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Boost for Investors
25/04/2008
Spain and Portugal are to build new airports to support their booming tourism industries...
Of the two airports, one is to be built in Huelva in Spain’s southern Andalucia region, not far from the Spanish Portuguese border. News of the new airport is being greeted locally as a good thing, adding healthy competition to both Faro and Seville airports. The second planned airport, set for just south of the Portuguese capital of Lisbon at Alcochete. Both are located in
areas that are “increasingly popular” with tourists. The new Portugal base should further boost well-liked destinations on the Silver Coast and the Algarve, while the Spanish development should improve access to the western Costa de la Luz.
Boost for investors
Both airports are expected to be finished by 2012, although this date is subject to change. The announcement is great news for investors with property in either of the areas, as it has been proven time and time again that the introduction of new flights to an area has a positive effect
on property prices. Portuguese Prime Minister Jose Socrates commented on the location of the new Portugal airport: “Alcochete is the best option, both technically and financially…and
beat Ota on four of the seven crucial criteria’, which were safety, natural resource sustainability, economic and social development, and financial evaluation”
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