Costa del Sol Still Among Cheapest European Holiday Destinations, Survey Shows
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| Fantastic weather, food lifestyle and the welcoming Spanish people |
The annual Post Office Travel Money survey is a great way for holidaymakers and homebuyers alike looking to see where they can get the most for their money.
Over recent years, Bulgaria has emerged as a viable holiday destination for those in western Europe, propelling the country to the top of the charts. Bulgaria may not have the most charm, the best food, or the most family-friendly attractions; it does have great weather, better beaches, and incredible value for money.
Even though prices in Spain are up an average of 25% compared to 2012 when Bulgaria entered the Post Office survey, prices have dropped in the Costa del Sol.
The survey shows that the cost of holiday essentials has dropped by an average of 14% compared to 2012 in the Costa del Sol. It’s expected that prices have dropped by 3% in the past year alone.
This is coupled with the fact that property prices are an average of 40% below the peak values of 2008 to make the Costa del Sol an attractive when it comes to choosing a holiday or investing destination.
This reduced cost of daily essentials is connected to the improved economic performance of Spain. While the economy is strengthening and growing at one of the fastest rates in the Eurozone, there is a “lag” in the costs of good catching up, meaning that prices in coastal regions such as the Costa del Sol are expected to remain cheap for another two years at least.
