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Murcia News from Mucia Villas

Financial

financial news Villa QuestThe chart illustrates the decline in the GBP/EUR cross after sterling started the week on the back foot. On Tuesday a reading of UK inflation, the Consumer Price Index, fell by more than initially anticipated. Market participants sold the pound after the announcement as it suggests the UK’s recovery may be beginning to slow.

Much of the pound’s gains over the past few weeks have been tied to speculation that the economy is recovering sufficiently to warrant alterations in monetary policy by the Bank of England. Interest Rates have been the most widely discussed component of the BoE’s province of control as Mark Carney, after pledging to keep the public informed of his decision process, initially stated that a discussion on a rate increase would only take place after Unemployment in the UK fell to 7%.

The Governor has been quick to reiterate, however, that 7% Unemployment is only a suggested level and that Britain’s recovery needs to be balanced and sustainable before any major policy changes can take place.

Paramount Studios in Murcia

Premursa Theme Park S.A., the company in charge of getting the Paramount Theme Park in Alhama de Murcia up and running, has announced that the initial works contracts for construction of the complex have been awarded for a total of 72 million euros.

52 million euros of this amount is the budgeted cost of construction for the first of the two phases of the Parque Tematico Paramount, the winning bid having been submitted by Ferrovial Agroman. The multinational company based in Madrid fought off ten other bids, including interest from five other stock exchange listed companies, and will also be in charge of construction on the second phase: as yet no price has been finalized for this, although in theory it will be built at the same time as the first phase.

Paramount Theme Park Murcia SpainMeanwhile, the start date of January next year appears to be fixed. Before that, though, the Town Hall of Alhama de Murcia has to approve the building licence, and in order to do so council officials will have to wade through the 6,000 plans and thousands more pages of documentation which make up the project. The signposting within the theme park alone accounts for more than 300 pages, so they can be forgiven for taking their time.

It's a long way off completion, but a Paramount Pictures-branded theme park is set to open in Murcia in 2016. The plan for the park was announced last week, revealing that zones will be themed on Paramount movies, such as Star Trek and Mission Impossible, on a site between Mazarrón and Alhama de Murcia, 20 minutes from the beach and the marina resort of Puerto de Mazarrón and just 10 minutes from our Mucia Villas offices in Camposol and Puerto de Mazarron. At least five hotels will be built on site, along with shopping malls, bars, clubs and an auditorium that will take 15,000 people. Over one billion euros is to be invested in the park and will employ over 10,000 people over the course of construction.

The site is an ideal location as Murcia has about 300 days of sunshine a year -- important for the vitality of any theme park. It is also close to air and ground transportation with the new roads already in operation and, 20 minutes away, the new International airport at Corvera due to open at the end of 2014.

For more information about this exciting development click Premursa

Murcia Update

The upward trend on property sales in the Murcia area continues. With such fantastic bargains to be had the discerning buyers looking for investment opportunities are snapping up houses and apartments as soon as they appear on the market.

Murcia Property UpdateWith prices so low at the moment, many find it is also easy to obtain financing. The banks are happy to give small mortgages on properties they know are worth much more than the sale price.

We have access to a wide range of bank repossessed properties – too many to advertise on our website, but if you are looking for a property please contact us with your requirements and budget and we will endeavour to find a bargain for you.

Tourists to the region for the half-term break have been taking advantage of the continued summer weather with temperatures still around 30 degrees and the sea still warm enough for the children to enjoy the beaches.

Paramount Studios Video

This is the video leaked on You Tube for the Paramount Studios Theme Park in Murcia. It shows the artist impressions for the various attractions intended for the park and the prospect looks very exciting. This will boost the holiday homes and rental properties in the area as 3 million extra visitors per year are expected to flood into Murcia – by plane to the new Corvera International airport, high speed rail links and new motorways.

Paramount Theme Park is set to open in 2015 with work due to commence Spring next year. Costing around 1 Billion Euros the park will be the largest in Europe and will boast huge attractions for adults and children.

Have a look at our wide selection of properties in the area whilst it is still possible to find great bargains. From a property point of view, with 3 million tourists expected annually, it will be hard to go wrong by owning a property in this area in the coming years.

Energy Performance Certificates (EPC)

The Spanish government confirmed on the 5th of April that all existing homes in Spain that are for sale or rent, the bulletin released yesterday states in CLAUSE 5A that it is obligatory for all properties advertised for sale or rent should have an EPC. This clause becomes legal from 1st June 2013.

The owner of the home, building, or business premises will be responsible for obtaining and paying for the certificate, which they will need in order to sell or lease their home.

FAQ

What is an energy certificate?

It is a report that describes how efficient a home is in terms of energy consumption. It assigns an energy rating to each home on a scale which ranges from "A" (the most efficient) to "G" (the least efficient).

Who can issue an energy efficiency certificate?

Our qualified assessors are here to help you through the process.tn News Page EPC rounded corners

Will the technician need to visit the property?

Yes. They have to visit the property to take measurements and collect information about the property before drawing up and certifying the report.

How much is the EPC certificate?

It depends on the size of your property.

Apartments

Up to 55m2 - 125€ + IVA

Between 55m2 and 120m2 - 155€ + IVA

Between 120m2 and 200m2 - 175€ + IVA Over 200m2 - 235€ + IVA

House

Up to 55m2 - 140€ + IVA

Between 55m2 and 120m2 - 170€ + IVA

Between 120m2 and 200m2 - 190€ + IVA

Between 200m2 and 300m2 - 245€ + IVA

Over 300m2 - Negotiable

Who needs an EPC certificate?

All properties that are being sold or rented out (rented or used for more than 4 months per year).

How long is the energy certificate valid for?

The certificate is valid for 10 years. This means owners will not have to obtain a new certificate during this period unless they renovate or change the property in any way.

Will a low rating affect the sale of my home, can I sell it without any problems?

You are free to sell your home. The only way it will affect a sale is how the rating influences the buyer.

If I want to sell my home and it has a poor energy rating, such as D, E or F, am I obliged to make any improvements?

No, you are not obliged to make any improvements even if your property has a low rating.

If you need any further information, please do not hesitate to contact us.