Spanish mainland holiday home market double dips

Property prices on Spain’s Mediterranean coast are now falling at nearly double the rate they were a year ago, according to TINSA.

The index shows prices in the region fell 9.5% in the year to the end of July 2011, compared with price falls of 5% a year earlier.

Interestingly, the pattern is not repeated on the Balearic and Canary islands where prices fell just 2.5%, significantly below the average Spanish house price fall of 6.4% and well below the declines seen in mainland coastal regions.

The most obvious explanation for the disparity is that the Balaeric and Canary islands have less issue with oversupply than areas such as the Costa del Sol.  It is also likely that the statistics from these island destinations reflect the higher proportion of international buyers as a proportion of the total market. 

Double dip

After sharp declines in 2009, the rate of price falls began to slow in 2010, prompting speculation from some commenters that the market was beginning to stabilize.

However, it seems much more likely that an illusion of stability was created by loose monetary policy (quantitative easing, low interest rates) and more importantly by Spanish banks not releasing stock onto the market.

The property boom was created by a huge credit bubble and the bust will not be over until the banks complete a painful process of de-leveraging.   This means even tougher lending conditions and further increases in supply.

Of course the average figures are always misleading and a few prime areas will escape relatively unscathed. 

If you want more information about the property market in the Canary Islands, especially in Gran Canaria and Fuerteventura  GoldAcre Estates can help you. Great properties for sale, businesses, plots are available, if you are interested click on the following links:
http://www.goldacreestatesgrancanaria.com/english/index.asp  or

http://www.goldacre-estates.com/english/index.html

Source: Global edge

The Irish company Ryanair, carried more than a half of all Spain´s tourists in July, Gran Canaria and Tenrerife being one of the favorite destinations

The Irish company Ryanair, carried more than a  half of all Spain´s tourists in July, Gran Canaria and Tenrerife being one of the favorite destinations

According to Ryanair, passengers flying to Spain Increased by 800,000 in July, which represents a rise of 25% compare to last month. During the month of July a total of 1.4 million passengers went to Spain, half of them with Ryanair.

Numbers of Ryanair ’s passenger have grown dramatically in  all its major Spanish airports. The Canary Islands is one of the regions with the greatest rise in Spain. The airport of Gran Canaria saw a growth in traffic of 74% while the airports of Tenerife and Lanzarote experienced a growth of 92% and 89% respectively compare to last month.

The Canary Islands is the only place in "Europe" which offers sun and pleaseant temperature during winter time and it is only few hours  away flight from northern Europe.

So if you are interested in buying or renting a property in the Canary Islands, GoldAcre Estates is there for you and will help you to find the property in Gran Canaria and Fuerteventura that meet your needs.

If you want more information about the Gran Canaria and Fuerteventura click on the following links

http://www.goldacreestatesgrancanaria.com/english/grancanaria/gran-canaria-information.html

 http://www.goldacre-estates.com/english/pages/more/fuerteventura.html

Or about great opportunities in these both islands

http://www.goldacreestatesgrancanaria.com/english/index.asp

http://www.goldacre-estates.com/english/index.html

The XV festival of theatre, Music and Dance will finish this friday

The XV Festival of Theatre, Music and Dance in Las Palmas de Gran Canaria will finish this Friday with the adaption by the Galician Centro Dramatico of “ La Opera de cuatro curators” of Bertolt Brecht and Kurt Weill. A great play theatre directed by Quico Cadaval, starring the actor Luis Tosar.

A total of 14 companies among local, national and international, have palyed in this Festival that started in early July with the show “Sueño de una noche de Verano”.

The event has changed its concept; it used to be only a festival of art and theatre with very few musical performances. This year we could enjoy a lot of concerts and in different places, not only in Santa Catalina.

Gran Canaria is a great place to live and hopefully tourists had the chance to know better this island and its culture during the festival. There are many things to discover and see, such as playa del cura or playa del ingles and great landscapes all over the island.

Besides to be one of the greatest places to live in Europe, the Canary Islands offers great investment opportunities. Amazing properties, plots, businesses  can be found at a very competitive price, with always a very good rental potential, as the canary Islands attracts more than 10 million visitors a year.

Among all the real estate agencies in the Canary Islands, GoldAcre Estates stands out. With properties for sale in Gran Canaria and Fuerteventura, it has always been one of the favourite agencies for both locals and tourists because of  its international team which can attend its customers in more than 6 languages.

 If you want any further information about Gran Canaria or if you want to invest in businesses or properties, GoldAcre Estates will help and advice you.

Contact info@goldacre-estates.com, call 0034-928535044,

or click on the following link http://www.goldacreestatesgrancanaria.com/english/index.asp

The number of foreign residents increased by 4.4% in the Canary Islands

The number of authorized foreign residents increased by 4.4% in the Canary Islands compare to last year, according to data collected by Europa Press.

  In the end of December 2010, there were in the Canary Islands 250,033 foreign residents with valid residence permits .

 Regarding the country of origin, the first place is occupied by Germany with 28,301 residents, followed by UK (25 295) and Italy (23 352) and Colombia (21,110), Morocco (19 090), Cuba (11,785) and China (8653) .

By provinces, 139,647 of the foreign residents are concentrated in Las Palmas, while 110,386 in Santa Cruz de Tenerife.

The Canary Islands has always been one of the favorite place for north European citizens, especially for British and Germans, but Italians, Belgians and French are more and more numerous as well thanks to the  great quality of life of the Canary Islands. The life is much cheaper as well and great opportunities can be found regarding property.  

GoldAcre Estates, one of the leading real estates company in Fuertevenutra and GranCanaria is a very family and international business. It offers a large selection of property, plot and businesses for sale at a very competitive price. No matter where you’re from, the GoldAcre team will attend you either in English, Spanish, Arabic, German, Greek, Portuguese or French and  will help you finding the property you have always  been looking for.

If you want more information about the Gran Canaria and Fuerteventura click on the following links

http://www.goldacreestatesgrancanaria.com/english/grancanaria/gran-canaria-information.html

http://www.goldacre-estates.com/english/pages/more/fuerteventura.html

Or about great opportunities in these both islands

http://www.goldacreestatesgrancanaria.com/english/index.asps

http://www.goldacre-estates.com/english/index.html

The theme park of Grancaventura will open its doors in the beginning of 2012 in Gran Canaria, Canary Islands.

According to GCI (Gran Canaria Info), the theme park of Grancaventura will offer a different kind of entertainment for tourists and locals. Anything to see with the usual past time of the island, no sea, no beach just thrill.

The construction started last week, the event was held in Arucas with the presence of the president of the Canary Islands, Paulino Rivero, the mayor of Arucas Angel Torres and the entrepreneur Ramon Ramos.

Grancaventura, in the city of Arucas, will be the first multi adventure theme park in the Canary Islands. Activities such as paintball, archery, trampolines will be at the disposal of the visitors.

The construction will take around 6 months and Ramon Ramos will invest 1, 5 million euros.

This is going to be so much fun; any lover of adrenaline will be delighted.

Anything you want to know about Gran Canaria or if you want to invest in businesses or properties, GoldAcre Estates will help and advice you.

Contact info@goldacre-estates.com, call 0034-928535044, or click on the following link http://www.goldacreestatesgrancanaria.com/english/index.asp

The province of the Canary Islands is the fourth area where property prices have dropped the most, 10.27% compare to last year.

 According to pisos.com, properties in Canary Islands in July of 2011 have an average price of 1756 euros m2. This figure means a drop of 1.64% compare to last month when the average price was 1785 euros m2. Compare to 2010, prices have fallen by 10.27%, at that time the price for one meter square was 1.957 euros. Tenerife and Las Palmas are the islands where the prices have decreased the most.

The Autonomous region of the Canary Islands are one of the cheapest places to buy a property. Invest in the Canary Islands now is very attractive, the economy is getting better and numbers of tourists have increased for the last few months. Places such as GranCanaria, Fuerteventura or Tenerife offer properties at a very good price, whether you want buy for a holiday home or to rent it out, the rental potential is very good as 10 million visitors come to the Canary Islands and during the whole year round because of the lovely dry and warm weather the archipelago offers from January to December with temperature which seldom descends below 15 degrees. Amongst the best opportunities on the market, one agency stands out. GoldAcre Estates SL has been offering great opportunities both for sale and rent and providing advice and help during the whole purchase procedure to all its clients. From apartment to big villas, GoldAcre Estates offers the most complete selection of properties in Gran Canaria and Fuerteventura

Anything you want to know about Gran Canaria or Fuerteventura  click on the following links

http://www.goldacreestatesgrancanaria.com/english/grancanaria/gran-canaria-information.html

http://www.goldacre-estates.com/english/pages/more/fuerteventura.html

Or you are interested in buying a property in Gran Canaria or Fuerteventura click http://www.goldacreestatesgrancanaria.com/english/index.asp or  http://www.goldacre-estates.com/english/index.html

Numbers of flights increased dramatically in the Canary Islands, sign that the economy is getting better

Since the beginning of august numbers of flights coming to and leaving  the Canary Islands have increased dramatically, according to ISLAND CONNECTION, more than 4700 flights will land and take off from the different islands. Gran Canaria, and Tenerife will be the busiest airports, compare to the same period last year, there has been an increase of 7% (14% for Fuerteventura).

Around 600,000 passengers are expected to pass across the airports in the next few days. Gran Canaria will receive around 165,000 passengers (+7.2% compare to last year) and Tenerife South around 142.000 (+9.8%).

All these figures are very encouraging for the Canary Islands which have seen the unemployment rates decrease quite enough and everything suggests it will go on this way. The property market is benefiting as well of all this improvement. GoldAcre Estates is one of the agency which has always offered the best opportunity for sale and rent in both Gran Canaria and Fuerteventura thanks to its knowledge and experience of the Canary Islands market.

For any further information about Gran Canaria, Fuerteventura or the property market GoldAcre Estates will be pleased to help you. Contact info@goldacre-estates.com, call 0034-928535044, or click on the following links http://www.goldacreestatesgrancanaria.com/english/index.asp or http://www.goldacre-estates.com/english/index.html

Playa del Ingles and Maspalomas will experience changes

La playa del inglés y de las Maspalomas, the most popular beaches of Las Palmas de Gran Canaria , Canary Islands will experience some changes. The numbers of “beach bar” will be reduced but the ones remaining will be extended.
These beach bars will offer showers, locker rooms where customers could leave their belongings and more tables. The hammocks and beach umbrellas will be refurbished as well. The Consorcio Maspalomas Gran Canaria will take care of all these changes, and will invest around 500.000 euros.
These beaches which already enjoy a very good reputation amongst tourists and grancanarions will be even better thanks to its changes and the efforts made by the city.

If you want any other information about Gran Canaria or are intersting in buying a property there, GoldAcre Estates can help you. Contact info@goldacre-estates.com, call 0034-928535044, or browse options http://www.goldacreestatesgrancanaria.com/english/index.asp