Why choose the Spanish Algarve?
The locals have been keeping the Spanish Algarve or Costa de la Luz to themselves – it is a piece of authentic Andalucia. Natural surroundings punctuated by unspoiled towns attract people looking to stay away from the overdeveloped Mediterranean Costas. Costa de la Luz real estate prices are still significantly cheaper than the Portuguese Algarve and Spain in general, and over the past three years the region has experienced a growth rate of approximately 22%. Interest is continuing at a steady, sustainable rate. It is accessible to the whole of Northern Europe (and indeed the world) through the international airports of Faro and Seville and this ensures solid communication links for the future. Strict planning rules limit Costa de la Luz real estate development. This control means that new property is sympathetically added to the area and also restricts the supply of property. As a result, there is less competition for holiday lets and resale properties from an investment perspective.
The Spanish have been keeping this area to themselves – it is a piece of authentic Andalucia. Natural surroundings punctuated by unspoiled towns attract people looking to stay away from the overdeveloped Mediterranean Costas. Property prices are still significantly cheaper than the Portuguese Algarve and Spain in general, and over the past three years the region has experienced a growth rate of approximately 22%. Interest is continuing at a steady, sustainable rate. It is accessible to the whole of Northern Europe (and indeed the world) through the international airports of Faro and Seville and this ensures solid communication links for the future. Strict planning rules limit development. This control means that new property is sympathetically added to the area and also restricts the supply of property. As a result, there is less competition for holiday lets and resale properties from an investment perspective.
