Tuesday, May 17, 2005
Who Is The Property Profit
Its me, well for now anyway. I want to talk about investing in property and where are the hotspots and best areas to look for investment property. Just now I'm looking at property in the Valencia Region of Spain where big things are about to happen.
2007 is the Americas Cup and with that brings lots of money and investors. Its expected to bring 1.3 billion euros of investment to the city - there has never been a better time to buy property in Valencia. The cup announcement has spurred national and regional government into accelerating and expanding various infrastructure plans, such as rebuilding the port area, extending the airport, and completing a high-speed rail link to Madrid.The creation of over 10.000 jobs will be a real boost to the local economy and many suggest that the huge investment in infrastructure promised by Spain had swayed the decision of the America’s Cup Swiss organizers. Many predict that the Cup will have the same dynamic impact on the Valencian economy that the 1992 Olympic games had on Barcelona.Nevertheless, wind and sea conditions were seen to be near ideal during the race period and organizers announced that good and predictable weather was a key factor in their decision.Preliminary rounds begin in Valencia in the summer of 2004 with the final itself in 2007. If the defending Swiss team retain the Cup, then the 2011 Cup may well be held in Valencia too. See official web site here.
