Costa de la Luz property market report 2008

Costa de la Luz Property

Finally, it seems that the Costa de la Luz, with its stunning beaches, is coming into its own for the overseas property investor.

Good access is vital for any property market and after lagging behind the Costa del Sol in terms of upgrading infrastructure there is now real improvement.

The important thing for potential property buyers to realise is that this is not Mediterranean coast and the Atlantic influence makes for some differences.

The winter climate is less balmy and often there is a wind that takes the edge of the temperature.

In addition, as so many Spaniards own second homes for the summer on this coast many resorts have an abandoned feel out of the high season, and some bars and restaurants close at the end of summer.  This can adversely affect letting potential so buyers who are looking to finance a mortgage with rental income should be very sceptical about some of the occupancy claims made by estate agents and developers.

This western coast of Andalucía has always been popular with Spanish buyers, precisely because the climate is cooler and therefore, quality property in good locations is not cheap.

In addition, very tight planning controls should limit further development in the prime coastal areas, so prices should hold up well.

Where development is allowed the result can be very high density.

The prime resort on this coast is El Puerto de Santa María where prices are not much below those of Marbella, followed by Chiclana, Conil and Vejer to the east and Chipiona and Sanlúcar de Barrameda, famous for the horse races on the beach, to the west.

© Barbara Wood (The Property Finders)

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