Tuesday, November 25, 2008

Alicante a highly sought-after destination

The Spanish province of Alicante has come top of a list of the most popular investment spots in Spain, a media outlet has revealed.

The TypicallySpanish website has said that nearly one in five people who permanently reside in the region are expatriates from overseas. The website added that the region is ideal for family holidays, especially due to its favorable weather conditions along with its relatively low property prices.

A survey by Kyero.com found that the province of Alicante, was the favourite option among overseas buyers entering the Spanish market. This was largely attributed to the accessibility improvements in the region. The website further added that the main difference between being the number one destination in Spain and number four is keeping the journey time to and from the airport under an hour. Also the introduction of new flights is likely to lead to extra interest in the region among foreign property buyers.

In addition, international visitors were told that Alicante had a wide variety of leisure facilities, making it good for both holiday home owners and investment buyers. ThinkSpain stated that areas including Alicante and Murcia are basking in winter sun, leading many to spend the day on the beach.

In related news, a study by Abbey highlighted that Brits will spend up to £8 million jetting off abroad to avoid the winter blues, which could be good news for people with property in Alicante.

Monday, November 24, 2008

New trends in Spanish golf developments attracts investors

The combination of Golf facilities and designs by prominent architects is proving to be a growing trend in Spain, a media outlet has stated.

The International Herald Tribune cited the study conducted by the KPMG Golf Advisory Practice reported that the sale of property around golf courses generated more income than golf-related activities in 2006. The study revealed that investors are prepared to pay up to a 30 per cent premium on a property located in the vicinity of a golf community or golf resort.

Homes Worldwide revealed that golf tourism is one of the fastest growing parts of the Spanish tourism industry and is generating about €10 billion a year. Liz Savage, scheduled division managing director of Fly Monarch has said that Spain and Portugal are the two most-popular playing destinations for those who enjoy the sport in foreign climes.

For example, Spanish Nuevo Portil development on the Costa de la Luz has an 18-hole golf course designed by Alfonso Viador and has a variety of one and two bedroom apartments and penthouses. Furthermore, restaurants and holiday homes are also being created, a development which has attracted foreign investors to the country.

Spain's popularity for Golf is a consideration for those buying property in Spain as locations close to major golf courses could increase interest in their developments.

Tuesday, November 18, 2008

El Rompido - Ramblers tranquil walking holiday!

Overseas property investors are increasingly seeking possible opportunities in the fishing village of El Rompido, according to a local expert.

The fishing village of El Rompido is one of the most tranquil and unspoilt spots on Huelva's Costa de la Luz. Eight kilometers from the nearest town of Cartaya, El Rompido itself has bars situated on the waterfront, several restaurants and a campsite. This is a fantastic and relaxing holiday that manages to offer a mixture of easy rambling, a little sightseeing and history, some flora and fauna.

The Spanish National Tourist Board recently selected the Costa de la Luz village as the face of its new promotional campaign and is using the tranquil picture-postcard beach of El Rompido in Huelva in an international print advertising campaign. Andrew Benitez, from Titan Properties, has said that the promotion of the village on an international campaign will bring "much-deserved attention" to the area. This is likely to lead to an influx of extra visitors, which in turn will push up demand for rental accommodation in the area.

This comes after the news that The Times has reported that the Ministry of Housing claims the property prices increased by 0.4 per cent in the year to September.

Sunday, November 16, 2008

Spain offers lifestyles and environments suitable for all

Overseas property investors looking to buy property in Spain could get some "promising" deals or lifestyle benefits, according to a property expert.

Ken Walker from First Class Mallorca Speaking to the Liverpool Echo said that Spain offers lifestyles and environments suitable for all. Spain offers an overwhelming choice from comfort and treats in Mallorca to dazzling scenery and beaches on the Costa Blanca. Mr. Walker cited that Calpe is a jewel in the Costa Blanca's crown for its easy access to Alicante and Valencia airports.

He added that Mallorca is perfect for Expats seeking rustic living with the chance to live off their land with beautiful beaches, Warm weather and spas. Shelteroffshore.com advised buyers to see different areas at all times of year to ensure the right choice is being made.

Costa del Sol is also known as 'Costa del Golf' and property prices have appreciated by as much as 30 per cent in certain areas in the last three years. The Times reports that it could receive further boost next year from a new golf tournament to be held in Valderrama in the last week of October 2009.

In related news, the report by Conti Financial Services found that almost one-third of enquiries are related to either France or Spain which revealed that Spain is still the most popular choice for property hunters.