Cheap airlines boost overseas house prices

Easier Property report that, "Properties located near airports served by low cost airlines are nearly 40% more valuable than others, according to the results of a landmark survey carried out by Savills Research and Holiday-Rentals.co.uk."

In a quote from the article, Jacqui Daly, of Savills Research comments:

“Interestingly, the established, medium-distance destinations such as Cyprus and the Canary Islands, where the flight time is about 4 hours, achieve the greatest capital value premium because of the availability of low cost flights.”

As more and more cheap airlines offer flights - for around the price of a cup of coffee - to Tenerife and the Canary Islands, this finding brings both good and bad news.

Whilst it will inevitably bring more foreign money into the islands, of course, at the same time, it will rise prices yet further beyond the reach of local people.

Cheap airlines boost overseas house prices

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