 THE COSTA DEL SOL / SPANISH PROPERTY MARKET NEWS
On 24 April 2007 a long expected correction took place in the Spanish stock market, where significant falls were recorded as the value of shares in many leading construction and property groups depreciated.
Within hours, Chris McCarthy personally and VIVA Estates generally were inundated with requests to comment on the market, from a wide variety of media from the Financial Times, BBC Radio 4 and other national and local press, to web forums and online communities, such as the highly regarded Eye on Spain website.
So diverse were the questions posed that the Company decided to present an issue by issue response, to help quantify and clarify the real story behind the headlines circling the world. The response from VIVA Estates is presented by Managing Director Chris McCarthy.
Read on, or download and save this press release in PDF format - click here >>
Personal statement by Chris McCarthy:
Who am I to comment?
For almost 20 years I have lived on the Costa del Sol, working exclusively in the property market. Ten years ago, in 1997, I outlined a business concept for, and founded VIVA Estates. Since then we have sold over 8,000 properties and have become by far the largest listing and multi-branch agent in Southern Spain, serving both pan-European and local clients.
During that time I have witnessed an impressive and total transformation of the Costa del Sol, a metamorphosis which has been gaining momentum since the early days of package holidays to Torremolinos back in the 60s.
I can state unequivocally that the Costa del Sol is a completely unique environment both in Europe, and in Spain itself, not simply with regard to property ownership but more importantly its long-term development of infrastructure and investment which has genuinely made the region the California of Europe.
It would be simplistic in the extreme to view the real estate market here in the context of one day’s activity on the stock market, or across one or two years’ rise or fall in overall property sales.
There is a much bigger picture than that, and I would hope I speak not only for VIVA Estates, but for the much wider community of people who, like me, are successfully, happily and permanently working and living life to the full in Southern Spain.
The main issues and topics covered herein are:
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For more information on the topics in this article, get in touch with VIVA and find out more!
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