this post was submitted on 13 Jul 2025
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Selling Spanish real estate looks to be tricky:
https://eupropertysolutions.com/property-debt-issues-in-spain/struggling-to-sell/
https://www.dw.com/en/spain-housing-crisis-locals-blame-tourists-and-speculators/a-72816676
https://euroweeklynews.com/2025/06/10/buy-or-sell-now-spains-housing-market-may-flip-in-2026/
So you have a combination of factors:
Locals don't have the income to buy a €1.4 million house.
Foreign investment is being told the market will be upside-down next year. :(
You might want to talk to a financial advisor in your country to figure out the best way out.
I guess, worst case, you hold and convert it to a rental property. Wait for the market to re-build, then sell it.
Oh, just to clarify, the house is owned outright with no mortgage, so at least we don't have any equity problems like the first article mentions. However... yeah, that's not looking promising. I'm inclined to think it's better to drop the price by €101K or so. Better to do that and get the money now, than get stuck with it for many more years while the market recovers. Do you think that could make sense?
We do have some rental income, but it's managed by the family friend, who only rents out to "nice families" she knows. We're half-booked for July and August. It drives me a little bit crazy that they resist doing a proper managed Airbnb in the meantime.
Honestly, I'd love to get rid of the property in hopes that we can then buy into something that WE control. I'd like to think I'm half decent at financial management, but to be effective, we need to actually have control. The family friend is a really nice lady, but she's no financial manager, that's for sure.
You could look for a local property manager. They take a cut of the rent and deal with the day-to-day aspects of renting out the house.
Hmm, that's a good idea. At least then it doesn't have to go through the family friend. I guess they'd take care of any necessary permits too. I like it!
Do you think it's realistic to try to rent out the property in low season as well (late fall, winter, early spring), or is this likely to be a predominantly summer thing?
I don't know much about Spanish tourism. Seasonal rentals in the low season will make less money. Seasonal rentals will also have higher costs for keeping the property maintained.
Depending on the location you could also try for long term rentals rather than seasonal rentals. Less work for you and your property manager but also lower monthly rent.
Given how climate change is impacting everything, other seasons are likely more appealing than Summer.
https://www.bbc.com/news/articles/c9dgqnndx9xo
"A new heat record for June of 46C was set on Saturday in the town of El Granado, according to Spain's national weather service, which also said this month is on track to be the hottest June on record."
46° (115° F) in JUNE! I don't even want to contemplate August.