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Plane Spaining for buy-to-let

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Those looking for new buy-to-let opportunities in a country which has a long-established property investment sector will often look for somewhere new, a fresh location which isn't already festooned with apartments and swarming with tourists, a place where property may be bought cheaply and then grow in value as new developments make the area attractive to tourists or ex-pats.

Such was the claim being made for Valencia in Spain last year. While the third largest city in the country can hardly be described as a place that is off the beaten track - even if it cannot match the glamour of Madrid and Barcelona - it was the centre of a major sporting event last year when it hosted the Americas Cup yachting race, which led to the building of a huge new marina. Add to this the status of the city as the host of the European Grand Prix from 2008 to 2014 with a Monte Carlo-style street circuit and it is easy to see how the city could enjoy a niche interest among boating and motorsport enthusiasts.

Other developments may help a location boom, such as the building of new tourist facilities like golf courses or theme parks. So too might better transport links, not least when it comes to airports.

In an age of low-cost airlines, this factor has been a key element on the popularity of Spain with Britons, either as a place to live or to holiday in. Louise Hall, business director of estate agency website Primelocation.com, said the growth of cheap air access was a major determinant of the fortunes of a number of particular locations in the country.

She commented: "Barcelona and the Costa Brava region as a whole have become more popular with UK buyers in the last two to three years. Inland Murcia has again proven popular. Mallorca has experienced huge popularity in recent years and has become an expensive jewel with large numbers of properties valued at £1 million plus".

If all this owes plenty to the influx of new airlines, allowing UK citizens to fly down to the sunny Iberian Peninsula at a cost which leaves plenty of money for booking a hotel and spending on leisure activities, then those locations which are next in line to see airports constructed may be best placed to become the newest hotspots.

For this reason, recent confirmation of the building of a new airport at Huelva may mean that this area of south-west Spain will be the next to get a boost. Located near the coast some way north of Cadiz and west of inland Sevilla, the new airport may add to the popularity of the locality. The airport is due to open in 2012. Investors therefore may have just four years to wait before the area becomes the next mini-boom town in Spain.

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