A lot is happening in Nerja - Seven-star hotel in the works - Spanish Properties

The hotel will be placed in a magnificent setting

Little charming Nerja, which is being discovered by more and more Scandinavians, currently has a very affordable housing market. This is due to several factors, including the high unemployment in the area. However, a lot is happening in Nerja that will provide jobs and strengthen the area's economic traction.

[update January 2014: Now HD has finally given the go-ahead for the construction of the new golf course, as well as a new area for holiday homes and the go-ahead for luxury hotels. The problem in Nerja at the time of writing, however, is that the supply of the most attractive homes has thinned out considerably because no new buildings have been built for a long time. If you are going to buy in Nerja, you should do it as soon as possible before the prices rise significantly.]

Among other things, another golf course is being built, there are plans for a new marina, a hyper-modern sewage treatment plant and not least the construction of Spain's first seven-star hotel ! It is the Banyan Tree Hotels & Resorts that plans to have the facility ready as early as 2013 if all goes well.

The seven-star hotel, which will be called Bahía Fenicia , is estimated to cost 230 million Euros to build. But then it's also about 13,000 square meters of senseless luxury.

The caves in Nerja

The location of the hotel will be the scenic Paraje Natural de los Acantilados de Maro- Cerro Gordo . Business life in Nerja is jubilantly happy about the construction of the luxury hotel, and considers it the biggest thing that has happened to the town since the discovery of the now world-famous caves or the filming of the blockbuster movie "Verano Azul".

Nerja overall offers many unique experiences with its proximity to the sea, clean beaches and skiing in the Sierra Nevada just an hour's drive up the mountains. In addition, the area is considered to have the best climate in Europe, and is known for having managed to preserve genuine Spain in its cityscape.

For those who have just bought, or are in the process of buying, a property in Nerja, this is very good news. With great probability, an apartment or house in Nerja is among the best future investments you can make on the Sunshine Coast. Overall, a lot of positive things will happen to the eastern parts of the Sun Coast in the near future.

For those of us who have thought about buying in the area in a few years, like the author of the article, it creates some concern about how the prices will look in the future.
The risk is that the housing market in Nerja will be too expensive for the common man. But we're not quite there yet. Here and now, the prices for apartments and houses are, as I said, very good in Nerja. Read also: Guide to Nerja. How holiday homes through us in Nerja. Here you can book cheap hotels in the area. Cheap flights to nearby Malaga.

Spanish Real Estate - Brokers in Nerja and Malaga

There's a lot going on in Nerja - Seven-star hotel in the works