Thursday, August 27, 2009

Inland Andalucia property is Spain's hottest new investment

Property in inland Andalusia is Spain's hottest new investment and demand has increased rapidly over the past year. Property in inland Spain has a great deal to offer as buyers are surrounded by the best of traditional Spanish life combined with contemporary properties.

Travel writer Tim Jepson has stated that the town of Gaucin is a particularly "astounding" location, with whitewashed homes, narrow streets and mountain views. He added that all this is "framed by craggy peaks, vultures wheeling overhead and surrounded by miles of sun-drilled hills dotted with carob, cork oak and shimmering fields of wheat", according to Daily Telegraph reports.

The cost of property in inland Andalusia is much cheaper per square foot than in coastal areas and offers exceptional capital growth potential as visitor numbers are growing year on year. Developers have been quick to meet demand for inland apartments in Andalucia and there are a variety of exceptional off-plan and completed properties on the market.

Transportation, shopping and leisure, have improved dramatically in the region. Traditional villages in Andalusia that were once cut off now benefit from new communications infrastructure. Buying a property in the region at current prices means investors can make the most of rising value in the future and take advantage of those looking to rent property in Andalusia.

Sunday, August 23, 2009

Brits are the biggest expat community in Valencia

The number of foreigners particularly Brits moving to Spain has raised in last 12 months. Brits are leading the way in the Valencian Community, with 135,005 residents in the autonomy, according to the latest statistics.

Meanwhile, Romanians make up the next biggest group with 128,097 residents. Valencia has become the region with the one of the fastest-rising immigrant population with a 33% increase over 2007, whilst other nationalities with a significant presence in the autonomy are Bulgarians, Bolivians, Moroccans and Italians.

The latest figures from the National Institute of Statistics (NIS) reveal that some 847,339 foreigners reside in the three provinces comprising the Valencian Community: Alicante (446,368), Valencia (294.846), and Castellón (106,125).

Recently, Valencia region tourist board has opened its first overseas tourism office in London, as Brits make up 45% of visitors to the region. Angelica Such, Tourism minister for Valencia said although UK visitor numbers are not as bad as they were in January and February, when numbers were up to 26% down year on year, June's figures were only 8% down on the previous year. She said about €2.6 million is being invested on promoting the destination in the UK. Joint trade initiatives and direct consumer advertising are proving effective.

Such commented: "We want to show our commitment to the British market by making Valencia more accessible than ever. By having a local office, we can give British visitors all the information they need to plan their trip to the region of Valencia."

Wednesday, August 12, 2009

Spain still popular with tourists despite the downturn

Owners of rental accommodations in Spain could find demand for their services remains very high this year. Recent currency fluctuations have led to a surge in bookings for non-eurozone destinations such as Turkey in recent months, but Spain is "performing well" in tourism terms despite the economic downturn and reductions in airline and tour operator capacity, according to the national tourist board.

Carmen Hernandez, market analyst at the Spanish tourist office in London said that the travel industry is showing "very positive results". She pointed out that Spain is seeing strong competition from destinations that do not use the euro such as Egypt and Turkey but is performing "really well" despite the difficult conditions.

Commenting on the marketing campaigns, Ms Hernandez said: "We want to emphasize the idea of how Spain is a home from home for British tourists”.

Paul Riches, sales and marketing director of YouTravel.com, described the country as a long-time stalwart of the British travel industry and one that is likely to remain popular with people from the UK for years to come. He added that this popularity with British holidaymakers is partly because it is a familiar location that is easily accessible from the UK.

This trend is likely to be welcomed by owners of property in Spain, who let out their homes depend on rental yields to generate returns on their investment.