Costa del clean up 'could increase expatriate community'
04/02/09 17:43
Beaches across Spain's Costa del Sol are to receive a major facelift as part of a new government scheme, which could increase the region's expatriate community, it has been revealed.
Authorities in the country will spend 5.6 million euros on tidying up the region's coastal stretches, which one expert believes could spur property investment.
Market analyst at Obelisk Investment Property, James Gonzalez, claims that the work will help draw foreign nationals back to the popular tourist hotspot - ultimately supporting the local rental market.
Mr Gonzalez commented: "This investment comes as a welcome boost to tourism in this part of Spain.
"Measures like this mean the Costa Del Sol can maintain its attractiveness among holidaymakers, an essential consideration for buy-to-let investors."
He added that better beaches could only make purchasing property in Spain "more appealing".
The foreign currency exchange rate for Spain is £1.00 to 1.10957 euros.
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