There has been a lot written about the state of the Fly to Let investment market in Spain recently in light of the weakening of the pound.

But specialists claim recent figures show the Brits enduring love affair with Spanish property does not seem to be abating and another cash injection by the government to boost tourism is expected to continue to attract Fly to Let customers.

At the beginning of the year Skyscanner.net revealed their top 10 most searched for destinations by UK visitors for travel in 2009 and Spanish locations including Malaga, Alicante, Tenerife, Palma and Murcia secured five of the top 10 spots and nearly a quarter of the top 50.

The Spanish government is well aware of the importance of the tourism sector to the country's overall economic health accounting for approximately 11 percent of jobs and GDP.

An additional €600 million is being allocated in 2009 to help the tourism industry face global competition in addition to the €400 million allocated and spent in 2008. The funds will be used to upgrade and modernize existing tourism facilities and it is hoped that the projects will provide much needed employment, especially for those construction workers made redundant through the collapse of the property boom.

One area receiving significant investment is the Costa del Sol. Dubbed the 'Playground of Europe' this stretch of Mediterranean coastline has for nearly 50 years been a focal point for visitors seeking sun, sea and sand. And now over €5 million is being invested by the Spanish tourism authorities to upgrade 12 beaches stretching from Torremolinos to Casares, with new shower facilities and lighting being installed as well as promenade construction and maintenance.

Recent surveys such as the Jan - Feb 2009 statistics from overseas property portal PropertyIndex.com support this with data revealing a 26 percent rise in searches for Spanish property compared to the same period last year.

Julia Norton, sales manager of the new Champneys Marbella resort, said: “Having worked in the Spanish property market for nearly a decade I firmly believe that Spain is an enduring market and has something for everyone. Britons have an affinity for this country and many still see it as a viable alternative to recession hit Britain.

“I have seen however that buyers demands' are changing; with such a glut of property stock available buyers are becoming far more selective about what and where they purchase. They are looking not necessarily for cheap, entry level properties but for value for money, for well constructed, well located homes with potential for return on their investment.”

© Fly2Let.net Ltd 2011 l Terms of use l Contact l Free Subscription l Webmaster
Brazil l Bulgaria l Canada l Cape Verde l Croatia l Cyprus l Dubai l Egypt l France l Germany l Hungary l India l Italy l Morocco l Portugal l Romania l Slovakia
South Africa l Spain l Thailand l Turkey l UK l USA l Other Countries
Investment Property l Off Plan Developments l Ski Property l City Apartments l Golf Property l Beach Front Property l Land Investment
Cheap Flights l Car Hire l Property Finance l Property Insurance l Travel Insurance l Property Maintenance l Overseas Removals l Currency Exchange l Exhibitions & Seminars