The Americas Cup 2007
The City of the Sea, Valencia, on the North of Costa Blanca Spain, now ranks among the most-talked about cities in the world.
In 2007, Valencia will be host to the 32nd Americas Cup yacht race. It is the first time this event has been held in Europe, during its 152 year history.
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Many experts believe that between 2004 and 2007, Americas Cup Property and Real Estate and land prices will soar in the Valencia Region. Conservative estimates suggest a MINIMUM increase of 50% in property prices, an impressive increase over the 31% per year returns our clients have made over the last 4 years alone - many experts predicting a doubling of prices, or more, within the same time frame. A little more than is currently available at your high street Bank and without the unnecessary risk of playing the turbulent Stock Market. The last two or three years have seen remarkable growth of between 25- to 35% per annum on property prices in the Valencia region. That is why many experts feel that the doubling of property prices, or more, is the likely outcome by the time the Americas Cup begins in 2007. Another example of "Americas Cup fever" already biting is the significant price increases in the purchase of mooring berths. In Gandia, a 27 foot mooring berth that last year (2003) fetched €30,000 - this year (2004) has virtually trebled to around €90,000. Yes, Valencia down to Alicante is THE investment zone at this point in time. We repeat if you are seeking to re-locate to this part of Spain, want a holiday home here, or simply if you are an investor wanting a substantial return on your investment - then experts say NOW is the time to act. |
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‘The Costa Blanca will make millionaires over the next 5 years from the right property investment, as the Costa del Sol has made many millionaires from the last 5 years.’ Those who wait WILL lose out! Spanish Government To Fund America's Cup Infrastructure Property prices in and around Valencia, already spiraling upwards following the announcement at the end of last year that the city is to host the 2007 America’s Cup, are set for another boost after confirmation that the Spanish Government is throwing its full support – including “at least 40% financial support”, according to one report – behind the bid in a move that will see infrastructural development throughout the area. In a meeting between Spanish PM Jose Luis Rodriguez Zapatero and the president of the region of Valencia, Francisco Camps, the prime minister confirmed that his government is to treat the event in the same way as it would the Olympic Games, with public backing for substantial development both on the coast and in the surrounding area. Although precise details have not yet been confirmed, heavy investment is expected in the city’s transport system as well as in marina facilities; further substantial development of the city’s tourist facilities are also on the agenda, according to a spokesperson for the regional government. Even before this recent announcement the authorities were planning an investment of at least €500 million to cope with the expected 10 million visitors expected to pass through the city between now and the Cup itself; most of that was to go towards funding developments in the port area and expansions to Valencia’s airport, particularly the runway. Hopes are high that increased government funding will now be directed towards revamping the road and rail network and on accommodation. Mr. Camps confirmed that existing projects such as the AVE high-speed link will go ahead as planned. Americas Cup Property and Real Estate prices in the city have skyrocketed since the confirmation of the event, with the value of homes in some areas rising by over 100% in the months following the announcement according to reports in the local press. Although prices have settled somewhat since then, further rises are expected as the Cup – the world’s most prestigious sailing event – draws near as owners prepare for the spectacular rental returns to be made on properties near the marina. Figures of upwards of €100,000 per week during the event have been quoted for some of the area’s most exclusive properties. |
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