The
Costa del Sol is still one of the areas which offers investors in property the
best return. According to the latest studies, people who invest in property on
the Costa del Sol can still expect excellent value for money - 10% more than the
average return on property in Spain. According to these figures, people investing
in property on Spain's other costas - Costa Brava, Costa Cálida y Costa
del Azahar - can also afford to be optimistic.
Another interesting statistic
is that prices of property in coastal areas are still much lower than prices in
the major Spanish metroplolitan areas (Madrid, Barcelona, San Sebastian...). So
mucho so that property in capitals of provinces like Cadiz or Castellon costs
half the price of property in other capitals. Nevertheless, experts advise
caution, because the property market in Spain is no longer the easy option. Buyers
are advised to study the area they are considering buying property first before
purchasing. The past few years have witnessed an unprecendented boom in the construction
industry and some coastal areas, subject to speculation, already have a surplus
of new and second-hand property. See figures on the
price of housing in Spain in 2005. |