Monday, December 22, 2008
Noia-Tunnel-Mayor
We have just found out that the mayor of Noia is a cousin’s of my wife’s cousin’s husband.
That is probably of no relevance at all, but at least it starts off this blog.
Property in Galicia
Property prices in Galicia have yet to show any real sign of falling and, when it comes to older houses, I doubt that things will change.
There may however be some deals on the horizon if you are looking for an apartment.
Apartment building has rocketed over the last 5 years and many Galician towns now have a surplus of new apartment buildings with no buyers.
As yet prices are holding, but sales are not there and the property crash of the south is steadily moving north. I would guess that the prices of apartments in Galicia will fall by up to 30% by the end of 2009, so there will be deals to be had over the next few months.
I have mentioned the clean up of the Noia estuary and also the problems with the bypass, but another development is the “potential” building of a tunnel from one side of the Noia estuary to the other.
The plan is for the tunnel to be just beyond Noia town (which will not ease the traffic jams), but it would cut “round-the-ria” travelling time down – if it does go ahead.
No doubt there will be protests, counter-plans and all the other superfluous stuff before it is ultimately rejected.
That is probably of no relevance at all, but at least it starts off this blog.
Property in Galicia
Property prices in Galicia have yet to show any real sign of falling and, when it comes to older houses, I doubt that things will change.
There may however be some deals on the horizon if you are looking for an apartment.
Apartment building has rocketed over the last 5 years and many Galician towns now have a surplus of new apartment buildings with no buyers.
As yet prices are holding, but sales are not there and the property crash of the south is steadily moving north. I would guess that the prices of apartments in Galicia will fall by up to 30% by the end of 2009, so there will be deals to be had over the next few months.
I have mentioned the clean up of the Noia estuary and also the problems with the bypass, but another development is the “potential” building of a tunnel from one side of the Noia estuary to the other.
The plan is for the tunnel to be just beyond Noia town (which will not ease the traffic jams), but it would cut “round-the-ria” travelling time down – if it does go ahead.
No doubt there will be protests, counter-plans and all the other superfluous stuff before it is ultimately rejected.
