29
Jun

British property purchases increase on the Costa del Sol

According to a report released by one of the leading developers on the Costa del Sol, double the number of houses have been bought by Brits this year compared to 2017. One of the main factors securing this increase has been the stability of the pound/euro exchange rate, leading to a subsequent increase in British buyer confidence. In addition, the Costa del Sol remains as popular as ever with British buyers who continue to be attracted by its beautiful beaches and golf courses. Some are hoping to make a quick purchase before there is a five percent price increase, as predicted by one of Spain’s major banks. Some buyers are looking for a holiday home where they can escape to the sunshine at their convenience whilst others are looking to benefit from capital growth through a quick sale.

The report also highlights a 15 per cent rise in property reservations across Spain, representing the highest number of visitors for seven years. This was confirmed by the head of Costa del Sol Tourism, Jacobo Florido, who has stated that the ‘most important summer in history is upon us’. This year a two percent growth in both income and the number of tourists is anticipated, compared with 2017. This is incredible given that 2017 already reached record numbers in terms of tourism, representing a 6.4 percent increase on the previous year.

Siesta Homes is promoting 2 beautiful developments along the Costa del Sol for buyers looking to invest in Spain.  After great success with similar projects such as the Aloha Hill Club in Marbella, buyers looking to invest in The Suites at La Cala Hill Club and The Oakhill can expect high quality living and incomparable services.  Siesta Homes has a proud philosophy of always offering more and these two development are no exception.  For more information about these stylish developments please contact Siesta Homes on +34 951 204 324 or visit the development websites, lacalahillclub.com and oakhillmarbella.com.