How Will Spain’s New High Tech Transport Network Affect The Property Market?

Just over the last few days we have heard very encouraging reports from Spain with regards to the growth of the country’s high tech transport network.  A high speed train link between Barcelona and Madrid has just been unveiled, with speeds of up to 185 miles an hour recorded on the first ever train journey.  However, this is just the latest in a long line of high speed links in the country, and with more to follow there is speculation that we may see another boom in the Spanish property market.

While Spain already has the main components of a vibrant property market, thriving economy, both local and overseas property investors and a good infrastructure, many of these are centred along the coast and the major inner cities of the country.  There are still many areas of Spain which have effectively been out of bounds for the property market because of their location, local economy and lack of interest.  However, the news of this recent high speed train link and news of yet more links to come over the next 4 years should ensure that more and more of the Spanish countryside is opened up, attracting increasing interest from a whole host of groups.

On the surface the introduction of the high speed link, and others to follow, may seem a little surprising, it has been on going for many years.  Unlike areas of the world such as the UK where high speed links have been promised for decades, the Spanish have actually gone out there and done it.  They are by far the largest investor in the high speed train industry, with over five times as much track planned than nearest rival Japan.  There are also ambitious plans to link the country’s high speed train network with that of France, which will mean travellers would be able to catch a high speed train from London to Madrid.

These are the kind of moves which the property investment market has been crying out for, the chance to open up yet more of Spain’s beautiful countryside to investors and tourists.  While many of these out of the way local communities struggle to survive, the new links will also open up new employment markets for those able to use the extended transport network.  The traditional holiday resort / coastal property market could well see some investment funding diverted to new and exciting markets more inland.

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