The town of Antequera had price increases of 20% in 2005 and other inland villages the region such as Casarabonela are likely to follow. European Union and central government investment is making some inland areas just as accessible as the Spanish coastal towns and that will mean capital growth and price increases.
Andalucia, June 26, 2006 -- Spain offers far more that just apartments on the famous Costas, which have in previous years seen huge price increases which have now levelled off and in some place even declined. The growth now is taking place inland in towns and villages up to 60 minutes drive from Malaga International Airport.
Estate agents have often steered clients away from inland property purchases, where delays in resolving title deed issues also result in delays of commission payments. As a result of lack of promotion, most people know nothing about what inland Spain has to offer. This offers the smart investor an opportunity.
Warren Buffet style, shrewd investment management supports contrarian investing, investing contrary to the general opinion, in forgotten ideas, or ideas other people are not aware of. This is on the grounds that if everyone is agreed on its merits, a given investment is already too dear. Think of some of the “emerging” markets.
Inland Spain offers a wonderful investment opportunity as well as a fantastic peaceful retreat. There are one or two notable new developments that are being constructed inland that offer all the benefits of modern living set in the beautiful countryside villages. One such development is the freshly launched Pueblo Castra Vinaria, the “Castle of Wine”, which was the Roman name of the village of Casarabonela where the development is situated. It is a 30 drive of Malaga International Airport, 30 minutes to the fresh water Lake District and 45 minutes to Marbella. This charming village sits in the National Park and Biosphere of Sierra de las Nieves, which means there are strict regulations and building controls in place to preserve the charm of the area.
Pueblo Castra Vinaria, is a quality new development of just 38 three bedroom traditional Andalucian townhouses inspired by the design of the famous Marbella Club Pueblo. The scenery is truly stunning, with the white washed Spanish pueblo having the mountain backdrop. The demand for rural tourism is growing: hiking, canoeing, fishing are popular and of course the beaches and ski resorts are all within an easy drive.
Simple economics of supply and demand make new developments in accessible inland areas a solid investment. There is a lack of quality accommodation and an increasing demand from rural tourists and locals and foreigners to live and rent.
Spain is still the number 1 holiday destination for European holiday makers with 59 million visitors in 2005 of which 60% stayed in privately owned accommodation. Smart investors know that means there is real end user demand and that means rental income and capital growth.
Experts generally agree that average house prices in Spain are likely to grow by 10-12% in 2006. Some areas will grow by far more (some by far less) and it is identifying these hot spots that make some investors the real winners.
For additional information on smart investing in Spanish Property or a list of potential areas of growth contact Anthony Fernandes at www.spc-overseas.com.
SPC Overseas was founded by Anthony Fernandes to assist investors and those seeking quality holiday homes in Spain to realise their objectives. Anthony works with a select group of investors and clients and can be contacted below.
Anthony Fernandes
SPC, Overseas
0034 952927855
www.spc-overseas.com