Spanish Property Investment Advice 

Brought to you each week by our property expert, Iain Maitland.

Posted on 01 July 2006

Murcia, Almeria and Jerez are the Places to Buy!

The latest Barclays Bank report about Spain confirms what I have been saying for ages now – Murcia and Almeria are the places that British expats want to be! Murcia and Almeria have much to offer including a nice climate, good accessibility and transport links, and an underdeveloped coastline. For me, that is the key – the areas do not have the overdevelopment that we have seen elsewhere. Of course, that will change with some 80,000 new homes and 250,000 new residents coming in over the next two years. There is hotspot potential though, especially from golf lets. But now is the time to invest if you are going to do so.

News just in from Murcia! There have been concerns about water shortages and their impact on new developments being built there. Strict water saving measures are being brought in later this year to cover the use and conservation of water. The measures, which will include restricting new swimming pools to 40 square metres, should ease concerns. If you are planning to buy in Murcia or Almeria, we have two free articles available next week at www.internationalpropertyalerts.co.uk You can sign up for free and will receive the articles next Wednesday

Talking of hotspots, Jerez in southern Andalucia is starting to look very promising. It offers the affordability that you would want. Prices are some 40 per cent or so less than in Seville, for example. It is an olde-worlde Spanish city, far removed from the chips and ketchup resorts. What is transforming it into a hotspot is the fast-improving travel network. The new motorways, combined with the airports at Seville and Gibraltar, are opening the area up to those who are looking for the traditional Spain. This is a slow-burn investment but it will come off. Mark my words!

All for now

Iain Maitland

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