Tourism in Spain on the up

Spain is a perennial favourite with second home owners and investors, especially from Britain and Germany. The Institution of International Tourism in Spain shows that tourism in the nation has increased since last year, which is good news for those looking to rent out their properties.

The Economist reported that Spain has enjoyed the fastest growth in property prices anywhere in the world in the last 20 years.

A firm favourite with holiday makers, especially those from the UK and Germany, Spain attracted 7.7 million holiday makers in August alone. Most visitors came from France and the UK, while the number of German visitors increased by 20 per cent compared to 2007.

Around 25 per cent of British people aim to retire abroad and Spain is the most popular destination, owing to climate, cheap flights and proximity to the UK

If you are thinking of investing in a property in Spain, you could be in line to make some serious money no rental returns.

The Institution of International Tourism in Spain shows tourism in the nation has increased by three per cent since last year, with a total of 41.5 million visitors since January this year, and they have to stay somewhere!

Among the most popular destinations within Spain were Catalunya, the Balearic Islands and Andalusia.

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