June sunshine set to attract record number of tourists
The forecast for tourism figures for June look set to beat the 2 million mark of visitors staying overnight in hotels in the Malaga province. This figure is closer to the figures normally seen in the peak months of July and August.
More signs of improvements in the tourist industry have been shown in the employment figures for March which are showing employment to be at 2009 levels. It is expected that June will see hotel occupancy rate rise to 85% which is 2% higher than in 2014 which was a record breaking year for tourism.
This is great news for the tourist sector that has already seen great improvements in numbers over the winter months and Easter and is hopefully a good indication as to how the main two summer months will fare.
June and September in recent times have seen steadily increasing numbers. Not only are visitors capitalising on the great weather but hotels are around 25% cheaper in these two months.
Quality tests find Mijas beaches in excellent condition
Recommendations made by the World Health Organisation that tests should be carried out on beaches to ensure and guarantee bathers safety have been conducted by the Junta de Andalucia regional governments health department on the beaches of Mijas.
The results of these tests determine whether the beaches are safe for beach users to bathe by testing the water quality. The tests carried out found that the water quality was excellent on the beaches of El Charon, La Cala, El Bombo, Royal Beach and Riviera del Sol.
A spokesperson for the Junta de Andalucia stated that the excellent results were down to the year round work to keep the beaches and streams of Mijas clean.
Mortgage approvals up 11.9%
Spains National Stastistics Insitute (INE) have released figures that show that the number of mortages granted in Spain during the month of March increased by a whopping 19.7% compared the same period last year.
Andalucia saw an increase of 11.9% which is slightly lower than the national average but there was only Madrid that saw higher figures when it came to actual mortgage approvals. The data released by the INE confirms that the steps of recovery are ongoing and that there is growing confidence in the Spanish property market. March was the 10th consecutive month of increased mortgage approvals. The end of March saw the end of the 1st quarter which in turn saw over 62,000 mortgages registered which equates to a 22.9% increase on the same period last year.
The average amount loaned has also risen by 27.4% in just 12 short months. This shows that there are recovering property values and more efforts by the banks to be less rigid with their strict criteria for mortgage lending.
The recovery is largely down to the Costa del Sol property market and in particular the British buyer. The British love affair with the region and Spain and with the strength of the pound against the euro has attracted more and more British investors.
Increased confidence in the Spanish property market
Real estate agents in Spain, both Spanish and English speaking have been surveyed for the Spanish Property Market Confidence Index. The results of the survey show that professional confidence within the industry has soared in the last year. The survey showed that 71% of real estate agents working in the Spanish property sector feel more confident than they did a year ago.
Many of the English speaking agents believed that the strength of the pound against the euro is one of the main reasons that the Spanish property market is performing so well. This is shown by the increased number of properties purchased by British investors.
Spanish speaking agents believe that Spain’s ever improving economy along with a more sensible and professional approach is increasing the confidence of potential investors which is helping confidence grow within the industry.
The Index showed that there were over 90,000 property transactions in the first quarter of 2015. This is an increase of 9% compared to the first quarter of 2014.
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