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Good News for Rentals

News from our colleagues at Kyero.com

¡Hola!

In last week’s Spanish property news, the demand for holiday rentals soars.

Last year in Spain, bookings for private holiday rentals were reported to have grown by 25 percent. In such a bourgeoning market, buy-to-let investors are also growing and it is increasingly important that owners are aware of the new legislation being enforced on holiday lettings.

The legislation varies from region to region, mostly demanding that owners obtain a licence permit for their property from the local authorities; however certain regions are prohibiting any private holiday lettings entirely and many are placing certain restrictions on them.

Our friends at Spain-holiday.com have just published an updated summary of the current legislation, with all the information you need to know today. If you’re thinking about renting your home on a short term basis, we recommend you start by reading the summary here.

In other news, TINSA have revealed their 2014 house price index. According to the Spanish property appraisers, house prices fell by 3 percent during the last 12 months, a not inconsiderable recovery following the 9.2 percent drop in 2013.

The slowing fall in property values is coinciding with a much needed increase in Spanish buyers, a third of whom bought properties without the need for a mortgage in 2014, and contributed to a strong rise in house sales as the year progressed.

Zoë Males

Zoë's love affair with Spain started when she was an au-pair in her teens. After a challenging experience, and being rescued from the family by a old family friend she spent the next few years trying to get back to Spain. Which took a few more years then planned, in 2004 she drove her kids down in a VW camper van and her Spanish journey started again, moving to Olvera and helping set up Olvera Properties in 2004, she bought the business fully in 2009 and has been helping people buy Property in Southern Spain now for over 15 years. She now spends her time going between Olvera and Wales. ! After a few months searching (and making a few mistakes!) She discovered Olvera. After driving through sunflower fields to Olvera, and being dragged round by umpteen people and shown in the blistering sun 9 houses. Zoe couldn't remember what she had seen, but decided to go with the first house she saw (maybe the only one remembered?!) Since that first home in Olvera, Zoë and has bought and renovated houses in Olvera and Pruna and continue to love the area and the people here. Everybody is so friendly and welcoming! Zoë's love of old houses, architecture and photography are evident in how many photos she takes of each house...even if its a ruin. Her dedication to her clients, neighbours, family and friends is evident throughout the town she has made her second home, Olvera.

Zoë hopes to help you find your perfect home in Andalucia, and be with you all the way through to holding your keys to your new life in your hand, she's always on the end of her phone if you need anything 07969 450 206.

Email Zoe at info@olveraproperties.com