Eurozone Gaining Confidence

Eurozone Gaining Confidence as Spanish Banks Ease Dependancy

Is there confusion again over Spain's banks? If so its not really new.   On one hand, the Bank of Spain said in mid-January that non-performing loans were on the increase and that more than one in nine would probably not be repaid.  On the other, the central bank said at the same time that Spanish banks were less dependent on emergency funding from the European Central Bank.  In December they borrowed €357bn, appreciably less than the €411bn they took last August. Prime Minister Mariano Rajoy is relaxed.  He is "absolutely convinced that Spanish financial institutions will not require any more funds than they were given already" because they have been subject to a "complete striptease" laying bare their financial circumstances.

The prime minister's optimism is shared, though perhaps with more caution, by investors. Since the beginning of the year they have been buying bank shares, lifting the value of Bankinter by a third and Banco Popular Espanol by a quarter. Investors are also much readier to hold Spanish bonds. Six months ago they were demanding a return of over 7% on their five-year loans to the government. Today they are content with less than 4%.

The change is symptomatic of a warmer attitude among investors towards the euro. A month ago it looked as if 2013 would turn out to be a better year for the single currency and halfway through January that is proving to be true.

Since the turn of the year the euro has strengthened by about five and a half  cents against the pound and by about four  cents against the US dollar. It has done so mostly as a result of improved sentiment.  Strange to think it was about twelve months ago when  most of the world were questioning the very survival of the single currency  with a full complement of member states. Today it feels reasonable to expect that singleness to continue, as a result of the determination of EU leaders and central bankers to do "whatever it takes" to save the euro.

Okay  so what else is happening?  

Interestingly instead, it is the pound that must face the tough questions. Even though the UK economy appears to be in better shape than Euroland, investors are not satisfied. They fear a third dip into recession. They fear the downgrade of Britain's AAA credit rating that might follow that dip. They fear the anti-Europe rhetoric in Westminster and the media. And because of those fears their appetite for sterling has faded.  Add to this the fear of further job losses in the Financial Services sector and the high street disappearing unemployment may still have  a further negative impact upon the  UK's timetable for recovery

So half the euro's performance against sterling this year is down to improved demand for the single currency; the other half is the result of investors' disenchantment with the pound. Both attitudes could change. It would be unusual if there were not some new panic in Euroland before too many months have gone by. The UK economy might pick up speed once the cold weather has passed and people are allowed to go back to work and school.

Stateside the new holiday destination of " The Fiscal Cliff" seems to have disappeared and the republicans have provided Mr Obama a little bit longer to sort out the economy and the debt ceiling which is standing around $17trillion.  Not sure how many zeros a in a trillion but its a lot. What the bet it could hit £20 trillion.  In fairness however housing, manufacturing and employment opportunities are all moving in the right way for the citizens of the USA.

The big decision if you are transferring money is timing so if you want to make more of your money and take expert guidance talk to our preferred  currency specialists. If you want to guard against rate fluctuations and get the best deal for your Sterling contact us and read our financial pages here: http://goldacreestates.com/Finance .

Advice on Selling Your Property

Here are a few tips to Help Sell Your Property in Fuerteventura

Preparing your property for sale

■Ensure your property inside and out is clean and tidy

■Ensure any minor repairs have been carried out prior to putting your property on the market

■If redecorating try and use light and neutral colours, this will make rooms appear larger

■Remove and put in to storage any unnecessary “clutter”

■Keep kitchen surfaces clear and make sure your oven is spotless!

■If you have a dog ensure it is kept under control and preferably out of sight. Many people will not share your confidence with dogs

■If you are using an agent leave the selling to the agent

■Prospective buyers will appreciate if you provide them with an estimate of your annual running costs

Taxes and Expenses

■For a detailed guide to selling taxes and expenses please consult the Selling section of “Advice for Buyers”

■Capital Gains Tax if you have made a profit after expenses Currently 18%

■Plus Valia – Municipal Tax on increase in land value

 ■Legal Fees

■Agency Fees

For more information on Selling Your Property consult our pages here:
http://goldacreestates.com/Sell

Global Housing Market Figures Released



Latest Statistics on Global Housing Markets

Latest figures from the Global Property Guide suggest Europe is still experiencing the brunt of the downward pressure comparing figures from the 3^rd Quarter 2011 to Q3 2012 in terms of property prices and sales numbers.

On a positive note the U.S. housing market continues to recover with the Federal Housing Finance Agency (FHFA) seasonally-adjusted purchase-only house price index rose by 2.31% year-on-year in Q3 2012, the highest growth seen since Q2 2006. The nationwide seasonally-adjusted S&P/Case-Shiller home price index also rose by 1.92% during the year to Q3 2012, in sharp contrast with its 7% year-on-year decline seen in Q3 2011.

Also Dubai in the U.A.E. has shown positive trends with the price index for all residential properties surged by 14.43% during the year to end-Q3 2012, as compared to a meagre year-on-year increase of 0.96% seen in the same period last year.

The Pacific markets also show signs of recovery with New Zealand 's median house price rose by 5.19% during the year to end-Q3 2012, in sharp contrast with the 4.39% year-on-year decline in Q3 2011. Likewise, Australia 's housing market is also improving, with house prices in its eight major cities falling by just 1.57% year-on-year in Q3 2012, the lowest decline since Q4 2010.

Some European markets are experiencing turnarounds with house price falls in Ireland decelerating. Ireland 's residential property price index fell by 13.17% year-on-year in Q3 2012, the lowest decline since Q1 2011. In addition, house prices have risen significantly in Austria, Turkey, Latvia, Germany, Iceland and Finland.

On the other hand many European housing markets remain extremely depressed, and continue their rapid spiral downwards. House price falls are accelerating in Greece, Spain, Netherlands, Portugal, Croatia and Lithuania. Of the 23 European countries included in the survey, 14 countries recorded house price falls while only 9 countries have seen house price increases. The nine weakest housing markets in our global survey are all in Europe.

Also the Asian housing market surge has weakened. Seven of the 10 Asian housing markets included in our survey performed more poorly this year than the previous year. But Asia 's biggest housing market, China, is recovering, judging by the latest quarter 's figures.

In inflation-adjusted terms, 23 housing markets have shown better year-on-year figures in Q3 2012 than in the same period last year, while 20 housing markets have shown poorer performance. However the nominal figures are slightly more disappointing—25 housing markets performed more poorly while only 19 performed better.

In Conclusion of the 44 countries for which quarterly house price figures are available, house prices fell in 23 countries, and rose in 21 countries during the year ending in the third quarter of 2012, again in inflation-adjusted terms.

The Global Property Guide's statistical presentation uses price changes after inflation, giving a more realistic picture than the more upbeat nominal figures usually preferred by real estate agents. Nominal figures can be misleading, as suggested by the fact that year-on-year in Q3, nominal house prices rose in more countries (27 countries) than fell (17 countries).



 

 

 

 

 

 

European housing markets generally weak

The scale of the European downturn, the sheer size of the downward pressure, continues to surprise. Of the 23 European countries included in the survey, 14 countries recorded house price falls while only 9 countries have seen house price increases. To make the picture more dismal, the nine weakest housing markets in our global survey are all in Europe.

Ireland remains the world 's weakest housing market in Q3 2012. However, house price falls now appear to be decelerating in Ireland. House prices dropped 13.17% during the year to Q3 2012, the smallest decline since Q1 2011. House prices dropped by just 0.03% in Q3.

Not so far behind was Greece, with house prices plunging by 12.47% during the year to Q3 2012, the steepest year-on-year decline since 1998. House prices dropped 1.03% during the latest quarter. Greece is already on its fifth year of recession with real GDP expected to contract by 6% this year.

House prices have declined in Spain. House prices plunged by 11.87% during the year to Q3 2012, the biggest decline since Q4 1992. House prices dropped 2.78% during the latest quarter. The Spanish economy is expected to contract by 1.3% this year and by another 1.4% in 2013. The country 's deficit is projected to remain high, at 8.1% of GDP by end-2012. Overall unemployment is at a record high, at 25%.

The Netherlands comes fourth on the list of the world 's worst performers. House prices fell 11.43% year-on-year in Q3 2012, the sharpest decline since Q1 2009. On a quarterly basis, house prices fell 3.37% during Q3.

Romania 's housing market remains depressed. The average selling price of apartments plunged 12.76% year-on-year and fell 4.61% during the latest quarter. Romania 's economic growth is expected to be flat this year with real GDP actually declining 0.5% in Q3 2012 from the previous quarter. The economy fell into recession in Q1 2012 before seeing a minimal growth in Q2.

Many other European countries continue to suffer. These include Portugal, with house prices falling by 9.7% during the year to Q3 2012, Zagreb, Croatia (-8.03%), Warsaw, Poland (-7.64%), Bulgaria (-6.84%), Ukraine (-4.41%), Vilnius, Lithuania (-4.36%), Slovakia (-4.13%), Russia (-3.98%), UK (-3.97%), and Sweden (-3.17%). All of these, except Slovakia and Sweden, recorded house price falls during the latest quarter.

Some strong European housing markets relieve the gloom. Austria 's housing market remains ebullient, with the residential property price index rising by 7.53% during the year to Q3 2012, after rising by 11.26% year-on-year in Q2 and 8.24% in Q1 2012. House prices rose by 0.50% during the latest quarter. Vienna 's residential property price index rose a dramatic 13.10% during the year to Q3 2012.

Norway 's house price index rose by 6.55% during the year to Q3 2012, and by 1.27% during the latest quarter.

The upsurge in these two countries' housing markets was so strong as to propel them into fourth and fifth place in the worldwide league table.

Other European countries which saw moderate year-on-year house price increases to Q3 2012 included Turkey (4.96%), Riga, Latvia (3.38%), Switzerland (3.27%), Germany (3.16%), Estonia (2.62%), and Iceland (2.28%).

Finland 's housing market is also improving. The average price of apartments in old blocks of flats rose by 0.52% during the year to Q3, the first year-on-year growth after four consecutive quarters of house price falls.

 

 

 

New Tax News for Canary Islands & Spain

The latest conditions for cash payments above 2,500 euros were announced on the19th November 2012 for Companies, Individuals and Professionals in Canary Islands, Spain.

The provision which is included in the new anti-fraud law published in the Official newspapers on the 30th October specifies that the amount is the limit payable in cash, taking effect 20 days after publication in the BOE.

For the development of this measure the legislative experience of EU countries such as France and Italy were taken into consideration. The limit is applicable to individuals, companies and professionals but does not apply to payments made to banks. There is also a provision for individual non-residents limiting the amount to 15,000 euros so as not to damage linked tourism activities.

The participants in the operation should keep documentary evidence of payment for five years from the date of payment, to prove that it was made through one of the means of payment other than cash. They will be required to provide these documents at the request of the tax authority.

Those who violate this restriction will face fines of 25% of the value of the payment made in cash. Both the payer and the payee jointly and severally liable for such infringement, so that the tax may be brought against any of them to collect 100% of the penalty.

PENALTY EXEMPTION IF REPORTED

The taxpayer who was involved in one of these transactions will be exempted from punishment if they voluntarily reported the incident to the administration provided that three months have elapsed since the payment in cash. The Tax Office has set up a procedure for handling complaints telematics from tomorrow, referring exclusively to cash payments in excess of €2.500.

The Act also expressly provides a rule against splitting operations, the calculation of the limit of €2.500 legally established. In addition, the standard introduces reporting requirements for any authority or officer in the performance of his duties, becomes aware of any breach of the legal limit.

The Tax Office has clarified that if an operation exceeds cash paid €2.500 but you pay in several times splitting the payment of amounts below the legal limit, is also breaking the limitation is effective now. That is, if an operation of €4.000 is payable in cash in two installments of €2.000 each, the penalty would be 25% above €4.000 and thus €1.000 in total.

 

HIGH DENOMINATION NOTES

The use of bulk cash is directly related to transactions to evade taxes. Limiting cash reinforces the control that keeps the tax in the fight against fraud. This line includes the special plan on the use of high denomination notes (€200 and €500), started four years ago and which is continued by the Administration.

For more information on Property Finance please read our finance pages here: http://goldacreestates.com/Finance 

Fred Olsen Fast Ferry For Fuerteventura

Begining August 24th this year Fred Olsen Express in Canary Islands Spain will be offering a new service from Las Palmas in Gran Canaria with Morro Jable and Puerto del Rosario in Fuerteventura 16 times per week with prices starting at €11.50 each way. Sailing time is estimated at 90 minutes to Morro Jable and 70 minutes from there to the Capital Puerto del Rosario. It also offers a daily crossing to Lanzarote (Playa Blanca – Corralejo) from only €2 per person each way. These schedules can connect from Santa Cruz de Tenerife via Gran Canaria (Santa Cruz Tenerife-Las Palmas-Agaete-Morro Jable) departing every Friday and Sunday and returning any day of the week, with prices starting at €17.91 per person each way.

Fred Olsen Express aims to reach its goal of 300,000 passengers a year. The Bonanza Express schedules allow travel during daytime and also significantly reduces crossing times, which is in the interests of tourism and business travelers and freight traffic between the islands. The Gold Class areas will be able to use Wi-Fi, have access to newspapers, complimentary buffet, priority boarding and disembarking and exclusive lounge access. Departures and arrivals at the Port of Las Palmas will be from the Muelle Sanapú along Centro Comercial El Muelle.

For more information about Morro Jable, Puerto Rosario and connections to Fuerteventura speak to us at http://goldacreestates.com or call 0034-928535044.

Sterling vs Euro Latest Update on Currency Exchange

Sterling vs. Euro Currency Rates can be an important consideration for buyers of property in Fuerteventura and Spain as well as those looking to repatriate after having sold their properties with Goldacre Estates. Here is the latest weekly update on what the rates are doing:

Last week saw an interesting week on Sterling/Euro with Rallies in both directions, creating decent opportunities for both buying and selling the single currency. The early part of the week saw the pound in general decline, with Mario Draghi’s Euro positive rhetoric ringing in many traders’ ears. It was then his counterpart Mervyn Kings turn to move the markets later in the week.

At Wednesdays Bank of Englands quarterly inflation report, King poured cold water on the widespread rumours that a UK base rate cut was imminent. His read on the situation is that a cut would further hamper financial institutions’ ability to lend and would in fact be counterproductive to economic growth in the UK.

With the already low interest rates unlikely to be cut investors rallied to the Pound, safer in the knowledge that their yield would not be reduced and thus the exchange rate moved up.

It appears then that the UK with its expectation of zero growth and no apparent movement on rates or quantitative easing, is now unlikely to be the main driver on the GBP/EUR cross in the short term. The storm clouds that still hang over the Eurozone seem a much more likely cause of market movement.

Although this week has seen no real negative news from the single currency area; the effect has realistically seen a sideways drift rather than any real strength. The fact that King saying there will be no rate cut can move the market a whole cent in one afternoon session is testament to how weak the Euro is.

The weakening in UK economy will probably keep the rate in check and potentially prevent enormous rallies back to pre-2008 levels but in the here and now, a near 4 year high should still be seen as attractive if you need to purchase this year; fixing a forward rate in the mid 1.20’s would suit most budgets when compared with last year when rates were as low as 1.13. 

Weekly Economic Data that may affect exchange rates

Monday – It’s a relatively quiet start to the week. The only UK data of note is the latest House Prices from the Royal Institute of Chartered Surveyors showing the health of this sector. In the Eurozone there are some minor Wholesale Prices. Elsewhere there are some Retail Sales numbers from New Zealand.

Tuesday – Lots of data today compared to yesterday. In the UK we have: Inflation Numbers (CPI and PPI), Retail Prices, House Prices, and the BoE Inflation letter by Mervyn King. In the Eurozone we have: French Inflation data, French GDP, German GDP, Spanish Inflation Data, Portuguese GDP, EU wide GDP, Industrial Production and surveys on Economic Sentiment. So much that could affect GBP/EUR rates. Stateside we have the latest inflation numbers, Retail Sales, and a measure of Economic optimism.

Wednesday – Again a very busy day, but this time all from the UK and US. Starting in the UK we have the all important Bank of England minutes. This is followed by a speech by BoE governor Mervyn King. In addition we will see various jobless measures including the Claimant Count & Unemployment Rate. Over in the states we have another round of inflation numbers, Mortgage Applications, Industrial Production and numbers on the Housing Market.

Thursday – Today we will see the latest UK Retail Sales, which are an overall barometer of economic activity. In the Eurozone there are some inflation numbers which could dictate interest rates. Stateside we have Building permits, Jobless Claims, and the Philadelphia Manufacturing Survey. We end the day with more inflation numbers from New Zealand.

Friday – There are no UK releases today. In Europe we see the most recent Trade Balance numbers and some German inflation data. We will also see the latest Canadian Inflation numbers. Over in the states we have the latest measure of consumer sentiment.

If you are looking to make an exchange contact Goldacre Estates Sl http://goldacreestates.com or call 0034-928535044 for more information about how we can help save you money when buying and selling propery abroad.

New Spanish Airline Iberia Express to Fuerteventura & Gran Canaria

Spanish national airline Iberia  launched on Sunday 26^th  March a new low-cost airline.

The new airline, Iberia Express, commenced operations and with prices starting at €25 for a one-way ticket make it very competitive with other low cost carries such as Ryanair.

Iberia Express will cover Spanish cities including Madrid, Barcelona and the Islands such as Ibiza, Fuerteventura and Lanzarote Tenerife and Gran Canaria.

The launch of Iberia Express follows the recent collapse of Spain's fourth-largest airline Spanair.

The low-cost Iberia Express has currently 500 staff and has a fleet of four Airbus A320 aircraft, according to Iberia Express chief executive Luis Gallego who also stated also it is their intention to expand both personnel and aircraft later in 2012 .

"The containment of costs will enable Iberia Express to grow and compete with the other low-cost operators such as Ryanair and Easyjet," he said.

International Airlines Group is the ultimate parent, which was formed by the merger of Iberia and British Airways in 2011.

Canary Islands Holiday Rentals

Tourist demand for holiday rentals in the Canary Islands has increased by 14% in January 2012 compared to the previous year according to holiday letting companies.
The Canary Islands including Fuerteventura are attracting more independant holiday makers as they look for more reliable warm weather especially during the winter months.

More traditional destinations such as Menorca and Ibiza in the Baleric Islands meanwhile, would benefit from new investment in holiday homes to help improve the level of available rental accommodation. Recent cold weather accross mainland Europe has also affected future visitor numbers as footage of snow falling on the beaches persuaded many to look to the Canaries instead.

In both areas, house prices have held up better than those on the mainland as owners find they have a higher return on their holiday home investments.

Recently published figures by Tinsa show for the same year period house prices accross these two regions fell by 3.1% compared to the mainland 6.6%. This no doubt is also due to the 20-30% increase in tourist numbers in some of the Canary Islands like Fuerteventura compared to a rise across the whole of Spain of 7%. 

Canary Islands Tourism Up 18.5% 2011

Tourism in the Canary Islands has increased this year by 18.5%ahead of most European destinations. The islands that include Fuerteventura, Gran Canaria, Lanzarote, Tenerife, La Gomera,La Palma and El Hierro received 9.2 million visitors from countries other than Mainland Spain in the first 11 months  making the Canaries Islands the third on the list of Spanish holiday regions, behind Catalonia with 13 million and very close to the Balearics with 10 million. Across Spain tourism is on average up 7.7% this year making the Canaries increase over twice the National average.

The reason for the above average performance has been attribuited to the Islands all year warm weather - an important consideration to families looking for guaranteed sunshine. In Fuerteventura an increase in flights from all major European markets such as the UK and also new emerging markets like Denmark and France have also attribuited to the increase. Latest tourism board figures for Fuerteventura also suggest a doubling of promotional spend for 2012 which will introduce the Island to those yet to visit its golden beaches. Estimates for the close of 2011 are over 2,000,000 visitors to Fuerteventura alone.

Fuerteventura Sand Dune Marathon 2011

Fuerteventura is becoming better known as a sports destination for athelites across the world looking to take advantage of the warm winter months which are ideal for training compared the the colder Northern European climate. More events are being organised to take advantage of this and raise further the profile of the Island which now has numerous flights from across Europe. On Sunday 6th of November the city of corralejo hosted the famous international marathon in the protected sand dunes along the Atlantic coast. The world’s champion  Roger Roca participated and won for the 3rd time making a new record of 1h26min08sec!

The results are as  follows :

Mens Event:

1º Roger Roca 1h26.08
2º José Manuel Corral 1h29.39
3º Alberto Peláez 1h33.29

Womans Event:

1ª Aroa Merino 1h37.51
2ª Lucía Mones1h44.12
3ª Sandrine Champell 1h50.35

246 athletes in total ran from 9.30am to 2pm, transforming Corralejo for a day in a fantastic athletic park ,and after the run, the athletes  found refreshment in the  commercial center  campanario which has a weekly market. The Marathon is just one event of many being organised and already this year Corralejo has been the base for the Corralejo to Morro Jable cycle race and swimming events from Lanzarote and Lobos Island to the town harbour.

To find out more about Fuerteventura, Corralejo, events and the Island in general visit http://goldacre-estates.com or call 0034-928535044.

Latest BuyIn Fuerteventura Magazine edition available

Local magazine BuyIn Fuerteventura has just printed their latest edition to be picked up from hotels and selected outlets across the island including Goldacre Estates in the CC.Oasis Tamarindo Corralejo. The newest edition focusses on the village of Lajares in the North with its close proximity to the North shore and beaches of Corralejo, Majanicho and El Cotilo. The magazine holds adverts also for local businesses and services important to those looking to invest in property here in the Canary Islands and Spain. If you are looking to advertise your business or property for sale or rent you can find all the details on the magazines website http://www.buyin-fuerteventura.com and you can view the magazine here: http://flipflashpages.uniflip.com/2/7750/103930/pub/index.html.  

The airport of Fuerteventura received the Medal for Excellence in Tourism

The Canary Islands government has just reward the Fuerteventura airport to the Medal of Excellence in Tourism 2011. The airport received this award thanks to the innovation and renewal that have resulted in improving the services offer for tourists.

The LopesanGroup and Fariones Group CEO, Bienvenido Saavedra, have also been recognized with this medal, because of the entrepreneurial activity developed in the tourism.

The island of Fuerteventura and its recent history is closely linked to the evolution of the airport after its opening in 1973. Since then, growth and continuous improvement of these airport facilities have allowed greater and more prolonged period of progress and prosperity on the island.

For the city council of Fuerteventura this distinction implies recognition of the great effort made to have one of the most innovative airports in Spain. "It's a reward for the investment made ​​in these airport facilities, taking into account the financial crisis the country has been experiencing" said Blas Acosta, Minister of Tourism in the city council of  Fuerteventura.

From AENA the news has been very welcome. "We are proud that a Canary airport received this kind of distinction. We understand that this means that we have been working well, which does not mean we will lower our guard," said Mario Otero, director of Aeropuerto Grupo Canarias”. Fuerteventura Airport is the fastest growing airport in the Canary Islands in 2011. The number of passengers has risen by 25% compare to July of last year.

The awards will be given by the president of the Canarian Government, Paulino Rivero, in a ceremony to be held next September on the occasion of World Tourism Day, an event held annually in different places of the Islands.

Source: La Provincia

The Fuerteventura city council invested more than 500,000 euros in the refurbishment of the FV-320 road. The work will be finished by the end of the week.

According to Europapress, the president of the city council of Fuerterventura, Mario Cabrera and the mayor of Betancuria, Marcelino Cerdeña visited last Monday the advance of the work that will be finished by the end of the week.

Cabrera explained that this refurbishment was carried out  thanks to an investment of 274,230 euros, for resurfacing a section of the road. With the earlier rehabilitation also made by the city council, for another 4 kilometers, the total investment is over half a million euros  which has brought a significant improvement for locals and tourists who use this road.

 Cerdeña said that "thanks to the involvement of the city council we achieved a necessary work”

Fuerteventura is recovering from the financial crisis little by little, and many investments have been made for the past few months to improve the roads, hotels, resorts…  We have to highlight the efforts made by the city council to improve the quality of life on the island that both tourists and locals can enjoy.

Fuerteventura, Canary Islands has always been a great place to live, nice weather and very laid back atmosphere, but it will be even better with all these improvements.

Fuerteventura is one of the best place in Spain to invest in property as well. The island has been attracting more tourists this year and it will go on this way. Great opportunities can be found with very good rental potential. Amongst all the real estate agency, one of them stands out. GoldAcre Estates SL offers the largest selection of property for sale in the island and will help you finding the home that best suit your needs, and can attend you in English, Spanish, German, French…

More information about Fuerteventura and the property market opportunities click on the following links:

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

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

Hotel Occupations in Fuerteventura on the rise strengthening real estate market for property in Corralejo Spain

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Fuerteventura, Canary Islands Spain is experiencing renewed visitor occupation levels for all major resorts including Corralejo, Caleta de Fuste, Costa Calma and Jandia. The increase in occupation is due to new flight routes available from all major European airports by charter companies including Monarch, Ryanair, Easyjest, Air Berlin to name a few plus the dry warm weather conditions throughout the year that make Fuerteventura a favorite destination in Spain. More tourists are getting to know the Island and enjoying its peace and tranquility as well as the world famous water sports facilities which has made it a favorite for kite-surfing, windsurfing, diving, surfing and of course those who just enjoy the golden sandy beaches and year round sunshine. The World Wind & Kite Championships are actually taking place this month along the beach of Sotavento next to the Hotel Gorriones which draws thousands of visitors each year. Up in the North Island, Corralejo is also a premier touristic resort having evolved from a small fishing village it is now a bustling cosmopolitan center with town beaches, restaurants, bars and local entertainments close to hand making it an ideal holiday destination and permanent residence for many Northern Europeans looking for winter sunshine. To own a property in Fuerteventura is an ideal investment financially which gives a solid return on investment (ROI) plus the added advantage of ownership and usage. As an example Goldacre Estates Sl can offer you a fabulous 1 bedroom apartment like this one surrounded by palm trees with large communal swimming pools, sun terraces, landscaped gardens and still in walking distance of the local beaches. It is a very bright apartment and offers a spacious lounge/kitchen which opens out onto a private balcony with views to Lanzarote and the Island of Lobos. The shopping centres of ‘Campanario’ and ‘Las Palmeras’ are close by along with the water park ‘Baku’ so there is something to please the whole family.

If you want more information about this apartment, or any other great opportunity, please contact info@goldacre-estates.com, call 0034 928535044, browse options http://www.goldacre-estates.com/ or visit our office in the Oasis Tamarindo Commercial Centre Corralejo.

GoldAcre Estates offers a great apartment in Corralejo, Fuerteventura

GoldAcre Estates offers a great apartment in Corralejo, Fuerteventura. A lovely 1 bedroom apartment in a tropical oasis complex. The property comes fully furnished with the benefit of a communal swimming pool.All amenities are available within a walking distance. It is a great property for a great price in a great place, Fuerteventura is a great place to live. The island offers the best beaches of the Canary Islands, Spain.

If you want more information about this apartment, or any other great opportunity, please contact info@goldacre-estates.com, call 0034 928535044, browse options http://www.goldacre-estates.com or visit http://www.buyin-fuerteventura.com

Spain, great place to invest

During the last three decades, hundreds of thousands of Britons have purchased property in Spain. Nonetheless, a surplus of villas and apartments has spawned due to mortgage defaults from British buyers. By noting the declining property prices during the month of June, according to valuation and consulting firm Tinsa's latest General IMIE (Spanish Property Market Index) report, one can see the opportunity to purchase Spanish property at a low price. This is why British investors are continuing to invest in the Spanish real estate market.

Along the Mediterranean coast, the Balearic and Canary Island archipelagos are amongst the most popular tourist and investment attractions in Spain. The Balearic Islands feature Mallorca, Menorca, Ibiza, and Formentera. With its Opera House, Mallorca offers a stately and elegant experience, while King Juan Carlos’ castle sits in Palma. Menorca offers a drier climate than the aforementioned Mallorca, in addition to cool breezes.
The Canary Islands offer the best climate of Europe, never cold and never too warm. The archipelago offers important natural attractions, especially Teide National Park and Mount Teide (the third largest volcano in the world), and its beaches which are considered as one of the most beautiful of Spain make it a major tourist destination, with over 12 million visitors per year, especially in Tenerife, Gran Canaria, Lanzarote and Fuerteventura.

Despite the falling prices of property in Spain, Spain’s status as an advanced Western European country renders it a safe investment, as it continues on Europe’s path to economic recovery. As Spain will continue to have superb weather and a developed economy, to buy Spanish property would be the epitome of the much heeded advice: “Buy low, Sell high.”

So if you are interested in buying or renting a property, GoldAcre Estates offers the largest selection of properties in Canary Islands, Spain. So if you want to find the home that meets your dream come and visit us. We will take care of everything

If you need more information about us please contact info@goldacre-estates.com, call 0034 928535044, browse options http://www.goldacre-estates.com or visit http://www.buyin-fuerteventura.com

Corralejo will refurbish 6 tourist complexes, 20 million will be invested

Corralejo will refurbish 6 tourist complexes; 20 million euros will be invested. This project will contribute to the improvement of the competitiveness of the tourism industry in Corralejo, Fuerteventura, in the Canary Islands and therefore will offer a product of better quality.

The initiative is part of the plan of modernization, improvement and increase of the competitiveness of the tourism industry that drive the Canarias government, the city council of La Oliva and the Fuerteventura island council.

Claudina Morales, president of the coalition Canarias pointed out that this initiative will not only allow improving the tourism industry of Corralejo, besides it will mean a huge economic injection for the building industry.

The complexes that will benefit of this modernization are the “Lobos Bahia Club” which will become a four star hotel with a shopping area, Punta Elena, Brisamar, Hopalco, Mar Azul and Aloe Club will be the other complexes to benefit of these refurbishment.

The tourist occupation level has increased a lot and with this kind of refurbishment it is very likely to keep increasing. Meanwhile property prices have decreased and will shortly go up again so it is the right time to invest in Fuerteventura.

So if you are interested in buying a house, GoldAcre Estates offers the largest selection of properties in Canary Islands, Spain. So if you want to find the home that meets your dream come and visit us. We will take care of everything.

If you want any other information about GoldAcre Estates contact info@goldacre-estates.com, call 0034-928535044, or browse options www.goldacre-estates.com.

Great opportunity in Corralejo, Fuerteventura

GoldAcre Estates offers another great opportunity in Corralejo,Fuerteventura.The price of this great apartment has been reduced from 150,000€ to 125,000€. A rare and unique opportunity to acquire a 2 bedroom front line apartment with spectacular uninterrupted views of Lanzarote and Lobos. The property comes fully furnished and is ideally located for all local amenities.Beaches and restaurants are within walking distance . Take this opportunity, in the Canary Islands, Spain you won't regret it.

If you need more information about this apartment please contact info@goldacre-estates.com, call 0034 928535044, browse options www.goldacre-estates.com or visit http://www.buyin-fuerteventura.com

Time to invest in Spain

Rise in holiday bookings bode well for Spanish property investment. Investors interested in property in Spain could benefit from more rental opportunities as more British choose to holiday in Europe. The Travel Association, bookings to Spain have increased by 11 per cent compared to last year, showing that the destination is becoming more popular with holidaymakers.Short breaks are also seeing more people travelling into the country, as economies around the world recover and capital has been freed up to boost overseas stays. This year that Spain was the UK's favourite holiday destination for breaks during the Easter period, with the Canary Islands being the most popular hotspot among British travellers.

It is time to invest in Spain,don't miss this opportunity GoldAcre Estates SL offers the largest selection of properties in Fuerteventura, Canary Islands, Spain at a very competitive price with very good rental potential

If you want any further information about us contact info@goldacre-estates.com, call 0034-928535044, or browse options http://www.goldacre-estates.com/english/index.html

Source: Property showrooms

Apartment for sale in el COTILLO, LA OLIVA,Fuerteventura

GoldAcre estates SL offers Apartment for sale in el COTILLO, LA OLIVA,Fuerteventura. It is a stunning 1 bedroom apartment built with a good quality. Located in a lovely town of Cotillo, close to the most beautiful beaches of Fuerteventura in the Canary Islands and all the amenities with nice shops, restaurants and bars. Great oportunity, great value in a great island. You won't be disspointed, the Canary Islands offer the best weather and lanscapes of Spain.

If you are interested in buying or renting a property, GoldAcre Estates SL offers the largest selection of properties in Canary Islands, Spain. So if you want to find the home that meets your dream come and visit us. We will take care of everything

If you need more information about this apartment please contact info@goldacre-estates.com, call 0034 928535044, browse options http://goldacre-estates.com or visit http://buyin-fuerteventura.com