Spanish property investment gets boost from cheap travel

British investors are being encouraged to buy property in Spain by the current cheap travel deals on offer, it has been suggested.

Sue Ockwell, spokesperson for the Association of Independent Tour Operators, noted that a growing number of Britsh people are choosing to travel and acquire property within the eurozone because of cheap prices and familiarity with the destinations.

"I think an awful lot of people are realising how lovely places closer to home are – France, Italy and Spain, for example," she said. "There is so much to see and do in those places."

The comments come after the recent Post Office Travel Services Holiday Money Report found that Spain is currently the cheapest eurozone destination and fourth placed worldwide, showing a price fall of 30 per cent for the same travel areas surveyed a year ago.

This is part of a general trend, in which every eurozone country surveyed is cheaper than last year.

"A lot of people have got second homes in Spain - they will tend to use the no-frills carriers," said Ms Ockwell.

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