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Monday, March 20, 2006

Valencia Life. 20.3.6
PROTEST AIRED
The coordinator of those protesting the creation of a new 1,500-home urbanization and an 18-hole golf course between Banyares and Bocairent straddling the borders between Alicante and Valencia Provinces has just released a new study on the project. Based mainly on the water needs, the study showed that the needs of the urbanization and the golf course would amount to a million cubic metres of water annually, whilst in the summer the golf course would need 3,000 cubic meters of water a day. As a result, the water supply of the two towns 'would be severely affected' the report added.

Brits seeking out?
Meanwhile, an article in the Sunday Times of London yesterday revealed that Britons 'are desperately seeking to get rid of their properties on the coastal areas of Spain'. The article added that there had been a 40% drop in the calls for Apartments from the British sector that generally paid 10% less this year for the same apartment than in 2005. These figures were also borne out by a recent Bank of Spain study that showed that foreigners investing in housing in Spain fell by 15% last year.

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