Luxury Real Estate

Courtesy of Kirsty Bryson of Luxury Homes by VAPF

The President of the Valencia Region of Spain, Mr. Francisco Camps, said that the launch of the new high speed railway this December, linking the Spanish capital Madrid to the coastal city of Valencia, and the construction of the Mediterranean Corridor will multiply wealth expectations and competitiveness in the tourism sector. Mr. Camps expressed these words during the presentation of the Global Strategic Plan of Tourism of Valencia for the next ten years, which will reach 27 million tourists.

Thanks to this new fast connection with the capital, Spain is soon to overtake France and have the longest high-speed rail network across Europe and rank third in the world, something likely to create jobs and boost the country’s profile as a place with great transport links and accessibility. The new service will mean that Spain will then have over 2,000 kilometres of rail track compared to France which has 1,900 kilometres of rail track. The new link to Valencia will make the journey from Madrid only 90 minutes long, down from the current time of four hours. President Camps also made reference to the diversification of tourism that has taken place in the Valencia Region, noting that "the sector has been able to look into other fields and different ways to continue growing strongly into the future."

Specifically, the President Camps stressed that, in addition to maintaining traditional European markets, the tourism industry has opened up new markets like Eastern Europe or North America.

Referring again to the high speed train, known as the AVE, Camps pointed out that this infrastructure also must eventually reach the cities of Castellón and Alicante creating the “Mediterranean Corridor ", because only this way will the high speed railway effectively reach the Valencia region, made up of 3 provinces, Castellón, Valencia and Alicante. The AVE is a further boost to the tourism situation in Valencia.