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Corvera Airport Update

Corvera Airport Update


The president of AENA Jaime Garcia-Legaz has recently revealed further details about the progress being made towards the opening of Corvera airport. He has stated that there is still a lot of work to be done before the Region of Murcia International Airport can welcome its first flights but that in his opinion the airport should open between the 7th and 15th January 2019.

This date is slightly later than the December 2018 opening which was mentioned previously, however this would indicate that things are progressing towards obtaining the necessary licences and permits. He also stated that it would be logical to wait until after the busy Christmas period before the transition of flights from San Javier airport so any initial teething problems can be dealt with during the quieter period of early January.

Negotiations have already commenced with Ryanair, Easyjet, Iberia Express and Volotea concerning possible routes into and out of Corvera. It is expected that the choice of routes available to clients will only increase with the current schedules being maintained. It has been confirmed that there will be a public bus service to and from the airport but specifics haven’t yet been published as this will depend on the frequency of flights.

Sheraton to manage 5 star hotel on the Hacienda del Alamo Golf Resort, Murcia.

Murcia Properties

It has been announced that the hotel chain Sheraton have taken over the management of the 5 star hotel on the Hacienda del Alamo Golf Resort. This comes shortly after the news that Corvera airport, which is only 7 km from the resort, will open at the end of this year. They plan to re-open to the hotel under the name Sheraton Hacienda del Alamo and this should take placed in July 2018.

The hotel currently occupies a plot of 38,500 sqm and has 154 rooms and suites. Facilities on-site include a spa, swimming pool complex, basketball courts, tennis and padel courts, a bowling green, football pitch as well as the 18 and 6 hole golf courses. These were designed by Dave Thomas and the main course which was opened in 2004 is of international standard. The hotel will also provide a congress hall and various meeting rooms.

It is hoped that the hotel will provide a boost to the local economy by providing 120 new jobs and obviously attract additional visitors to the both the resort and local area.
The opening of the hotel will undoubtedly provide a welcome boost to property sales on the resort and provide current residents with additional amenities.

IS SPAIN THE NEW INVESTMENT COUNTRY OF CHOICE??

INVESTMENT

In 2017 Spain became the world’s second most visited country with a record 82m visitors according to the PM Mariano Rajoy. This takes Spain ahead of the USA for tourist numbers, an impressive achievement and a 9% increase on the previous year. The number of visitors to Spain has increased every year for the last 5 years and this is despite the Barcelona terror attacks and Catalonia crisis. The only country with more tourists is France but this may change shortly.

The all year round mild weather, great food, modern transport facilities, unspoilt scenery and a rich cultural background make Spain a great touristic hotspot. It also has over 579 blue flags issued for it’s beaches, nearly double its nearest rival of Greece.

In addition to the above Anticipa, a leading real estate analyst in Spain, is predicting a national property price increase of 6.1% in 2018 with the expected number of properties to be sold at 526,000. However even with the expected increase the average Spanish property will still be valued at 27% lower than in 2008.

All of the above are contributing to the number of property investors who are now returning to Spain after the property slump of 2008. For a while it has been the UK that was the destination of choice for investors but with the growing uncertainty over Brexit and high prices Spain is now becoming an attractive proposition for many. According to a poll by Knight Frank of leading real estate investors, 20% of those consider Spain as their preferred investment opportunity with the UK accounting for just 12%. The reasons for this are a strengthening Spanish economy, attractive prices and a good choice of available units.

For those considering an investment now is the perfect time to start considering your options and finding our whether the purchase of a Spanish property is the right option for you.

Murcia News – February 2018

Murcia News
 
It has recently been announced that the long awaited opening of Corvera airport will now take place in December 2018. This will mean that San Javier (Murcia) airport will close. At present Ryanair have announced that they will move their operations to the new Corvera airport and we are awaiting further news of other airlines plans. 
 
The saga surrounding Corvera airport has been a long and convoluted one and with an opening date now agreed this can only be good news for future growth within the region.
 
Other news surrounding property prices is also encouraging. Data released has shown that the market price per square meter has risen by 2% to 990 euros per square meter. This price is still 38% lower than in the last quarter of 2007 when prices were at their peak. The increase in prices although small is a good indication that property prices are moving and anyone wanting to secure a property should consider commencing a search sooner rather than later in order to benefit from the excellent value currently being offered.
 
Brexit is another important consideration for UK buyers. Indications are that life in Spain for UK nationals who are resident here prior to Brexit will not alter considerably. Many government officials have made statements locally to allay fears of current residents and it seems that they are hoping to make the transition as easy as possible. 
 
Anyone considering a purchase would be wise to consider doing this prior to Brexit rather than wait until after as additional bureaucracy will no doubt become necessary in order for non-EU citizens to purchase within Spain.
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