Foreign tourists are splashing the cash in Spain according to figures prepared by the country's Ministry of Industry, Energy and Tourism. The government body found that 38 million euros was spent by visitors to Spain in the first eight months of 2012, a 6.2 per cent increase on the same period in 2011.
British tourists were the most willing to raid their piggy banks, spending an average of €107 per person per day while on their Spanish holiday. In total Brits to Spain spent 7.7 million euros, an increase of 6.7 per cent over the first eight months in 2011.
The Balearic Islands held the top spot for the highest tourist spend of any Spanish region in August 2012 with 2 million euros being spent by holidaymakers. This was an 8.2 per cent increase in spending over the same period last year, and a sign for many that our love affair with visiting and investing in Spain is far from over.
"It's no surprise that foreign spending has increased in Spain this year particularly among British tourists who have been bagging more for their buck considering the strength on the pound over the euro,” commented Mark Pritchard, Sales and Marketing Manager at Taylor Wimpey España.
"And it's not just tourism spend that is on the up. We at Taylor Wimpey España have seen an 11 per cent increase in September sales over the same month in 2011 while on the Costa Blanca for example, we've experienced a 76 per cent in property sales this year compared to last."
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