Record-breaking number of tourists visited Spain this year
Tourists are the lifeblood of a region like the Costa del Sol. Marbella and the other holiday hotspots up and down the coast rely on a regular influx of national and international visitors to grease the wheels of the local economy. So here at Aqua Estates we’re happy to report that there were a record-breaking number of tourist visitors to Spain this August, encouraging news not only for hoteliers, retailers, restaurant and bar owners, but also for owners of Marbella property and the wider Costa del Sol.
A Frontur survey carried out by Spain’s Institute of Tourism Studies found that 7.64 million tourists came to Spain in August alone, which is a figure that has broken the record since the Frontur surveys began back in 1995. Of course the Costa del Sol is one of the most visited regions of Spain, indeed such is the popularity of the Málaga province with tourists that the international airport will be extended to include a second runway in early 2012. Málaga airport can now receive a staggering 20 million visitors a year and is the largest non-hub airport in Europe. An estimated 4.8 million tourists visited the Costa del Sol between the months of June and September of 2011, according to figures from sopde (Sociedad de Planificación y Desarrollo) in its Balance Turístico Verano 2011 (Summer 2011) report. During the June to August period, airport arrivals were up by 4.48% with 2.1 million arrivals, 66% being returning visitors. Over 1.8 million visitors chose to stay in hotels and other lodgings, preferring 4-5 star hotels over 3 star, and as a result employment in the Costa del Sol’s tourism sector was up by 4.3%. According to the report, the direct economic impact of this influx of tourists amounted to €3.47 million.
So what does all this good news for tourism mean for Marbella property owners? In short, confidence, something that is in short supply in the world’s real estate market right now. It stands to reason that property in a tourist destination will hold and ultimately increase its value as long as that tourist destination is booming. Whether you’re looking for the best summertime rental yield for your Puerto Banus property or year-round rental potential for a San Pedro villa, the number of people visiting this region is key to your success. Similarly, long-term capital appreciation on any property in and around the Marbella area relies to a large extent on the strength on the local economy, one which is fuelled by tourism. So both current and potential owners of Marbella property can feel confident that investing in property in this tourist region is money well spent.
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We were more than happy with the services received from Aqua Estate. Sebastian had all the patience in the world, showing us some twenty properties, never being disappointed when we said no again and happy to come up with more properties to show. Most importantly , he presented us those which were within our price range, not wasting our time with more expensive ones, as so many agents do. Besides his positive attitude, his knowledge and advice were invaluable. Even after the deal was done, he continued to help us with various matters. Last but not least, the entire team of Aqua Estate shows the same high level of dedication. Why would anybody choose a different agent in Marbella ?
We highly recommend Sebastian Jimenez and his agency Aqua Estates. Sebastian is extremely kind and patient, no query, no task is too much for him at any time. Moreover, he is very efficient, helpful and understanding, even if we wanted to inspect a property for the third time, only to continue the search. Sebastian never imposes with his own taste or opinion, however convinces with his professional and local market knowledge. House hunting with Sebastian was a real pleasure and a successful one too as we just moved in with his help into a fantastic apartment on the coast. AND after sales assistance is not only a promotional promise, but was happily offered.
Hello Sebastian, it is with pleasure that we, my wife and I, testify to your professionalism and your attention regarding the purchase of our first property in Spain 4 and a half years ago and of our new house in which we will be moving in October 2021. We have found in you, listening, competence and besides that is why we have remained faithful to you for 5 years, and that we have recommended you to all our friends.
I’ve been with Aqua Estates for 12 years, and have bought and sold various properties with them but I’ll make it short: I wouldn’t even think of using someone else.