Areas such as the Costa Blanca and the Costa del Sol are still popular locations for foreign property buyers, a British newspaper has revealed.

According to the Telegraph, the Spanish coastline is still a “big draw” for overseas investors, partly because it is so easy to get to.

This, it stated, is despite the growing trend of foreign buyers looking for possible investment opportunities further inland.

The Telegraph added that the Costas are also successfully facing off competition from les-established locations in other parts of the world, such as eastern Europe.

Commenting on its appeal to investors, the newspaper said: “It is certainly facing much stiffer competition. Nevertheless, it remains a hugely popular destination.”

The publication stated that the region is appealing to different types of buyers, such as retirees who are planning to live abroad full-time and those who are seeking financial returns from their investment.

Spain was recently identified as the most popular location among British buyers in a poll by A Place in the Sun magazine.

Tags: Alicante, Marbella, overseas property, retirees