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Investors 'need to embrace opportunities in Murcia'

Date : (News Section: Spain)

Investors 'need to embrace opportunities in Murcia'
Investors looking for real estate in Spain need to grab the opportunity to pick up properties in the region of Murcia while they are still relatively cheap.

This is the assertion of Liam Bailey, who wrote in an article for Nuwire Investor that now is the right time to pick up assets in this part of the country.

He explained the construction of the Paramount theme park will significantly boost tourist numbers in the area in the future, and even though several hotels will be part of the new entertainment complex, he stressed there is still room for growth in the holiday lettings market.

"A large proportion of tourists these days prefer self-catering, and indeed, prefer private rented accommodation, which, on top of those who can't afford the themed hotels, means a massive upturn in demand for holiday let properties in Murcia," Mr Bailey stated.

Proyectos Emblematicos Murcianos (PREMURSA) - the developer behind the resort - estimates that the theme park and other attractions will draw in approximately three million visitors per year.

In total, PREMURSA expects that more than €1 billion (£789.72 million) will be invested in the project, with the first phase of the development due to open in April 2015.

Article created on behalf of News Desk ()

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