High Rental Returns in Canaries

Holiday villa rental specialist, Villas for Travel, has published its league table showing which European locations enjoyed the most bookings, along with an analysis of where the greatest returns are to be made and where their customers want to travel next.According to the report, three of the five most popular destinations were located in Spain in 2007, including the Canary Islands. The study also revealed that Spain topped the list of the top five countries providing the top highest rental returns earnings, as well as being the country that the most Villas for Travel customers want to visit.The Canary islands although slightly farther away than mainland Spain and the Balearics provide tourists with an all year round summer climate, and so an extended rental season.

Fuerteventura Reforestation Programme

6,000 trees are set to be planted on Fuerteventura through the islands environmental department. The plan which has already seen 1,200 trees planted in Castilo de Lara will have another 3,200 introduced from October this year with a total of 6,000 eventually planted.

Fuerteventura Airport Numbers Up

The latest figures for February from the airport authorities show some 342,259 travellers came through Fuerteventura airport making a 5.2% increase over 2007. Of those 101,980 came from National flights with the vast majority of 229,311 coming from within the European Union and the remaining 3,941 from International airports.
Across the islands as a whole saw an increase of 8.16% for the same period with Uk visitors up 11.82% reaching 50,531, Norwegians up 13.47 to 33,602 and Swedish up 19.19% to 32,664.

Fuerteventura sees prices Increasing with Vista Mar Price Increases Imminent

Purchasers of the luxury apartments ‘Vista Mar’ (view of the sea) will see their investments rise in capital value over the next 2 weeks as the record sales there translate to higher pricing structures.

With 62% of the project now sold, it has been announced that the duplexes will see a €20,000 increase and the new prices for the 100m2 apartments will be €6,000 - €10,000 per unit higher. The success of the 79 apartment development have been primarily down to the unrivalled position overlooking the bay in Gran Tarajal, the superior build quality, the value for money size and layout of the design, and the internal investment apparent in the area. Clients yet to purchase there are being advised to contact their property consultants at Goldacre Estates to reserve favored positions before the price rise. Vista Mar price increases take effect on the 12th May but even with the price increase you will still be able to purchase a three bedroom 100m2 luxury apartment with a 42 m2 terrace with Garage and storeroom included for only 202,995 euros, you have a Marina that is two minutes walk from your apartment and a blue flag beach only 10 minutes walk, for further information on these luxurious properties simply visit :www.goldacre-estates.com/english/pages/new/vista-mar.html
This is a must have investment and a one off opportunity and of course there are no recessions on good investments.

Is there light at the end of tunnel regarding doom and gloom in the Spanish property market?

Fuerteventura leads the way with prices increasing in the Canary Islands, opportunities to buy luxurious property at excellant prices with Guaranteed mortgages so no credit crunch worrys, Fuerteventura is only 3.5 hours flying time from most of mainland Europe and has miles of Golden sand beaches , Canary Islands home to the Canary Palms.

Spanish Property Collapse a distant past as Fuerteventura sees Prices Increasing

Is their Light at the end of the tunnel of doom surrounding the Spanish property market ?

The Canary Islands in Particular Fuerteventura would like to contest the stories that surround the bad news that circulates around the press regarding the Spanish Property market, Vista Mar a Luxury development of 79 three bedroom apartments that are situated directly in front of the sea, have sold 61% of the total available units in just 6 months and are announcing price increases ranging from 6,000 euros per unit to 10,000 euros for the single level apartments and 20,000 Euros increase in the Duplex Penthouse Apartment’s.

Why you ask, when all the reports are of Credit crunch and property falling in price across Spain would prices be on the increase ? John Goldacre of GoldAcre Estates, Vista Mar’s main selling agent commented, when you have a luxury product that is properly priced you will always find a market where people who understand great value for money are prepared to commit to buying regardless of market conditions, and traditionally the Canary Islands and in particular Fuerteventura has offered opportunities for excellent priced property which holds and grows in value, because with an island as opposed to mainland Spain you do not have hundreds of miles with similar properties.

The Canary Islands offers all year round sunshine and is approximately only 3.5 hours flying time from most of mainland Europe and Fuerteventura offers the best beaches in the whole of the Canary Islands with some 162 km of Golden Sands stretched the length of the island, massive inward investment has been made on the internal infrastructure of the Island with a huge expansion to Fuertevantura’s airport situated in Puerto del Rosario, which shows the confidence and long term prospects that Fuerteventura has to offer its property buyers .

Vista Mar price increases take effect on the 12th May but even with the price increase you will still be able to purchase a three bedroom 100m2 luxury apartment with a 42 m2 terrace with Garage and storeroom included for only 202,995 euros, you have a Marina that is two minutes walk from your apartment and a blue flag beach only 10 minutes walk, for further information on these luxurious properties simply visit www.goldacre-estates.com/eng/pages/new/vista-mar.html


Fuerteventura offers today’s property buyer some exceptional opportunities for further information on Vista Mar and other great properties visit www.goldacre-estates.com or e-mail info@goldacre-estates.com

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Capital Gains in Spain and Canary Islands Tax Reclaim

Mass consumer action being led by leading Spanish Lawyers office. I f you have sold a property in Spain between 2004 and the end of 2006 you could be entitled to reclaim some of the capital gains payments made on your property from the Spanish government , this applies to all properties in the Canary Islands and other Spanish territories where you are liable for the same capital gains as local residents.

Learn about a new mass consumer action being led by Spanish lawyers Costa Álvarez Manglano & Associates.
If you sold a property in Spain between 2004 and the end of 2006 you could be entitled to reclaim thousands of pounds from the Spanish Government. Are you entitled to make a claim?
Between the beginning of 2004 and the end of 2006, UK citizens and other non resident EU citizens paid 35% Capital Gains Tax (CGT), whilst Spanish nationals only paid 15%.
The European Commission has said that this 20% overpayment contravenes European Community Treaty discrimination rules and was therefore charged illegally by the Spanish Government.
As a direct result of this ruling, if you have been affected and can meet the requirements laid out below, you could be entitled to reclaim the 20% CGT overpayment you made in Spain, PLUS approximately 6% interest per annum. It is estimated that the average amount owed to British and other non-spanish citizens is between €10-30,000!
Time is of the essence, as claims must be made within four years of a property being sold.

Do you qualify?
To make a claim you must meet the following criteria:
You sold a Spanish property between the beginning of 2004 and the end of 2006.
You were not officially resident in Spain when you sold it.
You paid the Capital Gain Tax to the Spanish Authorities.
You sold your Spanish property as an individual; not as a company.
If you think you qualify visit www.spanishtaxreclaim.co.uk or call 0845 680 3849 for more information.

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Golf Tourism on the Increase in Fuerteventura

Fuerteventura offers now three full 18 hole Golf Courses and one six hole course across the Island
Fuerteventura saw the opening of its third 18 hole Golf Course this month and we are advised it is a real test at any level. Situated in an elevated valley above the well known resort of Morro Jable the views look straight out over the lighthouse to the sea and surrounding mountains.
While the clubhouse is still being stocked up, tee times can be booked and paid for at the Barcelo Jandia Playa Hotel which is on the way to the course after turning off the coast road. Green Fees are €60 and €50 to Canarian Residents although you can pay and play 9 holes for €35.
Longer season tickets are to be available and you can keep up to date on the availabilities at www.golffuerteventura.com once all the details are known. With now Golf courses in Costa Caleta, Las Playitas and Jandia the golfers choice is ever increasing and further updated information can be found on all golf courses by visiting www.goldacre-estates.com or www.golffuerteventura.com.
The Jandia Beach Golf development is just one of the Fadesa golf developments available through Goldacre Estates with a mixture of apartments and detached villas all with Fairway and Sea views starting at €173,271. Further information is available by e-mailing info@goldacre-estates.com

Free internet access at new library in Corralejo

The new library in Corralejo has recently installed broadband access to the internet. A large number of people attend the library each day to consult their email or to search for information on the internet. There are four brand new computers equipped with laser printers. This service is free of charge to members of the library. Laptop owners can also plug into the Wifi connection offered by the library.

Beach Upgrades for Costa Caleta!!

Fuerteventura’s push to improve tourism continues.

Caleta De Fuste has always been a very popular holiday destination on the islands east coast. It’s purpose built nature ensures visitors have the facilities they require and the horseshoe shaped beach is always extremely popular with families.

Even though the beach itself is natural, the sand that makes up the surface was imported several years ago, and being of a finer grade can suffer from wind erosion. For many years the authorities on the island have been asking the Spanish government for funds to improve and extend the beach, after meetings in Madrid it has been agreed that funding of 4.5 million euros has been authorised.Plans that have been approved include completely digging out the beach area by 1.5 meters, removal of the rocks that at present act as a natural barrier, this will increase water flow to the beach and stop the silt deposits building. The beach will then be filled with a white sand of larger grade which will stop it been blown away.Works will also include extension of coastal paths from Cost Antigua around the beach and harbour area and all the way past the Sheraton Hotel to the Atlantico Shopping Centre.This work will not affect the beach areas too much as they will work on half at a time so to allow access for visitors.The ideas for this project will make Caleta de Fuste and the surrounding areas even more popular with the tourist market and property investors.