The
number of people wishing to own a property in Spain continues
to grow and far outstrips what is available. A recent
Spanish report showed that some 30.000 properties were
sold on the Costa del Sol in 2002. The indicators lead
to an estimated increase
on that of 16% in
2003. Properties have averaged
an increase of 30% p.a. over
the last 12 months. The story is similar for the Costa
Blanca.
We
at Costa
del Homes pride ourselves
on only presenting hand picked offerings for our investment
clients to consider. Selecting the right option is crucial
if maximum returns are to be realised. We also provide
a pro active back up to the investor client that is setting
new standards for the Spanish property market.
*(See
Investment Example)
RENTAL
INVESTMENT
Many
clients have built a portfolio of rental properties which on
average see them attain a net yield of 6-8% p.a. Due to the
popularity of the Costa del Sol and the Costa Blanca there appears
to be an endless stream of clients looking for quality Spanish
Property for long term and holiday rentals,
providing an ideal low risk investment opportunity.
There
are those people who will move to the area and rent for longer
term before committing to their own purchase. There are always
those people who would love to own but finances do not allow,
therefore they will rent. Holiday rentals continue to grow as
the space and independence of a beautiful modern apartment,
providing a quality home from home makes more sense than hotel
rooms. This type of rental is available not only in the summer
months but throughout the winter, as golfers from around the
world come to play our fantastic golf courses. It is also bolstered
by clients from Northern Europe escaping the harsh winter in
their own country to enjoy the mild climate here.
Rental
properties can be marketed by the owner via friends and
colleagues or via advertising media. Many clients though,
prefer to engage the service of a reputable
Rental
Management Company. Their
services can be comprehensive, from bookings, laundry
and cleaning to maintenance. All the client needs to do
is to choose what level of service they wish to have and
then the relevant fee is deducted from the gross rental.
We are able to recommend several leading Rental Management
Companies for your consideration, all of which offer a
professional service.