Costa del Sol Property News

Reporter Kathy Sheridan of the Irish times was recently in Marbella to report on the current Urbanistic situation. Premier Property International met with Kathy, together with representatives of Vital Abogados a prominent Marbella Law Firm to discuss the unfolding problems & possible legal consequences on the Costa del Sol.

After a wait of over 15 years the start of the project to build a tunnel on the A-7 (old N-340) as it passes through the notorious San Pedro de Alcántara bottleneck is about to begin. The plans were presented this week in Marbella by the Minister of Public Works, Magdalena Álvarez, before a large audience of local people.

Both the Manilva Town Hall and the multinational Disney company hope that the educational theme park, which will take up 20,000 square metres of land, will be funded with private investment.The principle of the idea has support from the Junta de Andalucía’s education department, whose department head, Francisco Miguel Alvarez, said that, while nothing is concrete yet, ‘the four fundamental elements are a reality.’: the land area, the finance, the town planning requirements of the plot, and the Disney name. Lots of property owners in the Manilva area are now getting very excited over this whole project. Whatever Disney are planning to do in the area it will certainly have a major impact on tourism in Manilva.

House prices continued to show signs of a gradual slowdown in the second quarter of this year, but the country's massive property boom seems far from having run its course, according to figures released Wednesday by the appraisers association Tinsa.

Premier Property International were present at the inaugural Property Expo in Cork organized by the Sunday Business Post in 2005. Presenting an interesting portfolio of real estate in the Costa del Sol, Costa Blanca and Costa Almeria. The Premier stand was visited by the T.D. Michael Martin.

Considering buying overseas for investment? If so, you’d be wise to study the Rics European Housing Review for 2005 that analyses property growth in 17 countries. The study carried out by the Royal Institution of Chartered Surveyors (RICS), covers a variety of locations such as Spain that have long been popular with British & Irish buyers, to the new emerging markets of the EU countries in Eastern Europe that are popular with those hoping to grab a bargain.

According to the ‘Asociación de Promotores y Constructores Españoles (APCE)’ this represents a progressive gradual decrease in comparison with 2003, when 650.000 homes were built and sold. The continued demand for new homes further adds stability to the construction sector and the Spanish economy is relatively unaffected.

Following on from the recent success of the Overseas Property Exhibition in the Dublin's City West & RDS in 2005, Premier Property International will return in 2006 for these big events.A show in Cork's Silver Springs Hotel is also set to bring a repeat of the success last year.