It's back on

It's the Hokey Cokey America's Cup but instead of in out in out it's on off on off. More to follow in the following days to be sure but at the moment it is back on in Valencia in 2009 probably.

EDIT.
Six days later and still no news. Reports on Radio New Zealand have suggested that Team NZ was cranking up the pressure on Alinghi by demanding 50 million dollars (About 3.50 pounds sterling at current rates!!) if the Cup isn't celebrated in 2009. This report has now disappeared off their website. Rumours and counter rumours abound and meanwhile the team members sit around confused as to their role, do we work hard or is it a waste of time? I will keep you posted.

It's Off

So the huge egos couldn't get their act together on time and now the America's Cup is off for the time being. 2009 it definitely won't be, should give Alinghi time to find a sponsor, 2010 doubtful due to coinciding with the World Cup, sponsorship issues and 2011 looking most likely.- however there are issues to be resolved as regards the extension of the commercial port so whether that is feasible in Valencia is an unknown at the moment. Keep coming back here for more news. I should imagine that Rita and the local govt are none too happy at the moment.

Our Current Position

Welcome once more to the Valencia Property newsletter. (We put it on the blog this time) We only send this out irregularly as it was taken over by the blog you are looking at but today I wanted to indicate to you the latest changes to our site and possibilities.

By now you will have seen that we are here for the long term. Journalists researching stories about Valencia and the Spanish property market come to us. We are considered the authority on this area by many journalists in the national press in the UK and we have also been interviewed on local television here whenever they need a foreign perspective. We have worked with various TV shows in the UK and rejected the chance to work with others because they give a false view of what is available, yes you "A Place in the Sun" stand up.

So now we have started increasing our reach, giving you other opportunities within Spain itself and also internationally. Check out our international property page at this link. It is a work in progress but already there are fantastic investment opportunities here and more will follow. One of the developers that we work with also have investment products that give excellent returns. They are a UK based PLC and supported by one of the most respected lawyers in the UK.

We now work with Polaris World within Spain and very soon all of their properties in Murcia will be available on our website. This is after looking into many different developments around Murcia and Almeria and discarding most because of quality issues, lack of building licences or just a feeling. We will continue to look into what is available but will retain quality control at all times. Our off plan developments within and outside Valencia are ready to put on the site, we are working with Bancaja one of the most respected banks in the country, but we don't have the time to get them there yet so ask us what we have on graham@valencia-property.com

We have a new finance scheme that will allow you to release equity on a property you are selling right now, allow you to buy a property before selling your current place, invest in equity on properties with low leverage, refinance your current property or release equity and bring in a residual income. Ask us how especially if you are currently selling a place and need to get some money in now for whatever reason. We understand each person's situation is different and can respond well to your needs.

We have a rentals page that is vibrant and high quality as we work with companies on finding properties for their executives giving the owner a reliable tenant and the tenant a reliable house.

We will soon have a business opportunity page with projects, requests, business sales and purchase opportunities and other things.

Our sister company Devanio acts as a conduit for exclusive properties and markets clients' properties to over 100 agents and through our PA in India splashes those properties all over the internet in order to increase the exposure given to those properties.

Now I want you to do one thing. If you want news of reduced properties, new properties that come onto the site, business ops or international investment ops then fill in the following and send it back to us at sal@valencia-property.com and as these things happen we will immediately send them out to you.

Name
Primary E-Mail Address
What you are looking for?
Do you want your free ebook?

As things come in that should be interesting to you then we will send them out to you and you will have first access to them before people discover them on the web. (By the way, the free ebook is all about investing in property in Spain, with emphasis on Valencia, and contains more useful information than you will ever find on any website in this region. It was written by myself earlier this year and is very current)

As you can see we are moving forward rapidly. There is nobody better for you to work with when you are buying, renting, working or living in Valencia. Get in touch with your needs and we will work together to find you your perfect opportunity here and get you started in living the Spanish dream or international property dream correctly.

Bye for now.
Graham
www.valencia-property.com
www.valenciacomment.blogspot.com

The America's Cup May Well be Off

Two huge egos, two massive fortunes and an argument of "My dad is bigger than your dad etc..." means that the next America's Cup in Valencia may not be in 2009, may not be in Valencia and may not even happen in normal boats, catamarans being the preferred option of the Oracle team I will keep you informed as things develop but it looks like the only way it will be in Valencia in 2009 is if the American judge rules in favour of the Swiss in a New York court instead of the American challenge. Fat chance maybe but the judge will probably want it sorted before he goes away for Thanksgiving this weekend.

Keep your fingers crossed that Alinghi win but even then it may not happen in 2009 because loose tongues in the Spanish press suggest that they are doing everything possible to delay as they haven't got any sponsors and therefore could not moneterize the event in 2009. 2010 may well be out as they would coincide with a small event called the World Cup. Therefore does 2001 ring anyone's bell?

Accompanying picture is of a boat of course!!!!! Maybe the Oracle team would like to try and fit their team on this!

Formula One Virtual Tour

The Formula One racetrack is now planned and work has started. However if you want to know more or less it is going to go then have a look at this virtual reality tour of the track. Not perfect by any means but it will give you an idea of what the track and venue will look like.

The link can be found here but I have taken it down from here as it takes forever to load.

24 Months

Well it looks like I have been proved right (Not blowing own trumpet just commenting). After two years and 24 months of increasing mortgage costs the Euribor index, that used for mortgages in Spain in general, fell in October to a level below August and September. 4.64% is the latest figure and that is expected to fall to 3.9% by the end of 2008. This is a relief for all those people who were expecting an increase in their mortgage repayments next year and also makes the market more certain for those wanting to buy here.

I have been saying to all of our clients for the last couple of months that the Euribor will not go any higher and will start to fall as European interest rates follow American ones as European exports are becoming uncompetitive. Therefore it is good to see this happening now. Look forward to more reductions in the coming months and then the market will start to pick up more as Spanish wage earners are moved back into the market. Pick up your bargain now.