March 28, 2006
COMPETITOR: Spanish property “cools” after peak year
It is expected that house prices will cool down between the years 2006 and 2007, verifying a switch to the buyers’ market forecast for the current year, according to Spanish developers.
The house prices should go down between 5 and 10 percent in 2006 as construction slows down and the entry of the Spanish property buying homes is in direct competition with properties from Dubai, Cyprus and Bulgaria. This was according to the Association of Property Developers. read more
Posted on: Spain
March 11, 2006
Portuguese Golf Resorts Driving Investments
Two 18-hole golf courses designed by Nick Faldo and Christy O’Connor Jnr is the principal destination for golf enthusiasts here in Portugal. Located in the new Oceanico Developments’ new five-star Amendoeira resort in the Algrave, this resort will be managed by Troon Golf. The new 64-acre site is scheduled to be finished for Phase One in 2007 and is expected to be completely done by 2008.
The golf resort is located 25 minutes from Faro Airport and serves as the backdrop for the country’s Monchique Mountains and the resort will also include a Portuguese PGA Golf Academy, golf and sports lounge, pro-shop, banquet facilities, newly-developed hi-tech golf stimulator, and even a bar and restaurant.
Posted on: Portugal
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