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22 | International property
International
property - why our love
for Spain just isn’t on the wane
by Amanda Sharples,
Director, AB Property Marketing
t the beginning of the year One area in particular is receiving significant nestled in the hills overlooking Marbella is one
A
Skyscanner.net revealed their investment – the Costa del Sol. Dubbed the such development. It offers not only luxury
top ten most searched for ‘Playground of Europe’ this stretch of living but will capitalise on the burgeoning spa
destinations by UK visitors for Mediterranean coastline has for nearly 50 years tourism sector. The first Champneys resort
travel in 2009. Spanish locations been a focal point for visitors seeking sun, sea outside the UK comprises two bedroom
including Malaga, Alicante, and sand not to mention luxury living. And apartments and penthouses all finished to the
Tenerife, Palma and Murcia now over ?5 million is being invested by the highest of standards. The two bedroom
secured five of the top ten spots and nearly a Spanish tourism authorities to upgrade 12 apartments boast interior gardens, state of the
quarter of the top 50. As the recession bites, beaches stretching from Torremolinos to art gas fireplaces, stunning courtyards with
consumers still want to enjoy their overseas Casares, with new shower facilities and lighting peaceful Moorish fountains, and high quality
summer holidays to which they have become being installed as well as promenade marble bathrooms, hot and cold air-
accustomed. But they are looking at cheaper construction and maintenance. conditioning and fully fitted kitchens, with
destinations and to take advantage of discounts It’s not however just good food and clean prices starting at ?696,358. There are just two 2
being offered by tour operators such as Thomas beaches that are attracting British attention to bedroom penthouses left featuring the same
Cook, who are reported to be offering up to Spain. The enduring love affair with Spanish first class features alongside the luxury of
£150 off breaks to Spain as part of their property and the dream to start a new life in the private lifts to both of the two floors, double
‘Holiday Sale’. sun does not seem to be abating, even in light of height ceilings and stunning galleried second
And it’s not just summer holiday makers who the weakening of the pound. bedrooms as well as a private plunge pool, with
are viewing Spain as a destination of choice. Recent surveys such as the Jan – Feb 2009 prices at ?971,729 and ?1,026,705.
More foreign nationals than ever before are statistics from overseas property portal The Champneys resort now under
choosing to get married in popular Spanish
PropertyIndex.com support this. Their data construction offers the very best in facilities,
resorts such as the Costa del Sol. Reduced costs reveals a 26% rise in searches for Spanish with heated indoor and outdoor pools, twenty-
prompt many to make the choice but the property compared to the same period last year. five therapy rooms, manicure salon, sauna and
climate, scenery and culture also prove real Julia Norton, Sales Manager of the new Turkish bath, Jacuzzi terrace, and gymnasium,
draws. Champneys Marbella resort, comments, as well as relaxation areas, sun terraces,
The Spanish government is well aware of the “Having worked in the Spanish property market conservatory gardens, Moorish Plaza with
importance of the tourism sector to the for nearly a decade I firmly believe that Spain is hanging gardens and water features and
country’s overall economic health. Tourism an enduring market and has something for Champneys clubhouse and restaurant.
accounts for approximately 11% of jobs and everyone. Britons have an affinity for this Owners can also take advantage of the
GDP and so the additional ?600 million which country and many still see it as a viable Champneys Rental Pool which means that the
will be allocated in 2009 to help the tourism alternative to recession hit Britain. resort will manage the rental of the property
industry face global competition (in addition to “I have seen however that buyers’ demands and in turn tie it in with Champneys Spa
the ?400 million allocated and spent in 2008) is are changing; with such a glut of property stock Packages, thus encouraging the best potential
most welcome. The funds will be used to available buyers are becoming far more selective rental.
upgrade and modernise existing tourism about what and where they purchase. They are
facilities, infrastructure and accommodation. It looking not necessarily for cheap, entry level
is hoped that the projects will provide much properties but for value for money, for well For more information about buying in Spain or
needed employment, especially for those constructed, well located homes with potential indeed in the Champneys Marbella project
construction workers made redundant through for return on their investment.” please call Julia on 01442 291200 or visit
the collapse of the property boom. And the new Champneys Marbella resort
www.champneysmarbella.com.
June 2009 Investment International
www.investmentinternational.com
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