Rising tourist numbers 'good for Spanish property'

Owners of property in Spain are likely to be encouraged by the rising tourist numbers recorded in the country.

This is the opinion of Marc Pritchard, sales and marketing manager at Taylor Wimpey de Espana, who noted that even more people are expected to holiday in the nation during 2012 than in 2011.

He highlighted figures from the Spanish airport authority, which revealed 500,000 more passengers passed through Alicante last year compared with 2010, while there has been a 15 per cent rise in the number of requests for flight slots at the Costa Blanca hub.

Mr Pritchard commented such data is "great news for Spanish tourism and property markets this year".

Those considering purchasing real estate in Spain may want to take note of the latest report published by Tinsa.

In its December General IMIE Index of house prices, the organisation revealed the value of properties on the country's Mediterranean coast - which includes the Costa Blanca - fell by 7.1 per cent year-on-year.

This may encourage investors to make a purchase while the market is low.

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