Summer 2020

Hi All

Just wanted to find out what the general consensus was with regards to rentals this summer. What are property owners doing about rentals? Are you waiting until the last minute to see what happens? Cancelling all rentals? Offering deposits back or rolling over to another holiday? Or keeping deposits, to help in someway to cover costs?

Any advice would be welcome.

Thanks

E

A strange question. Property renters in Spain will have to abide by government laws, as and when they are imposed. Apart from that renters can do as they wish, each to their own ** EDITED - Against forum rules **

I think the chances of rentals from other than Spanish this year will be slim. Who are your customers, Spanish or Brits? If Spanish, it all depends on what direction the Governement take regarding the lockdown. They may open up personal movement for residents, while still keeping the borders closed. Talk to them, people like to be kept in the loop and are usually more receptive to someone who keeps them informed. A lot of Spanish will book from mid May onwards, so still time to consider your options. If you have non residents booked, then they will possibly have flights booked which may or may not have been cancelled. If the flights have been cancelled, you can offer alternative dates as they probably haven't got a refund from the airline yet, they may decide to move their flight and would be grateful to know you are flexible.

I think if you decide to keep the deposits, you can expect to receive a lot of denuncias and bad press. It all depends on your scruples at the end of the day.

Whenever lockdown ends and borders and flights are open be prepared for a financial shock. The governments (tax income), businesses, airlines, holiday rentals and all the rest will want financial catch up. You will pay double the price for a flight and a holiday rental, it will be take it or leave it, please yourself.

No doubt income tax and most likely VAT will rise, maybe a small amount,  that will have the knock on effect of pushing up prices on almost everything that we purchase, from holidays to personal items, no government can give away the amounts they are now without some payback sooner or later,  give us a penny but will take back a pound, we all know that.

It wont be any good saying if flight tickets double, rentals rise,  okay we wont use them, someone, somewhere will pay and that sets the bench mark.

If we think we are in strange horrible times now wait until this is fully over.

Perhaps some don't know this but in the UK if you are a small business, with a rates value of, I think less then £1,500 a year, your business is rates exempt, you pay nothing, then because of this you get a government grant of £10,000, you cant refuse it, now presume you told them no way, and did refuse it, would they still give you rates exempt status after this is over, due to many others taking the grant, doubt it, so its pay back time all around.

Only an opinion, I can see Spain open to the locals and at most, people who have a 2nd home in Spain with proof of an NIE number {for example}, but again an opinion. I honestly can't see the Uk been aloud to travel within europe.only because there seem's to be a lack of trust in the governments response to covid19

You could be right Fhanrah, but as you say only an opinion. Even when lockdown does ease it will probably be due more to financial than heath reasons. A lot of people have some strange understandings ‘’Oh lockdown has eased, the virus has disappeared’’ get the credit cards out and book flights and a holiday rental, sod the cost.