Re: Rental income

#68919
Anonymous
Participant

I bought a 4 bedroom detached villa in Ayamonte, it was a buy to let investment. After 1 year of advertising it on the web and putting it in the hands of an agent in Ayamonte I had not one person rent it even though I dropped the rent to 500 euros a month, yes that is right 500 euros a month and it seeps eight. So I sold it and bought a 2 bed semi detached house near my home in Devonshire and within 2 weeks I had let it long term for £500 a month. My advice is do not purchase a buy to let in Spain, there are already too many properties for rent.