Prices are decreased on holiday rentals in Madrid

In our previous articles we explained, that because of the crisis, has changed the profile of the people who rent their homes. We also said that, in many cases, the apartment owners do it to survive, because if they rent their home, theowners get extra money to help them pay their mortgage and to offset that income they once had and now not and they need it more than ever.

We also talked about which has grown enormously in demand for this type of seasonalrental. More people, prefer to be more travellers than tourists, and want to know the place they visit thoroughly, living the experiences the local people have. Renting an apartment instead of a hotel room, offers many advantages , mainly more space and freedom , and more amenities.

This, coupled with the increasing availability of websites offering holiday apartments for days, weeks and months, has favored the increase in this form of travel.

But to fully understand this change, we can´t forget the price factor.

The price plays a key role in this dramatic increase in demand for rental apartments. And the fact is that the prices have dropped significantly.

If we compare the prices at which the apartments were rented in Madrid (but not only in Madrid) 4 or 5 years ago with the prices that are now offered, we see that although the cost of living has risen sharply, the apartments are rented much cheaper.

But, are they really cheaper?

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Yes! We, that started this activity from 2004 in Madrid for Rent, we can assure that prices have fallen by up to 50 %!

More Apartments for rent short term? Higher quality at a lower price?

It seems incredible, right? But it's true!

We could think that the apartments offered are of lower quality. But it is not like that: it has also increased the quality and equipment of the apartments.

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So how does explain this fall in apartment Rental prices? Very simple: the competition has increased. Demand has grown, yes. But as the supply is so large, the owners have been forced to lower their prices, while offering higher quality. It's just the law of supply and demand ... in times of crisis.

Of course, not all apartments are the same, not all offer the same level of quality, or cleaning . And not all owners offer the same level of attention.

So now more than ever, it is essential to choose the right website where to book your apartments.

And this is the subject of the next article. See you!

Why the Demand of Short Term Apartment Rentals is Growing

In our previous article , we talked about the main reason why many owners have decided to rent your home, which is simply to get money to pay the mortgage on your floor.

We are in difficult times. Almost all of us have a lot of things to pay, a lot of expenses. And in the good times , we could easily cope with all our payments. But now that everything is complicated , our revenues are down, and our debts have grown , we have no choice but to use our own resources, not to make more money , to meet our commitments to the banks.

From the point of view of the owner , who is who is renting their home, it is quite clear : he wants to earn extra money , because he needs the money to pay its payments.

But how to explain that demand among travelers has grown? Why do so many people now prefer to rent a house or a private apartment, instead of renting a hotel room with all the amenities , as he had until recently ?

The answer is clear , but not easy to explain because many factors come together :

UNIQUE EXPERIENCE

The first thing we get when we decide to rent an apartment is that we feel masters of our fate . We are the one who choose where and how we want to stay . Our experience will be unique !

When we rented a room in a hotel , we really do not choose. The rooms , however well equipped, are all exactly the same , they are not personalized . The attention , although is all right and friendly as possible , it is not staff. Because we are just a customer, other tourist.

However, if we rented an apartment , we are free ! We are free to choose the area, the price, the apartment´s features , design and decor ... and even we can choose the apartment owner!

We will talk about this in detail in our next article . About why it has grown so much demand for apartments and private homes . About what advantages we obtain when we rented an apartment instead of a hotel room .
And, as we have suggested you many times, if you want to live an "unique experience" in Madrid, do not forget to have a look at our website where you can book online our selection of Apartments in Madrid Centre. Feel free to ask us any question about the area or about the apartments themselves. You know we know well Madrid, and that we know personally the apartments in our website. That´s what makes us different!

When the rent pay your mortgage

In these times of crisis we must sharpen their wits to get ahead. Banks do not forgive .

All of us , or nearly all, have mortgages and the work or , better said the income , is scarce. Even if we are one of the lucky ones who earn the same as a while ago , the money does not reach us . Everything is much more expensive : from light, to taxes , to the food, which is basic and necessary !

And what do you do in this situation?

So, in this situation of uncertainty , many Spaniards have chosen to rent their home. And hence sites like Airbnb proliferate on the Internet .

And, this phenomenon occurs not only in Spain . Many citizens of countries considered until recently as "rich" countries which , either for survival or for extra money, have chosen to be the ones that move from their home. They move between booking and reservation. Their home is their friend´s  home, or their parent´s home  , just to be able  to pay your mortgage debts , or just to have money to eat .

What do you think of this story ? Are you one of those owners who rent their home to cope with the cost of the mortgage?

We will deepen this topic , because it has a lot of substance ... and much to discuss . I think !

And if while you rent your home, you need a seasonal rental in Madrid, do not forget to visit our web www.homesfortravellers.com. Our apartments are fully equipped  with everything you need to live. All you need to bring your personal stuff!