Spa Valley 1 & 2
According to the recent statistics from the Murcia Tourist Board the occupancy rate for Balnearios where Spa Valley 1 & 2 are situated was 59.89 % for year to April 2006
This is great news for thise who purchased in the Spa development.
The total number of visitors to the area was 4572 with an average stay of 4.25 nights. 4292 Spanish and 280 foreigners visitors visited the area in the year to April 2006.
Based on the above figures and taking on board the fact that the new airport Covera in construction, is soon to be completed this area should open up to the international market.
When the development is completed and the rental and management company get established with the tour operators one should expect to earn good rental yields from their apartment.
Based on the average rate per night in the three spa hotels of €100 and taking this at the average occupancy of 59.89% the gross income on a 2 bed apartment could be approx € 21,500 pa, taking costs at 50% approx this would leave €10,750 to pay the tax and mortgage. This is only an estimate and the actual returns will depend on the efficiency of the management and rental company running the development.
As there are only a few apartments left if one is interested in purchasing an apartment in this development they should contact Aquarius Properties now and reserve an apartment.
Noreen Hynes
Managing Director Aquarius Properties
July 2006 Contact info@aquariusproperties.com