Over supply leads to rental price drop
Feb 10th 2021, 7:49 am
#1
BE Forum Addict
Thread Starter
Joined: Aug 2009
Location: Costa Blanca
Posts: 3,143
Over supply leads to rental price drop
No real surprise especially given the crazy levels they had risen to
https://english.elpais.com/economy_a...al-crisis.html
https://english.elpais.com/economy_a...al-crisis.html
Feb 10th 2021, 8:41 am
#2
Forum Regular
Joined: Jul 2018
Location: Santander
Posts: 199
Re: Over supply leads to rental price drop
The authors of the report point out that this was mainly due to the number of tourist apartments that were placed on the traditional rental market. With coronavirus restrictions on travel, the number of tourists to Spain fell dramatically last year, meaning there was less demand for holiday rentals.
Feb 10th 2021, 10:15 am
#3
BE Enthusiast
Joined: Feb 2011
Location: South Wales and abroad
Posts: 788
Re: Over supply leads to rental price drop
Grant Shapps has advised brits not to book holidays at home or abroad 
Feb 10th 2021, 11:31 am
#4
BE Forum Addict
Thread Starter
Joined: Aug 2009
Location: Costa Blanca
Posts: 3,143
Re: Over supply leads to rental price drop
So more AirBnB owners will try to switch to long term renters...causing more over supply.
Existing renters cannot benefit because there is no provision to reduce the rent - unless they play hardball and threaten to leave.
Existing renters cannot benefit because there is no provision to reduce the rent - unless they play hardball and threaten to leave.
Last edited by spainrico; Feb 10th 2021 at 11:35 am.
Feb 10th 2021, 2:09 pm
#5
BE Forum Addict
Joined: Apr 2008
Posts: 3,171
Re: Over supply leads to rental price drop
If renters decide not to pay / cant pay anything theres not much you can do either , tough times .
