PROPERTY IN SPAIN STILL THE FAVOURITE FOR SECOND HOMES!
Second homes in the sun may be down as the credit crunch bites. However villas in Spain are still the Brits favourite choice for holiday homes in the sun. Click the link above and you will find a lovely villa for rent in Murcia on a top golfing resort.
Villas and appartments have been bought as investments for quite a number of years now but more and more people are buying them purely for their own and their family's use. The cost of maintaining holiday villas is always more than you budget for. Even in Spain the management charges to maintain a villa when it is not being used can be quite exorbitant. Local council tax, community charges and personal wealth tax all add up and with the mortgage rate rises in Spain nearly as steep as in the UK buyers need to be made more aware of what is really involved.
This makes the idea of renting villas in different locations each year more and more attractive. No hidden costs and somebody elses' problem.
Happy hunting!
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