Spain has just seen its best summer for tourist numbers since records began nearly 20 years ago, with foreign sun-seekers fearing unrest in Egypt and Turkey and travelling instead to the Spanish coast.
A hefty 1.15m Brits took an autumn/winter holiday in Spain in 2013. Where tourists go, home-buyers follow, with the Costa Brava, Balearics and Andalucia – in that order – the three most visited regions, and British, French and German holidaymakers the biggest fans.
Those three nations, along with a surge in Belgian second-home buyers, and Scandinavians (Norwegian speakers are now prized assets for estate agencies on the Costa del Sol) represent the biggest foreign buyers in Spain this year too.
Anyone investing in Spanish property now is most likely doing so with the wisdom of hindsight and a useful touch of trepidation.
With tens of thousands of properties for sale, house prices still falling on a nationwide level (Eurostat showed a 10.2 per cent drop between April and June this year, compared with the same time the previous year, and some experts say prices are now back to 1999 levels) and the husks of failed developments littering the coastline and countryside, knowing which locations are prime and which property types or developments are likely to hold their value in future dips is vital.
So where best to look? CLICK HERE to find out...
Courtesy of www.aplaceinthesun.com
