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Great news for hotel operators on the Costa del Sol. After enduring a rain-ravaged winter and although we are still in the midst of a crippling recession, many hotels on the Costa del Sol are reporting that they expect to be completely full over the Easter period, compared to around 80% occupancy during the same period last year. Continue reading »
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To all those ´clever´ people who thought that here in Spain we were sat around twiddling our thumbs while all you holiday-makers stayed at home in the UK – YOU WERE WRONG! I know you expected the Spanish costas to resemble ghost towns (I wish!), but if my experience of the Costa del Sol was anything to go by this summer, then I think we´ve just had ourselves a little boom!
I´ve spoken to 3 independent experts specialising in renting properties on the Costa del Sol – these guys are honourable, well-established people, so are ideally placed to assess occupancy levels in comparison to recent years.
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I´ve been renting a property on the Costa del Sol for the last 6 months, having sold my lovely apartment in Rio Real in the 2nd half of 2008. Bearing in mind that I sold my place as the recession started to take hold, I was pretty chuffed that I managed to get the full asking price at the time, albeit I had to include all the furniture as part of the deal. The Spanish buyer had looked at over 40 properties in Marbella, and apparently fell in love with my place and didn´t want to change a thing.
So here we are in April 2009, we are at (or close to) the bottom of the Spanish property market, there are bargains galore, I have cash in the bank, I´m fed up of living in someone else´s apartment, so I´m ready…….ready to invest again in Spain.
