Insight into the Spanish property market, guides to help you make informed decisions, and a directory of real estate professionals and home service providers from a source you can trust.
This is a website for buyers, owners, and sellers of property in Spain, offering reliable information and resources to help you get things done with confidence. It is run by Mark Stücklin, author of the Spanish Property Doctor Column in The Sunday Times (2005-2008), and the book ‘Need to Know: Buying Property in Spain’ published by Collins.
When you buy or sell property in Spain the sums of money are large, perhaps one of the biggest financial decisions of your life. The high transaction costs you will face like taxes and commissions only make the decision more important to get right. And when you own property in Spain you face a host of extra challenges to manage, and costs to control. Unfortunately, the Spanish property market is opaque and full of pitfalls, and notoriously unprofessional. Buying and selling property in Spain is not a decision to be taken lightly, and you may find it much easier to buy than sell if you don’t take care. In this market it is crucial to do your own research, and don’t rely exclusively on people who are trying to sell you something – let’s just say they might not have your best interests at heart. Spanish Property Insight is the only independent source of information and analysis of the Spanish property market. Don’t even think about buying or selling property in Spain without subscribing to Spanish Property Insight.
The Tourist and Leisure Centre of Vila-seca and Salou, also known as BCN World, passed another planning hurdle with the definitive approval of its Urban Master Plan (PDU in Spanish) by the Catalan Regional Government, or Govern, reports the Spanish press.
Now the shortlist of three companies selected to bid for licences to operate BCN World – Hard Rock Casinos, Melco, and Peralada Group – have 90 days from the date of approval to submit their proposals.
The Govern is sticking to its goal of breaking ground this summer once the operator has been chosen.
BCN World is located beside PortAventura World, in Catalonia’s Tarragona province, home to the Costa Dorada. The project is expected to require an investment of up to €2.5 billion, and create 10,000 jobs, all according to press reports.
Over the years, the project has run into significant political opposition from left wing parties in Catalonia like Esquerra Republicana and the CUP, who are against the casinos, amongst other things. As a result, the space dedicated to casinos has been reduced by 50% compared to the original project, with just two casinos in place of the original six. Hotel space has been reduced by 30%.
So it looks like this project is slowly moving towards becoming a reality, in the face of strong political opposition from the left. If it does go ahead, I expect the project will have a significant impact on the area, bringing in tourism, creating jobs, and boosting demand for housing. The development will also include golf courses and residential developments. Something to keep an eye on.
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