Growing holiday rentals 'boosts popularity of Spanish property'

Investing in a property in Spain is becoming a more popular option thanks to the growth in the holiday rentals market.

Sales and marketing manager of Taylor Wimpey de Espana Marc Pritchard explained there are several reasons why people should consider owning a home in the south-European nation.

"The growth of the rental market has made Spain once again a popular destination for property buyers to invest in, particularly given the readjustment of property price and abundance of cheap flights," he asserted.

Mr Pritchard added his firm has experienced a robust start to 2012, with sales figures in January up considerably on the same month in 2011.

Figures published earlier this month by HomeAway revealed there was a sharp rise in the number of properties in Spain available for holiday rentals.

The organisation recorded a 27 per cent increase in booking enquiries over the course of last year, compared to 2010, adding the Malaga region was among the top five destinations for travellers in the final quarter of 2011.
 

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