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Thursday, 5 September 2013
British love of Spain results in investment opportunities
The British love affair with Spain is generating many possibilities for investors wanting to get into the vacation let market . Taylor Wimpey Espana stated that , since tourism numbers increase , there are many probabilities for savvy investors to produce new revenue . Conditions are particularly suitable as real estate prices stay low and financing levels start to improve , albeit slowly . For budding property owners , this means profits can certainly be maximized on high-spec properties in the right area .
Information from Spanish tourism department statistics agency Frontur has revealed a record amount of foreign visitors arrived in the country between January and July 2013 . In the first six months of the year , 34 million arrived on Spanish ground , with the British leading the charge . That is the largest amount in almost 20 years and a 3 .9 per cent rise on 2012 . In July alone , 7 .9 million visited Spain , up 2 .9 per cent from the year previous . Of those , 1 .8 million were from the United Kingdom . France and Germany are also showing higher activity in the country , with 1 .2 million visitors each .
Marc Pritchard , sales and marketing manager for Taylor Wimpey España , said : "This arrives as fantastic news for the Spanish economy since tourism represents such a significant role in GDP . It is equally a encouraging sign for the EU as one as evidently consumers are beginning to feel more financially confident and are spending money on vacations abroad . Here at Taylor Wimpey España we have observed this confidence also stretch to the real estate market as visitors are looking into making their stay a bit more permanent in favored holiday locations across Spain ."
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