Work is getting underway on the final phase of a massive €100 million investment in order to create 130 more brand new apartments in what have proved to be three of the French Alpine ski resorts most likely to appeal to British tastes, it is announced this week by the region’s leading property developer, the MGM Group.
Work is well underway on the creation of a brand new residence de tourisme of ski-in, ski-out apartments available to buy on a leaseback basis in the heart of the village ski resort of Montgenèvre at an altitude of 1,850 metres in the Southern Alps.
30 seafront apartments were reserved within weeks of their release as Tigne Point in Malta launch their latest waterfront phase known as Q1.
According to official figures for Q3, house prices in four Spanish regions are now on the rise. The Balearics lead the way with 4.4% growth year on year and Balearics Sotheby’s International Realty expects the trend to continue for 2014.
Premursa, the promoter behind Murcia’s Paramount Theme Park and LifeStyle Center, has awarded construction contracts to the value of 72 million euros. The Park is to open, on schedule, in the latter stages of 2015.
This November sees the much-anticipated release of Cala Estancia, a boutique collection of just eleven 1 and 3 bedroom luxury apartments in Palma, Mallorca.
Balearic Tourism and Sports Minister, Carlos Delgado, has expressed his optimism towards British tourism. Speaking at November’s World Travel Market in ExCeL, he said the UK market is on an “upward trend” and “good” forecasts are in place for the Islands for next year. Luxury tourism is largely to thank.
News that billionaire Bill Gates has acquired a $155 million stake in Spanish builder Fomento de Construcciones & Contratas SA (FCC) has certainly caught the attention of property investors around the world.
Property consultancy, Knight Frank, has just placed Mallorca at an impressive number two spot in its Global Lifestyle Review. Beaten only by Dubai, the Island performed well for culture, education and cost of living. Local agent Mallorca Sotheby’s International Realty is delighted with this recognition.
According to the latest European Spotlight on Golf Tourism to Spain research report commissioned by Reed Travel Exhibitions, out of the 28.5% of those who travelled to Spain to play golf in the last 12 months, 12.7% visited the Costa del Sol, 3.9% to the Costa Brava and 3.2% to the Canary Islands.
Around 400 British citizens emigrate every day, according to figures from the Office for National Statistics, and the number has increased by 20 per cent over the last three years.
Engel & Völkers the leading international German real estate company focusing on high end property has recently developed a Metropolitan Market Centre based in the city’s Avenida Diagonal is now actively targeting the Chinese market with the recruitment of two Chinese real estate specialists to cater for the growing number of Chinese investors coming into the market and ahead of the new Spanish Government legislation for non EU buyers.
The average price per square metre of property sold by Mallorca and Ibiza Sotheby’s International Realty this year is 9,000 euros – a cool 7,600 pounds.
Next month construction will start on the third phase of a brand new, luxury seafront development, Marina Plaza II, located in the fashionable Portixol area, minutes away from Palma’s famous cathedral, historic old town and airport.
According to IAGTO’s 2013 Golf Tourism Report, global golf holiday sales grew by an average of 9.3% compared to the previous year, and their member operators alone catered for 1.6 million golf travellers in 2012 generating an estimated €1.5 billion.
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