Landlords Reluctant to Drop Rental Prices on Spain’s Costa del Sol

The Costa del Sol in Spain is still experiencing a massive drop in tourists visiting what was once Europes favourite holiday destination.

There was much excitement recently as the EU and the UK agreed to scrap the so-called “air bridges” that were going to apparently assure the safety of travellers between “green zones” across the globe, almost 70 countries were included in the list, so was Spain.

Bearing this in mind, and also the fact that Uk schools are seasonally closed, where are the tourists? This lack of sun-seekers has a massive knock-on effect of every part of society, with no work people can’t pay their rents, with no rental income landlords can’t pay their mortgages- so why don’t just lower the rents?

The fact is, they, the landlords, have expenses too and will accumulate overdraft charges on their loans, some rely on the rental of their properties to provide an income in Spain so whatever they do will lose them money.

Should landlords lower rental prices?

A local costa del sol resident took to social media, which is full of debate on the subject, to express his concerns over rental prices.

Jamil-Facebook said: