Business & Finance Investing & Financial Markets

The Secret to Successful Spanish Property Investment

High on the shopping list for most Spanish property buyers is a location with easy access of an international airport - it's a fact.
According to Spanish property experts the close proximity of a property to an international airport, especially those serviced by budget airlines, is more important than being situated right on the coast, having great weather or bargain property prices.
Summarising hundreds of thousands of visitor actions on their website the Spanish property experts at Kyero compiled a 'Hot Properties' page and this ranks Muro de Alcoy in Alicante province as the most popular town in Spain for foreign buyers.
Muro de Alcoy, situated over 30km inland from Benidorm on Spain's south east coast, has seen impressive house price growth over the past two years (over 22% per annum) and property in the town is now priced close to the national average of EUR247,000.
The weather is good in Muro de Alcoy (but there's better weather elsewhere in Spain) and it is 34km from the Costa Valencia - but the appeal is that it is less than 1 hour's drive from Alicante airport which has many, many direct budget flights to the UK.
The town of Adra in Almeria province is second on the 'Top 10 Towns' list.
Adra is the western most coastal town of Almeria offering year-round warm weather as well as bargain property prices which are 43% lower than the national average - all this within 1 hour's drive of Almeria international airport! Clearly this all combines well to make the town highly attractive with property buyers.
Tortosa in the Tarragona province in north east Spain rounds out the top three.
It's within an hour of Reuss airport, to the south of Barcelona and only 15km to the coast.
It also offers bargain house prices 40% below the national average.
In comparison to these locations is the town of Cortes de Baza in Granada - here property prices are an incredible 150% cheaper than the national average but because it is located 140km from the nearest international airport (Almeria / Granada) this moves the town down in to fourth position in the popularity stakes.
It seems that regardless of the weather, average house prices and access to the coast, the difference between being the number 1 destination in Spain and the number 4 or lower is keeping the journey time to and from the airport under an hour.
This is because people want to access their holiday homes easily and it is also worth noting for investors - your potential summer holiday rental tenants are going to want to be near to the airport...
so buy your Spanish investment properties accordingly!
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