Will British tourists boost the Costa Blanca property market?

An estimated 2.5 million Brits will visit the Costa Blanca this year for a holiday, which could aid a recovery of the region’s property market.

Taylor Wimpey de España cited figures from the tourism council in Valencia, which revealed bookings by tourists from the UK are already up by 13 per cent over 2011.

According to the organisation, the 9.1 per cent rise in holidaymakers visiting the area last year helped boost the local real estate sector.

Marc Pritchard, sales and marketing manager at the firm, commented: “International investment into Spanish property increased last year by 27.8 per cent through to the end of September.”

He added enquiries from potential buyers of real estate in Spain have climbed by ten per cent so far in 2012, which bodes well for the industry as a whole over the course of this year.

Another region that may benefit from an increase in tourists is the Canary Islands, if a recent report by Holiday Lettings is anything to go by.

The company highlighted a 14 per cent rise in the number of people looking for a rental property in the archipelago during January, compared to the same month a year earlier.

Article Date : 05 March 2012, Posted by: Property ShowRooms.com

Golf Course at Llanes, Asturias

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About gustavop

Civil Engineer & Real Estate Consultant. Living in Asturias.

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