Sunday, May 2, 2010

Marbella property to benefit from redevelopment

The city council of Marbella is trying to promote investment in the city by introducing new property rules and improving infrastructure. The plans have been welcomed by developers in the city that the redevelopment will attract an increasing number of foreign investors.

Property companies have given their support to the latest plans of Angeles Munoz, The mayor of the popular tourist destination who has introduced new property rules to develop the Spanish city of Marbella. Property sales in Marbella are already showing increasing trend, as in the first three months of 2010 a 200 per cent sales increase was seen in comparison to the same period last year.

Ms Munoz told Overseas Property Professional that they have huge opportunities for international tourists that provide fantastic experiences. Without resting on the laurels, they will continually improve the city.

She commented: "Our objective is that through this new initiative the infrastructure, services and strategic plans will establish the character of Marbella as an important European city."
The City Council, through the municipal delegation of Tourism, has launched an advisory group, called “Think Tank Advisory Group”, with the aim of bringing together the international business sector in Marbella and to advance economic development in the town and its surroundings. The “Think Tank Advisory Group” comprises representatives and foreign business groups in the area, among which are the Center for Tourist Initiatives (CIT), the British Chambers of Commerce and German-American Club and Dutch Business Club.

“The group will develop joint actions to achieve integration between the business community and foreigners resident in Marbella in the first phase and then address Spanish business in the second phase”, stressed the Councilor for Tourism, José Luis Hernandez.

He said that 137 nationalities living in Marbella “must be integrated to become a rich resource, not an element of division”. It will also develop networking initiatives, such as golf tournaments, “which will allow the City Council set the stage for the business has a permanent and direct contact.