Renting out a holiday home when you’re not using it is a fantastic way to earn a second income stream, but it needs careful planning. Most guests are respectful, but you can occasionally run into someone who causes problems – which is why holiday home insurance in Spain is so important. But what does it cover, and how much does it cost?
As they say in Europe these days, you can’t have your cake and eat it. (The Spanish equivalent of the saying is “you can’t be at mass and ringing the bells”). Or can you? Buy a home in Spain and your money will be safe in bricks and mortar earning you capital growth or rental while you’re enjoying “free” holidays. Here are a few more ways your Spanish home will be paying for itself while you’re enjoying it.
It is only comparatively recently that the various Spanish Autonomous Regions have introduced tight rules for rentals, especially holiday rentals. It was necessary to ensure the high standard now expected by tourists. Many places which were advertised had no basic amenities such as air conditioning or ceiling fans. Some had no natural light in bedrooms and fell below the expected safety criteria. Today, we explore the major rules for rentals in Spain.
A holiday home’s a fantastic choice for the whole family. As Richard Way, owner of a Costa Brava villa, tells us, having one is ‘a treat that many families look forward to coming back again and again’. That’s not all, however. Another huge advantage over spending money on hotels is that a holiday home can actually make a profit for you when you’re not there. The Spanish holiday rental market’s extremely strong, with the country welcoming 82 million visitors last year. Plus, services like Airbnb make renting out your property simple – connecting you directly to renters. Today, we’re investigat
Since neither the British government nor European ministers are ready to talk, for the British in Spain, life is continuing much as before and British interest in buying property in Spain remains strong.
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