I agree with Spanishmortgageman and Mathew King and there is little that I could add except that, even if they tried, they could not do much damage.
This is because there is actually very little land left now for new building, especially in Moraira and Benissa Costa.
It all started here in the early 70's, long before most other areas. They made mistakes, of course, and although they corrected them, there are a few aspects of the development that we can do without.
Lots of the little "pigs ears" of houses have been, or are being, extensively refurbished or even demolished - yes that is happening!
One problem that Teulada-Moraira has is finance as there is little income for the town hall from new building licences. The licence fee is a whopping 5% and the developer has to contribute 7,000 Euros towards updating the infrastructure in the case of an isolated plot. The minimum plots size is 1,000 metres and the little remaing land is expensive, which all goes to make new buildings expensive.
Moraira-Homefinders have an extensive range of
property in the Moraira Area. Prices here actually started falling in 2004, due to competition from other areas during the boom, and now seem to have stabalised with renewed interest in the area.
I actually started my own survey about which areas would be most likely to survive the
Spanish Tourism and Real Estate Crisis. From the little response I got the Costa Blanca North area is well ahead.
Perhaps Webmaster will agree to consolidate the two surveys.
Homefinder
