Tourism numbers in Spain keep rising

18 March 2008

Situated on the south coast of Spain, Murcia is fast becoming the number one destination in Spain to holiday and invest. Property prices are rising at a rate of 4% in 2007 and more is expected in 2008. Tourism numbers rose by a staggering 18%, but what does all this mean?.

The Ministry of Tourism and Commerce says that Murcia has far exceeded the national average of visitors to Spain with passenger numbers up by 23% to its newest airport San Javier and 20% at the port of Cartagena.

A leading expert from Principal International says “make hay while the sun shines, weve seen no shortage of investors in Spain and its not surprising with these statistics. Spain is still a popular place to invest and with the tourist numbers continually rising, Murica in particular is enjoying a steady price growth.”

With the European Central Bank keeping the euro interest rates at 4% for the ninth consecutive month, taking out an overseas mortgage to buy a property in Spain is still much cheaper than the UK. There is no doubt that Spain is not benefiting from the property boom of previous years, but that is why now is a good time to buy. Passenger numbers are increasing all the time with the opening of new airports and increased routes. Spain saw 58 million visitors last year and £5.2 billion was spent by UK tourists alone, excluding the cost of flights, how can this not be an investors market?.

The advice from Principal Intentaional is buy now and make it a long term plan, Murica in particular is the third most popular province in Spain to buy. Principal International is a recognised Polaris World agent selling luxury apartments and villas in Murcia as well as being able to offer a number of other properties in other regions of Spain, see their website for details.