SPAIN STLL NUMBER ONE DREAM HOLIDAY DESTINATION IN THE EU

SPAIN STILL NUMBER ONE DREAM HOLIDAY DESTINATION IN THE EU

Regardless of high unemployment rate, which is 26%, Spain remains one of the favorite countries for a many oversea investors, that are looking for a holiday home in Europe.

According to the latest figures, Spain has been named as the best EU destination for investment, as it remains a dream location for several tourists.

Eurostat’s analysis found that 13 % of the count of European outbound  trips made 2011 was to Spain. With Italy and France on the second spot, with 9% each. These stats include only tourists who live in the Euro zone, and the actual variety of visitors from all over the world, is likely to be much higher.

Spain, apart from gaining most of the Western traffic, has also been identified as the preferred location among English, Italian, and Portuguese visitors. While visitors from France make up for 18 % of Spain’s EU-tourism market, English tourists count for 21 %, and Portuguese tourists were 39 %. These numbers create for an excellent reading for the Spaniards, considering the harsh periods they have faced over the years, due to the recession.

Tourists Turning into Investors 

Spain’s tourism industry is performing well even in periods of economic recession. Several visitors who visit the country are often fascinated by the low prices of some of the beautiful luxury properties. Many traders have been setting their attractions on the holiday and resort market, as the results are guaranteed to be big. Popular demand and low costs are pushing residents to sell off their properties, and investors are confident  to make the most of this opportunity.

Research suggests that many overseas investors have begun capitalizing on Spanish real estates assets. The country’s Ministry of Development released a report, which showed that foreign buyers increased their real estate investments by almost 14% during 2012. There have been 6,336 million Euros worth of real estate transactions completed on homes and apartments in the country during 2012, a surprising rise compared to the 5573 million Euros generated through property transactions in 2011.

Strong Market Performances may Aid Recovery

Market activity was quite powerful during the ultimate quarter of 2012. Overseas investors bought 47 % more Real Estates in Spain compared to the final quarter of 2011.  The Market is showing sign of recovery after a constant increase in property transaction for the past six quarters in a row.

Areas such as Alicante, Malaga, Madrid and the Balearic Islands have been gaining plenty of interest from overseas. However, places such as the Costa Blanca and Costa del Sol are offering some beautiful beach properties for incredible low prices. Investors who are interested in Estates by the beach are entering the market and purchasing property assets on the coast.

Even resorts and hotels close to the coast  are getting more inquiries about their accessibility, indicating that the tourism industry can contribute considerably towards the restoration of the Real Estate market