Property Spurred on by Tourism

Property investment in the Costa del Sol will be spurred on by a rise in tourism during Easter, it has been suggested.

According to Obelisk Investment Property, figures from the Costa del Sol Tourist Board show that average hotel occupancy reached around 75 per cent during the period - about eight points higher than the same time last year.

The statistics show that despite the recession in the UK, holidaymakers are still eager to travel to the Spanish coast, Obelisk claims.

James Gonzalez, market analyst at the firm, said: "The latest figures are excellent news and prove that tourism on the Costa del Sol is enjoying excellent health.

"I think that the Costa del Sol can expect to see high tourist figures this summer."

Obelisk also pointed to several new infrastructure developments in the area, such as an extension to Malaga Airport, which could double the passenger capacity of the hub.