Holiday Rentals News - Costa del Sol set for £75 million investment

Costa del Sol set for £75 million investment

Spain is to invest around £75 million (100 million euros) in the western Costa del Sol region, it has been announced.

According to Typically Spanish, the country's commerce and tourism minister Joan Clos remarked during a visit to Malaga that the funding would go towards revitalising tourism in the area.

Regional councillor Sergio Moreno reportedly added that the funding - which is around £15 million more than had been expected - will be spent on a number of projects over the next four years.

The money is expected to go towards developments in the towns of Torremolinos, Benalmadena, Fuengirola, Mijas, Marbella, Estepona, Casares and Manilva.

In its recent Holiday Trends 2008 report, the Association of British Travel Agents (ABTA) revealed that around half a million UK citizens own properties in Spain.

ABTA also predicted that Spain will retain its position as the most popular destination for British holidaymakers in the year ahead, with the Balearic Islands set to attract more visitors than any other region of the country.

This article was brought to you by holidaylettings.co.uk, the UK's No.1 holiday home website.
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