Sunday, August 3, 2008

Huelva -one of Spain's safest real estate bets…

Recent research by Titan Properties has revealed that the western Huelva province of the Costa de la Luz is standing tall in property market and charting impressive gains amidst turbulent times in Spain.

Andrew Benitz, Director of Titan Properties stated that although price inflation was slowing down across Spain, prices in Huelva continued to grow at a stronger rate. Property prices increased in Huelva by 7.6% in 2007 which is the best growth performance on coastal Spain. Huelva remains the least built up of Spain's coastal provinces due to planning regulations with less than 13% of the coastline occupied by urban development.

The plans for new airport in the region should further open up the area to both international holidaymakers and property investors, potentially boosting the local economy as a result. The Foreign Property Buyer website has remarked that this is positive news for rental investors as tourism in the area are expected to increase, as an influx of visitors will be likely to trigger extra demand for rental accommodation in the vicinity.

Recently ShelterOffshore.com stated that the Huelva’s impressive golf courses, white pristine beaches and unspoilt, serene surroundings provides strikingly similar characteristics to the Portuguese Algarve but at a lower cost. The website added that properties in the province start at as low as £38,000. The Investors are recommended to buy now as the new airport is expected to have a "relatively strong impact" on property prices.

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