EWN
GETS IT
.com
ISSUE NO. 1518
EWN FRONT EXTRA
Fireworks in demand ELCHE has awarded 26 new licences for the sale of fireworks ahead of the city’s Nit de l’Alba celebrations, which take place on August 13.
Boat accident A MAN was admitted to Intensive Care with head injuries after the canoe he was in was hit by a pleasure boat off San Pedro del Pinatar.
Bisbal hater A SAN JUAN councillor has apologised for saying he wanted to ‘gun down’ popular singer David Bisbal. Cesar Vilar criticised him on social media sites but after several apologies managed to keep his seat on the council.
TRUST
our advertisers
WE DO!
7 - 13 AUGUST 2014
WWW.EUROWEEKLYNEWS.COM
Costa Blanca top for foreign house sales THE Costa Blanca is leading the way in foreign housing investment in Spain. Alicante has established itself in the first half of the year as the Spanish province with the highest appeal for Europeans who want to buy a property outside of their home countries, absorbing almost 40 per cent of sales with a total of 4,267 purchases made, almost twice that of Malaga on the Costa del Sol. However, according to figures from the National Institute of Statistics (INE), these new homebuyers do not reside in the area, with many using their second home for just 60 days a year. This generates revenues of €8,380, almost three times less than the average of what European permanent residents spend during the course of the year.
The report said: “The limited use of housing by foreigners for holidays shows that potential revenue is being lost.” There is some concern that this under-utilisation of housing by foreigners is causing deterioration of urban areas.
The data showed that with regards to time-frames, it took between 10 months and two-anda-half years to sell a property. However, experts have said the situation has now started to change due to the demand generated by foreign investment.