Great news for Sotogrande property owners, as Andalucia eyes a tourist resurgence over 2022 and 2023
How confident are the powers-that-be in Spain that the country’s tourism industry is set for a return to its pre-pandemic state of health? Well, key figures in the Andalucia region are certainly expecting a major renaissance in this area of the country over the course of 2022 and 2023.
This much was reported by the SUR in English website, which stated that the Junta de Andalucia anticipated no fewer than 26 million tourists in the autonomous community this year, and a complete recovery of the region’s tourism sector the year after that.
If that does turn out to be the case, it simply spells out one more great reason for those considering buying property in Sotogrande to make their move. With many owners of homes in this exclusive area of the Costa del Sol choosing to rent them out to tourists, if you are one of those property owners during 2022 or 2023, you could be quickly reaping the benefits.
“2023 will be the definitive year for the recovery of tourism”
The SUR in English report cited Juan Marín, the Junta de Andalucia’s Vice-President and Minister of Tourism, as saying: “2023 will be the definitive year for the recovery of tourism, an industry that accounts for 14% of GDP, generates more than 430,000 jobs and that drives tourism nationwide. And that is good news for those who want to invest and work in Andalucia.”
It’s easy to see why those responsible for overseeing Andalucia’s tourism industry are so confident. The region fared better than expected on this front in 2021, attracting some 20.6 million visitors, despite the continuing challenges posed by the pandemic.
President of the Junta de Andalucia, Juanma Moreno, added: “It is enough to point out that Andalucia is the leading community in national tourism and that for the first time it has led the national market, surpassing Catalonia, the Balearic Islands and the Canary Islands, and that means that a great job has been done when the main international markets have closed.
“No one has the slightest doubt that Andalucia will once again exceed the mark of 32.5 million tourists in 2019.”
With its enduring appeal, property in Sotogrande is one of Spain’s safest bets
At this point, you may be thinking… well, the prospects for Andalucia tourism are strong, but surely, no one can be entirely confident about the future direction of the pandemic?
This much is true – but one thing that is certain is the sustained attractiveness of Sotogrande property over time. Historically, the prices of houses, apartments and villas situated within this highly desirable residential development have held up well, even during times of uncertainty such as the late 2000s economic slowdown, Brexit and the coronavirus crisis.
That, combined with the considerable lifestyle attractions and stimulations served up by this part of Spain, helps to make property in Sotogrande a more than safe bet for investment.
To learn more, then, about how you can realise your own Spain property dreams with advice and assistance from the BM Sotogrande team during 2022, please don’t hesitate to get in touch with us via phone or email.
Blog Post 21/01/2022