Now could be a good time to pick up a bargain Spain property on the Costa del Sol.

According to Digital Journal, the fall in property prices is luring bargain hunters to the area.

Recently established businesses are also showing signs of conquering the recession.

Andy Golding, Marketing Manager at yourVIVA, told the website that he expects gradual increases in property values to start as the economy worldwide stabilises.

He added: " The attractions and opportunities of Spain will always remain drawing holiday makers and settlers alike, so future prices will certainly rise ensuring a buoyant property market."

Celebrities are also taking an interest in investing in the area.

James Hewitt, friend of Princess Diana, launched his bar The Polo House in April and England and Tottenham Hotspur footballer David Bentley invested in Marbella’s Buddha Beach Bar earlier this year.

The Costa del Sol will be host to the Feria y Fiestas 2009 festival between July 7th and 12th this year in the town of Estepona.

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