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Andalucia's bustling tourist summer

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Spain's Andalucia region has performed strongly in the tourism trade this summer making the area more appealing to budding property investors.

In what has been the best summer for five years on the Costa del Sol, in the south of the region, tourism increased by nine per cent with nearly 3.6 million tourists taking advantage of the coast's ever present sunshine and plethora of vacation activities.

Figures from regional tourist and economic departments show that hotel occupancy in July was at 85 per cent, even though the number of beds on offer increased from 61,000 to 80,000.

A prime reason for this stunning revival has been the increase in Spanish visitors to the resort which, for many years, has been perceived as a British stronghold on the southerly tip of the continent.

In addition, the changing image of the resort and the resurgence of Europe's largest economy has led to more Germans making the trip down to Spain's south coast for their summer holidays. EuroWeeklyNews reports that 13 per cent of visitors were from Germany this summer, while 66 per cent of tourists were natives to Spain. The proportion of British tourists came in second place at 22 per cent.

The good news from the tourist numbers was compounded by figures showing that tourist spending activity was a strong eight per cent more than last year. This means that over the course of the season, tourists will have contributed €1.8 billion to the local economy.

There are plans to improve access to the region with development of part of Malaga's airport which will see a new car park and terminal, according to typicallyspanish.com. Some 650 new spaces will be created in the construction of two underground levels that will bring the total number of floors to nine.

This year's strong performance will give hope to property investors worried that the region would not be able to fight off strong competition from emerging cheap flight destinations in eastern Europe and Asia.

Development in the region looks set to continue not just on the Costa del Sol but in Granada, a historic hilly town to the north of the famous coastline, where golf courses and apartments blocks are being built.

Jet-to-let investors are encouraged to consider the region as there are favourable finance packages accompanying the properties, often including income guarantees.

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