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According to TV station interviewed "Real estate" experts, the market is activated by a record decline rates on the mortgage. Now credit costs just 1.25% per annum. For comparison - a year ago, mortgages were given by 4,5%. In addition, housing prices in Spain have stabilized after declining for the year by 7-8%. Exception is the resort real estate, where the main demand of the crisis to ensure foreigners. According to experts, houses and apartments since November last year there have fallen in price by an average of 10%, and this trend continued against the backdrop of declining sales on the coast. A total number of transactions fell on the Costa Dorada - almost a half times per year. At the third home sales declined in the Costa Blanca and Costa de la Lutz. A similar situation in the Canaries and the Balearic ostrovah.Spetsialisty believe that buying a house by the sea on the Spanish coast still too early. The recovery in this market will, at best, in the spring of next year.


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Benidorm

Benidorm´s beaches and range of leisure amenities explain why has it has become Costa Blanca´s main tourist area. Benidorm has some of the best beaches in the world. The fine sand, cleaned daily, the quality of the services and the transparency of the water are the main reasons given by Benidorm´s many visitors. The Playa de Levante, where most bathers gather, is located 2 kilometres from the old town centre, the Sierra Gelada and the Ricón de Loix. In the middle of the summer the...

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