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

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.

Exceptional opportunity, 4 Bedroom Villa in Villaverde, Fuerteventura, Canaries

KEY POINTS
4 Bedrooms

2 Bathrooms

Heated 7x3 Swimming pool

Large plot size 1700 sqm

Triple Car Port

Large roof terrace

Garden sun terrace

Furnished with fitted Kitchen

This fabulous 4 bedroom villa is situated in the popular village of Villaverde just a short walk away from the village centre with its shops, quaint bars and fabulous resurants. The property sits in a large plot with a sheltered sun terrace, a covered 3 bay car park, planted flower beds, and a large heated swimming pool.

Inside the property all the bedrooms are a generous size with the master bedroom ensuite. The lounge is bright and and well furnished with Satellite TV. There is a galley style fitted kitchen with a separate large dining room. The large roof terrace offers all day sun and great views across the countryside.

Villaverde is a typical Canarian village located only 12 km outside of Corralejo, the location of Villaverde affords and elevated position with stunning views all around, Villaverde has plenty to offer, be it quality dining, with a variety of restaurants including the hidden gem known as Casa Marcos, a lovely tapas restaurant with a great atmosphere for locals and tourists alike. However, if you like a big plate of meat, then there is only one place for you, El Horno is one of the best restaurants on the island, offering a wide variety dishes to choose from.

The village is centrally located in the north of the island, 12km from Corralejo, 15km to the lagoons of El Cotillo or 20 minutes to the islands capital, Puerto del Rosario and the airport. This is the perfect opportunity to own a fabulous villa in the sun at a fraction of its true value and an opportunity not to be missed, so if you are looking for a permanent residence or a perfect rental home then this investment opportunity has to e for you. For more information email info@goldacre-estates.com

Telephone 0034 928 535 044

Improving Property market in the Canary Islands aided by improvement in Sterling vs the Euro

MPC member sets the ball rolling with talk of higher UK interest rates. Greece's fiscal problems worry the euro.

After a day's hesitation in the vicinity of Monday's €1.11 starting point the pound set off higher. It was not quite a straight-line advance (it almost never is) but sterling did not really come to a stop until it topped out at €1.13 on Friday. End of week profit-taking brought a brief setback but the pound was back up beyond €1.63 by the time London opened this morning.

Sterling had a good week on almost every front. On the rare occasions it failed to make progress - and only the yen springs to mind - it was steady. There was not universal support in every case to start with but by Tuesday there was wind in every one of sterling's sails. The pound owed its uncharacteristic advance to the Bank of England, specifically to Andrew Sentance, a member of the Monetary Policy Committee. He told The Guardian newspaper that 'Threadneedle Street has done enough to lift Britain out of its deepest post-war slump and will need to consider raising interest rates this year if a recovering economy poses a threat to inflation.' In his opinion the sixth consecutive quarter of falling output in the third quarter of 2009 presented 'an excessively downbeat' picture of the UK economy and he downplayed the risk of a double-dip recession.

That argument received corroboration the following day. The National Institute for Economic and Social Research ('Britain's longest established independent economic research institute' according to its own blurb) reckons the economy grew by +0.3% in the fourth quarter, contracting by -4.8% in calendar 2009. That last figure was given added punch by simultaneous news that Germany's economy shrank by -5.0% on the year. Although the NIESR is not responsible for the 'official' figures investors were happy to accept that the UK economy had finally returned to growth and they clung to that upbeat mood for the rest of the week.

By contrast, investors did not have their usual disregard for factors detrimental to the euro. They have at last fallen in with the idea that Greece's membership of the euro cuts both ways. Total public sector borrowing in Greece is set to reach 120% of gross domestic product this year and could be as high as 140% of GDP in a couple of years' time. The Greek government says it intends to barrow this budget gap but its deeds have so far fallen short of its words. Some analysts have speculated that a possible solution is for Greece to abandon the euro and go back to issuing its own currency, a sort of Drachma II.

At his press conference on Thursday the president of the European Central Bank made his position clear. First he said the idea of Greece leaving the euro was 'absurd'. Then he went on to say the ECB would offer no special treatment to Greece. That means, following the downgrade of Greek credit ratings, that Greek government bonds will not be eligible as collateral at the ECB once it retightens its rules to pre-crisis standards. Yesterday's Sunday Telegraph carried a piece entitled 'ECB prepares legal ground for euro rupture as Greek crisis escalates'. The official ECB line seems to be that a) there is absolutely no chance of Greece leaving the euro and b) this is what will happen when it does. Investors are less than relaxed about the situation.

The pound has spent most of the last three months between $1.58 and $1.68. It starts this week right at the top of that range and looking punchy. If it can consolidate its gains there is nothing to prevent it reaching €1.15 without too much effort. The uncertainty principle still points to a 50% hedge of any euro requirement but there might be better levels at which to make the transaction. Buyers of the euro who are not already hedged should use a stop order for protection in anticipation of this rally carrying further.

Report provided by moneycorp

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.

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.

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

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!

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

Canary Island And Greece Property Review

John Gold reviews the current economic climate for the Canary Islands and Greek property market.

How wrong can you be?

Talk about the kiss of death in our last newsletter, I talked about the positive news regarding sterling and since then it has all gone down hill !!
The economic data from the UK has sent sterling vs some of the other major currencies through the floor ( well not quite, bit of an exaggeration ) but it went as low as 1.08 euros to the pound ( see I said in my last newsletter you would not find a better time to buy ) anyway after the downward trend of the last couple of weeks, hey guess what we are now seeing it tracking upwards again to the heady heights of 1.0999 today ( 30 September ) fingers crossed it remains going in the right direction again if you read some of the daily reports from the major currency houses they have talked about the bank of England creating the reduced strength of the pound.
Anyway the good news for the buyers out there is property prices have not gone up!! YET! but on a more serious note opportunities are still out there and at some prices of the properties available, it really does not matter what the exchange rate is or does.
You will note a great selection of properties in this newsletter outlining some opportunities across the board from Villas to Apartments,
Keep an eye on your e-mails for the new electronic versions of BuyIN Fuerteventura and BuyIN Greece magazines, which are nearing completion and will be distributed shortly.
I mentioned a couple of newsletter ago the words Fractional Ownership which is starting to gain momentum in the real estate industry in the newest edition of BuyIN Fuerteventura there will be a focus on this subject to explain more, but an example of this is four owners can share ownership in a 3 Bedroom 2 Bathroom Villa with pool and Jacuzzi, in 1,000m2 plot for three months spread throughout the year from only 79,750 euros per owner and it is all FREEHOLD.
The sun remains, beach beckons and properties in the world of GoldAcre Estates remain available and the whole TEAM would love to show you them.
Good luck, happy hunting and wherever your search may you find your DREAM HOME we are there to assist you.