Saturday, February 20, 2010

Light at the end of the tunnel

Taylor Wimpey is set to begin  construction of a number of small property developments in various parts of Alicante Province as the pound strengthens against the euro and the demand from British buyers starts to increase. The company aims to use some of the primes sites it owns to build developments of up to 30 properties in places such as Calpe, Monforte de Cid, Rojales and Bétera.

Sales director in Spain, Victor Sagué, said sales have been steady over the last year with 200 properties sold. The company hopes the trend continues so they can keep building. He added the company had reduced its prices by between 20 and 35 per cent.

While the news from the real estate sector is good, it was even better news from UK tour operators TUI and Thomas Cook who said bookings for this summer have gone up 10 and 15 per cent respectively.

The president of the Benidorm and Costa Blanca hotel owners association Hosbec, Antoni Mayor, said that last week the two companies sold 60,000 package holidays more than in 2009 and the forecast for this year is that the sector will recuperate its 2009 losses.

The only drawback for the sector is the national market which has traditionally bolstered low visitor numbers from other countries. Hosbec fears that national tourism will suffer if the economic crisis continues.

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