Rent To Buy

I got an irate call from a competitor and friend (yes that’s what I said, we enjoy friendly competition and co operate as well from time to time!) who got the wrong end of the stick in last week’s newsletter warning of the perils of “guaranteed rentals”. She thought I was criticizing “buy to rent” which is something she recommends. Nothing could have been further from my mind because in today’s market “buy to rent” is an excellent idea.

Everyone knows that Spain has for a long time been a popular destination for holiday makers and in my experience hard economic times are perversely good for Spanish rentals. Why? People still want their holidays, they still want guaranteed sun but they don’t want to break the bank. So good bye Maldives, hello Spain! I used to own apartments in Estepona and the best rental year I ever had was in the depths of Mrs Thatcher’s recession! No one booked ahead, everything seemed to be last minute but we were nevertheless packed for months on end. Many of my friends involved in holiday rentals in Andalucia are experiencing the same trend this year, making buying a home in the country a genuine investment opportunity.

There is also a very strong demand from people nervous of making a commitment to buying who are instead renting long term. If you are looking to invest this is a perfect situation; good, committed, tenants who should be buying but haven’t got the courage to invest themselves so instead pay you! It may seem a bit daunting to go against the trend but that is how you make a successful investment; the same herd (flock?) that is afraid to invest at the bottom of the market is the one that can’t pay enough at the top!

I have tried to include some good renters this month along with the usual new listings, price reductions and bargain deals but if you would like to discuss buy to rent in greater detail please get in touch any time.

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Email: bill.tickle@tickle-international-property.com