Spain offers lucrative buy-to-let investments
Friday April 4th , 2008
Buy-to-let investors could find Spain a lucrative place in which to make a purchase, new figures have revealed.
According to a study by VillasforTravel, owners of tourist accommodation collected the highest rental returns in Europe last year, reports Homes Worldwide.
In addition, three of the five most popular destinations for holidaymakers who wanted to rent a villa were said to be in Spain.
The Balearic and Canary islands were found to have attracted lots of visitors last year, while most of those who stayed on the mainland chose to rent in Costa Blanca.
This suggests that these could be three of the most potentially lucrative markets in Spain for investors who plan to purchase a rental property in the country.
According to official government figures, the overall number of holidaymakers in Spain went up by 1.7 per cent to more than 59 million last year.
