Property investors in Spain set to profit

Spanish Property Investment Advice 

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

Posted on 03 March 2006

Property Investors in Spain Look Set to Profit from the Inpat Market

Property investors in Spain look set to profit from the inpat market. From 1 May, Spain is opening its labour market to EU newcomers. If the UK is anything to go by, this will see an inflow of immigrants into city centres, and create buy-to-let hotspots along the transport routes. We have seen this happening in parts of UK cities including London, Manchester and Birmingham where immigrants (the inpat market) tend to live close to each other. We are monitoring market developments.

Flight news is coming in from Glasgow. From this summer, Easy Jet will offer direct flights from Glasgow to Alicante and Malaga every day with flights to Palma every Saturday. I am told, but have not yet had official confirmation, that these flights will start in early July.

News from Valencia. The Conselleria for the Territory has revealed its new Coastal Plan, covering more than 60 municipalities. In a nutshell, the plan seems to want to turn the area into a new Florida with second residences being replaced by residential complexes for pensioners and commercial centres re-orientating more towards year-round residents. The report also compares Benidorm with its intensive high-rise developments and Altea with its low rise developments and wants to make the Benidorm model the norm for the area.

The HomeBuyer Show at Excel in London on 17 to 19 March covers both UK and overseas property investing. You can get a pair of free tickets. Go to www.homebuyer.co.uk. Personally, I have always found the seminars to be of greater interest and benefit than the stands which are almost exclusively there to sell you off-plan deals. Check out http://www.homebuyer.co.uk/seminar.asp for a list of seminars.

Until next week,

Warmest Wishes

Iain Maitland

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