The Spanish property market has been in the headlines consistently throughout the latter half of 2007 and all the way into 2008. Media reports currently range from highlighting negative issues such as the over-supply of apartments in some locations which has had a detrimental effect on pricing, to the positive factors that make Spain a consistently popular location with property investors.

Spain remains the most popular overseas destination with British lifestyle property buyers and has been named the top holiday home investment hotspot of the year in a recent poll.

The country is currently very much a buyer's market with those who buy carefully finding themselves in a position of being able to own property and land where once their euros might only have stretched as far as a villa on a Spanish housing estate.

According to the Office for National Statistics Spain is the most popular destination for British Holidaymakers, with tourist arrivals from the UK continuing to rise annually. This creates a ready made market for Fly to let investors.

Despite some media reports which are choosing to focus on the decline in property prices in certain areas of Spain and a drop in the buoyancy of the Spanish housing market along the most popular Costas where oversupply has impacted the market, many reports are looking a little closer at facts and statistics relating to Spain's overall economy, the data from which actually support the nation's ongoing appeal.

According to the Organisation for Economic Cooperation and Development for example, Spain's macro-economy is performing exceptionally well and has actually grown for 13 years in succession; added to this is the fact that, historically speaking, when Spain's property market has suffered a downturn before it has been a brief period that has acted as the forerunner to a period of exceptional expansion and has been a period of time when wise buyers have bought in and bagged bargains!

In Murcia for example, one of the fastest up-and-coming areas of Spain it is possible to affordably own an entire estate rather than just a home on a housing estate.

The Casas de Lorca 5 acre residential project near the town of Lorca in the Murcia province offers buyers the chance to own a custom tailored villa with classic architectural features such as rows of arches courtyards or walls of glass located on 5 acres of land. These properties are for sale from £196,900 (EUR 265,000) for a 4 bedroom villa on a rolling 5 acre estate.

Mike Hamilton, a Director of Casas de Lorca, the construction company behind the Casas de Lorca project, said: “Our properties are for sale to the serious buyer who wants to own a part of the Spanish countryside and become a part of the Spanish culture.

“Our clients can enjoy living in a unique property which is custom finished to their personal specifications and which is designed to enjoy the amazing views from inside the house using walls of glass, glass walled courtyards, towers, arches and other architectural features which take full advantage of the views and the privacy to enjoy the outdoors which 5 acres provides.”

All homes at Casas de Lorca are within a 30 minute drive from the beaches of the Murcia province of Spain.

There are three international airports within an hour's drive of Lorca and a new major international airport to be built within half an hour of the town.

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