News article quote from eyeonspain (2006):
"Huelva, on the western Costa de la Luz, has 'hotspot' written all over it! There are two massive triggers coming into place - a proposed international airport and a high-speed train connection with Seville. Mix in the beautiful undeveloped coastline, the protections that limit construction and the affordability and you have a sure-fire winner from where I am sitting..." ¹
The
West Coast of Andalucia has
been the Spanish and Portuguese holidaymakers secret up until recent years.
Despite growing development, the West Coast still retains that true natural
beauty which has been lost in regions like the 'Costa Del Sol' and other parts of Spain due to
overdevelopment.
The coastline
architecture blends comfortably into its surroundings while the strict planning
rules keep that typical Spanish feel to the place. The West Coast of Andalucia
is currently one of the fastest growing Spanish property markets.
The Spanish
ministry of tourism predicts that more than 1 million foreigners will set up
home on the Spanish coast in the next 5 years, and the figure is expected to
treble by 2025.
• Climate Spain has become a top
destination for property investment. The dream lifestyle has become a major
priority for Northern Europeans who are disillusioned with unstable weather.
The West Coast of Andalucia offers warm, year round climate which allows an
unlimited amount of outdoor pursuits.
• Budget
Flights Low budget flights
to the UK and other
European countries from Faro and Seville provide easy access for commuting
throughout mainland Europe.
• Property
Market The Spanish property
market continues to grow and is expected to rise in the near future. Offering
Idyllic villas, coastal apartments or remote “Fincas” bringing a variety
of ideal properties for investment or for that permanent relocation to
the sun.
• Interest
Rates With significantly
lower interest rates than most countries in Europe young investors can afford to buy in Spain. It is becoming
increasingly difficult for the younger generation to invest in property in
their home country so many are obtaining their first property overseas.
• Rental
Market An increasingly
stable rental market exists on the West Coast primarily due to the year round
sunshine which makes for more favourable returns.
• Off-plan
Purchases These are popular
investment options as you can sell the property at a higher cost prior to
completion whilst avoid paying the total closing costs.
• Safe
Return On Investment
Pension, saving plans and stock investments have become less attractive and are
creating a concern amongst the general public. People now consider property to
be the safest way to insure a satisfactory return on investment.
• Relaxation Less development, fewer people and less traffic
makes this region a more relaxing holiday or relocation destination than other
Spanish coastal areas.
• Economical Recent surveys indicate that the West Coast of
Andalucia is the cheapest coastal spot when it comes to eating out. Whether
you're just having a quick coffee or beer you will notice a big difference in
your wallet and with frequent low budget flights to the region this makes it a
perfect getaway.
For more investment options view our 'West Coast Andalucia' icon
1. EyeonSpain: http://www.eyeonspain.com/investment/spain-property-advice.aspx