Thumbs up for the Costa del Sol

News in today suggests that tourism in the Costa del Sol continues to boom. According to the tourist board, this month will see close to 80 per cent capacity, which is up on last year, making it one of the best years in the past decade.  All indicators show the region is bouncing back with a vengeance.  Today, many buy-to-let property owners in popular resorts are recording a bumper year with occupancy levels up to an encouraging 85 per cent.

New statistics from the Spanish Ministry of Housing show that property values in Spain have risen by 10.8 per cent over the 12 months to the end of June. This represents a solid growth rate, be it much more sensible than some of the price rises we were seeing a while ago. The most sought after locations are still those that are close to the beach, near excellent amenities and in up-and-coming hotspots, though caution should be taken not to invest in areas with an oversupply of property.