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Where should I buy an investment property?Most UK residents will be familiar with patterns that developed in the UK property market over the last 20 years or so. Different locations experienced growth at different times. Areas that were once seen as not worth considering suddenly became the fastest growing “Hotspot” in the country. Spain is no different, picking the right location is obviously vital to success. It is of no use to invest in a market that has already exhausted its potential growth and similarly you would not want to invest in an area that is perhaps a decade or so away from achieving its potential. As you will have seen from our “about IPS” page, our parent company The European Property Hub has a wealth of experience gained from marketing property across all of the regions of Spain. Having our finger on the pulse in this manner has given us unique access to the buying and price trends as they happen. Historically, the most renowned of all investment areas in Spain is the Costa del Sol, primarily the area immediately around Marbella. All available recent information suggests that this area has reached its peak. Many investors who enjoyed considerable success in the Costa del Sol are now looking at other parts of Spain and in particular the areas that are of most interest to the IP Spain investor include parts of Murcia, the coastline north from Alicante to Valencia and also include selected areas around Castellón. We are also closely monitoring some emerging developments just below the French border on the Costa Brava. Investing in these areas and in particular the Costa Blanca is the right time and right place. According to Spanish Government sources the capital growth on this coast has risen to 24% P/A, while the Costa del Sol has decreased to 18.5%. How long will it last? The Spanish government expects development along this coast to continue at the present rate for the next 10 years. Considering that they are issuing the planning permission, we can assume that they are in the best position to judge, however at IP Spain we would suggest that a conservative estimate would be in the region of 4-6 years. Why is the growth now occurring in North Costa Blanca, Southern Costa del Azahar and selected parts of Murcia? 1) The Climate, one of the best in Spain with over 300 days of sunshine and some of the best beaches in the country with the majority having blue flag status. 2) The World Health Organisation has declared the Costa Blanca one of the healthiest places in the world environmentally and climatically. The area offers an ideal environment for sufferers of Arthritis, Rheumatism, Asthma and Psoriasis due to the warm dry climate. Heart disease is among the lowest in the world which is probably due to the diet and relaxed way of life. Life expectancy is also the longest in Europe. 3) The 2007 Americas cup is being hosted by Valencia. Previous host cities have enjoyed a huge influx of funds both from the increased number of visitors combined with local government regeneration resulting in an increased demand for property. 4) Low budget airlines flying from most airports in the UK to Alicante, Valencia and Murcia (San Javier) with a new international airport under construction in Murcia and another planned at Castellon (north of Valencia). 5) Several Championship golf courses within 30 minutes of each other in Murcia and planning permission granted for another eight. 6) Fantastic infrastructure with good roads, motorways, and train services. 7) The fact that tourism remains the first ‘national industry’ in Spain. It accounts for 12% of its GDP and employs over 1.5 million people. Over 51 million tourists visited Spain in 2002, more than the actual population of 40.2 million (July 2003). Next Page- You state that these areas are the most important now can you explain more? Page 6
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