The global economic climate is gradually being restored with governments worldwide looking to paper over the cracks that lead to such a well documented crisis. Confidence is yet to be fully restored which has undoubtedly put many investors off but the gradual recovery has sparked a major influx of investment opportunities for those that are keen to find a bargain. Investment in the Costa del Sol has proved to be extremely popular in recent years thanks to the number of bargains being identified by investors all over the world. Here are some of the main reasons why investment in the Costa del Sol has become the number one investment location in Europe.
Flight times from other European cities are reasonably short, ranging from 2 to 3 hours from the North. With a journey from the UK to the Costa del Sol being as short as this, rental opportunities prove to be extremely popular. What’s more, people travelling from the UK will welcome the news that English is a widely spoken language in the Costa del Sol, making permanent investments in the Costa del Sol a much more appealing opportunity for some.
The stable climate is often what brings the tourists to the Costa del Sol and this is one of the biggest selling points for any potential investor. With over 300 days of guaranteed blue skies every year, the Costa del Sol offers people the chance to escape colder climates on a permanent basis. The relaxing atmosphere across the whole region proves to be another key selling point, with beaches, golf courses and restaurants all contributing to the typically Mediterranean environment.
With some of the best medical facilities available in Europe, people are not afraid to swap the healthcare they are used to in the UK for the new and improved hospitals and clinics in the Costa del Sol. What’s more, the Costa del Sol has proven to be one of the safest places to live with such low crime rates. There are plenty of airports in the region to access if urgent journeys around Europe are necessary.
In terms of investment, a Spanish Villa is often the most coveted property for foreigners arriving in the Costa del Sol. Villas are few and far between in the region however, which makes an investment in this kind of property all the more financially beneficial to the investor. With such little competition to worry about Villas are likely to always be in high demand. You can find all sorts of bargains with the range of apartments available in the region as the rental market is one of the best in Europe.
There are plenty of future plans in place to improve the Costa del Sol in general from improved transport opportunities to further medical, sport and leisure facilities. The AVE high speed train has proved to be a huge success having been in operation for over four years and the latest metro system for Malaga is currently under construction. There are also plans for a Trans Mediterranean motorway linking Spain with Portugal and France.
Chris Fenwick is a property portfolio manager who advises clients on foreign property investments. He has contributed this post on behalf of Panorama Properties, real estate agents in Marbella.
