For anyone thinking of where to buy a second property, either for personal use or as an investment, one of the key factors to consider is accessibility. For most property owners, flying is the quickest, easiest and often cheapest option and so with this in mind we look at the global property markets set to take off in 2011.
France – the number one tourist destination in the world and the most sought-after second home destination with Brits will be sure to go from strength to strength in 2011. With the winter season already underway, the French Alps are buzzing with activity as snow enthusiasts search for that perfect Alpine chalet.
Responding to this seasonal demand, British flag carrier, British Airways has launched a new route from London City Airport to Chambery, the gateway to the French Alps. Commencing in December the BA CityFlyer service will operate flights four times a week until March 2011 enabling Britons to visit the popular French ski destination for long weekends as well as traditional week long stays.
Ed Scott, French ski property expert at Experience International, comments: “The new route operated by BA from London City to Chambery is sure to be warmly welcomed by skiers especially due to the frequency of flights which allow greater flexibility. Chambery is the gateway to the world class skiing of the French Alps with resorts such as Val d’Isere, Tignes and Saint-Martin-de-Belleville nearby.”
Spain – The short flight times (the majority of Costas can be reached in less than 2½ hours) have ensured that Spain remains a second home hotspot despite the downturn. Sun, sea, sand and sangria attract millions of visitors year after year, creating a thriving tourism and in turn, rental accommodation market. Confidence is returning to the Spanish market with Malaga ranked the second most popular city according to the latest Skyscanner data and easyJet launching a new thrice weekly route from Liverpool’s John Lennon airport to Gibraltar, just one hour from the popular Costa del Sol, starting in late March 2011.
And it’s not just the Spanish mainland which is proving popular. The Balearic island of Mallorca is set to receive a boost in 2011 with Aer Lingus adding a twice-weekly service from Cork in southern Ireland to Palma de Mallorca.
This news is welcomed by Taylor Wimpey de España which has already announced doubled property sales figures in Mallorca this week from the previous year. Victor Sague, Sales Director of Taylor Wimpey de España said: “Mallorca is quite rightly seen as a jewel in the Mediterranean. The Irish – coming from their own Emerald Isle – have always enjoyed Mallorca and it is great news that it will now be even easier for them to travel here.”
The Philippines – from just one island paradise to over 7,000, the Philippines is certainly a market to watch in 2011. A new entrant in the ‘Skyscanner most popular cities searched for’ report, the capital Manila is the gateway to the ‘Pearl of the Orient’. Visitor numbers from the UK are steadily rising with 11 per cent growth recorded from January to July 2010 and over 100,000 British visitors expected by the year’s end (Philippines Department of Tourism, 2010).
As Steven Worboys, MD of Experience International which sells property on Mactan Island, just one hour on from Manila, comments: “The Philippines holds a great deal of potential, with a wealth of natural resources, a dynamic and progressive business outlook and a population committed to future prosperity, 2011 is set to be a fortuitous year for this Asian nation.”
Albania – For the more adventurous property investor, one emerging market to consider next year is the Balkan nation of Albania. Ravin Maharajah, Sales Director of Lalzit Bay, a luxury resort and spa located on the stunning Albanian coast explains: “Albania is establishing itself with the UK as both a top tourism destination and a hot property market in its own right. With affordable property prices, strong capital growth rates of 20 per cent and over three million tourists expected in 2010, Albania presents a highly attractive investment opportunity.”
Reaching Albania, which is located just 45 miles across the Strait of Otranto from Italy, will now be even easier in 2011 due to the new flights operated by Albania’s own Belle Air. Commencing in December 2010, the twice-weekly flights will operate from London Stansted to the capital, Tirana, just 30 minutes from the popular coastal town of Durres near Lalzit Bay. As Maharajah goes onto say: “Access to Albania has been available via British Airways from London Gatwick and Austria, Lufthansa and Alitalia from London Heathrow, but new flights opening from Stansted will allow more visitors to travel to our hidden gem in Europe.”
For more information on new flight routes and where to invest in 2011 contact Experience International on +44 (0) 207 321 5858 or visit www.experience-international.com, Taylor Wimpey de España on 08000 121 020 or visit www.taylorwimpeyspain.com and Lalzit Bay Resort & Spa on 0845 125 8600 or visit www.lalzitbay.com.