Cost Azahar has biggest ‘new property glut ratio’ in Spain
The Costa Azahar, or ‘Orange Blossom Coast’, in the Valencian province of Castellon, wins the dubious prize of hosting the biggest unsold inventory of new properties per head of population (glut ratio), according to new figures from the Ministry of Housing, reported in the Spanish daily El Pais.
Marina D’Or trying to dump London Oxford Street showroom
The Spanish press reports that holiday-home developer Marina D’Or has initiated proceedings to abandon its London Oxford Street showroom, in a further sign of the slowdown in the Spanish holiday-home market.
Spain’s Minister of Industry would rather “quality tourism” than Marina d’Or
In a recent interview with the Spanish daily ‘El Mundo’, Miguel Sebastián, Minister of Industry, made it clear what he thinks about Marina d’Or, a monstrous-looking new development and holiday resort in Oropesa, Castellon province, on the Costa del Azahar.
Marina d’Or sales and profits fall
Marina d’Or, the monstrous new development in Oropesa, Castellon province, on the Costa del Azahar, has revealed that profits fell by 50% in 2007, leading to the loss of 1,000 jobs at Marina d’Or.
|
|
||||||||||
