First properties from Patrimi completed – Sena work has started

The first properties from Patrimi on Las Ramblas Golf in the “El Farallón” urbanisation has been completed. On the highest point of the area is now constructed 30 properties in stunning architecture, with beautiful details and high materials. The 24 properties surrounding the pool and garden area and the Danubio apartments are all finished.

Now the work on the Sena apartments has started. The 3D pictures from the presentation promises to keep up the very high standard.

Contact Mediter Real Estate for further information regarding the beautiful properties from Patrimi.

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Oasis Beach phase 1 close to be finished, phase 2 taking shape

The huge sales success Oasis Beach from Contrimar in La Zenia is well under way. Phase 1 is close to be finished. The garden area is looking beautiful. Phase 2 has really taken shape. Machines are moving dirt and digging in the upcoming phase 3. Phase 1 is totally sold out. Phase 2 still offers a few properties. Phase 3 still offers good locations at very attractive prices.

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Agua Marina from Trivee is taking form

The construction of Agua Marina from Trivee in Cabo Roig is taking form. The fundation in phase 1 looks to be finished. In phase 1, is where the entrance to the underground parking is as well. Close to all properties in the Agua Marina has beautiful seaviews due to the stunning location by the seafront in Cabo Roig.

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La Punta in Señorio de Punta Prima is well under way

The construction of La Punta in Señorio de Punta Prima is going as planned. The first line of houses is now at full height. The line houses where the underground parking will be, has now its fundation finished, and the structure is expected to rise within short time.

Contact Mediter Real Estate for further information about La Punta in Señorio de Punta Prima.

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Play Football with Iker Casillas in Torrevieja this summer

Do you dream of playing football with the captain of the reigning world champions, European champions and Spanish champions, Iker Casillas of RealMadrid, the dream can come true this summer in Torrevieja.

From 5th-12th and 16th-21st July a football schools of  professional trainers and Iker Casillas is arranges. The football school will be for both field players and goalkeepers. Ages for football players will be between 6 and 16 years. Price for the school starts from 220 €.

Torrevieja and surroundings have supplied players for the Spanish top clubs, and currently a local talent, Belima, is paying at RealMadrid’s youth team.

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Positive sales figures for foreign house buyers in Spain

Housing Crisis in Spain is mentioned in many media, focusing on the fall in prices that are expected to come. However, statistics show what we at Mediter Real Estate has seen nor for some  time.

What is the crisis for Sellers, is an unusually good opportunity for buyers. Tinsa, one of Spain’s largest independent residential appraisal companies have published market figures for Spain, with ratios up to April 2012. Prices peaked in the official statistics in December 2007. In total, prices in Spain has fallen by 29.8%.Various experts believe that prices must come down further down by approx.10% before the bottom is reached.

It is interesting to go into further detail for the housing market in Spain. The Mediterranean coast, where many homes are secondary to homeowners, and generally is very price-sensitive. This could be seen in statistics, house prices in Spain soared up to the year 2007. Due to this price sensitivity around the Mediterranean coast, we saw in the autumn of 2008, prices took a nosedive of 30%, while the official figure was “only” declined by 3-4%. In total, prices in the Mediterranean has declined by 37%. What makes this interesting is that in a market/country of Spain’s size, there are areas where trends starts and will quietly take the rest of the market in a given direction.

What we see on the Mediterranean coast is that sellers of resale properties has hit a pain threshold for price drops. Furthermore, the large construction companies has started to build new homes in great style – and sells them. We have at Mediter Real Estate not noted a definite decrease in the last 12 months. We see however that some homes even have increased slightly in price.

That there are good opportunities to buy at the moment, can be seen in the sales statistics for foreign property buyers in Spain. In total traded residences of foreigners in Spain in 2011 to 4.748 billion Euro. An increase of 27% compared to 2010. For comparison, in 2006 during ” the boom” acted housing for 4.716 billion euros. However, there is still a small step up to the 5.3 billion Euro, which was traded by foreigners in 2007 and 2008.

Sales figures released last week shows that the Costa Blanca, lead to sales to foreign buyers, with almost as many home sales as the Costa del Sol, Majorca, Costa Brava and the Canary islands combined. Sales figures, price trends on the Costa Blanca and turnover suggests that a real estate trading on the Costa Blanca is a very exciting and great opportunity.

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Orihuela Costa – Alameda del Mar – La Calma

Corner penthouse apartment with 2 bedrooms and 2 bathrooms. The bathrooms has underfloor heating. From the terraces and the solarium, you will have splendid views overlooking the Mediterranean. To the apartment is a covered parking. The gated complex has 4 big communal pools.

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The government helps Bankia

7 savings banks merged approx. Eighteen months ago, to become Spain’s third largest bank under the name of Bankia. The two biggest savings banks in the merger was Caja Madrid and Bancaja. Bankia has fought hard from the beginning due to a bad portfolio.

The government has now transferred 10 billion to the bank inder to help with lack of liquidity.For help achieved 45% of the bank’s shares, and the government takes control of the bank. It was the bank itself, which has approached the government for help.

What will happen now, besides the state has taken over management is uncertain. There have been rumors of other banks interest in buying Bankia, but it has only been at the rumors.No customers have lost their deposits. The only people who have suffered a loss is shareholders in the bank.

The whole process has been supported by both government and opposition in Spain.

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Orihuela Costa – Cabo Roig – Vista Azul

Nice quatro in Cabo Roig. 2 bedrooms and 2 bathrooms, sold fully furnished. Due to its location in the complex, the properties offers very nice views from the terraces. Walking distance to alle amenities.

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Costa Blanca leads the way in sales to foreign buyers

A crisis for Spain but an opportunity for foreign buyers to bag a bargain on the Spanish coast. That is the way at least 9,200 foreigners who bought holiday homes on the Costa Blanca last year must be looking at the situation. Buyers were led by Russians, Britons and Norwegians, who made up 80pc of the market. This is a sign the foreign market is starting to recover, albeit slowly.

José Vicente Dómine, Director General of Public Works for the Generalitat (Valencian regional government), was quick to point out that more foreigners bought homes on the Costa Blanca last year that in Madrid and Andalusia combined, and almost as much as Catalonia, the Balearics, and Murcia combined.

According to Dómine’s figures, obtained from Spain’s notaries, home sales to foreigners last year by key region were as follows: Catalonia – Costa Brava / Dorada 5,200; Malaga – Costa del Sol 4,600; Balearics 2,700, and Murcia 1,500.

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