Spanish property news

Thursday, 20th January, 2011

Great news for Spain in terms of future tourism and Murcia’s (and surrounding regions) property market.

Paramount Pictures were in Murcia recently to confirm that the new Paramount theme park will be built in the county of Alhama in Murcia. This will hopefully add a much needed boost to Murcia's property market.

It has been widely reported in recent months that the proposed site for the development could be situated on land adjacent to Polaris World resort 'Condado de Alhama' between Parque Natural Sierra Espuña and Parque Regional de Carrasco y El Valle.

Jesus Samper who is heading the development company hopes to build a theme park to compete with Disneyland Paris and one that will become a "European destination in itself". Michael Bartok, Senior Vice President for Paramount Licensing hopes to finalise detailed plans for the project by April 2011.

The proposed land is owned by a consortium of four Spanish banks (IRM). If confirmed, IRM will benefit from the increased value of the Paramount Murcia Theme Park project. Certain banks (CAM and Banco Popular) will also benefit from the potential increase in property value on nearby resort, which they own.

Reference Jump

Spanish Properties

Property Information

Properties by Region

Secure Transactions

Secure online reservations of plots and properties are available. Ask for your reservation code.