One of the consequences that we are currently experiencing due to the situation we are experiencing as a result of Covid-19 is the stagnation or “stop” in tourist rentals, due to the insecurity that this pandemic has generated in foreign and national tourists.
The constant announced measures and the information that we receive through all the media, have slowed down our reservations. However, as we well know, the moments of crisis are moments of growth and requests have soared in long-term rentals.
Due to this situation and in the desire to obtain income that we see that they decrease considerably as the days go by, the trend is to increase rental prices.
This tendency what causes is the opposite effect to the desired one. When valuing a property, it is necessary to take into account not only the usual factors such as the state of the house, situation, standing, characteristics, etc. but the current situation of the market and at this moment the reality is that we reinvent ourselves, we look for work opportunities, we live unusual moments and we must adapt our prices.
Let yourself be advised by Loraine de Zara to help you value your property, because a market price is a secure rental.
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