Here we are back again with our first update of 2012. It has been well documented that things have been quiet for the last 24 months or so, however things are definitely picking up with the property enquiries coming in at last. We can also confirm some very good sales have been made this year at Roda Golf, and in the region generally. It’s too early to get carried away, but this is surely great news for the local economy.
Paramount Theme Park, Murcia
Let’s get started with the latest news regarding the Paramount Theme Park and Lifestyle Center scheduled for opening in Summer 2015.
Paramount Theme Park Land In Murcia, Spain has actually been purchased By Premursa! The Theme Park will be the largest in Europe and will also incorporate a lifestyle center. For more information about Premursa see: www.premursa.com
Ten million Euros was paid for over 1,000,000 m2 of land and a further 550,000m2 of land will be purchased soon once legalities have been concluded.
The start of the construction of the Theme Park is likely to start within the next two months, and the completion will be 2015.
It is all good news for the Murcia region with over three million visitors a year likely to visit the Paramount Theme Park. It will also have a positive effect for the property market as demand for property is surely going to increase.
We have some excellent property deals at Roda Golf with properties starting from about 140,000 Euros. The Resort is just thirty minutes from the location for the Theme Park! For further information visit www.calidainternationalproperties.com or contact Stuart Thomas directly on (0034) 680 842 895.
The Property Market
We also have some great news regarding the Murcia property market
Murcia didn’t just stop being a hotspot, the market has simply taken a breather for a while.
Something is stirring on the Spanish coast and we sense that the property market in Murcia is beginning to strain against the shackles of Spain’s economic woes.
Prices have stopped falling as dramatically as they have been since 2008 only to begin to rise again in the fourth quarter of 2011. This wasn’t a spectacular rise, some would say little more than a ripple as average house prices edged up from €161,000 to €162,000.
Hardly cause to crack open the champagne just yet, though what it does give us is a clear indication that this market is finding its bottom. While demand from locals will remain weak, with many poorly paid compared to other regions in Spain, the attractive thing from an investment point of view is that foreign investment in holiday homes has increased in Murcia and so will tourism – hugely.
The main reasons for this are that Murcia has a lot going for it besides three hundred and twenty days of sun a year, fifty golf courses and two hundred and fifty miles of golden coastline.
Sun and golf have attracted investors for the past decade, unfortunately many of them will have bought at the peak of the market when prices were around €240,000 for the average house. This compares to an average now of €162,000 as I mentioned earlier.
It is however the imminent construction of the Paramount theme park (please see the DVD presentation at www.calidainternationalproperties.co.uk) which has been attracting much of the attention. The theme park opens in three years on a 158 hectare site between seven golf resorts and the unspoilt beaches to be found in the Bay of Mazarron just 30 minutes drive from Roda Golf and Beach Resort.
The huge zoned theme park will include ten 5-star to 3-star hotels, themed shopping malls, bars, restaurants, a club, 3,000-seat conference center and an open-air auditorium with seating for 15,000 people. It is expected to attract 3-5 million visitors through the gates when it opens in 3 years.
Normally this kind of news attracts investors in their droves, yet there are many that haven’t yet taken the plunge and invested in Murcia. They might cite oversupply issues as elsewhere on the Spanish coast but here to this is wrong.
What is helping the coastal micro climate of Murcia is not speculation. The current planning system refuses to allow anything to be built that may spoil the province. The local authority refuses to allow anything resembling the high rise buildings found across most of the Costas. This is why Murcia on the Costa Calida still manages to retain its old world Spanish charm.
Add to this a rental market that promises some of the best yields in Spain for investors and you have a recipe for a cash flow positive investment in 5-star resorts like La Manga and 4 star resort Roda Golf. Back in 2008 you could easily get yields of 6% and these will have increased by up to a third in 2012 as property prices are up to 31% cheaper than they were in Murcia.
The rental market is again improving at Roda Golf and with the correct marketing and advertising, rental returns can be very good. Many properties are booked up already for the summer season with some having no availability from June to September.
So as developers and banks continue to clear the decks in southern Spain, many of the genuine bargains are likely to be found on Murcia’s re-emerging Costa Calida this year. So for those investors still thinking about buying in Murcia, don’t wait too long or you may just miss an opportunity, please contact the Roda Golf specialists on 0034 680 842895 or go to www.calidainternationalproperties.co.uk for the latest luxury properties and please ask about the 100% mortgages (subject to status)
The Roda Gymnasium
We would like to wish Rambir at Generation Fitness every success at the new gymnasium at Roda Golf, the gym, located close to the clubhouse, is comprehensively equipped with the latest state-of-the-art fitness equipment and all are welcome to come and try to get that summer beach body.
Various classes are available and full training for all equipment is readily available, there are various membership packages available, or you can simply pop in for an hour when it suits you and your family during your holiday to Roda Golf in Murcia.
Finally we would like to congratulate Tim Wadeson and Helene Davies who have just recently completed the purchase of their lovely new home at Roda Golf, Tim and Helene are now the proud owners of a superb new penthouse apartment, we helped them secure a tremendous bargain and they are now looking forward to their first summer at their new home in the sun at Roda Golf and Beach Resort in Los Alcazares in Murcia.
Please see some photos of Tim and Helene below along with the new Gymnasium at Roda Golf.
Click here for a FULL SCREEN slideshow!