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Could the clouds finally be lifting on Lanzarote? After a year of successive double digit decreases in visitor numbers the rate of decline in tourist arrivals halved last month on this popular holiday island. According to the latest figures just released by the Spanish airport operators AENA, with the German market – Lanzarote´s second largest – even recording positive growth for the first time this year.
The latest passenger figures from AENA reveal that the number of foreign tourists arriving on flights to Lanzarote fell last month by ‘just 8.17%’ - a figure almost half that of previous months this year, suggesting that there may at last be signs of optimism for the many overseas owners of apartments and villas in Lanzarote.
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Although there are still plenty of vendors looking to sell their properties in Spain, we have noticed that the level of panic amongst these forced sellers that was previously evident has now subsided.
One of the reasons that some people are feeling a little more relaxed about their situation is that the historically low interest rates in Spain mean that their Spanish mortgage repayments have never been so low. So instead of having to service an unwanted debt with huge monthly payments, the blow has been softened and these payments have actually come down quite dramatically in recent months.
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Supposedly everyone that is selling their Spanish property is absolutely desperate to do so. They will all take offers……….silly offers of course, and they will open the doors to their properties in Spain day and night just to try and get rid of the things…….well, not exactly – there are still some vendors who actually opt to rent their Spanish property whilst still trying to market it for sale.
This is where things can get messy. Some owners who are trying to sell property in Spain, instead of leaving the property empty so that estate agents can get easy key access whenever they need to show it to a prospective buyer, actually prefer to rent the property to holidaymakers to benefit from the opportunities for the additional revenue.
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Most buyers of Spanish properties within communities love to have a view of the swimming pool within their grounds. This often particularly suits parents who can keep an eye on their kids from the comfort of their teraces, with their ice cold beer in hand, while little Johnnie and Rosie are trying to drown the neighbour´s kids in the deep end.
But bear in mind that if you are buying a Spanish property purely for the view of the swimming pool, all lit up beautifully at night, and you cannot stand kids, then you may be advised to steer clear of the place during July and August. This is the peak season for pool use in Southern Spain. For the rest of the year, the pool simply acts as a calm oasis, resplendent in all its glory.
