Wednesday, April 28, 2010

Green Light for Marina D'Or expansion

The Valencia government has agreed to the expanision of the Marina D'Or development by 30,000 homes, which will make it the biggest holiday resort development in Europe.

There are to be 3 new golf courses, which they plan to build first, leaving the property construction until the property market recovers.

I guess that their rationale will be that there will be a market for more "off-plan" sales, and that the size and status of the existing development will attract buyers to a safe investment.

It will be interesting when they try and get the funding for it.

Size and reputation hasn't helped La Manga and Polaris much recently.......

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