Record tourist figures keep Spanish rental yields high
While interest from younger Britons is boosting the Spanish second home market, record numbers of tourists suggest the strength of the country's buy-to-let market will not be abating either.
Despite Spain traditionally being seen as a summer destination, nearly 3 million foreign tourists visited its shores last month, setting a January record.
The figures have been released in Frontur, the survey on Tourist Frontier Movements published by the Ministry for the Interior, and show a 4% increase in numbers from the same time last year.
The continued popularity of Spain as a tourist destination will counteract the high supply of properties and is likely to keep rental yields high.
Also good news for investors are reports that capital appreciation could grow over the coming months due to strong economic growth, Assetz reports. Gross domestic product grew by 4% in the 4th quarter of 2006, and last year's economic performance was slightly better than 2005.
< Back to latest news