Thursday, November 26, 2020
Home Companies Rayet Receive...

Rayet Receives the Green Light to Build the Largest Artificial Beach in Europe

The company has obtained the go-ahead to build its Alovera Beach project, the largest urban beach in Europe, located just 50 kilometres from Madrid.

The General Directorate of the Circular Economy of Castilla-La Mancha has authorised the construction group Rayet, led by the president of Quabit, Félix Abánades, to launch its project to build the largest artificial beach in Europe, just one hour from Madrid.

Specifically, the body from the Junta de Castilla-La Mancha has issued a resolution in which it indicates that the project to build Alovera Beach, which will be the largest artificial urban beach in Europe and the first dedicated to public use, does not need to be submitted for an Ordinary Environmental Impact Assessment. That is because the project is not expected to have any significant effects on the environment, as can be seen from the environmental measures included in the plans presented by the Rayet construction group, as revealed by La Nueva Alcarria and confirmed by company sources speaking to Brainsre.news.

Read the full article in Spanish.

B-Exclusives

Madrid’s Salamanca Neighbourhood Resists Covid With No Price Decreases

The prices of commercial premises and homes for sale in the prestigious Madrid neighbourhood have remained stable; whilst the price of residential rental properties fell by 5% in the third quarter.

The Prices of New Homes Resist Covid and Continue to Rise

New build apartments in the Balearic Islands cost more than 580,000 euros on average; meanwhile, in Madrid, they cost 412,000 euros and in Castilla La-Mancha you can buy one for 122,147 euros.

The 22@ District, the Epicentre of Barcelona’s Real Estate Market

22@ is one of the most sought-after areas in Barcelona: large developers are building new residential projects and the district has the second highest prices for leasing office space in the city.

The Rental Market in Spain: the Stock Increases and Prices Fall

The average residential rental price in Spain reached 10.2 euros per square metre per month in the third quarter of 2020 and so prices remain at record highs despite the Covid-19 crisis.

Latest news

Spain’s Economists Rally Against Rent Controls and Propose Alternative Measures

The Council of Economists in Spain is asking for the problem to be addressed with subsidies for the rental, construction and purchase of buildings to be used for social and affordable housing as well as for public-private collaboration.

Santander and Blackstone Put a Large Portfolio of Hotel Debt Up For Sale

Through their JV Quasar, the companies have launched the sale of a portfolio of loans from Banco Popular consisting of seven hotels and a shopping centre.

Spain is One of the Countries in Europe Where House Prices Will Fall by the Most, According to Moody’s

House prices will fall by around 2% in 2021 in Spain, France and Italy, but will start to rise in 2022. The residential market will suffer the most in the areas most dependent on tourism.

CHM Launches its First Construction Project: a Skyscraper in Benidorm

The 22-storey building will house 76 homes on the seafront of Playa de Poniente. The residential property is expected to be finished by the end of 2022.