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EU Property Solutions- Experts in all Spanish property issues

EU Property Solutions offer professional assistance and advice in all areas of European property in particular, Spain. We can help provide strategies and solutions to solve problematic property issues, negotiate with lenders on debts, help reclaim lost deposits on unfinished developments and help with repossessions and mortgage arrears across Europe. We have offices in London, Belfast and Spain.

Will I be receiving no rental income in 2020?
18 May 2020 @ 10:41

Following the UK confirming that those returning from overseas travel will have to Self-isolate for 14 days, the Spanish Government has followed suit imposing the same restrictions.

With this in mind, the question is - will you be receiving no rental income in 2020?

This year’s Summer Holiday season may well and truly be cancelled. 

If you are reliant on rental income to support:

  • Your mortgage payments,
  • IBI taxes, and
  • Community Fees on your Spanish Second Home -

The above will see you face increasing pressure to top-up payments from your home income.

Speaking with a local Costa Del Sol Agent:

  • It was confirmed that many Second Home Owners will take on long term rentals but given supply, these rental agreements will be very low in income.

Furthermore, many will be left without employment & may fall behind on their rent.

Second Home headaches are stressful enough in more positive times, but in these trying circumstances, they can be a real burden.

There are ways to end this burden in an effective manner without the need to travel to Spain.

Especially if the mortgage is greater than the true market price and the associated selling costs…which can be as much as 12%.

Thanks for reading guys!



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