The Torrevieja Socialist Municipal Group is making waves with a bold motion aimed at transforming the way minor contracts are awarded in the city. If approved, this initiative will open the door for any interested party to compete for contracts related to works and services, shaking up the status quo and tackling cronyism head-on. Not only does this promise to boost local businesses, but it also aims to save taxpayers money in the process.
Presented at the council's plenary session, the motion seeks to shine a spotlight on the process of awarding minor contracts, ensuring transparency and inviting fair competition. By doing so, it hopes to drive down costs and encourage a diverse range of service providers to step up and offer their expertise.
Currently, minor contracts encompass projects with an estimated value of less than €40,000 for works and under €15,000 for supplies or services. However, the Socialist Group points to a troubling trend within the Torrevieja Council: a frequent misuse of these contracts. A 2023 report from the Council's Legal Department warns that minor contracts are being routinely awarded, raising concerns about potential "unwanted legal consequences.”
Evidence suggests that some of these contracts may border on fraud. The council has been known to invite companies with shared management or those far removed from the local area, often benefiting individuals linked to the ruling PP members. Alarmingly, there have even been instances where companies were hired for tasks that should fall under the council's own staff duties. A striking example is the €18,000 paid for an appraisal of the Los Romeros property, when the average market price is just around €2,000. This kind of inflated pricing through minor contracts raises serious questions, especially when market rates are significantly lower.
With this motion, the Torrevieja Socialist Municipal Group aims to usher in a new era of accountability and fairness in local contracting, paving the way for a brighter future for businesses and residents alike.
Posted by: Adam Hatton on 21/10/2024
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Costa Blanca, Spain – The Costa Blanca region is experiencing a dynamic shift in its real estate market as the latest statistics reveal significant growth and evolving buyer preferences. As we move into the final quarter of 2024, the area continues to attract attention from both local and international buyers, driven by its picturesque landscapes and favorable living conditions.
-Notable Increases in Sales
Recent reports indicate that property sales in Costa Blanca have surged by 12% compared to the same period last year. This increase is largely attributed to a growing interest in the area as a desirable location for both permanent residences and vacation homes. Key hotspots such as Alicante, Orihuela Costa, and Altea are witnessing particularly high demand.
-Shifting Buyer Preferences
The latest trends show a shift in buyer preferences toward larger properties with outdoor amenities. Many buyers are looking for homes that can accommodate remote work, with gardens and terraces becoming essential features. "With the rise of hybrid working, many families are prioritizing space and outdoor living,” said Javier Martínez, a local real estate expert.
-Price Growth and Market Stability
While the average property price per square meter has risen by approximately 6% this year, experts emphasize that the market remains stable. This growth reflects a healthy balance of demand and supply, and many agents report that homes are selling quickly, often within weeks of being listed.
-New Developments on the Horizon
The Costa Blanca region is also seeing a surge in new developments, particularly luxury villas and sustainable apartment complexes. Developers are responding to the demand for eco-friendly housing, incorporating green technologies and materials. "Buyers are increasingly interested in sustainability, and we’re committed to meeting that demand,” noted Ana Gómez, a representative from a leading real estate firm.
-Challenges in the Market
Despite the positive outlook, the region faces challenges, particularly regarding inventory shortages. Many desirable properties are quickly snapped up, leaving some buyers frustrated. Local authorities are working to facilitate more construction projects to alleviate this pressure and ensure a steady supply of homes.
-Conclusion
As 2024 draws to a close, the Costa Blanca real estate market is poised for continued growth. With its blend of natural beauty, vibrant culture, and appealing lifestyle, the region remains a top choice for those seeking to invest in property. Whether you’re a first-time buyer or looking to expand your portfolio, the Costa Blanca offers a wealth of opportunities that are hard to resist.
Stay tuned for more updates as we continue to monitor the evolving landscape of Costa Blanca real estate.
Posted by: Adam Hatton on 14/10/2024
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Spain — In a move to support residents in the housing market, two significant assistance programs have been introduced for both foreign nationals and Spanish citizens currently residing in the country.
The first initiative, known as the AVAL ICO, targets young people seeking to purchase their first home. Available to individuals aged up to 35 years, this program allows banks to provide loans covering 80% of a property's value. The Instituto de Crédito Oficial (ICO) further supports these young buyers by guaranteeing an additional 20%. This initiative aims to alleviate the financial challenges many young people face when entering the housing market.
In addition to the AVAL ICO, the Valencian Community has launched its own assistance program, the Aval de la Comunidad Valenciana. This program offers a guarantee of 15% for individuals up to 45 years old, providing essential support for those looking to buy their first home in the region.
These programs reflect the Spanish government’s commitment to making homeownership more accessible, particularly for younger and mid-age buyers navigating a competitive housing landscape. As the demand for housing continues to rise, these initiatives aim to empower residents by easing financial burdens and fostering a pathway to homeownership.
Posted by: Adam Hatton on 11/10/2024
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Picture this: sun-drenched beaches, charming whitewashed villages, and the gentle sound of waves lapping against the shore. Welcome to the Costa Blanca, Spain's southeastern gem! This vibrant region isn’t just a paradise for holidaymakers; it’s also shaping up to be one of the smartest investment choices you can make. Let’s dive into why the Costa Blanca is a hot spot for savvy investors.
- A Tourist Magnet
The Costa Blanca is a tourism powerhouse, attracting millions of visitors each year. From the bustling resorts of Benidorm to the quaint streets of Altea, there’s something for everyone. This constant influx of tourists creates a robust rental market. Whether you’re interested in short-term holiday lets or long-term leases, your investment can quickly transform into a steady stream of income. Imagine the satisfaction of seeing your property thrive while you bask in the sun!
- Affordable Dream Homes
While coastal properties in many parts of Europe come with eye-watering price tags, the Costa Blanca still offers incredible value. You can find a beautiful beachfront apartment or a charming villa without breaking the bank. This affordability, combined with a rising market, means your investment has the potential to appreciate significantly. It’s a perfect opportunity for first-time investors looking to dip their toes in real estate.
- A Year-Round Sunlit Paradise
With over 300 days of sunshine each year, the Costa Blanca is more than just a summer hotspot; it’s a year-round haven. The pleasant climate not only draws tourists but also appeals to those seeking a more permanent residence. This consistent demand keeps rental properties occupied and values climbing, making it a smart choice for long-term investment.
- Top-Notch Infrastructure
Getting around the Costa Blanca is a breeze, thanks to its excellent infrastructure. Well-maintained roads, efficient public transport, and proximity to Alicante Airport ensure that both locals and tourists can explore the region with ease. This connectivity adds to the allure of the area, making it a prime spot for property investment. Easy access means more visitors—and more rental income for you!
- A Thriving Expat Community
The Costa Blanca is home to a vibrant mix of cultures, thanks to its diverse expat community. With residents from the UK, Germany, Scandinavia, and beyond, the area offers a rich tapestry of experiences and amenities. This multicultural environment not only enhances the local lifestyle but also drives demand for housing and services, ensuring your investment remains valuable and sought-after.
- A Commitment to Growth
Local governments are pouring resources into the Costa Blanca, investing in infrastructure and community development. New shopping centers, parks, and recreational facilities are popping up, all designed to improve the quality of life. These enhancements don’t just make the area more enjoyable—they also boost property values, making your investment even more lucrative.
- Friendly for Foreign Buyers
Navigating the Spanish property market is more straightforward than you might think. Spain welcomes foreign investors, offering a transparent purchasing process and rights equal to locals. Plus, initiatives like the Golden Visa program allow non-EU investors to obtain residency when buying properties over a certain value. This friendly regulatory environment is a significant plus for anyone looking to invest.
- Overall
Investing in the Costa Blanca is like securing a slice of paradise that promises not just beautiful sunsets but also financial growth. With its thriving tourism, affordable property prices, welcoming climate, solid infrastructure, and an ever-growing expat community, the Costa Blanca is poised for a bright future. Whether you’re dreaming of a vacation home or looking for a long-term investment, this stunning region offers unparalleled opportunities. Don’t miss your chance to be part of its exciting journey!
Posted by: Adam Hatton on 10/10/2024
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