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 Murcia mega-resort excites investors
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Thursday, April 19, 2007 |
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The Spanish property industry will be home to the largest property resort in Europe, with some 60,000 new homes set to be built in Murcia, according to reports…
Up to 11,000 hectares of land is thought to have been declassified on the Spanish coastline near Aguilas, Murcia, according to SpanishVenture.com
The freeing-up of this land is expected to lead to a substantial supply boost in the Spanish property market, Homes Worldwide reports.
As well as providing the space for 60,000 homes, the land is set to host 22,000 hotel beds, five golf courses and a marina with room for 2,000 boats, consequently delivering an additional boon to the tourism industry.
The complex is set to occupy around 2,150 hectares of land and is expected to come at a cost of more than 3.8 billion euros (£2.57 billion).
Its confirmation coincides with the opening of a multimillion pound dual carriageway linking Almeria with Murcia and follows a deal struck on March 30th to build a new international airport 15 kilometres outside Murcia.
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