Investment in Costa Blanca spells good news for property owners
It has been a hard 18 months for property owners and developers in the Spain but there is definitely some light at the end of the tunnel for the Costa Blanca this week.
The new airport, under construction near Murcia City, was touch and go for a few months in 2010 when, amongst other things, funding dried up. Thankfully it is all forging ahead again and construction is making great headway. The delays have meant that the opening of the airport has been put back by 10 months and should now open late summer this year. Naturally there has been extensive bickering about the delay to the airport and it is certainly not ideal that the high volumes of traffic that was hoped for in the summer will be using other airports. The fact that the airport has gone ahead is credit to Spain and the determination to keep the Costa Blanca ahead of the game and planning for their future.
The airport is expected to triple the number of visitors to the area. It will have the positive affect of increasing competitive flight prices and also increasing rental incomes in the areas for landlords.
Ignacio Osle, Sales & Marketing Director of Taylor Wimpey de España comments: “Rental occupancy should definitely show an increase after the opening of the airport although it is very hard to state hard figures in a market like this. The Costa Blanca has been through a challenging period but seeing the Government and financiers investing in the infrastructure of the province is immensely reassuring for both current and prospective property owners.
“At Taylor Wimpey de España we have deliberately slowed our development pace in the area to mirror the economy but we are happy with the way our properties have been selling and we are quietly confident that as long as the current pace of enquiries and sales continues that by the end of the year we will be seeing a stronger flow of prospective buyers through the door.”
Alicante airport saw a 2.7% increase in traffic in 2010 which was amazing considering the number of Brits that stayed away last year. Travelsupermarket.com, have recently completed a survey about holiday plans for 2011. They state that the number of customers wishing to take an overseas holiday this year has risen by 4% and the number of holiday makers that are considering taking 3/4 short breaks rose from 21% to a staggering 32%.
The survey also shows that Spain is the most popular choice overall and Britain is going to lose out, as people planning on braving a damp summer in the UK has dropped by 16%. Spain appears to be a top choice, benefiting from a weak Euro and the fact that accommodation owners are fighting for business which is driving the rental prices down.
Taylor Wimpey de España’s Osle goes on to say: “Possibly the best long term news that we have received is the green light for the Paramount Studios theme park which now looks like it is definitely going ahead. Obviously a development of this size will take several years to plan and build but in doing so will bring many jobs to the area. The investment in our local infrastructure of €555.7 million will ensure that by the time the park opens its doors there will be enough airlines and high speed rail links in the area to serve a theme park of this magnitude.
“As a property developer in the area we are naturally thrilled that the Costa Blanca has been ear-marked for this project and we are very confident that this will bring further wealth to the area – not to mention greater opportunities for our home owners! Our closest resort to the proposed site is just over 50 miles which makes the journey very acceptable for a great day trip.”
For more information contact Taylor Wimpey de España today on 08000 121 020 or visit www.taylorwimpeyspain.com.
Notes to Editor:-
An example of a development being offered by Taylor Wimpey which is only 40 miles to the new Murcia airport and 50 miles to the proposed Paramount site is Brisas de Alenda priced at only €189,000.
Brisas de Alenda, Alicante, Costa Blanca
The private complex of beautiful 3 bedroom townhouses of Las Brisas de Alenda is located in the peaceful and quiet area adjacent to the Alenda Golf Course. The wonderful beaches of the Costa Blanca are just a 15 minute drive.
The townhouses are provided with fully-furnished kitchens, equipped with a vitro-ceramic hob, extractor hood and oven as well as air-conditioning with heat pump, and fitted out wardrobes. All homes are set over two floors with spacious terraces, gardens and two bathrooms.
Las Brisas de Alenda has generous private gardens, a communal swimming pool and a club house. A gym, bar and restaurant are all being incorporated into this development.
These properties are available now from €189,000, Contact Taylor Wimpey de España today on 08000 121 020 or visit www.taylorwimpeyspain.com for more information. If you reside outside of the UK you will need to call 00 34 971 706 244.