Huelva, Costa de la Luz, Andalucia property market secure.

Official figures published by the Spanish government show property prices increased by 7.2% in the first quarter of this year. Furthermore, despite some lengthening sales times and temporarily unsold properties in some locations, the report predicts that property prices will actually continue rising by at least 6% in Huelva province, Costa de la Luz, Andalucia, as well as in other popular areas such as Galicia, Asturias, Castellon and Murcia, compared to 1.1% in Barcelona, 2.8% in Malaga, and 1.2% in Santa Cruz de Tenerife.

There have recently been some reports in the British press painting a somewhat gloomy picture for foreign home-owners with unfounded speculation as to a potential property crash in the wake of plunging shares in the UK. However, Huelva, which has a smaller percentage of holiday homes than other regions, enjoys a significantly more sustainable market and is forecast to remain secure in the long term.

According to a new study, 30% of Spanish property experts surveyed consider Huelva, Costa de la Luz, Andalucia, to be in the forefront of the present coastal development booms. An independent British property expert has been reported as point out that articles in the British press early this year announcing a lull in certain sectors of the Spanish property market were more than premature in view of the fact that the Spanish economy actually enjoyed 4% growth in the first quarter, as well as the Madrid stock market hitting new highs in June.

Any over-supply is expected to be mainly confined to Catalonia and Valencia. The average cost to build per square metre in the province of Huelva, Costa de la Luz, Andalucia, is 2,382 Euros for apartments and 2,800 Euros for houses.