Spanish Property News

I discussed some time ago the likelihood of the rumoured Spanish Disneyland being constructed in Murcia and at the time it seemed there was no evidence to back the rumours.

However I've just read an article which provides promise for those who already own property on the Costa Calida and those considering buying here. The Minister of Culture of the region of Murcia is in talks with Paramount Studios project team regarding the construction of a massive theme part in the region, to rival Disneyland in Paris. It appears it is still very early days but a team are due out to conduct feasibility studies which should be completed by the end of April.

Murcia must be a great contender as not only does it have the obvious good weather factor, it will be served by 2 international airports, a high speed rail link and a good motorway network.

A theme park of this scale would of course draw a truly international crowd to Murcia - and give the whole area a huge tourism boost.

Watch this space for any further news.....

***Latest Update**** - UK readers at the moment will be all too familiar with the twists, turns and tales of politics - and now in Murcia we have our own share of political muddy water. While the regional government announced the beginning of the Paramount studio feasibility studies the opposition have gleefully announced that Paramount studies have denied they are even looking at mainland Spain as a venue for a theme park.

Strange? It gets more confusing. The opposition have now been shown a letter from the Executive Vice President of Paramount which confirms Paramount are interested in exploring the idea.

So what is the truth? Certainly nothing is a done deal. I have read in the local press and indeed on other Spanish property websites that Paramount have definitely chosen Murcia for a theme park. This is of course not true. Still, we will continue to watch carefully - the Truth is Out There (somewhere....).



A big thank you to the website http://www.simplynetworking.es for their great reporting & features.

Labels: Buying Property on Costa Calida, property investment murcia, Theme park in Murcia

While tourism in Spain as a whole suffered a 6.1% decrease this July compared to the previous July, the region of Murcia saw a 24.3% increase in visitors.

A survey conducted by Frontur for the Department of Industry, Tourism and Commerce reveals that during the month of July the Region received 119,867 foreign tourists compared with 96,462 in 2008.

Certainly having just experienced July and August here in Murcia we can confirm that it was a busy holiday period. It certainly helps that Murcia has a good choice of low cost airlines arriving at Murcia airport, a great climate and a fabulous coastline. Just the right mix for the perfect overseas property location.....and with some great property offers available why not start your search now?

With thanks to The Costa Calida Reporter online newspaper for the Frontur data.

Labels: Buying Property in Murcia, Buying Property on Costa Calida

We looked at the Tina House Price Index some months ago and saw that it had suggested the Spanish Property market was bottoming out.

Now five months later the figures certainly seem to confirm this. The steep decline in Spanish house prices seems to have abated and instead we are seeing prices declining by approximately 10% year on year. This means that those Spanish Property buyers who have been sitting back and waiting for the lowest prices can now consider moving into the market. There are some good discounts to be found on Costa Calida property but as the index suggests property prices are now remaining static. If you would like to take advantage of these discounts while they are at their best, contact us now.

Labels: Buying Property on Costa Calida, Discounted Spanish Property