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One of the most common criteria for overseas buyers of Spanish property is the need for an open (or uncovered) terrace, ideally facing south-west……to soak up as much sun as possible….until as late as possibly in the day – phew, makes me hot just thinking about it!
Of course, it’s completely understandable in one sense – one of the main reasons to purchase a property in Spain for most of these buyers is to escape the harsh British and Northern European climate. But do these buyers really know what they are letting themselves in for?
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There are many owners of Spanish property who are keen to generate a rental income from their holiday home in the sun.
With the threat of recession, and the shadow of the credit crunch over all of us, even those owners who had never intended to rent out their properties are seeking an income in order to assist with servicing rising mortgage repayments.
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