to do. Include sports activities, hiking, mountain biking and quad biking, which is too hot to do during the summer – so they can make the most of the season. It’s also great to recommend lovely restaurants which don’t feel cold and bleak out of season, as many are terrible!

Let us help you to get more holiday rental bookings throughout the year, or find you an ideal long term rental tenant. We are the Costa del Sol property management experts and can not only care for your property, but also make it highly profitable too, so get in touch!