Paramount Murcia: How Exactly Does It Impact the Property Prices?

With the Paramount Murcia theme park set to open in 2015, property investors in the place are preparing to reap the many advantages of a world-class theme park which is set to bring in about 3 million of visitors yearly. To learn why the Paramount Murcia theme park will be so substantial on property or home price tags, let us first obtain some background.

Originally, the theme park was regarded as financed by Paramount Pictures Spain. In fact, all they'll conduct is issue a Paramount license. The real investors are the state government of Murcia and a group of investors who call themselves Santa Monica Financial Services, SA. As a result of licensing, the park will be Paramount themed and this alone is expected to attract lots of visitors.

The theme park is expected to open in 2015 and so real estate investors have approximately 3 years to create investments which they can turn over profitably if the park opens. Anyone that owns property or home in the area can assume that its price will surely raise after the park is open. Of course the longer investors wait to acquire property or home the more they'll have to pay.

The park is expected to be the place to find Paramount Pictures production throughout Europe. In other words, Murcia would be the Hollywood place for Paramount in Europe.

You will see a lifestyle facility which is expected to contain residences, offices, resorts, gambling houses, night bars and much more.

The area is currently rich in tourism. It's currently the place to find Spanish tradition, golfing areas and lovely beaches which all draw in a lot of visitors yearly. Simply because some of these do not want to make use of hotel lodging but prefer to stay in private villas, the property values in the area have been very healthy. This is anticipated to get a lot better when the theme park opens.

What does all this mean for property or home investors in the area?

It isn't difficult really so long as the park has the capacity to entice visitors, they'll require accommodation. Since the shorelines of Spain draw in numerous family vacation goers, investors who provide a home-away-from-home type of lodging can make a lot of money from their real estate properties. Today, there are 2 choices which investors have. They could keep their real estate properties until the park is drawing visitors. This will push property costs up and at this time, property owners could sell at a profit.

The next choice is to carry on to the property and rent it out to tourists, that are looking e.g. for a property in Camposol, Puerto de Mazarron, Isla Plana or Mazarron, which are close to the park. This will entail some management with regards to making sure that the villa is in fine shape, that it's occupied as much as possible and making sure that guests are comfortable. All that considered, they're bound to make a lot of money in lodging fees.

Whichever option they take, investors in real estate properties in the Murcia place will make money. If you do not have a property in Murcia which will allow you to utilize this specific opportunity, the time to acquire one will be now.