Tenerife – TF1 Motorway Extension Progess Photos

Since our first blog post on the TF1 extension, construction evidence is not hard to see on the stretch between the Armenime roundabout running out towards Los Gigantes. The first part of the motorway to Los Menores has been open now for several months. Works on the slip road to Fonsalia which will eventually connect with the new port stopped at the end of 2009 due to funding problems although much of the hard work had already been done.

We are now seeing the route take shape and if you look on Google’s satellite imaging, even though it is not up to date, you can see construction of various sections of motorway in progress. When Google update the imaging it may be possible to see the exact route of the motorway which seems to have been a closely guarded secret.  No chance of buying up land in line for compulsory purchase at this stage and anyway many, of the locals are saying compensation payments were not that great.

Construction of this motorway is no mean feat because of the number of barrancas and ridges along the route. Millions of tons of earth and volcanic rock have been moved to slice a route through the ridges and that material has been used to elevate some of the dips. In the following photo you can see how they construct a modular concrete wall to retain the rocks, it looks awfully thin when you look closely, no more than 150mm, but it seems to do the job and it blends in quite well with the surroundings. You can click on any photo to see an enlargement.

Here is another photo showing a large section of elevated motorway on the slip road to Fonsalia, you can see the motorway will rise to cross a bridge on the right but this view has not changed for almost a year now because work stopped.

What is even more amazing is how they construct the bridges across the barrancas, as you will see in the following photo. In this location they constructed a huge column in the middle of the barranca and spanned out a steel bridge which is being used to crane the concrete sections of bridge into place. How they fix them together is not clear, credit to the Engineers for sorting that out.

The concrete bridge modules are prefabricated and transported to the bridge location on trucks.

The TF1 motorway extension is quite a project due to the topography of Tenerife and completion will be quite an achievement and of grat benefit to the island.

Eventually the TF1 motorway will extend around the entire island to link up with the motorway serving Puerto de L Cruz. That will make travelling around Tenerife much easier and completion is eagerly awaited to reduce journey times.

Read our first blog post about the TF1 motorway

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Blog posted by Expedia Property SL – Tenerife Estate Agents for  Tenerife Bargain Property

Euro Pound Exchange Rate Report – 25th October 2010

Pound Euro Exchange Rate Report – 25th October 2010

In a week which saw Wayne Rooney take most of the headlines it was almost forgotten that Chancellor of the Exchequer George Osborne had stepped up and spoken about the radical changes he was going to implement to government spending.

Fiscal deficit in the UK is up at a whopping £178 Billion and while cuts are absolutely essential it is going to hit the spine of Britain a lot harder than first thought. The coalition Government has to be very careful that they don’t drive the British economy into another deeper and darker recession.

While Osborne was speaking we saw little movement on the currency front with Sterling moving just 30 pips either side of 1.1342 for the duration of his speech.

The Pound simply did not budge and despite the hype which led up to the spending cuts more was made in what the BOE had to say when the MPC released its October minutes. The report contained few surprises it just looks like more QE (Quantitative easing) on the way. Adam Posen decided he  wanted  rates to remain the same but hike up the QE programme from £200 Billion (just to be different), and for a change Andrew Sentence wanted base rates up to 0.75% and with QE to be maintained at £200 Billion.

It is surprising that the Greek debt crisis which created huge strains on the main powers of Europe has still not deterred Foreign Investment from the Euro Zone. Is this because investors see Britain as a risky investment prospect, trying to stay afloat but struggling? These bold measures taken by our new government may kick start the pounds revolution against the Euro.

Those intending to buy Euros in the future may want to look at taking advantage sooner rather than later.

If you have yet to open a trading facility to gain access to commercial rates of exchange click here to open an exchange rate account today.

Blog posted by Expedia Property SL – Tenerife Estate Agents for Tenerife Distressed Property Sales

2 Bed Apartment Seguro del Sol Playa de La Arena

This is an unusual apartment on the Seguro del Sol complex in Playa de La Arena near Los Gigantes. It started out as a two bed apartment but was converted to increase the living space but could easily be restored to a 2 bed unit. At the time of the conversion, the apartment was completey refurbished.

The bedroom is large, the lounge has patio doors leading out onto the terrace with amazing sea views. The new kitchen is open plan to the living area and the quality furniture is also included.

Seguro del Sol has a large heated swimming pool with plenty of sunbathing areas, a childrens pool, tennis courts and many other facilities for residents. Very close to the main beach area, Playa de La Arena is famous for it’s attractive beach.

The price is €247k, visit our webpage to see all the details of this Apartment in Playa de La Arena

Mortgage available subject to status.

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4 Bed Apartment for Long Term Rent in Los Cristianos

Ed Andalucia – 4 Bed Apartment for Long Term Rent in Los Cristianos, 2 Bathrooms furnished, near the post office and school. €700 per month plus bills. There are two double bedrooms, one has an en-suite bathroom and the other two bedrooms are singles but not a bad size.

If you are interested in viewing this please contact us on 922 138 791 or 691 239 403.

Blog posted by Expedia Property SL – Tenerife Estate Agents for Tenerife Property including Sales and Tenerife Long Term Rentals and Letting

Coasta del Silencio Chayofita Bargain Tenerife Apartment

Costa del Silencio, Tenerife bargain Tenerife apartment on the Chayofita complex.

Yes, classified as a bargain, this 2 Bed Apartment on the Chayofita complex in Costa del Silencio, is priced to sell quickly. Rarely would a two bed apartment be available anywhere in south of Tenerife at such a low price.

The apartment is respectable but has scope for undertaking DIY improvements to enhance the value. It has 2 bedrooms, living area, kitchen and utility area and a bathroom, there is also a large sun terrace.

Chayofita has 3 swimming pools and community gardens, it is also close to all the local bars, shops and restaurants and the coastline of course. Costa del Silencio is gradually being upgraded to this is a good location to buy at a very good price.

See our webpage for this Bargain Tenerife apartment the price is only €59k

The owner is offering a private mortgage, subject to status.

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El Chapparal Bargain Studio Costa Del Silencio Tenerife

Judge for your yourself if these studios on El Chapparral in Costa del Silencio are a bargain at €35950, do you need to read that again? Doubtful whether you could buy a cheaper bargain studio anywhere in the south of Tenerife. They are on the upper floor and you even have a choice if you are quick.

These apartments have just been refurbed, 36 square metres internal and a 6 square metre terrace. Community fees include water, electricity and the swimming pool upkeep of course.

Costa del Silencio was one of the first resorts in Tenerife south and a great deal of money (millions) is being spent on rejuvenation so popularity will increase. There is also a new marina and enhanced promenade being provided for the neighbouring village of Las Galletas. This whole are is on the up so property prices will rise.

These Bargain studios are less than €36k, see all the details of this Bargain Studio in Costa del Silencio.

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Bargain Studio apartment for sale on Port Royale Los Cristianos

This bargain studio apartment on Port Royale in Los Cristianos was reasonably priced in the current market at €83k, now it has reduced to just below €70 it is a real Tenerife bargain.

It is on the ground floor of this popular resort complex and measures 35 square metres internally but it has a very large 19 square metre terrace. To be honest, it does not have the best view but that is now reflected in the price. The apartment has an open plan living area with kitchen and a bathroom.

Port Royale has an on site reception which is very handy if you are holiday letting, or for friends and family to collect a set of keys. There is a nice swimming pool with sunbathing areas and it is close to all the most popular bars and shops of Los Cristianos.

Visit the main web page to see all the photos of this Port Royal Studio in Los Cristianos

Generous mortgage available subject to status.

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Apartment, steps from the beach in La Caleta in Tenerife

Steps from the beach, this 2 Bed Apartment for sale in La Caleta, Tenerife a small traditional canarian fishing village sitting on the fringe of up market Costa Adeje. La Calheta is a wonderful place to promote your quiet life in Tenerife yet it is only minutes from the best tourist trappings Tenerife has to offer.

This 2 bed apartment for sale in La Caleta is considered to be one of our best buy Tenerife bargain properties, only a 30 second walk from the beach. Generously sized at 64 square metres it has two bedrooms a bathroom, lounge dining area open plan to the kitchen and there is also a balcony. Being sold fully furnished, it is steps away from everything this pretty harbour village has to offer.

See the main web page for this wondferful apartment in La Caleta for more details, the price is only €129k.

Blog posted by Expedia Property SL – Tenerife Estate Agents for Tenerife Bargain Property

Contemporary Villa for sale in Playa del Duque Costa Adeje

This contemporary 3 Bed villa in Playa del Duque on the Costa Adeje in Tenerife has wonderful coastal views, it is brand new and has never been lived in.

The 3 bed, 2 bathroom villa has a large lounge and kitchen area and patios doors leading out onto one of the many terraces, this one is the largest with an infinity pool. Beneath this patio area there is a large void which could be converted into further living space or two bedrooms. The master bedroom with a large terrace and en-suite bathroom. There is aslo a garage with parking space for 2 cars.

This contemporary villa has been greatly reduced and it is well below the price of similar properties in this area of Playa de Duque, it was €900k.

Visit the main web page for this Villa in Playa del Duque to see all the photos, the price has been reduced from €900k by over €200k.

Mortgage available subject to status.

Blog posted by Expedia Property SL – Tenerife Estate Agents including Tenerife Bargain Property

Euro Pound Exchange Rate Report – 11th October 2010

Pound Euro Exchange Rate Report – 11th October 2010

The British Pound continued to fall against the Euro last week setting fresh 6-month lows on the back of weak economic data and Euro strength. Inflation remained stubbornly above the BoE’s target and it is worth noting that it’s unlikely to weaken in the near term as the recently proposed VAT increases may continue to keep inflation around the current levels, additionally unemployment claims advanced for the second straight month in September, and posted the largest increase in eight months. The Euro on the other hand is receiving support from the weakness seen in the USD; mixed economic data releases last week however, have so far not unsettled confidence in the single currency.

Quantitative easing concerns are weighing on Sterling; the recent comments by several of the central banks policy members have only served to increase speculation. Committee member Adam Posen argued for a second round of quantitative easing with support from Prime Minister David Cameron as Mr. Cameron said he would look to monetary policy to support growth alongside fiscal tightening (government budget cuts and tax rises) to reduce the deficit.

An important upcoming week of German and broader European economic indicators should dominate any event-driven moves for GBP/EUR. Key focus for Sterling will be on the BoE’s meeting minutes on Wednesday and retail sales on Thursday. For Europe, attention will go to the often market-moving German ZEW business confidence indicator on Tuesday however please see our market data section below for a more concise roundup.

Commercial rates of exchange and outstanding market knowledge will help you maximise the value of your Sterling, and with volatility persisting between GBP/EUR it would seem prudent to contact your dedicated currency broker in order to avoid any unfavourable market movements.

All these factors emphasise the importance and necessity to remain in close contact with your currency broker, as, evidently the market will remain volatile as the week progresses. The smallest change in exchange rates can lead to huge differences in transactions, so utilising the knowledge and professionalism of a currency broker can help to save you thousands of Pounds.

If you have yet to open a trading facility to gain access to commercial rates of exchange click here to open an exchange rate account today.

Blog posted by Expedia Property SL – Tenerife Estate Agents for Tenerife Distressed Property Sales