House prices go up in Costas

May 6th, 2008
Category: Costa Blanca, Generic


The introduction of new flights to the Spanish Costas is pushing up house prices in the region, according to industry analysts.

Homes Worldwide stated that popular resorts such as the Costa Tropical are benefiting from the so-called “Ryanair Effect”, as it is now a convenient and affordable place to visist.

This was said to have helped boost both tourism and house prices, which in turn has made the Costas an attractive market for overseas property investors.

Commenting on current market conditions, the website said they contrast sharply with those in Spain as a whole.

The online portal added that properties within ten miles of an airport served by low-cost airlines tend to more valuable than those which are located further away.

Earlier this week, Jet2holidays.com highlighted the Spanish coastline as a very popular location for British tourists, in particular the Costa Dorada and Costa Brava.

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