OFFSHORE INVESTMENT
season , it can be sitting empty for long periods of time . There are also regulations you have to comply with when renting short term and you must have a certificate to allow them to be rented . Like hotels , holiday rental owners need to ensure their guests fill in a form , take copies of their passports and register them at their local police station . Although most property management professionals will do this for you , this has put off some people from continuing with their short-term rentals . However , the long-term rental market is very strong , with a shortage of properties and high demand pushing prices up . COVID and remote working has encouraged more people to take the plunge and relocate to sunny places like the Costa del Sol . Many of these people want to try before they buy , so long-term rentals are really popular right now .
Although you ’ ll have to wait to use it yourself for a while , and the returns aren ’ t as high per week , it ’ s an excellent source of steady income , with little work required .