European and Spanish Hotspots back in Vogue for British Real Estate Buyers Rather than far flung destinations

GoldAcre Estates the Canary Islands and Greece specialists stated that they have started to see a significant increase in enquiries from the internet, with the Greece business seeing an increase in the numbers particularly in Crete.

This seems to be to be a trend that seems to be supported by a recent report by Global Edge and Savills International via the Global Edge website GlobalEdge.co.uk

The Canary Islands has long since been a favorite with the British and European buyer famed for its mild winter climate and laid back lifestyle, recent economic factors and adjustments in prices in Fuerteventura and Gran Canaria have been a factor in their return to favour, but according to a survey of 1200 second home owners by Savills International British overseas home buyers are reverting back to more traditional second home destinations,.During the overseas property boom, the proportion of Brits buying outside of Western Europe grew significantly as buyers became motivated by the potential for capital gains. However, since the market turned in September 2008, buyers have returned to the traditional favourites of Spain, France, Portugal and Italy.“In 2010, the overseas second home market will be characterised by cash-rich, lifestyle buyers benefiting from lower prices in traditional, established holiday home hotspots.” Says Charles Weston-Baker, Head of Savills International.The survey data also confirms that 2009 was one of the worst years for the industry. 70% of respondents invested in overseas property between 2003 and 2008 but just 2% had in 2009.Rebecca Gill, research analyst at Savills International comments. “Whilst UK overseas home ownership has doubled since 2001 recent global recessionary trends have seen take-up levels dramatically slow. Factors such as fewer overseas holidays, reduced leisure spend capacity and financing availability, unfavourable exchange rates and declining house prices have impacted second home purchasing activity.”
20 % Of existing owners plan more purchases
The positive news is that a fifth of respondents said they are considering or planning additional holiday home purchases in the future. The top ten destinations being considered were France, Spain, Portugal, the US, Italy, Greece, Cyprus, Morocco, Brazil and Turkey.However, further property price falls, better mortgage availability and a strengthening of sterling against the Euro are all necessary conditions before we see the market return to anywhere near the transaction volumes of 2007.

Air Europa To Begin Flights To Spain And Tenerife From Miami

Spanish carrier Air Europa has announced it will begin nonstop service from Madrid to Miami International on March 19th, 2010, and also will renew nonstop service to Tenerife, Canary Islands, starting on June 19th, 2010.

The Canary Islands have a comprehensive inter island flight service between Tenerife and Gran Canaria, Fuerteventura, Lanzarote and La Palma and these new flights will be a great boost to the Canarian population requiring international connections.

Air Europa will operate four weekly flights to Madrid and one weekly flight to Tenerife using Airbus A330-200 aircraft. The airline first began operating at Miami International on June 20th, 2009, with just a seasonal service to Tenerife.

Residents and property owners on the islands are now benefitting from a host of new flights that have begun to serve the islands in recent months. This will also help the American tourism to the islands

More Visitors to Canary Islands

The number of tourists visiting Spain this January has increased compared to last year new statistics show. For the first time in 18 months tourist numbers rose by 1.1% to 2.54 million, not a huge rise but certainly good news especially for the Canary Islands which accounts for over 795,000 of visits making the Islands the most popular destination in Spain. In fact although the mainland has experienced small declines in both British and German numbers, some of the Islands have seen some increases, particularly in the numbers visiting from the mainland itself. While all inclusive hotels are as popular as ever the increase of second home owners especially in Fuerteventura – a developing property market – now offers visitors more private, homely accommodation and the possibility of booking directly with owners instead of tour operators.

An increase in the number of cheaper flights from Europe as well as the favoured weather during the winter months are prime reasons for the healthier statistics as Northern Europeans have escaped the freak cold conditions at home by flying a few hours further South. On average day time temperatures this time of year for Fuerteventura and Gran Canaria are above 20 degrees. New flights also bring new markets with noticeable numbers of Scandinavian visitors to Fuerteventura this winter.

For more information on local weather conditions and flights you can visit the ‘more’ section at www.goldacre-estates.com or search online for properties for sale in Corralejo, Caleta de Fuste, El Cotillo, Gran Tarajal and the villages of Fuerteventura.

Ryanair announces new flights from Prestwick to Fuerteventura, Canary Islands

Ryanair has announced extra flights to its sunshine routes from Prestwick and a new route to Fuerteventura starting next month.Chief executive for Prestwick airport, Iain Cochrane said: “This is more excellent news for the airport. As well as these welcome extras, we have new Ryanair routes starting to Fuerteventura in the Canary Islands and Ibiza next month, plus summer flights to Jersey and Turkey with other airlines.”

This is yet more good news for the tourist industry on Fuerteventura and for property owners looking for more connections back to the UK. It will also help the real estate market on the island by providing more connections between Fuerteventura and the UK which is an important consideration for potential purchasers.

The extra flights from Prestwick will go to Malaga, Alicante, Palma, Faro and Carcassonne.

Ryanair announces new route to Fuerteventura, Canary Islands

Ryanair has announced a new route to Fuerteventura from East Midlands airpot in the UK. The new service will begin on the 3rd of May 2010 and bookings will be available on line from today at Ryanair

In the same announcement Ryanair said it will also fly to Treviso, Venice from the same airport from the 5th of May.

Ryanair’s Stephen McNamara said, "Ryanair continues to develop great new routes so that passengers can beat the recession by flying at Ryanair’s guaranteed lowest fares and no fuel surcharges to exciting destinations all over Europe."

The flights will also be good news for British owners of Fuerteventura property on the island and the islands expatriots.

Source Ryanair

Special tax allowances for the Canary Islands over its European mainland counterparts

The Canary Islands enjoys some major tax advantages over the rest of mainland Europe which have not really been exploited because of lack of information available these TAX advantages can be significant and could be the Canary Islands advantage over mainland Spain in the recovery of its economy in 2010.

The Canary Islands are made up of seven different Islands, Fuerteventura, Tenerife, Gran Canaria, Lanzarote, La Plama, La Gomera and El Herrio, situated in the Atlantic Ocean just off the North African coast of Morroco the Canaries enjoys good flight communication with the whole of Europe and the rest of the world through the hub of Madrid.

The Canary islands are renowned for its tourism all year through as well as second and holiday homes destinations for people from mixed European destinations who choose to buy property and real estate in the Canary Islands to enjoy winter temperatures of 20 – 21 degrees.

What is the Canary Islands Special Zone?
The Canary Islands Special Zone is a low tax zone created within the framework of the Canary Islands Economic and Fiscal Regime (REF) for the purpose of promoting the economic and social development of the Islands and diversifying their production structure.
The Canary Islands Special Zone was authorised by the European Commission in January 2000 and extended in December 2006. The Spanish Government subsequently adapted the regulations concerning the ZEC contained in the Canary Islands Economic and Fiscal Regime, in accordance with the terms of the corresponding authorisations (Title V of Law 19/1994, as amended by Royal Decree-Law 12/2006 and implemented by Royal Decree-Law 1758/2007 1758/2007).
The benefits provided by the Canary Islands Special Zone will initially remain in force until 31 December 2019, and this time frame may be extended on the authorisation of the European Commission. The final date for authorisation to register in the Official ZEC Register (ROEZEC) will initially be 31 December 2013.
Where can ZEC Entities be set up?
The ZEC covers the whole territory of the Canary Islands, with the following specifications:
Entities whose corporate purpose is the undertaking of service activities may set up anywhere within the territory of the Canary Islands.
Entities whose corporate purpose is the production, transformation, handling or commercialisation of goods may only set up within certain areas designated for these purposes.
Tax Benefits

Corporate Income Tax
ZEC entities are subject to the Corporate Income Tax in force in Spain, at a reduced rate of 4%. As of 2008, the Corporate Income Tax rate in Spain ranges from 25 to 30%. The special rate of 4% shall be applied to a maximum amount of the tax base, depending on the number of jobs created and the type of activity carried out by the ZEC Entity.
Net Employment Creation
Industrial Activities
Service Activities
Other services *
From 3 to 8 workers
€1,800,000
€1,500,000
€1,125,000
More than 8 and up to 12 workers
€2,400,000
€2,000,000
€1,500,000
More than 12 and up to 20 workers
€3,600,000
€3,000,000
€2,250,000
More than 20 and up to 50 workers
€9,200,000
€8,000,000
€6,000,000
More than 50 and up to 100 workers
€21,600,000
€18,000,000
€13,500,000
More than 100 workers
€120,000,000
€100,000,000
€75,000,000
*“Other Services” are considered to be: wholesale trade and commission trade (except of motor vehicles and motorcycles); activities of travel agencies and tour operators; other tourist assistance activities; computer and related activities; legal, accounting and book-keeping activities; tax consultancy; market research and public opinion polling; business and management consultancy; management activities of holding companies; and advertising and public relations services.
DOUBLE TAXATION AGREEMENTS, EUROPEAN UNION PARENT-SUBSIDIARY DIRECTIVE AND NON-RESIDENT INCOME TAX
The Canary Islands form part of the Spanish and European Union territory, which means that:
Double Taxation Agreements signed by Spain apply to ZEC Entities.
The European Union Parent-Subsidiary Directive applies to ZEC Entities. Therefore, dividends paid by subsidiaries of ZEC Entities to their parent companies resident in other countries within the European Union are exempt from withholding tax.
ZEC regulations include application of the following exemptions to income obtained by residents in non-EU states when the income is paid by a ZEC Entity and results from operations materially and effectively carried out within the geographical area of the ZEC.
Individuals: Interest and other returns obtained by the assignment of own capital to a third party, as well as capital gains on movable assets, obtained without the intermediation of a permanent establishment.Corporate Entities: profits paid to parent companies by its subsidiaries domiciled in Spain.
These exemptions will not apply when the income is obtained through tax havens or territories with which there is no effective exchange of tax information, or when the parent company has its tax residence in such countries or territories.
TRANSFER TAX AND STAMP DUTY
ZEC Entities are exempt from Transfer Tax and Stamp Duty in the following cases:
The acquisition of assets and rights to be used for carrying out the activity of the ZEC Entity within the geographical area of the ZEC.
Company operations carried out by ZEC Entities, except in the case of their dissolution.
Stamp Duty on documents associated with operations carried out by ZEC Entities within the geographical area of the ZEC.
CANARY ISLANDS GENERAL INDIRECT TAX (IGIC) (VAT)
IGIC is the Canary Islands indirect tax levied on final consumption, in substitution of the European Union Value Added Tax (VAT). It is similar in nature to VAT, although there are major differences such as the lower tax rates. The general IGIC rate is 5%.
Within the regime of the ZEC, the provision of goods and services among ZEC Entities is exempt from IGIC, as is the importing of goods by ZEC Entities.
What are the reguirements to becoming a ZEC entity?
· The entity must be newly created and have its registered office and effective place of management within the geographical area of the ZEC
· At least one of the administrators must be resident in the Canary Islands.
· A minimum investment of €100,000 euros must be made in the case of Tenerife or Gran Canaria, or €50,000 in the case of Fuerteventura, Lanzarote, La Gomera, El Hierro or La Palma, in fixed assets related to the business activity within the first 2 years following registration.
· A minimum of 5 or 3 jobs must be created, depending on whether the location is one of the capital islands or an outlying island, in the first 6 months following registration, and this average must be maintained during the time the entity remains within the ZEC.
· The corporate purpose must consist of undertaking, within the area of the ZEC, one of the authorised activities.

DETAILED LIST OF ACTIVITIES (NACE)
PRODUCTION,
TRANSFORMATION AND
HANDLING ACTIVITIES AND
WHOLESALE DISTRIBUTION OF
GOODS:
FISHING. NACE B.
1. Fishing (05.01)
2. Fish farming (05.02)
MANUFACTURE OF FOOD
PRODUCTS, BEVERAGES AND
TOBACCO. NACE DA.
1. Production, processing and preserving
of meat and meat products (15.1)
• Production and preserving of meat
(15.11)
• Production and preserving of
poultrymeat (15.12)
• Production of meat and
poultrymeat products (15.13)
2. Processing and preserving of fish and
fish products (15.2)
3. Processing and preserving of fruit and
vegetables (15.3)
• Processing and preserving of
potatoes (15.31)
• Manufacture of fruit and vegetable
juice (15.32)
• Processing and preserving of fruit
and vegetables n.e.c. (15.33)
4. Manufacture of vegetable and animal
oils and fats (15.4)
• Manufacture of crude oils and fats
(15.41)
• Manufacture of refined oils and fats
(15.42)
• Manufacture of margarine and
similar edible fats (15.43)
5. Manufacture of dairy products (15.5)
• Operation of dairies and cheese
making (15.51)
• Manufacture of ice cream (15.52)
6. Manufacture of grain mill products,
starches and starch products (15.6)
• Manufacture of grain mill products
(15.61)
• Manufacture of starches and starch
products (15.62)
7. Manufacture of prepared animal feeds
(15.7)
• Manufacture of prepared feeds for
farm animals (15.71)
• Manufacture of prepared pet foods
(15.72)
8. Manufacture of other food products
(15.8)
• Manufacture of bread; manufacture
of fresh pastry goods and cakes
(15.81)
• Manufacture of rusks and biscuits;
manufacture of preserved pastry
goods and cakes (15.82)
• Manufacture of sugar (15.83)
• Manufacture of cocoa; chocolate
and sugar confectionery (15.84)
• Manufacture of macaroni, noodles,
couscous and similar farinaceous
products (15.85)
• Processing of tea and coffee (15.86)
• Manufacture of condiments and
seasonings (15.87)
• Manufacture of homogenized food
preparations and dietetic food
(15.88)
2
Information Bulletin
• Manufacture of other food products n.e.c. (15.89)
9. Manufacture of beverages (15.9)
• Manufacture of distilled potable alcoholic beverages
(15.91)
• Production of ethyl alcohol from fermented
materials (15.92)
• Manufacture of wines (15.93)
• Manufacture of cider and other fruit wines (15.94)
• Manufacture of other non-distilled fermented
beverages (15.95)
• Manufacture of beer (15.96)
• Manufacture of malt (15.97)
• Production of mineral waters and soft drinks (15.98)
10. Manufacture of tobacco products (16.0)
MANUFACTURE OF MADE-UP TEXTILE
ARTICLES AND ARTICLES OF FUR.
NACE 17.4, 17.5, 17.6, 17 and 18.
1. Manufacture of made-up textile articles, except apparel
(17.4)
2. Manufacture of other textiles (17.5)
• Manufacture of carpets and rugs (17.51)
• Manufacture of cordage, rope, twine and netting
(17.52)
• Manufacture of non-wovens and articles made from
non-wovens, except apparel (17.53)
• Manufacture of other textiles n.e.c. (17.54)
3. Manufacture of knitted and crocheted fabrics (17.6)
4. Manufacture of knitted and crocheted articles (17.7)
• Manufacture of knitted and crocheted hosiery (17.71)
• Manufacture of knitted and crocheted pullovers,
cardigans and similar articles (17.72)
5. Manufacture of wearing apparel; dressing and dyeing of
fur (18)
• Manufacture of leather clothes (18.1)
• Manufacture of other wearing apparel and
accessories (18.2)
• Manufacture of workwear (18.21)
• Manufacture of other outerwear (18.22)
• Manufacture of underwear (18.23)
• Manufacture of other wearing apparel and
accessories n.e.c. (18.24)
• Dressing and dyeing of fur; manufacture of articles of
fur (18.3)
MANUFACTURE OF LEATHER AND LEATHER
PRODUCTS. NACE DC.
1. Tanning and dressing of leather (19.1)
2. Manufacture of luggage, handbags and the like, saddlery
and harnesses (19.2)
3. Manufacture of footwear (19.3)
MANUFACTURE OF PULP, PAPER AND PAPER
PRODUCTS; PUBLISHING AND PRINTING.
NACE DE.
1. Manufacture of pulp, paper and paper products (21)
• Manufacture of pulp (21.11)
• Manufacture of paper and paperboard (21.12)
• Manufacture of corrugated paper and paperboard
and of containers of paper and paperboard (21.21)
• Manufacture of household and sanitary goods and of
toilet requisites (21.22)
• Manufacture of paper stationery (21.23)
• Manufacture of wallpaper (21.24)
• Manufacture of other articles of paper and
paperboard n.e.c. (21.25)
2. Publishing (22.1)
• Publishing of books (22.11)
• Publishing of newspapers (22.12)
• Publishing of journals and periodicals (22.13)
• Publishing of sound recordings (22.14)
• Other publishing (22.15)
3. Printing and service activities related to printing (22.2)
• Printing of newspapers (22.21)
• Printing n.e.c. (22.22)
• Bookbinding (22.23)
• Pre-press activities (22.24)
• Ancillary activities related to printing (22.25)
4. Reproduction of recorded media (22.3)
• Reproduction of sound recording (22.31)
• Reproduction of video recording (22.32)
• Reproduction of computer media (22.33)
MANUFACTURE OF CHEMICALS AND
CHEMICAL PRODUCTS. NACE 24.
1. Manufacture of basic chemicals (24.1)
• Manufacture of industrial gases (24.11)
• Manufacture of dyes and pigments (24.12)
• Manufacture of other inorganic basic chemicals
(24.13)
3
Detailed List of Activities
• Manufacture of other organic basic chemicals (24.14)
• Manufacture of fertilizers and nitrogen compounds
(24.15)
• Manufacture of plastics in primary forms (24.16)
• Manufacture of synthetic rubber in primary forms
(24.17)
2. Manufacture of pesticides and other agro-chemical
products (24.2)
3. Manufacture of paints, varnishes and similar coatings,
printing ink and mastics (24.3)
4. Manufacture of pharmaceuticals, medicinal chemicals
and botanical products (24.4)
• Manufacture of basic pharmaceutical products
(24.41)
• Manufacture of pharmaceutical preparations (24.42)
5. Manufacture of soap and detergents, cleaning and
polishing preparations (24.51)
6. Manufacture of perfumes and toilet preparations (24.52)
7. Manufacture of other chemical products (24.6)
• Manufacture of explosives (24.61)
• Manufacture of glues and gelatines (24.62)
• Manufacture of essential oils (24.63)
• Manufacture of photographic chemical material
(24.64)
• Manufacture of prepared unrecorded media (24.65)
• Manufacture of other chemical products n.e.c.
(24.66)
8. Manufacture of man-made fibres (24.7)
PREFABRICATED BUILDING PRODUCTS. NACE
20.2, 20.3, 24.3, 25.2, 26.1, 26.2, 26.3, 26.4, 26.7, 28.1,
28.12, 28.2, 28.63, 28.7, 36.1, 45.25, 45.3 and 45.4.
1. Manufacture of veneer sheets; manufacture of plywood,
laminboard, particle board, fibre board and other panels
and boards (20.2)
2. Manufacture of builders’ carpentry and joinery (20.3)
3. Manufacture of paints, varnishes and similar coatings,
printing ink and mastics (24.3)
4. Manufacture of plastic products (25.2)
• Manufacture of plastic plates, sheets, tubes and
profiles (25.21)
• Manufacture of plastic packing goods (25.22)
• Manufacture of builders’ ware of plastic (25.23)
• Manufacture of other plastic products (25.24)
5. Manufacture of glass and glass products (26.1)
• Manufacture of flat glass (26.11)
• Shaping and processing of flat glass (26.12)
• Manufacture of hollow glass (26.13)
• Manufacture of glass fibres (26.14)
• Manufacture and processing of other glass, including
technical glassware (26.15)
6. Manufacture of non-refractory ceramic goods other
than for construction purposes; manufacture of
refractory ceramic products (26.2)
• Manufacture of ceramic household and ornamental
articles (26.21)
• Manufacture of ceramic sanitary fixtures (26.22)
• Manufacture of ceramic insulators and insulating
fittings (26.23)
• Manufacture of other technical ceramic products
(26.24)
• Manufacture of other ceramic products (26.25)
• Manufacture of refractory ceramic products (26.26)
7. Manufacture of ceramic tiles and flags (26.3)
8. Manufacture of bricks, tiles and construction products,
in baked clay (26.4)
9. Cutting, shaping and finishing of ornamental and building
stone (26.7)
10. Manufacture of structural metal products (28.1)
• Manufacture of metal structures and parts of
structures (28.11)
• Manufacture of builders’ carpentry and joinery of
metal (28.12)
11. Manufacture of tanks, reservoirs and containers of
metal; manufacture of central heating radiators and
boilers (28.2)
• Manufacture of tanks, reservoirs and containers of
metal (28.21)
• Manufacture of central heating radiators and boilers
(28.22)
12. Manufacture of locks and hinges (28.63)
13. Manufacture of other fabricated metal products (28.7)
• Manufacture of steel drums and similar containers
(28.71)
• Manufacture of light metal packaging (28.72)
• Manufacture of wire products (28.73)
• Manufacture of fasteners, screw machine products,
chain and springs (28.74)
• Manufacture of other fabricated metal products
n.e.c. (28.75)
4
Information Bulletin
14. Manufacture of furniture (36.1)
• Manufacture of chairs and seats (36.11)
• Manufacture of other office and shop furniture
(36.12)
• Manufacture of other kitchen furniture (36.13)
• Manufacture of other furniture (36.14)
• Manufacture of mattresses (36.15)
15. Other construction work involving special trades
(45.25)
16. Building installation (45.3)
• Installation of electrical wiring and fittings (45.31)
• Insulation work activities (45.32)
• Plumbing (45.33)
• Other building installation (45.34)
17. Building completion (45.4)
• Plastering (45.41)
• Joinery installation (45.42)
• Floor and wall covering (45.43)
• Painting and glazing (45.44)
• Other building completion (45.45)
MANUFACTURE OF MACHINERY AND
EQUIPMENT n.e.c. NACE 29.
1. Manufacture of machinery for the production and use
of mechanical power, except aircraft, vehicle and cycle
engines (29.1)
• Manufacture of engines and turbines, except aircraft,
vehicle and cycle engines (29.11)
• Manufacture of pumps and compressors ( 29.12)
• Manufacture of taps and valves (29.13)
• Manufacture of bearings, gears, gearing and driving
elements (29.14)
2. Manufacture of other general purpose machinery (29.2)
• Manufacture of furnaces and furnace burners (29.21)
• Manufacture of lifting and handling equipment (29.22)
• Manufacture of non-domestic cooling and ventilation
equipment (29.23)
• Manufacture of other general purpose machinery
n.e.c. (29.24)
3. Manufacture of agricultural and forestry machinery
(29.3)
• Manufacture of agricultural tractors (29.31)
• Manufacture of other agricultural and forestry
machinery (29.32)
4. Manufacture of machine-tools (29.4)
• Manufacture of portable hand held power tools
(29.41)
• Manufacture of other metalworking machine tools
(29.42)
• Manufacture of other machine tools n.e.c. (29.43)
5. Manufacture of other special purpose machinery (29.5)
• Manufacture of machinery for metallurgy (29.51)
• Manufacture of machinery for mining, quarrying and
construction (29.52)
• Manufacture of machinery for food, beverage and
tobacco processing (29.53)
• Manufacture of machinery for textile, apparel and
leather production (29.54)
• Manufacture of machinery for paper and paperboard
production (29.55)
• Manufacture of other special purpose machinery
n.e.c. (29.56)
6. Manufacture of weapons and ammunition (29.6)
7. Manufacture of domestic appliances n.e.c. (29.7)
• Manufacture of electric domestic appliances (29.71)
• Manufacture of non-electric domestic appliances
(29.72)
MANUFACTURE OF ELECTRICAL AND
OPTICAL EQUIPMENT. NACE DL.
1. Manufacture of office machinery and computers (30.0)
• Manufacture of office machinery (30.01)
• Manufacture of computers and other information
processing equipment (30.02)
2. Manufacture of electrical machinery and apparatus n.e.c.
(31)
• Manufacture of electric motors, generators and
transformers (31.1)
3. Manufacture of electricity distribution and control
apparatus (31.2)
4. Manufacture of insulated wire and cable (31.3)
5. Manufacture of accumulators, primary cells and primary
batteries (31.4)
6. Manufacture of lighting equipment and electric lamps
(31.5)
7. Manufacture of electrical equipment n.e.c. (31.6)
• Manufacture of electrical equipment for engines and
vehicles n.e.c. (31.61)
• Manufacture of other electrical equipment n.e.c.
(31.62)
5
Detailed List of Activities
8. Manufacture of radio, television and communication
equipment and apparatus (32)
• Manufacture of electronic valves and tubes and other
electronic components (32.1)
• Manufacture of television and radio transmitters
and apparatus for line telephony and line telegraphy
(32.2)
• Manufacture of television and radio receivers, sound
or video recording or reproducing apparatus and
associated goods (32.3)
9. Manufacture of medical, precision and optical
instruments, watches and clocks (33)
• Manufacture of medical and surgical equipment and
orthopaedic appliances (33.1)
• Manufacture of instruments and appliances for
measuring, checking, testing, navigating and other
purposes, except industrial process control
equipment (33.2)
• Manufacture of industrial process control equipment
(33.3)
• Manufacture of optical instruments and photographic
equipment (33.4)
• Manufacture of watches and clocks (33.5)
MANUFACTURE OF AIRCRAFT AND
SPACECRAFT. NACE 35.30.
MANUFACTURE OF FURNITURE;
MANUFACTURING N.E.C. NACE 36.
1. Manufacture of furniture (36.1)
• Manufacture of chairs and seats (36.11)
• Manufacture of other office and shop furniture
(36.12)
• Manufacture of other kitchen furniture (36.13)
• Manufacture of other furniture (36.14)
• Manufacture of mattresses (36.15)
2. Manufacture of jewellery and related articles (36.2)
• Striking of coins (36.21)
• Manufacture of jewellery and related articles n.e.c.
(36.22)
3. Manufacture of musical instruments (36.3)
4. Manufacture of sports goods (36.4)
5. Manufacture of games and toys (36.5)
6. Miscellaneous manufacturing n.e.c. (36.6)
• Manufacture of imitation jewellery (36.61)
• Manufacture of brooms and brushes (36.62)
• Other manufacturing n.e.c. (36.63)
RECYCLING. NACE 37.
1. Recycling of metal waste and scrap (37.1)
2. Recycling of non-metal waste and scrap (37.2)
WHOLESALE TRADE AND COMMISSION
TRADE. NACE 50 and 51.
1. Sale of motor vehicles (50.1)
2. Maintenance and repair of motor vehicles (50.2)
3. Sale of motor vehicle parts and accessories (50.3)
4. Sale, maintenance and repair of motorcycles and related
parts and accessories (50.4)
5. Retail sale of automotive fuel (50.5)
6. Wholesale on a fee or contract basis (51.1)
• Agents involved in the sale of agricultural raw
materials, live animals, textile raw materials and
semi-finished goods (51.11)
• Agents involved in the sale of fuels, ores, metals and
industrial chemicals (51.12)
• Agents involved in the sale of timber and building
materials (51.13)
• Agents involved in the sale of machinery, industrial
equipment, ships and aircraft (51.14)
• Agents involved in the sale of furniture, household
goods, hardware and ironmongery (51.15)
• Agents involved in the sale of textiles, clothing,
footwear and leather goods (51.16)
• Agents involved in the sale of food, beverages and
tobacco (51.17)
• Agents specializing in the sale of particular products
or ranges of products n.e.c. (51.18)
• Agents involved in the sale of a variety of goods
(51.19)
7. Wholesale of agricultural raw materials and live animals
(51.2)
• Wholesale of grain, seeds and animal feeds (51.21)
• Wholesale of flowers and plants (51.22)
• Wholesale of live animals (51.23)
• Wholesale of hides, skins and leather (51.24)
• Wholesale of unmanufactured tobacco (51.25)
8. Wholesale of food, beverages and tobacco (51.3)
6
Information Bulletin
• Wholesale of fruit and vegetables (51.31)
• Wholesale of meat and meat products (51.32)
• Wholesale of dairy produce, eggs and edible oils and
fats (51.33)
• Wholesale of alcoholic and other beverages (51.34)
• Wholesale of tobacco products (51.35)
• Wholesale of sugar and chocolate and sugar
confectionery (51.36)
• Wholesale of coffee, tea, cocoa and spices (51.37)
• Wholesale of other food, including fish, crustaceans
and molluscs (51.38)
• Non-specialized wholesale of food, beverages and
tobacco (51.39)
9. Wholesale of household goods (51.4)
• Wholesale of textiles (51.41)
• Wholesale of clothing and footwear (51.42)
• Wholesale of electrical household appliances and
radio and television goods (51.43)
• Wholesale of china and glassware, wallpaper and
cleaning materials (51.44)
• Wholesale of perfume and cosmetics (51.45)
• Wholesale of pharmaceutical goods (51.46)
• Wholesale of other household goods (51.47)
10. Wholesale of non-agricultural intermediate products,
waste and scrap (51.5)
• Wholesale of solid, liquid and gaseous fuels and
related products (51.51)
• Wholesale of metals and metal ores (51.52)
• Wholesale of wood, construction materials and
sanitary equipment (51.53)
• Wholesale of hardware, plumbing and heating
equipment and supplies (51.54)
• Wholesale of chemical products (51.55)
• Wholesale of other intermediate products (51.56)
• Wholesale of waste and scrap (51.57)
11. Wholesale of machinery, equipment and supplies (51.8)
• Wholesale of machine-tools (51.81)
• Wholesale of mining, construction and civil
engineering machinery (51.82)
• Wholesale of machinery for the textile industry and
of sewing and knitting machines (51.83)
• Wholesale of computers, computer peripheral
equipment and software (51.84).
• Wholesale of other office machinery and equipment
(51.85)
• Wholesale of other machinery for use in industry,
trade and navigation (51.87)
• Wholesale of agricultural machinery and accessories
and implements, including tractors (51.88)
12. Other wholesale (51.9)
PRODUCTION OF RENEWABLE ENERGY. NACE
40.10.
SERVICE ACTIVITIES:
TRANSPORT, STORAGE AND
COMMUNICATION. NACE I.
1. Land transport; transport via pipelines (60)
• Transport via railways (60.1)
• Other scheduled passenger land transport (60.21)
• Taxi operation (60.22)
• Other land passenger transport (60.23)
• Freight transport by road (60.24)
• Transport via pipelines (60.3)
2. Water transport (61)
3. Air transport (62)
• Scheduled air transport (62.1)
• Non-scheduled air transport (62.2)
• Space transport (62.3)
4. Supporting and auxiliary transport activities; activities of
travel agencies (63)
• Cargo handling (63.11)
• Storage and warehousing (63.12)
5. Other supporting transport activities (63.2)
• Other supporting land transport activities (63.21)
• Other supporting water transport activities (63.22)
• Other supporting air transport activities (63.23)
6. Activities of travel agencies and tour operators; tourist
assistance activities n.e.c. (63.3)
7. Activities of other transport agencies (63.4)
8. Post and courier activities (64.1)
• National post activities (64.11)
• Courier activities other than national post activities
(64.12)
9. Telecommunications (64.2)
MAINTENANCE AND REPAIR OF MOTOR
VEHICLES. NACE 50.2.
7
Detailed List of Activities
* Co-ordination centres and intra-group services are excluded from the services included in NACE group 74.15 (“Other business activities”).
COMPUTER AND RELATED ACTIVITIES.
NACE 72.
1. Hardware consultancy (72.1)
2. Software consultancy and supply (72.2)
• Publishing of software (72.21)
• Other software consultancy and supply (72.22)
3. Data processing (72.3)
4. Database activities (72.4)
5. Maintenance and repair of office, accounting and
computing machinery (72.5)
6. Other computer related activities (72.6)
SERVICES RELATED TO THE EXPLOITATION
OF NATURAL RESOURCES AND WASTE
DISPOSAL. NACE N.E.C. (NOT ELSEWHERE
CLASSIFIED).
RESEARCH AND DEVELOPMENT. NACE 73.
1. Research and experimental development on natural
sciences and engineering (73.1)
2. Research and experimental development on social
sciences and humanities (73.2)
OTHER BUSINESS ACTIVITIES. NACE 74.
1. Legal activities (74.11)
2. Accounting, book-keeping and auditing activities; tax
consultancy (74.12)
3. Market research and public opinion polling (74.13)
4. Business and management consultancy activities (74.14)
5. Management activities of holding companies* (74.15)
6. Architectural and engineering activities and related
technical consultancy (74.2)
7. Technical testing and analysis (74.3)
8. Advertising (74.4)
9. Labour recruitment and provision of personnel (74.5)
10. Investigation and security activities (74.6)
11. Industrial cleaning (74.7)
12. Miscellaneous business activities n.e.c. (74.8)
• Photographic activities (74.81)
• Packaging activities (74.82)
• Secretarial and translation activities (74.85)
• Call centre activities (74.86)
• Other business activities n.e.c. (74.87)
SPECIALIZED AND POSTGRADUATE TRAINING
SERVICES. NACE 80.3 and 80.4.
1. Higher education (80.3)
2. Adult and other education (80.4)
• Driving school activities (80.41)
• Adult and other education n.e.c. (80.42)
MOTION PICTURE AND VIDEO PRODUCTION.
NACE 92.11.
RADIO AND TELEVISION ACTIVITIES. NACE
92.20.

Thomas Cook announce flight deals to Fuerteventura and the Canary Island

Thomas Cook are offering some great deals on flights to the Canaries with £20 off seats between February and April.

Flights to Fuerteventura can be found from as little as £51.99

These are fantastic prices for those wishing to find some winter sun and for property owners on the Canary islands looking to visit the UK for the winter sales.

Skyscanner reveals top 50 destinations for UK travellers

Travel search site www.skyscanner.com reveals the top 50 most searched for destinations from UK airports for travel in 2010.

In the top spot is Malaga, moving up one place from last year. Tenerife and Alicante are second and third, meaning Spain takes the top three positions.

Orlando is a new entry into the top ten, rising 12 places since last year. Dalaman holds its position as the 5th most searched for destination for a second year in a row, whist New York also brakes into the top 10, up five positions from last year.

Palma comes in 8th, losing one spot since last year; Lanzarote is 9th, rising four places, and Geneva is 10th, dropping two places.

Overall Spain is yet again the most popular country for Brits to visit, with 11 Spanish destinations within the top 50, five of which are in the top 10.

“These early indications show that Spain is still by far the most popular destination for British travellers. Medium and long haul locations also seem to be on the rise compared to last year, suggesting that holiday budgets may be growing after a tough financial year” said Barry Smith, Skyscanner co-founder and business director.

Brand new entries to the top 10 are Johannesburg and Cape Town, which will be welcoming the World Cup in 2010. Melbourne, Kuala Lumpur and Hong Kong also entered the top 50.

Destinations dropping most in search volume are Edinburgh, Salzburg, Murcia and London. Fuerteventura also fell in the rankings but the fall was dispraportionate to the year before because of Ryanair suspending its service. Other airlines stepped in, such as Easyjet, Palm Air, Monarch and Jet2 to fill the gap but not in time to halt the slide in the ranking. In the coming year Fuerteventura will be helped with the new airport terminal opening and the capability to welcome more flights to the island. Irish property owners and visitors will be helped with Ryanair reinstating its flights to the island in March 2010.

1. Malaga, (Spain) [+1]
2. Tenerife (Spain) [+2]
3. Alicante (Spain)[0]
4. Orlando (USA) [+12]
5. Dalaman (Turkey) [0]
6. Faro (Portugal) [0]
7. New York (USA) [+5]
8. Palma (Spain) [-1]
9. Lanzarote (Spain) [+4]
10. Geneva (Switzerland) [-2]

11. Bangkok (Thailand) [+11]
12. Paphos (Cyprus) [-3]
13. Barcelona (Spain) [+1]
14. London (UK) [-13]
15. Bodrum (Turkey) [-4]
16. Paris (France) [+1]
17. Rome (Italy) [-2]
18. Gran Canaria (Spain) [+1]
19. Larnaca (Cyprus) [+1]
20. Sydney (Australia) [+7]

21. Johannesburg (South Africa) [New Entry]
22. Amsterdam (Netherlands) [-4]
23. Murcia (Spain) [-13]
24. Dublin (Ireland) [-1]
25. Ibiza (Spain) [+5]
26. Prague (Czech Republic) [-2]
27. Sharm El Sheikh (Egypt) [+11]
28. Auckland (New Zealand) [+11]
29. Venice (Italy) [+4]
30. Luqa (Malta) [+5]



31. Krakow (Poland) [-5]
32. Las Vegas (USA) [+13]
33. Cape Town (South Africa) [New Entry]
34. Melbourne (Australia) [New Entry]
35. Fuerteventura (Spain) [-10]
36. Berlin (Germany) [+1]
37. Kuala Lumpur (Malaysia) [New Entry]
38. Marrakech (Morocco) [-9]
39. Milan (Italy) [-7]
40. Dubai (UAE) [New Entry]

41. Madrid (Spain) [-5]
42. Hong Kong (Hong Kong) [New Entry]
43. Perth (Australia) [New Entry]
44. Edinburgh (UK) [-16]
45. Munich (Germany) [New Entry]
46. Salzburg (Austria) [-15]
47. Crete (Greece) [-6]
48. Brisbane (Australia) [New Entry]
49. Sofia (Bulgaria) [-2]
50. Nice (France) [-2]

About Skyscanner
Skyscanner is a leading travel search site based in Edinburgh, Scotland. Skyscanner provides instant online comparison on flight prices for over 670,000 routes on over 600 airlines, as well as car hire, hotel and holiday price comparison. With Skyscanner, users can browse without having to enter specific dates or even destinations, and Skyscanner is available in 20 different languages including French, German and Spanish.

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Las Playitas Golf Course Opens As 18 Hole Course,Fuerteventura, Canary Islands

Las Playitas Golf course has completed the extention project and is now the latest Canary Islands 18 hole golf course.

The par 67 course is 4,823 metre in length and is the forth course on Fuerteventura. The club Pro, Murdo Mc Corquodale said "After a few delays we are thrilled that the golf course has finally opened as an 18 hole course, and although the delay was regrettable the benefit is that the course has had time to settle and is in superb condition".

Las Playitas green fees are 59€, reduced to 53€ for residents and hotel guests.

Twilight Golf, after 1pm is 35 €.

For more information contact Murdo on 0034 928 860 400 or golfpro@playitas.net

For information on all Fuerteventuras golf courses visit www.golffuerteventura.com

2009/2010 Currency Round-Up from Currencies Direct

Watching the price action between Sterling/Euro over the past few months has been like trying to push a dinosaur uphill - slow and frustrating! However, as we end the year it looks like Sterling has moved away from the threat of parity and should mover higher in 2010 with the potential for a 15 % appreciation against the Euro.

The recent bout of Sterling weakness was partly fuelled by comments from the Bank of England(BoE), underling the fact that a weak currency was crucial if the UK was to not only export its way out of the global economic slump, but it would also make the UK a much more attractive proposition for overseas investors.

A clear sign then from the BoE that a weak pound was of no real concern and something they would not look to prevent. With the UK enjoying extremely flexible labour laws and a fairly resistant consumer, the BoE is looking for the pound to take the “bad medicine “ahead of the Euro and bounce back in 2010.


The data coming out of the euro zone has been patchy to say the least, with the strong data out of Germany and France overshadowing the weak data from the rest of the member states,and following the problems in Greece growth in the euro zone in 2010 could lag behind that of the USA and Japan again a problem weighing on the single currency The ratification of the Lisbon treaty by the Irish has gone mainly unnoticed by the currency markets, as it was seen as a forgone conclusion. Going into 2010 what will be of most interest, is how the different member states handle their economies. It was very easy for the European Central Bank (ECB) to slash rates along with the rest of the world. However, as the global economy starts to gather pace, not all member sates will relish higher interest rates. Ireland, Greece, Portugal and Spain will not welcome higher rates and the Germans, with their huge budget surplus, have stated they will not be prepared to subsidise other member states. It could prove a real test of the “European dream”.

In the current climate, currency markets overreact and that is why a move to parity still cannot be ruled out. However, if the UK economy starts to grow and the ever increasing fiscal debt can continue to be sold into the world markets, then a strong move higher in 2010 will happen . With the threat of a double dip recession upon us, and unemployment continuing to rise in the UK and the Euro Zone, it could be the flexibility and agility of the UK economy against the one size fits all policy of the Euro Zone that sparks this move higher.

2010 will prove to be a real test for Europe as the weaker member states who have mishandled their economies during the good times find the currency markets will be very unforgiving in the bad times.

Source- Keith Spitalnick, Currency Direct

Ryanair Flights To Return To Fuerteventura, Canary Islands

Ryanair fights are to return to Fuerteventura, in the Canary Islands commencing in February 2010. In an interview with Q FM, Sr Mario Cabrera confirmed that a 5 year deal had been done with the airline to bring flights back to the Canarian island.
Bookings will be available from Ryanair from the 18th December but the flights will not be able to begin until February because of the airlines current capacity.
John GoldAcre of GoldAcre Estates said "This is great news not just for tourists, but for property owners and those wishing to purchase property on Fuerteventura".
The Ryanair flights will help owners wanting to rent their properties and visit the island and will be a boost for the real estate market.

4th Quarter Boost in Property Sales In The Canary Islands

With the majority of 2009 behind us it is becoming easier to piece together a picture of how the Canary Islands and in particular Gran Canaria’s and Fuerteventura’s property markets have been moving this year. Compared to mainland Spain the Real Estate market in the Canaries have enjoyed a certain amount of ‘cushioning’ due to its unique geographical position, endless summer climate and restricted supply of luxury second homes, however it has not escaped the general effects of the downturn over the last 18 months with property prices levelling earlier this year.

Higher sales figures this quarter are no doubt due to the specific price deals available on selected products as no doubt were Q1/2 sales when prices had ‘bottomed’ after a long slide in 2008. GoldAcre Estates reported that the return of buyer confidence in Fuerteventura was quite noticeable in Febuary / March showing particular interest in 1-2 bedroom luxury apartments which offer increasingly higher returns as prices had fallen against potential rental incomes.

Resorts in Corralejo like Oasis Papagayo and Oasis Tamarindo were the biggest movers as these had the added advantage of large swimming pools, lush tropical gardens, security and extra sports facilities which make them ideal for holiday rentals. Others like Oasis Royal, Dunas Residential and Atlantic Gardens were a little slower to react to the market changes but offered high value due their central positions closer to the main tourist centre and beaches. In fact GoldAcre Estates said it was not uncommon to see multiple purchases for these style of apartments.

To begin with, Sterling rates dampened the return of the UK investor early in the year and many British buyers lost out to new European markets including the Netherlands and Italy in particular which have not been affected by the need to exchange their monies as they are already euro based.
New flights from these areas including Poland also helped transfer these ‘holiday’ markets into the second home ownership market with buying interest mainly in the North Island of Fuerteventura.

The luxury villa section also saw growth as private owners and specialist developers offered limited price deals. The villages of Lajares, Villaverde, and to a lesser extent La Oliva and El Roque caught the attention of those who may have never considered these areas due to budget constraints. 3-4 bedroom detached villas with large private pools and 1000m2+ plots in a quite country setting yet 10 mins from the beaches were on occasion lower than the magical €300k mark.

Surprisingly despite recent macro economic conditions the trends still follow traditional historic patterns with the main sales in the periods either side of summer holidays. During August as many public services close for holidays including some Notaries and lawyers offices there are fewer exchanges of contracts plus the main holiday markets are busy enjoying the beaches rather than scouting for their next property purchase. August 2009 however saw a high interest level with many visitors taking a serious look at apartments and villa offerings. This has also been extended into the winter season .

In fact the increase of flights to Fuerteventura and Gran Canaria will be a big factor for Q4 as already Christmas flights are becoming booked out. For those existing property owners and clients of Goldacre Estates, Christmas in their second homes in the Canaries never looked brighter. www.goldacre-estates.com

Where Is Your Pound going in Spanish Real Estate today

Keith Spitalnick Business Development Manager of Currencies Direct predicts an upward trend for the Value of sterling against the euro by the year end. This is good news for Spanish Real Estate and people looking to buy property in the Canary Islands and Spain, prices could not be better as many new properties today are being offered at discounts and of course you have very good prices on some resale properties from people that are having to sell their Spanish property.

Read Keith full story and prediction of how he sees sterling moving, Keith commented, I keep getting asked is where I see GBP/EUR headed by then. I personally feel that GBP/EUR is in an upward trend however the language from the Bank of England is holding it back, trying to hold the pound low. After Christmas sterling could start to rally. 1.1500 is my short term target.


It’s been another busy week for GBP/EUR as the fallout from the latest Quarterly Inflation report was digested in the papers; the Banks assessment for growth is now twice the latest consensus of their panel of independent forecasters and their predictions for inflation and interest rate levels over the next couple of years have been revised sharply higher. This helped to boost the pound ahead of the Bank of England minutes last Wednesday. The pound also rallied as we saw the UK inflation numbers come in higher than expected. This gave Sterling a strong boost all round, on expectations that, with inflation “surging”, rates might have to be raised sooner rather than later. I think that this is an unlikely scenario and that Base Rates will remain at these low levels until the 3rd quarter next year, possibly longer.


The Euro was not so fortunate with comments from ECB president Trichet rattling the euro. He commented that the fiscal situation in some European countries is so bad that there is a danger that markets will lose faith in them. At last a bit of plain talking from the ECB! In addition we saw the Euro current account showing a deficit of €5.4 billion - this was concerning as it identified a surge in imports and slumping exports; this could bring the strength of the euro back to the fore as a red flag for the ECB. If this issue is raised it could start to turn the tide on recent euro strength…

Unfortunately the pound could not hold onto its gains after peaking at 1.13. This was due to the split decision from the Bank of England who were split three ways on the November Quantitative Easing vote. 7 backed the £25 billion increase, David Miles wanted a £40 billion increase and Spencer Dale wanted no change. This undermined sterling which immediately dropped over half a cent against the USD and the Euro. The split has highlighted the indecision on future policy and this is hardly surprising given the implications on monetary policy decisions within the current economic climate.

So overall its the same old problems hurting the pound in the form of QE and concern over public debt. However it is widely expected that UK GDP will be revised higher next week for the third quarter and that fourth quarter data will show an exit from the recession...therefore the pound should start to perform better going forward. Last week we also witnessed one or two red flags from the Euro zone and the recent support of the euro against the US dollar could wane if more concerns arise...this would certainly play into GBP/EUR gains.



www.currenciesdirect.com

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GoldAcre Estates launches Fractional Ownership properties in Fuerteventura, Canary Islands, Spain

GoldAcre Estates Fuerteventura’s leading Estate Agent has just launched a fractional ownership program in conjunction with the Fractional Property Group which will eventually rolled out throughout the Canary Islands and Spain.

John GoldAcre stated that the Spanish Real Estate market was going through a significant change, not just because of the current economic downturn but in general a lot of the ‘quick buck Estates Agents’ have now gone and we are starting to a core of more professionally run Estate Agencies throughout Spain, that are more focused on clients needs and the key element of client satisfaction.

New products are being investigated by Real Estate Agents such as the growing market of Fractional Ownership which is being driven by consumer demand for high quality properties without the need to obtain mortgages, client recent experience with banks have made them look differently at their overseas purchases and the amount of money they are prepared to expose themselves to, Fractional Ownership provides the client with the opportunity of owning freehold property in the Canary Islands without the need to commit to the full capital value of the property.

John commented that it was very important that the integrity and value of any program is maintained as otherwise Fractional Ownership will just end up falling into the same category as timeshare, for example some Real Estate Agents are trying to introduce 10 or 12 shares on property just to try to make it look cheap.

The maximum John GoldAcre said that GoldAcre Estates will arrange any Fractional Ownership program for is 4 or 6 shares, which would give each individual owner either 2 or 3 months usage of their property spread throughout the year.

All the properties with be furnished to a luxurious quality with everything taken care of the for the owners, the owners useage program will be based on a 4 year rolling calendar which will give the owners useage every season and every month of the year over the 4 year term, each owner can sell their shares independently of the other owners at any time.

GoldAcre Estates Fractional Ownership program commences with two different styles of property, one being frontline Apartments to the sea the other being Villas.

The apartments are Luxury 3 bedroom 2 bathroom sea facing, close to a marina and Blue flag beach. Each apartment has 42 m2 terraces and has it own parking underground, the facilities include a 27 m long pool, Gym and lifts to all floors, 1/6th Shares are only 45,000 euros each, John made the point that at this price this was less than the cost of a cheap one bedroom apartment.

The Villa is situated close to one of the main towns in the North of Fuerteventura and features Two Bedrooms parking and Gardens and 1/6th shares are only 32,000 euros each.

GoldAcre stated the advantage to a buyer of Fractional Ownership is that each owner does not have to worry about the day to day running of their property all bills are paid all the cleaning and maintenance is taken care of and the property is prepared and ready for each owners visit, unlike a wholly owner property where each owner is required to pay all their own bills organize maintenance etc ..

GoldAcre Estates have been in Fuerteventura Real Estate for the last 8 years and some 12 years in the Canary Islands in total, they have offices in Gran Canaria, Fuerteventura and Greece.

More details can be obtained by contacting GoldAcre Estates on info@goldacre-estates.com or visiting their website www.goldacre-estates.com

Monarchs New Flights To Fuerteventura, Canary Islands, Prove Popular

Monarch’s Airways new flights to both Fuerteventura and Gran Canaria are proving popular as figures for the October half term are released.
The Fuerteventura flights saw over 2000 passengers during half term and Gran Canaria had over 1500 making a 0.86% increase on the same period last year.
Managing director Liz Savage commented, “Our new services to the Canary Islands of Fuerteventura and Gran Canaria have been very well received and their addition strengthens Monarch’s flying programme to the Cannary islands, with 46 flights per week operating between the UK and the Canaries during winter 2009-10.”
Certainly the Canary Islands residents and property owners have also benefitted from these increased flights and wil help the Spanish property market– local Tui flight ticket providers have just advertised with Goldacre-Estates.com Christmas specials starting from €39!

Plot For Sale, Lajares, Fuerteventura, Canary Islands

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Monarch Airways Begin new flights to Fuerteventura,In The Canary Islands

Today Monarch Airways have begun their new flights to Fuerteventura from the UK. Monarch have increased their flights to all the islands and are offering more departure airports in the UK.
Flights to Fuerteventura will operate from London Gatwick, London Luton, Birmingham and Manchester. Yesterday Monarch flights from London Gatwick, Birmingham and Manchester began a new service to Gran Canaria.
Liz Savage, managing director of Monarch flights, said "We are delighted to be expanding our network to the canary Islands with the launch of sceduled flights to Gran Canaria and Fuerteventura. These will operate in addition to our existing routes to Tenerife and Lanzarote, and we have been overwhelmed with how well these new services have been received with over 35,000 advance booking already taken".
This will be great news not just for the island and tourists but for UK residents who own property on the island.
For more information on these flights and others to the Canary Islands contact Monarch Airways

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Corralejo, Fuerteventura To Get New Wind Farm For Desalination Plant

Work on the wind farm in Corralejo on Fuerteventura to power the towns desalination plant has begun and is expected to be completed by the end of the year. When the turbines enter into service it is expected that they will generate twice as much power as the desalination plant will need.
The Water Supply company, (CAFF), for Fuerteventura, (one of the Canary Islands,) is in charge of the project, which will cost an estimated 2 million Euros.
CAAF and president of the Cabildo de Fuerteventura, Mario Cabrera said "This wind farm will generate profits that help optimize production costs and maintain the policy assumed by CAAF and the council not to increase water rates. The Corralejo desalination plant will have two next-generation wind turbines installed by the company Drace, each with capacity to produce 850 kilowatts per hour.
This is good news for the islands enviroment, fuel cost and ties in with the islands new Bio-sphere status.

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New flights to Fuerteventura and Gran Canaria have been added by Monach

New flights to Fuerteventura and Gran Canaria have been added to Monarch’s scheduled flying programme for next summer.

Two flights a week will operate from Manchester to Fuerteventura plus weekly services from Birmingham, Gatwick and Luton.
Gran Canaria will be served by two new flights a week from Birmingham and Manchester and a weekly connection from Gatwick.
The airline is also stepping up frequency to Tenerife, Lanzarote, Larnaca, Gibraltar and Ibiza.
The introduction of new services to Fuerteventura and Gran Canaria brings the total number of routes operated by Monarch for summer 2010 to 49.
Liz Savage, managing director of Monarch flights and holidays, said: “We are seeing huge demand for our mid-haul destinations this year and have responded to this with the introduction of Fuerteventura and Gran Canaria in addition to increasing frequencies to Tenerife and Lanzarote meaning even more people can take advantage of our low fares.”
Highlights of the summer 2010 schedule currently on sale include:
*New route Fuerteventura - two flights a week from Manchester and one flight a week from Birmingham, Gatwick and Luton
*New route Gran Canaria - two flights a week from Birmingham and Manchester and one flight per week from Gatwick
*Increased frequency: Birmingham-Tenerife - six flights a week
*Increased frequency: Gatwick-Tenerife - seven flights a week
*Increased frequency: Luton-Tenerife - seven flights a week
*Increased frequency: Birmingham-Larnaca - three flights a week
*Increased frequency: Manchester-Larnaca - up to seven flights a week
*Increased frequency: Gatwick-Lanzarote - up to six flights a week
*Increased frequency: Manchester-Lanzarote - up to seven flights a week
*Increased frequency: Luton-Gibraltar - daily flight
*Increased frequency: Manchester-Ibiza - six flights a week

Source: Monarch Airways and Phil Davies, Travel Mole.

Optimism Is High For The Canary Islands Future

The year 2010 will be a significant milestone for the resurgence of the Canaries, and optimism is high for the Canary Islands future top politicians believe.
The European Union will be under Spanish presidency and president of the Government of Spain José Luis Rodríguez Zapatero believes this will give the archipelago a chance to put itself firmly on the European map. Despite the effects of the economic recession, Zapatero feels the Canary Islands can act as an international platform in relation to other continents for business and commerce opportunities. One big opportunity will be when the islands host a summit of countries from West Africa in Las Palmas. ZP says this will give Europe another chance to discover the Canaries which, he says, can forge ahead with vigour and force following the economic crisis.
The Spanish premier made his comments following a meeting with Socialists in Lanzarote. He revealed that the Cabinet will present, debate and approve a special plan of action on October 9. This strategy will continue medium and long-term measures for the reactivation of the Canary Islands which have been hard hit by the downturn. Zapatero says the plan is vital because of the archipelago's problems with tourism, the construction industry and rate of unemployment. The measures will aim to capitalise on the islands' strengths and, to this end, he stresses, it is vital to maintain close links and liaisons with all sectors of the community. ZP is still maintaing an optimistic outlook, believing the worst of the economic crisis has now past. On August 13, the Cabinet was due to discuss a new model of growth for the country.

Source Tenerife News

John Goldacres Introduction for the Latest Newsletter

This is John Goldacres introduction for the latest newsletter

Well summer is on us in the Canary Islands and its hot good job we have some of the best beaches in Fuerteventura to Relax and Unwind on. Been a recent flurry of activity on Vista Mar with our first clients taking title, this really has turned out to be a fabulous development pool is now completed, gym fitted out, a really 5 star resort.

I travel to Greece on the 5^th to visit our office there but first a two week break to be enjoyed first.

The property market still remains sticky .. Its like walking in mud .. still hard work with the euro to sterling exchange rate ranging anything from 1.15 – 1.18 to the GBP but 1.15 / 1.16 is where we have seen the most of the activity since our last newsletter.

Mortgages are still being granted although the banks are more stringent in their underwriting and the valuation companies under instruction from the Bank of Spain to be cautious in their valuations.

But it is not all doom and gloom as the press would still have us believe, inquires are on the increase both in the Canary Islands and Greece, there are still some great priced properties available, see our recent selection of one bedrooms below and there is a more positive feel generally amongst people.

Since our last news Fuerteventura has seen the introduction of regular services from Easy Jet and Monarch ( link these two to the blog ) so flights are becoming once again an issue of non importance I researched flights with Easy Jet on the 5^th December and returning on the 19^th from the UK and the total was £81 return, which was excellent. So those that thought access was becoming more difficult it shows in todays world things can change in an instant and with over 45,000,000 million euros being spent on the airport in Fuerteventura this was a definite change that was to happen. Please also remember if you have flight only GoldAcre Estates can assist you in finding your perfect accommodation to stay during your search for your Dream Home.

So safe low cost flights, Happy hunting and of course at GoldAcre Estates we are always on hand to help and advise with any questions you may have.

If you would like to receive our newsletter please contact us at info@goldacre-estates.com

30th July 2009

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Corralejo Motor Show, Fuerteventura.

This year the Fiesta del Carmen in Corralejo, Fuerteventura which is a celebration of the patron saint of the sea has a wide variety of entertainment and will include the Hollywood Motor Show on Saturday and Sunday (18th and 19th). The show will feature trick driving, Stunts and the BIG FOOT car. Both evenings fun start at 9pm and tickets will cost 10 euros for children and 15 Euros for adults. The show will be held at the Recinto Ferial junto al Instituto.

http://fiestas.net/la-oliva/carmen-2009-corralejo/

Fiesta Del Carmen, Corralejo, Fuerteventura

The Fiesta del Carmen has arrived again and from the 9th to the 19th of July a wide variety of entertainment will be laid on for the locals and tourists alike. The fiesta is the celebration of Senora del Carmen who is the patron saint of the sea and sailors. The most important day is the 16th July, which is a bank holiday, when the statue of Senora del Carmen is brought ashore on Town Beach

Throughout the 11 day period there will be organised events such as football matches, volleyball games, swimming events and childrens parties with games and entertainers. On Saturday the 11th the fiesta Queen will be elected.

Free concerts have also been organised which include a rock concert and and an urban hip hop night.

For all the information on the the dates and times visit http://fiestas.net/la-oliva/carmen-2009-corralejo/