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.

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.

It’s Carnival Time in Fuerteventura, Canary Islands

In many Roman Catholic countries the weeks leading up to Lent become Carnival time. It is a time when locals forget about the stresses and strains of everyday life and how much their real Estate is worth or not and dress up in often outrageous costumes to go out onto the streets and party well into the night.

Fuerteventura, second largest Island in the Canary Islands, Spain is no exception to this and the Carnival season starts in mid-February in the capital Puerto del Rosario, moving on to other towns and villages around Fuerteventura and the other Islands of Tenerife , Lanzarote and Gran canaria.

The main event in each location is the grand parade with many floats representing local businesses, marching bands, and of course the Carnival Queen – or queens, as you will often see not one, but two or even three queens – an adult, a junior and possibly a drag queen.

The majority of locals – men, women and children – join in with the festivities wearing fancy dress costumes made especially for the occasion. Men become women for the evening and all are a sight to behold, with tourists who know of the tradition also taking part.

So what is happening and where? Below are details of the events in the main towns but there will also be activities in the smaller towns and villages:

Puerto del Rosario

• The first, smaller parade takes place on 17th February at 8 pm. The parade represents “the birth of the sardine”, the sardine being the symbol of Carnival in the Canary Islands.
• On Saturday 27th February is the grand parade. This is traditionally the largest and most spectacular parade on the island, starting at around 5pm.
• On 6th March is the final parade “the burial of the sardine” when a huge papier mache model of the sardine is burned (cremated).

Caleta de Fuste

• In Caleta this year the grand parade takes place on February 20th. The theme for 2010 is the 1960’s so you can expect to see once again the fashions of this exciting era.

Corralejo

• The grand parade this year starts at around 5pm on Saturday 13th March. The theme of the carnival is The Jungle and there is a wealth of material for sale in every imaginable animal print in fabric shops in the old town. No doubt there will be many Tarzans, Janes (probably predominantly male) and “animals” galore on the streets of Corralejo.

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.

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.

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

New Yacht Marina Is To Be Constructed In Corralejo, Fuerteventura, Canary Islands

A new yacht marina is to be constructed in Corralejo, Fuerteventura which will provide 650 private moorings in an adventurous expansion plan of the present harbour. The project, which will be funded by the Canarian Government, is in the early stages of planning but it is hoped that it will go out to tender early next year.

Corralejo harbour is one of the busiest in the Canaries with over a million passengers a year using the ferry link to Lanzarote and the project will ensure that increasing passenger demand can be met.

The scheme will create two new commercial jetties and a multi purpose water sports building as well as the marina. Once the construction work begins it is expected to take around two years to complete.

This is good news for home owners and investors as marinas are sort after locations for property purchasers and the construction of the new marina will mean that homes in the immediate area will be at a premium.

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

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

International Business Opportunity with leading real estate company in the Canary Islands, Gran Canaria.

Are you looking for a business opportunity in the Canary Islands?

Are you looking for a lifestyle change with High Rewards?

Do you want to run your own business and be supported by one of the most experienced Real Estate Companies in the Canary Islands?

GoldAcre Estates is looking for partners to fuel our expansion program in the Canary Islands.

Our Partnership program is looking to offer exciting opportunities to selected individuals that want to run their own business in the Canary Islands with ongoing existing business available for franchise.

Low Initial start up costs,Full Training and Ongoing Support provided.

Take the initiative today and invest in your career and lifestyle for a future in the sun!

For further details e-mail nicolast@goldacre-estates.com

New Sea Route Linking, Canary Islands, Puerto del Rosario, Fuerteventura to Valencia, Spain

The shipping and ferry company “Boluda” is starting a new sea route from Puerto del Rosario, Fuerteventura, Canary Islands to Valencia, Spain.



It is hoped that with the start of this new route with the Spanish mainland goods will arrive sooner and in better condition in the Canary Islands. This will be a weekly service for commercial goods and vehicles and offer ongoing routes to other European destinations by the same shipping company. This is good news for people buying Real Estate in Fuerteventura as now it will be easier to furnish their new properties that they buy and of course owners wanting to bring furniture and personal items over to the island from other European countries

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

Spain Has Announced Airport Taxes Will Be Frozen From 2010

Airport taxes will be frozen from 2010 the Spanish Government has announced. Spain's minister for public works José Blanco has said the move was devised to help stimulate the economy.

In a further initiative, the minister said discounts, which currently apply to travellers to the Canary Islands, the Balearic Islands and Melilla, will be increased to 30 per cent. Francisco Alaya opposition member of the People's Party insisted that the government's initiative was too late and should have been introduced this year. Mr Alaya also noted it is discriminatory to apply the taxes just to selected islands.

The Canary Islands are a favorite destination for expatriates and holidaymakers alike and this will greatly help the tourist industry. The news comes after several airlines annouced increased flights to the Canaries.

International Business Opportunity In The Canary Islands

International Business Opportunity with leading real estate company in the Canary Islands, Gran Canaria.

Are you looking for a business opportunity in the Canary Islands?
Are you looking for a lifestyle change with High Rewards?
Do you want to run your own business and be supported by one of the most experienced Real Estate Companies in the Canary Islands?

GoldAcre Estates is looking for partners to fuel our expansion program in the Canary Islands.
Our Partnership program is looking to offer exciting opportunities to selected individuals that want to run their own business in the Canary Islands with ongoing existing business available for franchise.

Full Training and Ongoing Support provided.
Take the initiative today and invest in your career and lifestyle for a future in the sun!

For further details e-mail nicolast@goldacre-estates.com

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/

Cost of new housing falls in Spain but the Canary Islands is less affected

Canary Islands Real Estate, Fuerteventura Tenerife, Lanzarote and Gran Canaria property better than mainland Spain.

The cost of new housing fell 2% in the first quarter of the year compared with the same period in 2008, the first annual decrease since the property market bubble started to deflate in mid-2007.

According to data published today by the National Institute of Statistics (INE), the price of housing as a whole fell by 7.6% between January and March, the biggest decrease since prices started to fall in the second quarter of 2008. The main reason for the fall is still the slump in prices in the second-hand-property market, brought on by owners selling just to clear bank mortgage commitments, but it is the first time that new housing in Spain has also seen a decrease.

House prices fell in all the autonomous communities in the first quarter, with the biggest drops being registered in Catalunya (13.7%), Comunidad de Madrid (11.2%), Basque Country(10.8%), Navarra (10.1%), Aragón (9.7%), Balearic Islands (8.1%) and La Rioja (8%).

Below national average drops were registered in Cantabria (7.2%), Comunidad Valenciana (5.2%), Canary Islands (4.3%), Andalucía (3.9%), Castilla and León (3.3%), Castilla-La Mancha (2.5%), Extremadura (2.2%), Asturias (1.8%), Murcia (1.6%) and Galicia (0.5%).

For more information:
Calle Guirre, No1 Oasis Tamarindo- Local No17, Corralejo Fuerteventura Canary islands Spain 0034 928 535044 www.goldacre-estates.com

Easyjet is to start a raft of new routes across Euorpe in the winter.

Easyjet have announced new destinations and services to add to its european routes. Eight of the 15 new routes will run from UK airports, mainly to winter sun destinations.

The low cost carrier is to serve Sharm el Sheikh and Paphos from Luton; Fuerteventura from Liverpool and Stansted; Lanzarote from Liverpool; Lyon from Edinburgh, Hamburg and Porto from Gatwick.

Other services added to the network for winter 2009-10 include six routes from Rome and one from Madrid.

Fares from the UK start at £27.99 one-way on the three flights a week between Edinburgh and Lyon and rise to £75.99 one-way from Luton to the Red Sea resort of Sharm el Sheikh which will be also be served three times a week.

The new flights start between November 2 (Liverpool-Fuerteventura) and February 2, 2010 (Gatwick-Hamburg) with the majority starting in early November.

Chief executive Andy Harrison said: “Times are tough for consumers so we are proud to offer great year-round holiday destinations for incredibly low prices.”

Source Travel Mole

International Business Opportunity Canary Islands, Gran Canaria, Fuerteventura

International Business Opportunity with leading real estate company in the Canary Islands, Gran Canaria, Fuerteventura

Are you looking for a business opportunity in the Canary Islands?
Are you looking for a lifestyle change with High Rewards?
Do you want to run your own business and be supported by one of the most experienced Real Estate Companies in the Canary Islands?

GoldAcre Estates is looking for partners to fuel our expansion program in the Canary Islands
Our Partnership program is looking to offer exciting opportunities to selected individuals that want to run their own business in the Canary Islands with ongoing existing business available for franchise.

Low Initial start up costs,

Full Training and Ongoing Support provided.

Take the initiative today and invest in your career and lifestyle for a future in the sun!

For further details e-mail nicolast@goldacre-estates.com

More Flights Coming To Fuerteventura

More Flights Coming To Fuerteventura from the UK

EXETER International Airport has signed a deal with an airline and tour operator which will run new flights to two winter holiday hot spots. Palmair will be flying holidaymakers from Exeter to Tunisia in November. The company will also operate flights to Fuerteventura in the Canary Islands, for one or two-week holidays, from November until the end of March, 2010.

The airport’s managing director Jamie Christon, said: “This is great news for the airport team and for those wanting to fly to guaranteed sunshine this winter. Despite the gloomy economic conditions, these new routes may be an indicator of better times ahead and I am confident that these flights will sell out quickly”.

UK-based Palmair, which operates from offices in Bournemouth, was voted Britain’s most popular short haul airline last year in a survey by Holiday Which?

New Flights and solid Real Estate prices in Fuerteventura all help in the Islands progress as a place that is growing on the touristic map of Spain

Fuerteventura in the Canary Islands has recently been named a Bioshere Reserve, all this is seen to assist and help in the growth of the island, which will produce good returns on real estate prices, provide a better environment for visitors and access is being provided by more and more flights to the Canary Islands from the UK.

Last week it was announced that UNSECO have made Fuerteventura in the Canary Islands a biosphere reserve. This means that Fuerteventura have been recognised as having a unique environment and that the islanders are working to ensure that people and wildlife live harmoniously together. This should help to stop some of the over development that has happened and keep the island the beautiful, peaceful place that has made Fuerteventura a place for those that have visited a place we all love. The announcement that Fuerteventura has been named as a UNESCO biosphere reserve, what you can do to help the Fuerteventura in the Canary Islands live up to this honour. The award is given to areas where people and the environment are working to live in harmony with each other and the recent survey that showed a 30% increase in the Hubara bird in just one year helps to confirm this. But you cannot just leave this up to the Cabildo to follow good environmental practice, this has got to come from every one of us who visits Fuerteventura for their vacation / holiday.

The immediate thought that comes into people's minds when they think of themselves and the environment is recycling, but in many ways this should be almost your last resort.......

More good news on flights to Fuerteventura island this week, Palmair are going to come to Fuerteventura from Exeter for the winter season, these start in November.

Fuerteventura Airport – Canary Islands Airport’s do not rank in SkyScanners lastest list of rudest, weirdest and strangest airport names in the worl

The old capital name for Fuerteventura which was formally known as Puerto de Cabras ( Port of the Goats ) now known as Puerto del Rosario because it was felt the previous name did not reflect the right image for an islands capital that is the business centre for Real Estate, banks, Lawyers and Notary’s. We think that Fuerteventura’s Puerto de Cabras could have managed to obtain the listing in the airport or zoo category for Goat Airport
All are genuine, official airports, recognised by the International Air Transport Association (IATA).
Skyscanner’s Top 10 Personal Favourites:
1. Batman Airport (BAL) Turkey
2. Useless Loop Airport (USL), Australia
3. Black Tickle Airport (YBI), Canada
4. Mafia Airport (MFA), Tanzania
5. Moron Airport (OZP), Spain
6. Ogle Airport (OGL), Guyana
7. Brest Airport (BES), France
8. Eek Airport (EEK), USA
9. Pickle Lake Airport (YPJ), Canada
10. Raspberry Strait Airport (RSP), USA

Watch your language – airports that may offend!
1. Old Crow Airport (YOC), Canada
2. Fukui Airport (FKJ), Japan
3. Dang Airport (DNP), Nepal
4. Pratt Airport (PTT), USA
5. Ponce Airport (PSE), Puerto Rico
6. Fort Dix Airport (WRI), USA
7. Tsili Tsili Airport (TSI), Papau New Guinea
8. Gaylord Airport (GLR), USA
9. Shafter Airport (MIT), USA
10. Phi Phi Island Airport (PHZ), Thailand
11. Fak Fak Airport (FKQ), Indonesia
12. Big Bell Airport (BBE), Australia

Say what now? The strangest sounding airports
1. Gorom-Gorom Airport (XGG), Burkina Faso
2. Wee Waa Airport (WEW), Australia
3. Wagga Wagga Airport (WGA), Australia
4. Woodie Woodie Airport (WWI), Australia
5. Wuhu Airport (WHU), China
6. Xingning Airport (XIN), China
7. Puka Puka Airport (PZK), Cook Islands
8. Flin Flon Airport (YFO), Canada
9. Kar Kar Airport (KRX), Papua New Guinea
10. Linga Linga Airport (LGN), Papua New Guinea
11. Muko-Muko Airport (MAL), Indonesia
12. Mala Mala Airport (AAM), South Africa
13. Sabi Sabi Airport (GSS), South Africa

Airports you might prefer not to fly to…
1. Mafia Airport (MFA), Tanzania
2. Slave Lake Airport (YZH), Canada
3. Asbestos Hill Airport (YAF), Canada
4. Desolation Sound Airport (YDS) Canada
5. Crooked Island Airport (CRI), Canada
6. Deception Airport (YGY), Canada
7. Broken Hill Airport (BHQ), Australia
8. Warroad Airport (RRT), USA
9. Battle Mountain Airport (BAM), USA
10. Battle Creek Airport (BTL), USA
11. Mysore Airport (MYQ), India
12. Bloodvein Airport (YDV), Canada
13. Storm Lake Airport (SLB), USA
14. Red Devil Airport (RDR), USA
15. Rifle Airport (IRD), USA
16. Deadhorse Airport (SCC), USA
17. Cue Airport (CWT), Australia
18. Alert Airport (YLT), Canada
19. Danger Bay Airport (DGB), USA
20. Colon Airport (ONX), Panama
21. Aspe Airport (YGP), Canada

Airport or Zoo - airports for animals?
1. Monkey Mia Airport (MJK), Australia
2. Murnansk Monkey (MMK), Russia
3. Squirrel Cove Airport (YSZ), Canada
4. Big Trout Airport (YTL), Canada
5. Snake River Airport (YXF), Canada
6. Goose Bay Airport (YYR), Canada
7. Whale Cove Airport (YXN), Canada
8. Beaver Creek Airport (YXP), Canada
9. Muskrat Dam Airport (MSA), Canada
10. Sheep Mountain Airport (SMU), USA
11. Elk City Airport (ELK), USA
12. Deer Park Airport (DPK), USA
13. Hawk Inlet Airport (HWI), USA
14. Big Bear Airport (RBG), USA
15. Red Dog Airport (RDB), USA
16. Moose Jaw Airport (YMJ), Canada
17. Mammoth Lakes Airport (MMH), USA
18. Wolf Point Airport (OLF), USA
19. Chicken Airport (CKV), USA
20. Fox Airport (FOX), USA
21. Duck Airport (DUF), USA
22. Atlanta Beaver Ruin Airport (JAO), USA


And finally, a little fun with IATA Airport Codes:
1. DIK – Dickinson Airport, USA
2. NOB – Nosara Beach Airport, Costa Rica
3. KOK – Kokkola/Pietarsaari Kruunupyy Airport, Finland
4. BOG – Bogotá Airport, Columbia
5. BUM – Butler Airport, USA
6. PEE – Perm Airport, Russia
7. POO – Pocos De Caldas Airport, Brazil
8. SEX – Sembach Airport, Germany
9. EAT – Wenatchee Airport, USA
10. FAT – Fresno Yosemite Airport, USA
11. DOH – Doha Airport, Qatar
12. CAT – Cat Island Airport, Bahamas
13. DOG – Dongola Airport, Qatar

Permission is granted for this release to be reproduced in full or in part on the condition that Skyscanner.net is credited. Where the article is reproduced online, please include a link to www.Skyscanner.net.

Sterlings climb improves the Spanish and Canary lslands Real Estate markets

Sterlings value affects the real estate markets in the Canary Islands and Spain, with a particular increase in the Fuerteventura property market has seen a significant increase in business from the UK that has increased in line with the improvements and gains that sterling has made recently.

Sterling on Wednesday morning saw a decline against the major currencies on Tuesday had nothing to do with the unemployment data and nothing to do with the monetary policy committee minutes: Neither came out until an hour and a half after it had set off south. Almost on the dot of eight cable began a slide that cost it two and a half cents in the following five hours. Sterling/euro cut just over a cent in slightly less time and sterling/Swiss performed proportionally badly. The move was provoked by a softer tone to equity markets, with all that implies for risk appetite. After a rally lasting more than a week investors knew a profit-taking signal when they saw one and they lobbed out their surplus pounds.

As far as the unemployment numbers went, they were acceptably bad. Jobless claims rose by less than expected as did the unemployment rate, which rose to 7.2%. The MPC minutes showed unanimous approval for a continuation of the asset purchase programme.

The US inflation data painted an interesting picture. Prices went up by just 0.1% in May and prices excluding food and energy did exactly the same. That symmetry was entirely absent from the annual figure. In the 12 month to May headline CPI fell by 1.3%. "Core" prices, excluding food and energy (commodities, in other words), were up by 1.8%. What happened last summer? Commodity prices fell out of bed, led by oil. Although prices did not bottom until December they are already back up to October's levels. In four months' time that commodity price deflation will have worked its way through the system and headline inflation will be heading back into line with core inflation. Put that together with the possibility of growth in the second half of the year and you see why investors are already speculating that we will see higher US interest rates by Christmas.

But that is all in the future. For the time being, those central banks that still have scope to do so are still lowering their policy interest rates. There have been rate cuts in Iceland, Brazil and Turkey this month and it is possible that South Africa might join them next week. Today's meeting of the Swiss National Bank is highly unlikely to result in a change to its 0-0.75% target range but be prepared for other developments. Back in March the SNB threatened to intervene if its currency became too strong. They did it too. Three months on they may decide that it is time for a reminder.

Report provided by moneycorp

International Business opportunity, Canary Islands, Gran Canaria

Are you looking for a business opportunity in the Canary Islands?

Are you looking for a lifestyle change with High Rewards?

Do you want to run your own business and be supported by one of the most experienced Real Estate Companies in the Canary Islands?



GoldAcre Estates is looking for partners to fuel our expansion program in the Canary IslandsOur Partnership program is looking to offer exciting opportunities to selected individuals that want to run their own business in the Canary Islands with ongoing existing business available for franchise.



Low Initial start up costs,Full Training and Ongoing Support provided.



Take the initiative today and invest in your career and lifestyle for a future in the sun!For further details e-mail nicolast@goldacre-estates.com or Telephone 0034 928 535 044

Fuerteventura Named As Biosphere Reserve

As well as a tiger reserve in India and a former military training area in Germany Fuerteventura is one of 22 new sites from 17 countries added by the United Nations Educational Scientific and Cultural Organization (UNESCO) to its World Network of Biosphere Reserves.

Biosphere reserves are areas designated to serve as places to test different approaches to integrated management of terrestrial, freshwater, coastal and marine resources and biodiversity. As a result, they are sites for experimenting with and learning about sustainable development

Fuerteventura is the second largest island of the Canaries archipelago, close to the West African Coast. It includes a wide range of ecosystems from desert or semi-desert areas to coastal and marine habitats. While the island is characterized by a rich diversity of marine species, including dolphins and cachalot’s, as well as marine turtles that reproduce on its beaches, the biosphere reserve also represents one of the world’s major geopalentological observatories. Development of sustainable ecotourism practices is the major focus of the population living on the island. The island is also investing in the increase of its renewable energy capacity, mainly through wind-based and solar energy production and is representing itself as one of the models for the implementation of the European Union's Directive on Renewable Energy.

The other new sites are: Lagunas de Montebello (Mexico), Flores Island (Portugal), Geres-Xures (Portugal and Spain), Shinan Dadohae (ROK), Altaisky (Russia), Vhembe (South Africa), Giam Siak Kecil – Bukit Batu (Indonesia), Great sandy (Australia), Lajat Biosphere Reserve (Syria), Desnianskyi (Ukraine), Delta del Orinoco (Venezuela), Cu Lao Cham – Hoi An (Viet Nam), Mui Ca Mau (Viet Nam), Mount Myohyang (Democratic People’s Republic of Korea), Biosphare Bliesgau (Germany), Similipal (India), Pachmarhi (India), Nokrek (India), and Jabal Moussa Biosphere Reserve (Lebanon).

Euro Exchange – the real cost to British Buyers in Canary Islands

Following the strong media exposure damping British buyers hopes of buying holiday homes in Spain due to the strong Euro, it is well worth further examination of the real cost the current exchange rates poses to those looking to take advantage of competitively priced properties on offer this year.

With the current exchange in the region of GBP 1 to Euro 1.26 compared to Euro 1.40 a year ago a property of 200,000 Euros now would cost 15,873 GBP more. This is based on paying the full amount using GBP of course, something which rarely ever happens as the majority of buyers in Canary Islands use locally sourced mortgages taken in Euros and take advantage of the Islands extended season for rental. Where the rental is payable in Euros the monthly mortgage repayments are not subject to any exchange costs.

John Goldacre from the Canary Islands property specialist Goldacre Estates points out, ‘in a typical scenario investors take advantage of the lower rates offered by Euro mortgages compared to Sterling equivalents. Where a 70% mortgage is offered locally, our clients only have to exchange 30% from Sterling to Euros, representing a minimal cost of exchange compared to paying 100% from Sterling.’

A 200,000Euro example then would actually only cost 4,762 GBP more than a year ago, not 15,873GBP. This realistic cost when compared to the localised markets of Fuerteventura and Gran Canaria www.goldacreestatesgrancanaria.com should be considered carefully. Currently Fuerteventura offers some of the lowest priced properties as it is still in the early growth stages compared to mature markets like mainland Spain or even Tenerife. Combine this with a long rental season due to year round letting capabilities and the media presented picture becomes less obvious.

John has this to say, ‘Shrewd investors have turned their attentions away from the more familiar markets of continental Europe towards smaller niche sectors offering less volume but higher quality and favoured positions. One such example is the Vista Mar project in Fuerteventura offering frontline sea view apartments of very high quality build and design that include many extras such as air-conditioning, fully fitted kitchens, 42m2 terraces, private garaging, gym facilities as well as a 25m pool for exclusive owner use. Products like this are exceptional in todays market and provide the best cover against recessions especially when there is only a 20% investment required today and then you look at local additions that make up the total investment picture such as additional investment in the airport, new golf facilities close by, a new marina, promenade, blue flag beach and ferry services to other islands close by.’

GoldAcre Estates can be contacted on www.goldacre-estates.com or e-mail info@goldacre-estates.com

Easy Jet to Offers Low Cost Flights to Fuerteventura and Lanzarote

Low cost airline Easy Jet offers to new routes connecting both Fuerteventura and Lanzarote in the Canary Islands to Madrid Barajas.
The new service will begin in November of this year and will be a welcome edition connecting the two Islands to the Capital of Spain and onward to Easy Jets other European destinations..
It is believed that flights will be available from as little as 38 euros which will bring stiff competition to the existing carriers such as Iberia, SpanAir and Air Europa..

Further information can be found by logging onto http://www.easyjet.com/