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News
Latest version of the POTALA
The new version of the POTALA (Plan de Ordenación Del Territorio Del Levante Almeriense) has just arrived from Seville, with a few small changes and a few surprises.
The POTALA is the new grand plan for this area drawn up in Seville and the cornerstone of the whole plan is the infamous Llano Central, which is a new macro city the size of Seville to be in the centre of the Levante.
Llano Central is the macro urbanisation contemplated in the area next to Valle del Este Golf resort. The city is expected to be comprised of 25,000 luxury homes and flats attractively placed around (public) golf courses, 5 star hotels and swimming pools. It is expected to create 130,000 jobs and has an investment of 5,000,000,000€.
In PDF, so you need Adobe Acrobat to view, and they’re big. Three plans of the same area, each with a different overlay.
* Plan de Ordenación del Territorio del Levante Almeriense (POTALA) - Natural Resources & Risks. (21mb) PDF 01
* Plan de Ordenación del Territorio del Levante Almeriense (POTALA) - Planning & Zoning. (16 mb)PDF 02
* Plan de Ordenación del Territorio del Levante Almeriense (POTALA) - Infrastructure. (14 mb) PDF 03
Here are a few details that jumped out in comparison with the previous plans:
- Turre gets a bypass.
- A new road from exit 520 to El Pinar and the Bedar road, behind Los Gallardos.
- The road from exit 525 to Garrucha (continuing the Antas-Los Gallardos road), the Puerto Rey - Mojacar bypass, and the Mojacar Playa bypass through La Parata are staying the same.
- New bus stations for Los Gallardos, Turre, Mojacar, Garrucha, Vera, as part of the unified transportation plan.
- Mojacar does not get its new marina.
- A large commercial area goes up from Mojacar Playa, along the Rio Aguas, to the Mojacar bypass.
- Los Gallardos - Garrucha, and Los Gallardos - Turre - Mojacar roads are both marked for “upgrading”.
- The large industrial area in Carboneras goes ahead, together with bus station, two new “tourism centres” and a large tourism / commercial centre zone.
- The Algarrobico is still marked as Natural Park.
- Llano Central, of course, being the new macro city.
- Puerto Rey commercial centre expanded.
- Villaricos gets a large commercial area.
- Vera, Antas, marked as “productive areas” for industry.
- Large urbanisation area between Cuevas and Villaricos
- Train line from the AVE line in Pulpi to Huercal Overa (potential station?) and upwards towards Albox!
- All of Pulpi and Hurcal Overa are included in named “Plan of Ordenation of Porcine Resources”.
- Antas industrial area seems to have been toned down a tad.
- The river from Cuevas dam to Cuevas is now marked “for commercial use”, and Cuevas dam marked as a “general tourist resource”.
- The old Bédar to Garrucha railway is being marked out as a walking route for hikers.
- Domestic gas lines are to be running to towns.
- The infamous Antas - Mojacar electric lines, which were the subject of so many protests a few years ago and are currently before the high courts of Andalucia, are to be moved. Before the “electric corridor” was further away from the (illegal) route the pylons took (closer to Los Gallardos and down the river bed) - they now correspond.
Special Thanks for the above information to the Administration of David Jackson
Mortgage News
Those who are having difficulties meeting their ever increasing monthly repayments will be happy to hear about a new law that has been passed and will shortly be implemented here in Spain.
You can increase the term of your mortgage thereby reducing payments.
There is a catch however, you can only take out a mortgage until the age of 70, therefore if you are 35 the maximum mortgage term would be 35 years.
If you are 45 the maximum term would be 25 and if you are 60 the maximum term would be 10 years.
According to Antonio Argandoña, professor of economics at the Navarra University IESE Business School as reported in the Christian Science Monitor, these measures will only have a limited effect. “Extending mortgage terms may help families who already have loans, but it’s going to impede access to new credit, since the banks aren’t going to be as interested.”
Most Spaniards have variable interest loans at low prices, with the average loan at EURIBOR + 0,76%, between 1% - 3% lower than what most would pay with a fixed-rate mortgage. In fact, Spain has, I believe, the cheapest variable-rate home loans in the world. Unfortunately, individuals are far less prepared to take on interest rate risk than banks.
After 19 straight central bank EURIBOR increases, and interest rates back at 2001 levels, many who took out loans when interest rates were low are hurting. As their pain increases, loan defaults go up; at the same time, contractors slow home building, economic growth slows, people lose jobs. The economy adjusts, almost automatically; it's all part of the economic cycle.
Therefore, we can conclude that the correction will not be a quick one, going by past trends we see that euribor is reaching the peaks similar to 2000 – 2001 before the introduction of the euro.
If you can meet the tight lending criteria of the banks in Spain then you could be in the game for a real property opportunity.
When a door closes for one person a window of opportunity always opens for another.
Amazing Opportunity for VIP Almeria Clients
A two bed apartment at Al-Andalus leading on to one of the communal gardens would usually sell for €201,500. For a short time only, VIP Almeria can offer these properties for just €139,900 with up to 115% mortgages so all costs are covered.
Click here to find out more!
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More Buyer Friendly Process Announced
Following the re-election of the PSOE, Jose Luis Zapatero intends to encourage the purchase of properties for rental through mortgages, while improving security and guarantees for landlords and simultaneously boosting protection for tenants.
The wealth tax is set to be eliminated plus we will see an increase in the tax free allowance for inheritance tax from €13,651.99 to €60,000
This will mean 80% of beneficiaries will now pay nothing plus an exemption for main homes.
Spain second most popular tourist destination in the world
Spain received a record 59.2 million overseas visitors last year, as the country remained the second most popular tourist destination in the world.
The figure was up 1.7 percent from 2006 when there were 58.2 million overseas arrivals.
According to figures released yesterday by the Industrial, Tourism and Trade Ministry the number of visitors in December alone was up 0.7 percent at 3.2 million.
The ministry said Catalonia, the Balearic and Canary Islands and Andalusia were the most popular destinations last year. Foreigners showed increasing interest in Madrid, with the number of visitors climbing to just under 12 percent.
The main market for Spain remained the United Kingdom followed by Germany. Britain accounted for 27.5 percent of all foreign visitors last year. Spain also became increasingly popular with US visitors. The number of arrivals from the United States rose 22 percent to 1.1 million.
The ministry also said total spending by tourists in the 11 months to November was up 3.5 percent at €46.897 billion. Average spending per tourist in the period was up 1.4 percent at €865, although the average stay declined by 3.1 percent to 9 nights.
Mojacar's Ayuntamiento
An agreement has been reached and signed.
- Rosmari Cano will be the new mayoress of Mojácar after she agreed to the support from Ciudadanos.
- Europeos de Mojácar (Angel Medina) and GIAL (Diego García). Angel will become the councillor for tourism, culture and public transport.
- Diego for youth and sports and the three leaders will run a joint consejalería for the all-important urbanismo.
The first order of business is to initiate a General Plan (PGOU). The swearing in of the new consorcio to take place this Saturday June 2nd. (We have one 'European' councillor, Albert Schröder from the PP. Our congratulations and good luck go to him.)
Vision Investment Property Almeria
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