Obelisk International

A traditional favourite with British holidaymakers, the small island of Malta is hoping to attract the luxury property investor.

If the idea of owning a luxury asset to use occasionally appeals or if your budget does not stretch the whole way, fractional ownership may be for you.

The Costa del Sol was Spain’s top tourist destination in April, beating other popular tourist spots such as the Costa Brava and the Costa Blanca.

According to the Malaga Provincial Association of Builders and Developers, the Costa del Sol has a stockpile of just one year’s supply of new properties.

In the annual state of the nation debate held last week, Spain’s President announced a package of economic measures designed to boost the Spanish economy.

Obelisk Investment Property’s Market Analyst, James Gonzalez, is sticking his neck out and predicting that those who invest in the Spanish property market now, particularly the Costa del Sol, could be reaping rich rewards by 2010.

‘Repossession in Spain’, ‘Spanish Repo’, ‘Distressed Properties in Spain’ ... These terms are now commonplace on websites dealing with Spanish property. For most buyers, these terms all mean one thing – cheap property in Spain.

Brazil had one of its best years ever in 2008 when the country’s GDP growth was among the highest in the world. Recent statistics for April show that Brazil is also firmly on track to lead the world’s economy in 2009.

The US’s recent announcement of the lifting of restrictions on visits and transfers to Cuba is predicted to bring a huge boost to the island’s economy, tourism and by extension, property investment.

Despite the current global economic slowdown, the Costa del Sol has just experienced record tourist figures for the Easter period, proving that the area remains one of Europe’s preferred holiday spots as well as property investment destinations.