06.11.10
Posted in Canary Island property at 6:07 am by admin
Record numbers of Canary Island Estate Agents are clambering for repossessed properties, despite continuing economic woes.
However, the country’s economic position continues to slide amid concerns about national debt. The Bank of Spain was forced recently to seize control of regional savings bank CajaSur, the latest challenge to Spain’s battered financial sector since the collapse of the housing bubble.
However the good news is agents are adapting to the present economic situation. Southern Spain markets have seen a lot of small, new property agencies spring up recently, and many of them have restructured their business models to cope with a tougher climate and a lot of below market value deals.
“There are a lot of sharp young agencies out there now who have positioned their offerings very professionally. They are smaller and they approach the market in a much more appropriate way.”
That siad, Canary Island property companies need to rebuild trust with both buyers and foreign agents.
“There is a lot of demand but several parameters have to be just right for the sale to work, from finance the legalities of the sale.”
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Posted in tenerife property at 5:57 am by admin
The contract for the extention and improvement to Corralejo harbour has been awarded and is expected to take two years to complete. The project will improve and extend the ferry piers, increase the number of moorings for pleasure craft and provide better boat yard facilities.
As well as the existing marina berths the new marina will provide 650 berths for yachts which will be sheltered behind a huge curved breakwater.
Corralejo harbour on the north coast of Fuerteventura is one of the busiest in the Canaries with close to a million passengers a year using the short ferry link to Lanzarote and the project will ensure that increasing passenger demand can be met. The harbour Playa Blanca in Lanzarote will also be extended and improved to allow easier access for the ferries whose entrance at the moment can only be described as tight.
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06.10.10
Posted in Canary island news at 10:53 am by admin
The Spanish parliament has backed a 15bn-euro ($18.4bn; £13bn) austerity package by one vote as the country strives to cut its budget deficit.
The vote saw 169 in favour of the Socialist government’s austerity plan and 168 against, with 13 abstentions.
Spain announced the austerity package earlier this month. It includes wage cuts of 5% or more for civil servants and slashes public investment plans.
Spain hopes to rein in its deficit and ease fears of a Greek-style crisis.
A parliamentary defeat would have been a blow to the Socialist government of Prime Minister Jose Luis Rodriguez Zapatero.
Spain’s programme is intended to reduce a deficit of 11% of GDP to 6% by 2011.
“The result is calming for the markets because a vote against would have been very worrying,” said a strategist at Citigroup.
Many Spaniards fear the effect the cuts will have on the economy, where the unemployment rate exceeds 20% – twice the eurozone average.
The country moved out of recession in the first quarter of this year, with growth of 0.1%.
The European Union has been anxious to see more fragile European economies, including Spain, Portugal and Greece, impose tougher austerity measures.
Before the vote, finance minister Elena Salgado had asked politicians to vote in favour, saying the measures were “painful but inevitable”.
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Posted in property for sale in Playa Blanca at 10:29 am by admin
Installation of the cable to improve computer connections in the Canary Islands is running on schedule.
The great demand on internet across the Canaries has caused a slowing down of services. Many new residents to the islands demand fast connections.
When asked a Mr Guy Peters who recently bought a property for sale in Playa Blanca said that ‘he does a lot of his work from his new villa in Faro Park and a fast internet connection is essential for him. He welcomes the new faster speeds coming soon’
According to the latest report by Carlos Alonso the Tenerifes councillor for the economy, the submarine cable link from Cadiz to Tenerife, La Palma and Gran Canaria should be completed in the first half of 2011. The new connection will mean a vast improvement in the number and quality of broad band connections on the islands and give support to new services and applications. The new connection is designed to make the Islands, the communications axis between Africa Europe and America.
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05.22.10
Posted in Costa Rica property at 3:01 am by admin
Renewed Interest in Costa Rican Reality
2010 has started well with renewed interest in the realty market in Costa Rica. After the quiet trading year of 2009 property pundits were expecting an increase as investors take advantage of reduced land and villa prices. This doesn’t compare to the recent years prior to the global economic crisis which were heady days that property regularly was sold for large percentage rises over short time periods, reality prices are now readjusting to more sober levels.
The effect of this is that some sellers have taken their properties out of the market place while in some other cases people have the necessity to sell due to financial pressures that they may have overstretched themselves with loans, etc, which creates the need to sell and list the property below market value, the term fire sale could be used.
This means there are some great deals for Costa Rica property real estate, of the like that haven’t been around for sometime.
Realtors are now busy showing properties to potential buyers and answering inquiries regarding reality. There has been good activity with closings on property, demonstrating that investors can see the opportunity and realize the possibilities. There are also people just waiting to take this opportunity to buy their Costa Rican vacation home, which makes it evident that even in the presently unsettled world of finance people are eager to get their place in the sun.
As property prices across Costa Rica have sobered emerging realty areas, due to improved communitcations are, and still to be found. Property pundits are backing these areas as appealing to the increasing niche markets. Figures are showing that real estate in Dominical, for example, is looking like a very healthy market in comparison to more established property areas across the country.
Conclusions:
Costa Rica is a fast emerging country that many United States Citizens have taken into their hearts. As we shrug off the recession of recent years it is countries like this that will see the benefits. After several years of very hard times people will be looking to get away and improve their standard of living. A holiday home in the tranquil country of Costa Rica could well perfectly foot this bill
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05.15.10
Posted in Costa Rica property at 8:07 am by admin
Dominical is a very relaxed and tranquil beach resort in the South Pacific area of Costa Rica. The area attracts beach and nature lovers. The waves in Dominical are very good for surfing and attract surfers from all over the world. The Dominical beach is four kilometers long. There is accommodation, restaurants and bars to suit all budgets.
In the recent past Dominical town was pretty isolated due to bad roads, this has now changed. Paved roads arrived in Dominical a little while ago giving returning visitors year round access.
Many people have taken the area into their hearts and visit a few times a year. Eventually the idea of owning a property or piece of land in Dominical comes to mind. At the moment the area is still up and coming and investing in property should give a good return.
One good investment strategy is to buy a real estate in Dominical that you can use as your own holiday home. Then for the times that you are not using it rent it out as a holiday rental. Promoting your new villa in Dominical can be easily done via a few of the effective Costa Rican property web sites. Return on your investment can then be realized in three ways. One, by saving money on your own holiday accommodation. Two, by making an income via the holiday rentals. Three, via property value appreciation in the up and coming area of Costa Rica.
Internet is now available via GSM cell right across Costa Rica and Dominical. Many homes also now have access to land line internet connections, this making staying in touch with the office whilst away very easy. Many people that can work most of the time via the internet are totally relocating. Thus earning first world incomes with third world expenditure. Who say you cannot have your cake and eat it.
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05.07.10
Posted in Costa Rica property at 7:07 am by admin
Costa Rica is enjoying a solid and steady expansion in its property market. To help buyers to the area a new property portal has been released, www.costarica4property.com
The majority of property buyers coming to Costa Rica are from the United States. Costa Rica is only a short flight from almost any part of America. In just a few hours journey time surroundings can be changed from a busy, cold and stressful city scape to a tropical, warm, relaxing jungle paradise.
Costa Rica or the ‘Rich Coast’ has a lot to offer those seeking an affordable sanctuary from the hustle and bustle of city life. A quick flight to the international airport of San Jose, then another internal flight or drive and you are at a tropical beach with almost nobody around.
Until recently communications in Costa Rica were poor. Roads were bumpy and internet unknown. Things they are a changing. Roads are improving and internet coverage is nationwide.
As improvements are made so does interest in Costa Rica real estate.
Now a trip to Costa Rica does not mean a complete communication black out. All you need is a mobile phone plugged into you laptop and you are back in touch with the office, friends and family.
If you have made several trips to your favorite part of Costa Rica and thinking about buying your own house, apartment of piece of land then the new Costa Rica property portal of www.costarica4property.com has got all the facilities you need. There is a property search feature for a quick full database search. There is a ‘property finder’ service. If you cannot find what you are looking for just enter those details and let the local Realtor’s find it for you.
Costa Rica investment hot spots.
The upcoming areas in Costa Rica have been noticed to offer the best investment returns. Currently there is a lot of interest in the South Pacific area of Costa Rica. In these up and coming parts a piece of land for sale in Uvita, for example, is just a popular as a real estate in Uvita. This is thought to be because there are still limited supplies of finished houses, villas and apartments so new comers to the area are having to build there own dream home.
Uvita is enjoying such popularity not only because of its property and land prices but because of what it has to offer locally. The rocky outcrop known as the ‘Whales Tail’ on the beach provides protection from the large waves that hit the rest of the Costa Rican Pacific coastline. With this protection families can enjoy the beautiful beach without so much interference from large waves. A short walk down the beach and surf is up again.
Most of the land and property for sale in Uvita is to be found on the hillsides just inland from the beach. These afford spectacular views and cooler climates.
Twelve kilometers north along the coast road is the sleepy surf town of Dominical. On the development stakes real estate in Dominical is a little behind that of Uvita and therefore more affordable.
Dominical is a sleepy fishing and farming town. The surfing in this area is some of the best in Costa Rica. Powerful barreling beach break waves are the order of the day, and surf is up almost all year round.
All in all Costa Rica is a great place to buy a holiday home as prices are cheap and rising. Now is the time to get on the band wagon and find yourself not only a bargain property or piece of land but also a great investment for you and your family.
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05.05.10
Posted in Costa Rica property at 11:18 am by admin
Uvita can be found in the South Pacific area of Costa Rica.
It is a small beach front town. Some of the Uvita beaches are sheltered from the larger Pacific type waves that roll in along the rest of the coast. This is due to the famous land mark known as the ‘Whale Tail’. This is a strange rock formation a little out to sea that stops the full power of the swell hitting that part of the beach.
Uvita is an up and coming area and for that reason there are some very well priced properties and plots of land for sale.
The majority of the land for sale in Uvita is to be found up in the hill and mountains just inland from the coast.
Only a few minutes drive from the beach and you can be at your mountain view plot of land. The real advantage in opting for a plot of land in Dominical is that you can build your new house exactly how you want it.
There is a good selection of plots of land with very good views over the ‘Whale Tail’ and across the sea. As Uvita is West facing almost every evening you are treated to a truly beautiful golden sunset.
Almost all the plots of land on the market have water and electricity available. For these reason more and more new buyers to the area are opting for the land option over the already built house option.
Up in the hills behind the beach the air is cooler and the breezes fresher. Mosquitoes are less and views more panoramic.
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03.09.10
Posted in Miscellaneous at 3:22 am by admin
You can now talk to the staff at freedom4sale for absolutely free from anywhere in the world via Skype. The property experts in the freedom4sale office have a combined knowledge of over 20 years in the Canary Island property market. They are more than happy to share this knowledge with anyone looking to buy property in the Canaries or mainland Spain. This fount of property knowledge is now available for free just download a free copy of the skype programme and make a search for ‘freedom4sale’. If you prefer a more leisurely form of contact then please email us at info@freedom4sale.com with any questions you may have.
There has never been a better time to buy a property in the Canary Islands. Prices are low and mortgage repayments are low. You will find the largest available selection of property for sale or rent at freedom4sale in all the main islands of Lanzarote, Fuerteventura, Tenerife and Gran Canaria. Happy hunting.
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02.25.10
Posted in Propiedades en venta Islas Canarias at 8:09 am by admin
El situo web freedom4sale.com es lo mayor situo por propiedades en venta y alquiler por los Islas Canarias. Ahora esta traducido en Espanol. Si estas buscando un casa o apartamento en Lanzarote, Tenerife, Fuerteventura o Gran Canaria freedom4sale tiene mas que 10,000 propiedades. Hay mucho mas que casa, apartamentos y villas en venta en este situo web. En casi todas las zonas hay articulos con detailes de la mercado local. Freedom4sale es su unico situo web por propiedades en venta en las islas Canarias.
Hay un buscador con puede encontrar en segundos casas en todos las zonas en todas las islas. Puede elegir el precio de lo que queire a pagar, los dormitorios y mas para encontrar los resultos mas cerca de lo que quere.
Puede abrir un cuenta privada para recordar los casas en que tenia lo mas interes. Hay un ‘newsletter’. Freedom4sale revista teine anuncios de inmobiliarias de todo las islas Canarias. Propiedades con el precio reducido. Entrevistas y articulos con clientes. Noticias con historias de lo que has pasado en el mercado de inmobiliaria y much mas.
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