So long, farewell, auf wiedersehen, goodbye
The Partners of BonaSOL SC are very sad to announce that we will cease operations at the end of the 2023 season. The reason for this is very simple; BREXIT. The decision by the UK to leave the EU continues to bring one added cost after another, and closes doors that were previously open. In short, leaving the EU is probably the single most damaging decision the UK has taken – ever.
We used to manage properties owned predominantly by UK residents. Now that UK residents are taxed as 'third country' nationals, and with no pre-tax allowances, renting into the holiday market is no longer economically viable. Add to this, that UK property owners can enter Spain only because they own property, but their friends and family members cannot. They enter Spain as tourists, and as such can only stay in licensed accommodation, like hotels – so they can’t use the family property. Don’t just take our word for it, read the official government publications.
There are more restrictions coming next year, the Paris Olympics is now the intended launch date for the new EU 'entry and exit' stystem (ETIAS). Yes, it has been delayed twice but only because of technical reasons. It is still happening. The impact on this part of Spain is clear to see, and you can trace all that back to BREXIT.
We prided ourselves on offering a first-class service, but whilst we still have an enormous demand, and many people chose to re-book with us, but we just don’t have the properties to offer anymore.
We would like to thank all our clients for their support over these past years. In time, perhaps some of the BREXIT arrangements may soften, Spain is certainly loosing out just as much as the UK. However whilst we might hope that things may change it is not something that can support a business plan.
All our websites are hosted by GreenGeeks who use 100% renewable energy to run their data servers. GreenGeeks matches 3 times the amount of energy they consume from the grid in the form of energy credits. We even have a tree planted in the name of our hosting account!