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SPANISH PROPERTY PRICES SET TO RISE AS PARAMOUNT THEME PARK DEVELOPMENT GETS UNDERWAY
Mark Nolan / 2011-11-02 15:30:40
Following on from the announcement that the eagerly awaited Paramount Theme park has been given the final go ahead, we spoke briefly to Roy McDonough from The Leader Property about the impact this will have on property prices in the area.
“The minute a shovel hits soil, there will be a jump of between 15,000 and 20,000 euro in price,” he said.
“At the moment, it´s still not real. Everything´s been signed and sealed and it will happen, but everybody is waiting for the work to start. That´s why the clever investors are snapping up properties now”.
It is true that property prices are at an all time low and with many of them offering instant finance, the opportunity to become a property investor has never been so high. Some new properties are listed at up to a third of the price they were in their prime, still with the same quality structures, still backed by bank guarantees, but now with a massive discount in property tax and the future looking brighter all round.
Roy continued, “The Paramount Park is not only going to attract millions of tourists every year, but the thousands of people working at the site will need somewhere to live”. With workers at another theme park taking to the streets to protest over poor pay and conditions, many of them are not in a position to buy, or have never even considered and are likely to be looking to rent initially. That gives these properties huge rental potential. Tourists always pay premium prices for holiday lets and workers provide stability and long term commitment.
With a wide portfolio of new properties in the area, and a depth of knowledge that is second to none, Roy is heading a team of specialists who will be able to advise you on every aspect of buying your property, whether it be just the one for yourself, or a whole urbanisation to make you the next property tycoon, whatever you need, however big or small, give Roy a ring today direct on (0034) 667 592 467, or The Leader Property office on (0034) 96 897 1860, visit the website www.theleader.info/property, email email@example.com or visit our main office situated in La Zenia.
Tags: Propertyportal, Spanishproperty