Property/ tourism

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This topic contains 6 replies, has 5 voices, and was last updated by Profile photo of Inez Inez 8 years, 11 months ago.

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  • #53555
    Profile photo of Anonymous
    Anonymous
    Participant

    Do any of you think the current and impending property situation will have an effect on the levels of tourism on the CDS? good or bad

    Chilly 8)

  • #77004
    Profile photo of Anonymous
    Anonymous
    Participant

    Who knows? Price right for the right place and you’ll get bookings.

    It’s jan 8th. I’m booked until March 18 and then have another 5 weeks booked for the rest of the year. Better than last year at this time. Last year most of my enquiries and bookings came with the rain and floods of June and July!

    Pricing has to be keen though.

  • #77006
    Profile photo of Anonymous
    Anonymous
    Participant
    ashtondav wrote:
    Who knows? Price right for the right place and you’ll get bookings.

    It’s jan 8th. I’m booked until March 18 and then have another 5 weeks booked for the rest of the year. Better than last year at this time. Last year most of my enquiries and bookings came with the rain and floods of June and July!

    Pricing has to be keen though.

    What is a keen price? I am asking from the renter position, what is the best price to be paid for a 2 bedroom apt. in your area?

  • #77009
    Profile photo of Anonymous
    Anonymous
    Participant

    The tourism in CDS, is not affected by the price of the properties that you buy & sell.

    In the coming year what will matter as to how Europe feels about the economics, confidence, interest rates etc.

    It goes without saying that the price has to be right.

  • #77016
    Profile photo of Inez
    Inez
    Participant

    Rentals are a cycel – not everyone goes to the same places year in year out. And many go to rent in the country they have bought! I had my best rental years 5 years ago when people who bought property came out to ry it out. As th agents have told them what prices they would be getting as owners, they were happy to pay as rentors.

    Shame they diluted the market and got prices lowered and oversupplied!

  • #77047
    Profile photo of Anonymous
    Anonymous
    Participant

    It’s easy to seek keen pricing and silly pricing. Take a look at:
    holiday-rentals.co.uk
    holidaylettings.co.uk
    ownersdirect.co.uk.

    Prices in Frigiliana would have to be 30% to 40% lower for me to buy another unit. Can’t see it happening, but i’ve got the readies just in case and don’t need a mortgage – ready to pounce as soon as i can see holiday rentals giving me a decent return again.

  • #77050
    Profile photo of Inez
    Inez
    Participant

    I doubt that in general you will ever see big rental returns, there is just too much supply and many of the people who used to come on holiday now own, use their property and so do their relatives and friends.

    It is possible to gat a healthy return but it has to be worked at. Just putting it on websites wont do it.

    The most succesful people I know at renting are a consortium of friends who pool money then buy a property somewhere in the world. They allocate themselves certain times to use it on a rotating basins and the rest of the time it is rented out. They put posters up in their place of work and as they have bought at original low price, they keep the rental down to cover running costs, cleaning, and the fees associated with the property AND make a profit which they plough into the next property.

    Its doing really well and I dont know a time in 5 years when theplace has been empty long enough to paint it!

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