Few people would deny that Spain's Costa del Sol - literally the Sunshine Coast - is one of the most popular holiday resorts in the world. In the last half century.
June 15, 2007 (Press Release) --
Few people would deny that Spain's Costa del Sol - literally the Sunshine Coast - is one of the most popular holiday resorts in the world. In the last half century, the region has grown astonishingly in popularity. In the early days, the area was home to small traditional Spanish villages, with whitewashed walls and dusty streets.
However, once the secret of the Costa del Sol's fantastic climate and potential as a holiday resort got out, the pace picked up. Developers built modern state of the art resorts and provided facilities and attractions for the tourists they were sure would come and spend their holidays there.
And they were not wrong. The Costa del Sol now plays hosts to literally millions of visitors each year and has a near-continuous urban development of high-rise settlements and resorts running the whole length of the coast. According to investment website Spanish Property Insight, the Costa del Sol is "one of the world's great holiday destinations".
Spokesman Mark Stucklin says that the south coast in particular is coast is very attractive due to the climate and excellent leisure facilities. He described the locality as a mixture of developments being both one of the most popular coasts for relocating to" and also "Spain's main holiday coast".
"It's a good place to buy a holiday home because of the climate, and because it's probably got the best leisure offerings in Europe - golf courses, hiking around the coast, great shopping, a lot of restaurants… In that respect it's one of the world's great holiday destinations, without a doubt," he explains.
However, he advised investors that they would need to be in it for the long-term if they were looking to make decent returns on their initial outlay. The Costa del Sol is not suitable as a short-term investment, he advised. However, he says that "as a long term capital protection investment over a ten year period, I would expect you would be able to not lose money."
Developers in the Costa del Sol are currently trading heavily on the region's reputation as a golfing hotspot. New courses are being designed and laid out all the time, with the aid of golfing pros such as Jack Nicklaus. Added to the fact that the Costa del Sol is famous as a playground for the rich - no strangers to the golf course themselves - golfing tourism is a market that the potential investor here may wish to consider.
However, once the secret of the Costa del Sol's fantastic climate and potential as a holiday resort got out, the pace picked up. Developers built modern state of the art resorts and provided facilities and attractions for the tourists they were sure would come and spend their holidays there.
And they were not wrong. The Costa del Sol now plays hosts to literally millions of visitors each year and has a near-continuous urban development of high-rise settlements and resorts running the whole length of the coast. According to investment website Spanish Property Insight, the Costa del Sol is "one of the world's great holiday destinations".
Spokesman Mark Stucklin says that the south coast in particular is coast is very attractive due to the climate and excellent leisure facilities. He described the locality as a mixture of developments being both one of the most popular coasts for relocating to" and also "Spain's main holiday coast".
"It's a good place to buy a holiday home because of the climate, and because it's probably got the best leisure offerings in Europe - golf courses, hiking around the coast, great shopping, a lot of restaurants… In that respect it's one of the world's great holiday destinations, without a doubt," he explains.
However, he advised investors that they would need to be in it for the long-term if they were looking to make decent returns on their initial outlay. The Costa del Sol is not suitable as a short-term investment, he advised. However, he says that "as a long term capital protection investment over a ten year period, I would expect you would be able to not lose money."
Developers in the Costa del Sol are currently trading heavily on the region's reputation as a golfing hotspot. New courses are being designed and laid out all the time, with the aid of golfing pros such as Jack Nicklaus. Added to the fact that the Costa del Sol is famous as a playground for the rich - no strangers to the golf course themselves - golfing tourism is a market that the potential investor here may wish to consider.
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