Due to the increase in British property buyers and the strengthening sterling against the euro, leading UK building company Taylor Wimpey is due to begin construction of a number of small property developments in various parts of the Alicante province. The company aim to use some of their prime sites it previously acquired before the economic downturn to build developments of up to 30 properties in areas such as Bétera, Calpe, Monforte de Cid and Rojales.
Property market opening up to young Spaniards:
Spanish sales director, Victor Sagué, said "sales have been steady over the last year with 200 properties sold". Taylor Wimpey hopes the current trend continues so they can keep building. Señor Sagué added "the company had reduced its prices by between some 20 to 35 percent and this has meant that a detached property with a garden valued at 180,000 euros, which was originally planned for sale to British buyers, has now become affordable and have been purchased by young Spanish buyers as their main residence".
In a bid not to overstretch during this tentative period of recovery in Spain's beleaguered property market, Taylor Wimpey will not embark on a massive building programme but will instead opt for small developments of up to 30 quality properties. According to Señor Sagué the company will build properties in the medium to high luxury level and they will be promoted on the British, German, Dutch and Danish property markets.
Green shoots of recovery for the Spanish travel and tourism sector:
While the news from the real estate sector in Spain is positive, it was even better news from UK tour operators TUI and Thomas Cook who said bookings for this summer have gone up 10 and 15 per cent respectively. Hosbec, Antoni Mayor, the president of the 'Benidorm & Costa Blanca hotel owners association' (BCBHOA) said that last week the two companies sold 60,000 package holidays significantly more than in 2009 and the forecast for this year is that the travel and tourism sector will recuperate its huge losses sustained in 2009.
Hosbec fears that national/domestic tourism will suffer if the economic crisis in Spain continues and that the national market which has traditionally bolstered low visitor numbers (particularly in off peak times) from other countries may continue to shrink as a result.
Alicante international airport have reported a significant increase in numbers passing through their terminals.
A recent survey carried out in the UK has shown that those holiday makers who stay-vacated in the UK during in 2009 have made plans to travel abroad this summer. Spain came out on top in the survey with Malaga as the first choice followed closely by Alicante region in second place and Murcia runners up in third place. Countries in second and third place in the survey were Greece and Italy respectively. Not at all surprising then that Greece was indeed in second place given it's current economic situation and the anticipated massive savings to be had by holiday makers and property buyers alike. Greece was only just 'pipped to the post' by Spain because of Spain's close geographic location to the UK making it preferable to UK holiday makers with small children only having to endure a 2 ¼ hour flight as opposed to 4 hours to runners up Greece.
Article Source: http://www.bharatbhasha.com
Article Url: http://www.bharatbhasha.com/real-estate.php/223094
Article Added on Wednesday, March 10, 2010
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