The opening of Corvera airport near Murcia City in Spain is expected to triple the number of visitors to the region, increase competitive flight prices and increase rental occupancy in the area by 25%, it is claimed.
Demand for rentals in the area is already up with Alicante airport alone seeing a 2.7% increase in passenger figures in 2010 and further infrastructure improvements are also set to have an effect, according to Atlas International.
Some €555.7 million has been set aside in Spain’s 2011 budget for improvements projects in the Alicante region and this includes the high speed rail link to Madrid.There is also the green light for the Paramount Studios theme park to go ahead in Murcia that is expected to create 20,000 jobs and attract three million visitors a year, adding to demand for property and rentals in the area.
The region is also expected to spend more money promoting itself. Torreveija city council has set aside money for advertising and promotional campaigns.