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Friday, 27 November 2009

Fuerteventura Golf Property | Golf Property in Spain

Choose between duplex 3 bedroom townhouses or semi-detached 3 bedroom villas with their own swimming pools. Take advantage of buying at this early stage and secure your position and view.

Within these exclusive and privileged settings a 9 hole golf course has been designed surrounded by residential homes which will look out over the fairways and beyond the Dunes to the sea.

Three bedroom semi-detached duplex, living/dining room, kitchen, two bathrooms, cloackroom, porch, small private garden and optional swimming pool.
Amateur Golf Course.



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Thursday, 26 November 2009

4th Quarter Boost in Property Sales In The Canary Islands

With the majority of 2009 behind us it is becoming easier to piece together a picture of how the Canary Islands and in particular Gran Canaria’s and Fuerteventura’s property markets have been moving this year. Compared to mainland Spain the Real Estate market in the Canaries have enjoyed a certain amount of ‘cushioning’ due to its unique geographical position, endless summer climate and restricted supply of luxury second homes, however it has not escaped the general effects of the downturn over the last 18 months with property prices levelling earlier this year.

Higher sales figures this quarter are no doubt due to the specific price deals available on selected products as no doubt were Q1/2 sales when prices had ‘bottomed’ after a long slide in 2008. GoldAcre Estates reported that the return of buyer confidence in Fuerteventura was quite noticeable in Febuary / March showing particular interest in 1-2 bedroom luxury apartments which offer increasingly higher returns as prices had fallen against potential rental incomes.

Resorts in Corralejo like Oasis Papagayo and Oasis Tamarindo were the biggest movers as these had the added advantage of large swimming pools, lush tropical gardens, security and extra sports facilities which make them ideal for holiday rentals. Others like Oasis Royal, Dunas Residential and Atlantic Gardens were a little slower to react to the market changes but offered high value due their central positions closer to the main tourist centre and beaches. In fact GoldAcre Estates said it was not uncommon to see multiple purchases for these style of apartments.

To begin with, Sterling rates dampened the return of the UK investor early in the year and many British buyers lost out to new European markets including the Netherlands and Italy in particular which have not been affected by the need to exchange their monies as they are already euro based.
New flights from these areas including Poland also helped transfer these ‘holiday’ markets into the second home ownership market with buying interest mainly in the North Island of Fuerteventura.

The luxury villa section also saw growth as private owners and specialist developers offered limited price deals. The villages of Lajares, Villaverde, and to a lesser extent La Oliva and El Roque caught the attention of those who may have never considered these areas due to budget constraints. 3-4 bedroom detached villas with large private pools and 1000m2+ plots in a quite country setting yet 10 mins from the beaches were on occasion lower than the magical €300k mark.

Surprisingly despite recent macro economic conditions the trends still follow traditional historic patterns with the main sales in the periods either side of summer holidays. During August as many public services close for holidays including some Notaries and lawyers offices there are fewer exchanges of contracts plus the main holiday markets are busy enjoying the beaches rather than scouting for their next property purchase. August 2009 however saw a high interest level with many visitors taking a serious look at apartments and villa offerings. This has also been extended into the winter season .

In fact the increase of flights to Fuerteventura and Gran Canaria will be a big factor for Q4 as already Christmas flights are becoming booked out. For those existing property owners and clients of Goldacre Estates, Christmas in their second homes in the Canaries never looked brighter.

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Wednesday, 25 November 2009

Fuerteventura Apartment for sale in Canary Islands. Only 60000€

This apartment in Fuerteventura offers exceptional value and has a good rental history. Fully furnished with views to the sea from the bedroom and over the pools and gardens from the lounge and terrace.

Price Only: 60000€

More Information on this apartment in Fuerteventura

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Monday, 23 November 2009

New Yacht Marina Is To Be Constructed In Corralejo, Fuerteventura, Canary Islands

A new yacht marina is to be constructed in Corralejo, Fuerteventura which will provide 650 private moorings in an adventurous expansion plan of the present harbour. The project, which will be funded by the Canarian Government, is in the early stages of planning but it is hoped that it will go out to tender early next year.

Corralejo harbour is one of the busiest in the Canaries with over a million passengers a year using the ferry link to Lanzarote and the project will ensure that increasing passenger demand can be met.

The scheme will create two new commercial jetties and a multi purpose water sports building as well as the marina. Once the construction work begins it is expected to take around two years to complete.

This is good news for home owners and investors as marinas are sort after locations for property purchasers and the construction of the new marina will mean that homes in the immediate area will be at a premium.

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Saturday, 21 November 2009

Where Is Your Pound going in Spanish Real Estate today

Keith Spitalnick Business Development Manager of Currencies Direct predicts an upward trend for the Value of sterling against the euro by the year end. This is good news for Spanish Real Estate and people looking to buy property in the Canary Islands and Spain, prices could not be better as many new properties today are being offered at discounts and of course you have very good prices on some resale properties from people that are having to sell their Spanish property.

Read Keith full story and prediction of how he sees sterling moving, Keith commented, I keep getting asked is where I see GBP/EUR headed by then. I personally feel that GBP/EUR is in an upward trend however the language from the Bank of England is holding it back, trying to hold the pound low. After Christmas sterling could start to rally. 1.1500 is my short term target.

It’s been another busy week for GBP/EUR as the fallout from the latest Quarterly Inflation report was digested in the papers; the Banks assessment for growth is now twice the latest consensus of their panel of independent forecasters and their predictions for inflation and interest rate levels over the next couple of years have been revised sharply higher. This helped to boost the pound ahead of the Bank of England minutes last Wednesday. The pound also rallied as we saw the UK inflation numbers come in higher than expected. This gave Sterling a strong boost all round, on expectations that, with inflation “surging”, rates might have to be raised sooner rather than later. I think that this is an unlikely scenario and that Base Rates will remain at these low levels until the 3rd quarter next year, possibly longer.

The Euro was not so fortunate with comments from ECB president Trichet rattling the euro. He commented that the fiscal situation in some European countries is so bad that there is a danger that markets will lose faith in them. At last a bit of plain talking from the ECB! In addition we saw the Euro current account showing a deficit of €5.4 billion - this was concerning as it identified a surge in imports and slumping exports; this could bring the strength of the euro back to the fore as a red flag for the ECB. If this issue is raised it could start to turn the tide on recent euro strength…

Unfortunately the pound could not hold onto its gains after peaking at 1.13. This was due to the split decision from the Bank of England who were split three ways on the November Quantitative Easing vote. 7 backed the £25 billion increase, David Miles wanted a £40 billion increase and Spencer Dale wanted no change. This undermined sterling which immediately dropped over half a cent against the USD and the Euro. The split has highlighted the indecision on future policy and this is hardly surprising given the implications on monetary policy decisions within the current economic climate.

So overall its the same old problems hurting the pound in the form of QE and concern over public debt. However it is widely expected that UK GDP will be revised higher next week for the third quarter and that fourth quarter data will show an exit from the recession...therefore the pound should start to perform better going forward. Last week we also witnessed one or two red flags from the Euro zone and the recent support of the euro against the US dollar could wane if more concerns arise...this would certainly play into GBP/EUR gains.

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Friday, 20 November 2009

International Business Opportunity with leading real estate company in the Canary Islands, Fuerteventura

Are you looking for a business opportunity in the Canary Islands?

Are you looking for a lifestyle change with High Rewards?

Do you want to run your own business and be supported by one of the most experienced Real Estate Companies in the Canary Islands?

GoldAcre Estates is looking for partners to fuel our expansion program in the Canary Islands
Our Partnership program is looking to offer exciting opportunities to selected individuals that want to run their own business in the Canary Islands with ongoing existing business available for franchise.

Low Initial start up costs,Full Training and Ongoing Support provided.

Take the initiative today and invest in your career and lifestyle for a future in the sun!

For further details e-mail

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Thursday, 19 November 2009

Luxury Villas in Fuerteventura

Exceptional Opportunity

2 Luxury Villas, Frontline to the Ocean, Grandes Playas, Corralejo, Fuerteventura.

Beachfront villa finished and furnished to a very high standard of quality with stunning views around the whole of Corralejo bay.

Properties are rarely available for purchase on the “frontline” and we are privileged to be able to present two adjoining executive villas of stunning quality.

The first villa comprises:
3 bedrooms, 2 bathrooms (master has en-suite with oversized jacuzzi bath plus a dressing room) lounge, kitchen, all fully furnished, roof terrace, sauna, wooden-beam ceilings, fully air conditioned, large sun terrace with views and bar-b-q, garage for 2 cars and heated swimming pool.
A rare opportunity on the frontline available at a reduced price of 650,000 euros.

The second villa has been professionally extended on instruction of the owners to the original developer and builder. It has all the specification of the three bedroom villa with modifications to provide 2 additional bedrooms, one with en-suite and dressing room and garage.This fabulous villa with its large accommodation is being offered for sale now at 699,950 euros.

For further details, please contact:

John Goldacre
Goldacre Estates SL
Tel: (+34) 928 53 50 44

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Tuesday, 17 November 2009

Spanish Property a Better Bet than Turkey

Turkish English-language newspaper Hurryet Daily News is reporting that the government has banned foreigners from purchasing property in a number of locations in Southeast Turkey.

According to the report, foreigners have been banned from purchasing real estate in Mardin, Kilis and Hatay as title deeds owned by overseas buyers has exceeded 10% of the total available in these destinations.

According to data from the Turkish Land Registry Directorate, four German foreigners have bought 25,153 square meters of property in Kilis, while 99 foreigners bought 521 properties for a total of 2,383,192 square meters in Mardin.

Speaking to the Planning and Budgets Commission of Parliament, Mustafa Demir, Minister of Public Works and Settlement said: “Since the acquisitions in Mardin, Kilis and Hatay have exceeded 10 percent of the improved land, the purchasing of property by foreigners is banned by the Cabinet.”

Turkey has become an increasintly popular overseas property destinations over the past 18 months as the strength of the Euro has resulted in many British buyers, who might previously have bought in places like Spain, turning their attention to the country.

At least in Spain buying Spanish property and Real Estate there are no such concerns regarding purchasing by overseas buyers.

Full story Hurryet Daily News. Foreigners banned from buying real estate
The government has banned foreigners from buying more real estate in Mardin and Kilis following similar restrictions in Hatay, citing the number of already-purchased land titles as exceeding the legal limit.

According to data from the Turkish Land Registry Directorate, four German foreigners have bought 25,153 square meters of property in Kilis, while 99 foreigners bought 521 properties for a total of 2,383,192 square meters in Mardin.

Mustafa Demir, Minister of Public Works and Settlement spoke to the Planning and Budgets Commission of Parliament and released information on his ministry’s figures.

On the matter of land sales to foreigners, Demir said that as of today, 97,192 people own 87,069 properties.

“Since the acquisitions in Mardin, Kilis and Hatay have exceeded 10 percent of the improved land, the purchasing of property by foreigners is banned by the Cabinet.”

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Thursday, 12 November 2009

GoldAcre Estates launches Fractional Ownership properties in Fuerteventura, Canary Islands, Spain

GoldAcre Estates Fuerteventura’s leading Estate Agent has just launched a fractional ownership program in conjunction with the Fractional Property Group which will eventually rolled out throughout the Canary Islands and Spain.

John GoldAcre stated that the Spanish Real Estate market was going through a significant change, not just because of the current economic downturn but in general a lot of the ‘quick buck Estates Agents’ have now gone and we are starting to a core of more professionally run Estate Agencies throughout Spain, that are more focused on clients needs and the key element of client satisfaction.

New products are being investigated by Real Estate Agents such as the growing market of Fractional Ownership which is being driven by consumer demand for high quality properties without the need to obtain mortgages, client recent experience with banks have made them look differently at their overseas purchases and the amount of money they are prepared to expose themselves to, Fractional Ownership provides the client with the opportunity of owning freehold property in the Canary Islands without the need to commit to the full capital value of the property.

John commented that it was very important that the integrity and value of any program is maintained as otherwise Fractional Ownership will just end up falling into the same category as timeshare, for example some Real Estate Agents are trying to introduce 10 or 12 shares on property just to try to make it look cheap.

The maximum John GoldAcre said that GoldAcre Estates will arrange any Fractional Ownership program for is 4 or 6 shares, which would give each individual owner either 2 or 3 months usage of their property spread throughout the year.

All the properties with be furnished to a luxurious quality with everything taken care of the for the owners, the owners useage program will be based on a 4 year rolling calendar which will give the owners useage every season and every month of the year over the 4 year term, each owner can sell their shares independently of the other owners at any time.

GoldAcre Estates Fractional Ownership program commences with two different styles of property, one being frontline Apartments to the sea the other being Villas.

The apartments are Luxury 3 bedroom 2 bathroom sea facing, close to a marina and Blue flag beach. Each apartment has 42 m2 terraces and has it own parking underground, the facilities include a 27 m long pool, Gym and lifts to all floors, 1/6th Shares are only 45,000 euros each, John made the point that at this price this was less than the cost of a cheap one bedroom apartment.

The Villa is situated close to one of the main towns in the North of Fuerteventura and features Two Bedrooms parking and Gardens and 1/6th shares are only 32,000 euros each.

GoldAcre stated the advantage to a buyer of Fractional Ownership is that each owner does not have to worry about the day to day running of their property all bills are paid all the cleaning and maintenance is taken care of and the property is prepared and ready for each owners visit, unlike a wholly owner property where each owner is required to pay all their own bills organize maintenance etc ..

GoldAcre Estates have been in Fuerteventura Real Estate for the last 8 years and some 12 years in the Canary Islands in total, they have offices in Gran Canaria, Fuerteventura and Greece.

More details can be obtained by contacting GoldAcre Estates on or visiting their website

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Wednesday, 11 November 2009

Monarchs New Flights To Fuerteventura, Canary Islands, Prove Popular

Monarch’s Airways new flights to both Fuerteventura and Gran Canaria are proving popular as figures for the October half term are released.
The Fuerteventura flights saw over 2000 passengers during half term and Gran Canaria had over 1500 making a 0.86% increase on the same period last year.
Managing director Liz Savage commented, “Our new services to the Canary Islands of Fuerteventura and Gran Canaria have been very well received and their addition strengthens Monarch’s flying programme to the Cannary islands, with 46 flights per week operating between the UK and the Canaries during winter 2009-10.”
Certainly the Canary Islands residents and property owners have also benefitted from these increased flights and wil help the Spanish property market– local Tui flight ticket providers have just advertised with Christmas specials starting from €39!

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Tuesday, 10 November 2009

Plot For Sale, Lajares, Fuerteventura, Canary Islands

Plot of land for sale in Lajares, Fuerteventura, in the Canary Islands. a great opportunity to build your own villa
A level plot in a quiet location with a rustic stone boundary wall. Electric and water is on site. Views over the countryside and the village of Lajares. Village centre just a short drive away.
Price 85,000 Euros

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Friday, 6 November 2009

Villa For sale Corralejo, Fuerteventura, Canary Islands Property.

A large villa in Fuerteventura and a great opportunity to purchase property in the Canary Islands
Close to the centre of Corralejo
This property has the advantage of being a corner plot and enjoying a larger garden which cones with a large private swimming pool. The property is furnished to a high standard and has a roof terrace with views over the town to the sea.

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Thursday, 5 November 2009

Villa for sale in Fuerteventura, Canary Islands Property

Find this unique Villa in Fuerteventura, one of the best options to buy Canary Islands Property. This villa is located on a very large plot (2.542 sqm).

Views to the Countryside and to the sea.

A well furnished villa in a popular centrally located village. The property is set in a large plot and has a private swimming pool. Covered garage plus off road parking.


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Tel.: (+34) 928 53 50 44 - Fax (+34) 928 53 64 50
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