Costa del Sol a 'renowned' property hotspot

Tuesday May 6th , 2008

The popularity of the Costa del Sol with foreign leisure travellers has significantly boosted the economy in the region, experts have said.

According to NuBricks.com, the area's popularity with holidaymakers has led to its becoming a "renowned" hotspot for overseas property buyers.

This was said to be because the influx of visitors has created the need for good-quality services and commodities in the region.

In addition, the website highlighted the effect that tourism has had on the housing market in the Costa del Sol, as there is now high demand for rental accommodation in prime locations.

NuBricks.com said: "The overall contribution of tourism and travel creates a ripple effect on the local economy."

This comes after UK newspaper the Telegraph revealed that traditional markets such as the Costa del Sol are still popular with British property buyers.

According to the publication, it is "hugely popular" with different types of buyers, such as property investors and those who are seeking retirement homes in the sun.