First Property Choice Announce UK Property Owners in Marbella are Considering Long Term Rentals

Jan. 5, 2011 - PRLog -- First Property Choice the real estate sales and rental specialist have noticed a newcomer market when it comes to people placing their property for long term rental in Marbella. This way of renting was previously the preserve of Spanish landlords, who owned many properties in coastal areas and were happy to have the guarantee of year round rental income. English property owners in the Marbella area usually relied on holiday or short rentals where the prices charged would be much higher, however the regular flow of money would not be the same. Property owners from the UK have now realised that there are considerable benefits to letting your property long term and are therefore capitalizing on the current appetite for long term rentals in the Marbella and Estepona areas of the Costa Del Sol.

"This is a relatively new concept for British property owners here in Spain, " comments Lea Graham, representative for First Property Choice. She continues, "long term rentals are ideal for the owner who wants a regular income from their property, rather than sporadic holiday lettings." She finishes, "the other benefit to the owners of properties being let out on a long term basis is that all the utility bills are covered by the tenants and this is often overlooked when working out your net profit from holiday rentals."

Although Spain has long since been regarded as a popular tourist destination, the emergence of other, possibly cheaper places such as Bulgaria and Egypt have impacted the holiday letting sextor of the market. First Property Choice see this as a major factor as to why English owners are now looking for a more stable income source and seeing what many Spanish landlords have been capitalizing on for years.

# # #

To view the current selection of properties First Property Choice have available for long term rental view
http://www.firstpropertychoice.com/portfolio.aspx?portkey...