Holiday Lettings news - Investment in Cartagena boosted by new port

Investment in Cartagena boosted by new port

Plans to improve the current harbour facilities of Cartagena in south-eastern Spain could lead to increased property values in the region.

Homeoverseas reports that around €1 billion (£675 million) is to be spent by the local authorities on transforming the town's current harbour into a major port to ensure strong links with the Far East and boost the local economy.

"This is an opportunity that Cartagena, the region and the country as a whole cannot afford to lose. The regional government is going to give all the support possible to this project," explained Murcian regional president Ramon Luis Valcarcel.

Work on the massive project is set to begin as early as next year and could transform Cartagena into the ideal property hotspot for investors looking to purchase holiday homes or rentals. There is also likely to be a strong increase in visitors to the region due to the new transport links established by the building of the new port.

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