Christine Trainor (OP Columnist)
WELL what a year 2016 is shaping up to be!
It is certainly the year of the superlatives… not only is it the busiest summer for holiday rentals on the Costa del Sol, it also brings the most changes and concerns with the new rental laws and the Brexit result.
As yet, the UK has not taken any action to officially exit the EU, and when they do began the process there will be two years before they leave.
When that happens, sunny Spain will still be one of the best destinations for the UK, either as a holiday guest, owner, or a family wanting a lifestyle change.
So, how will all this affect owners of holiday rental properties in Spain?
For the foreseeable future there will be no change.
The main concern at the moment is the exchange rate, but this can go either way and the UK is resilient enough to weather this period well.
Reports from Real Estate agents say that the property market is still buoyant and as predicted, this is also proving to be a very busy summer for the Costa del Sol with accommodation bookings up by significant amounts, which is great news.
We are also busy helping our owners register their properties for the new rental law, assisting them with tax advice and helping them to ensure that ownership of a property in Spain is a good experience.
In a time of change, we would like to take this opportunity to reassure our owners that we will continue to offer the best service possible to them and their guests to help ensure the future remains bright, and whatever changes or decisions are made, we are always here to help.
Recent attacks abroad and the poorer Stg/Euro exchange rates have made for a much busier UK holiday season for Staycationers despite indifferent weather this year, and the large chain of CDS estate agents emails us weekly with its latest property reductions which suggests no let up in supply yet.