Overseas property news - Huelva: spain’s next property hotspot?

Huelva: spain’s next property hotspot?

Property investors are buoyed by the news that Huelva is to receive its own Airport…

Talks officially began in 1999, but this year the Spanish Ministry of Development has sanctioned private company, Agricola el Pintado SL, to build a 350 hectare facility valued at 150 million euros.

Huelva province takes in the western Costa de la Luz, Spain’s sunniest coastline bordering the Portuguese Algarve, a region that is seeing phenomenal growth in both tourism and real estate, but previously only accessed by air via Faro in Portugal or Seville, an hour away from key resorts such as El Rompido and Nuevo Portil.

An International Airport at Huelva will reduce driving time to as little as 15 minutes and it could be fully operational by as early as 2012.

Andrew Benitz, Director of Titan Properties, commented, “Huelva is the fastest growing destination for golf tourism in Spain and mega golf resorts such as Costa Esuri fringed with residential property are attracting thousands of visitors.

Floodgates will open

He added: “An additional International Airport is both logical and intrinsic to the Coast’s future growth and the news that Huelva has the official ‘nod’ is most welcome.”

The viability study currently underway states that Huelva has the lowest percentage of foreign visitors compared to the rest of the coastal provinces of Andalusia. It states that “the lack of air access for these types of tourists limits the tourism growth of the province.

This leaves Málaga, Cádiz or the Portuguese Algarve with a competitive advantage, but all is to Change. The existing 700 metre runway will be replaced by a 2,400 metre runway for intercontinental flights which would see an estimated 1.5 million passengers pass through within the first decade of operation. The floodgates would open for no-frills carriers from the rest of Europe and Huelva would get its chance to flourish.

© www.propertyo.com All Rights Reserved.24 Jacks Place, Shoreditch, London, E1 6NN.
Terms & Conditions | Privacy Policy