04 Jan 2007 12:00 AM:
I'm cheating a bit here - being fairly new to forums and stuff, I originally posted this on the 'Licence of First Occupation' section because that was what I was looking at when I decided to post my question. As I said, I'm quite new to this! The thread (hey, I'm getting with the terminology) is in totally the wrong place, so apologies Justin, I've repeated it here in the hope of getting a reply.
Anyway, what I posted was...
We are shortly due to complete on a two bed/two bath apartment in Princess Park, Calahonda and yes, we are among the many suckers who thought that investing in an off-plan Spanish property was the answer to the abysmal performance of pension funds. Wait for a couple of years and then turn it for a nice profit. That was three years ago and how things have changed! Having totally depressed myself reading about the sales market, the only option seems to be to rent and hope that the market will sort itself out.
This is an excellent site and I've learned so much, but I haven't found any comments about the state of the rentals market, either short- or long-term. There are a couple of very good articles on short-term and long-term letting, but neither gives any indication of whether business is good or if a zillion owners are chasing a small bucket of tenants. With so many apartments and houses standing empty, surely that must result in many more owners entering the rentals market?
On the same subject, can anyone recommend a good property management company that would also handle the advertising, bookings, etc? My agent is steering me towards Bridge Holmes International - any comments?
Additional question - Is a combined letting/prperty management agent the best solution or do you get better results some other way?
Alan
Thread:
State of the rentals market
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