Major investment in Costa del Sol beaches
Major investment in Costa del Sol beaches
Spanish tourism authorities are investing over €5m in the Costa del Sol. More than 12 beaches will receive a share of the funding, which will be used to upgrade facilities and make the coastal resorts more attractive to tourists. The move is also expected to benefit buy to let investors in the region.
The Andalusian regional government and the Western Costa del Sol Association of Municipalities are making a joint investment of
€5.6m, according to Nubricks.com. The funding will be used to improve beaches in the area stretching from
Torremolinos to
Casares.
Individual municipalities have prioritised improvements for their own beaches, all of which will benefit those renting
holiday villas on the Costa del Sol. Projects are expected to include fitting showers on the beaches, the construction of promenades and installing lighting. It is thought work will commence on the projects in the next few weeks and that the results will be seen by Easter.
"This investment comes as a welcome boost to tourism in this part of
Spain," said James González, market analyst at Obelisk, which specialises in the field of
overseas property investment. "Measures like this mean the Costa del Sol can maintain its attractiveness among holidaymakers, an essential consideration for buy to let investors. And with 2009 showing signs of being ideal for
opportunistic buying in Spain, better beaches at some of the best known resorts make investment in the country more appealing."
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