| FAIRWAY VILLA, PHASE 1 |
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| Location: HACIENDA DEL ALAMO |
| Floor space: 225 sqm |
| Bedrooms: 5 |
| Purchase price on application |
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Condition: Clear
Temperature: 7°
Humidity: 46%
Wind: NW at 10 mph |
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NEWS
| RAILWAY |
August 24th, 2011 |
The Presldent of the Community, Ramón Luis Valcárce|, and President of the Generalitat Valenciana, Alberto Farbra, met at the Palaclo de San Esteban de Murcla, have met to address issues of interest to both communities.
One of the first items raised with other leaders was strategies regarding the Mediterranean Corridor route from France to Algeciras, initially described as a priority project of Trans-European Network.
The Government of the Reglon of Murcla strongly supported the Axis Rail Mediterranean on its way through Spanish territory, including passage through the regions of Andalucia, Murcia, Valencia and Catalonia.
The development of the Mediterranean Axis Rail in its entirety is the only chance for Spain to become a major intercontinental logistics platform, due to the growing importance of trade with Asia and North Africa.
Furthermore, it is a strategic corridor for the European Union, to unite northern and central Europe to North Africa by the shortest and most economic activity and freight.
Therefore, the regional government will maintain, together with the Government of Valencia, its full support to the inclusion of Axis Rail Mediterranean in its entirety.
Sol Times - Costa Calida, Issue 192, 24 -30 Aug., www.soltimes.com, page 2, under Local News
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| SPAIN SEEKS TO BOOST PROPERTY MARKET |
August 24th, 2011 |
Spain's government halved the tax on new home purchases on Friday in a fresh move aimed at stimulating the stricken property market while trying to reduce the nation's budget deficit.
Value addit tax on new flats and houses will be cut to 4 per cent from 8 per cent until the end of year following appeals from indebted construction campanies and property developers. They are eager to offload hundreds of thousands of empty homes build during the property boom that ended in 2007.
The weekly cabinet meeting also approved prviously announced measures to raise an extra €5bn for the exchequer this year, in a drive to ensure the public sector deficit is cut to 6 per cent gross domestic product as planned from 9.2 per cent last year.
Half the money will be raised by bringing forward the date of coporation tax payments by big campanies, and the rest by reducing the cost of pharmaceuticals for the public health system, partly by promoting the use of cheaper generic drugs.
"No one can daubt the determination of the government to improve the strength and sustainability of our economy," said José Blanco, public works minister, who appeared with Elena Salgado, finance minister, to explain the new measures.
Josè Luis Rodrìguez Zapatero, the Socialist prime minister, has called an election for November 20 that his party is expected to lose to the rightwing Popular party.
In the meantime, he is struggling to convince sovereign bond markets that Spain will meet its deficit targets to stop the economy sinking back into recession...
Article coutesey of Financial Times
Sol Times - costa Calida, Issue 192, 24 -30 Aug., www.soltimes.com, page 19
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| BRITS TAKE 25% OF SPAIN'S FOREIGN MARKET AS NORDICS FLOOD IN... |
August 24th, 2011 |
British buyers make up a quarter of all foreign property purchases in Spain according to figures from the College of Registrars.
The research shows that UK investors bought one in 4 properties sold to overseas buyers last year, purchasing 4,350 houses overall.
French buyers were the second biggest market, buying 1,627 homes.
There was a noticeable increase in interest from Scandanavia, with 102% increase in Swedish demand and 58% in Norwegian demand.
Overall sales to international buyers rose 4.4% last year.
Mark Stucklin, managing director of Spanish property information website Spanish Property insight, stated that the diversification of the Spanish property market is a good thing.
"It is undoubtedly good news that international demand for homes in Spain is getting more deversified," he said. "The holiday-home market used to be far too dependent upon British buyers, which was a risk that many promotors and the banks' lending to them failed to understand".
"With the process of international diversification sales should slowly start to increase."
Ognacio Osle, sales and marketing director of house builder Taylor Wimpey de España, added: "We are proud to have a variety of customers from all over the world but plenty are from the UK. Brits are and have always been Spain's biggest fans attracted to the easy reach location, sunny skies and laid back lifestyle."
Sol Times - costa Calida, Issue 192, 24 -30 Aug., www.soltimes.com, page 22
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| FLIGHTS AND THEME PARK BOOST FOR SPANISH PROPERTY |
August 24th, 2011 |
The owners of property in Europe hoping to rent them out to holidaymakers will be pleased by a series of new international flights announced by low cost airline EasyJet.
It has announced 20 new flights a week to Europe from Southend International Airport in Essex and five of the first eight routs are to the Spanish Costas, the perennially popular holiday destination for Brits.
Fairs from Southend to Spain will be priced from as little as £25.99 and take off in Apri l2012.
Flight destinations include Alicante on the Costa Blanca, Malaga on the Costa del Sol and the Balearic Island of Majorca. They will boost acces for many home owners in the region, according to Ignacio Osle, sales and marketing director of Taylor Wimpey de España.
'For people buying properties overseas it is very important that they have affordable and easy acces to their property. These new flights operated by E asyJet from Essex are really terrific news for both our prospective buyers and our current Taylor Wimpey de España home owners,' he said.
'The 800,000 people who will be flying into Spain from Essex will all need a holiday apartment, villa or hotel to stay in which bodes well for our existing owners who are keen to let out their homes for healthy incomes,' he explained.
'There is a graet deal of affluence in the South East of England and we look forward to showing the more aspirational around our beautiful show homes. It is difficult not to want to buy once you have seen the fabulous opportunities available here,' he added.
Sales of properties in Spain are also being boosted by the Paramount branded Theme Park to be built in Murcia, another popular destination for holiday makers and second home owners.
'Property is now the cheapest it has been for a decade. If you can afford it, there is no better time to buy. At Mercers, we have seen a small but steady increase in sales over the past 18 months. Prices do seem to have finally bottemed out, vendors either cannot or will not go any lower, and this is creating the necessary motivation for people to buy,' said Chris Mercer, founder of Murcia based estate agent Mercers.
The proposed Paramount-branded Theme Park, tipped to open 2014, could indeed apply upward pressure on local pricing. Predicted to attract up to three million tourists each year and located literally ten minute's drive from Mercers' head office in Mazarron, this park is creating a lot of interest and excitment however this is not yet being filtered back to property prices.
'I think the reason for this is that until work actually starts on the site, people are wary of these grand ideas coming to nothing. If the Paramount branded Theme Park does happen, and indications are certanly encouraging judging by the number of press conferences and official visits by US based Paramount Licensing personal, then a Disney effect is certainly expected for both demand and property prices in the catchment area,' explained Mercer.
'In fact we're already handling a number of clients who have decided it is time to buy a holiday home because of Paramount. Some had been toying with the idea but the Theme Park announcement pushed them ahead,' he added.
Sol Times - costa Calida, Issue 192, 24 -30 Aug., www.soltimes.com, page 21
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| PARAMOUNT THEME PARK COULD OPEN EARLY |
July 25th, 2011 |
Mark Nolan / 2011-07-23 09:27:17
The future is looking brighter for investors, residents and visitors to the south east corner of Spain, after a statement issued by the regional government of Murcia indicated that the much anticipated Paramount Theme Park could be completed a year ahead of schedule and that work might begin within six months.
Some residents of places like Camposol and Polaris World resorts have faced many years of disappointment in their investment properties, however these investments may well soon prove fruitful. With the anticipated opening of the theme park coinciding with the high speed AVE train between Madrid and Murcia, as well as the new regional airport at Corvera, located just 20 minutes from the development site of the park and with excellent link roads already starting to take shape, this area is about to explode onto the map of Spain.
Chris Mercer of Murcia-based agent Mercers commented, “The airport’s initial capacity for three million passengers a year, including many who currently use Alicante, was said to be key to securing the flagship project.
Murcia International Airport will also become the first airport in Spain to be crossed by a high-speed rail link (AVE) and the third, after Barcelona and Madrid, to have a rail link at all – further opening up domestic and international traffic to the Theme Park. Before long a European spotlight will fall on this area and our property sales to those keen to cash in on future lucrative rental opportunities are already rising.”
The main infrastructure of the theme park is estimated to cost around €300 million, with additional investment in the region of a billion euro expected for the building of hotels, shops and retail facilities, which will be completed in stages and be part funded by private enterprise.
The complex will be built on 108 acres of land of which 37 acres will be dedicated to the theme park itself. This theme park will become the biggest in Europe, attracting around five million visitors per year, 50% more than Spain’s current largest theme park, Porta Ventura.
As previously reported by the Leader, the site will also have cinematographic studios, which will be the centre of all Paramount’s productions in Europe.
Theme parks are still very popular in Spain, although they are not without their own problems. Terra Mitica opened for the 2011 season with a new management team and a plan to turn around its previous financial difficulties, partly by selling land and creating a more compact and ‘family friendly’ facility. The Warner Brothers Park in Madrid is still as popular as ever, never failing to please the millions of people who have visited that attraction since the doors opened for the first time in 2002. There are also plans in place for expansion, which it is hoped will be completed by 2015.
Spanish property prices in general are still in decline, but this news is expected to provide a boost in investment from those looking to buy a home in an up and coming area and those looking for potential rental income, as well as large corporate investors and banks, thus kick starting a much needed rise in interest and funding.
THE COSTA CALIDA INFORMER »
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