Spain

Current bad news

No surprise to anyone with property in the area;

President Valcárcel dropped a bit of a bombshell this week as although Hacienda has approved the transfer of the San Javier airport customs point to Corvera Airport, delays in obtaining licenses mean that Corvera airport will not begin operating fully until Summer 2013.

Or that;

Then on top of that, Premursa announced that they too were undergoing some "complications" with their attempts to buy the third plot of land earmarked for the Paramount Park site in Alhama, so will cut the land out of their plans altogether and reduce the scale of the complex accordingly, although the actual park element will remain the same size.

On top of that we´ve had major drug hauls in Mazarrón and crates of oranges, U-Boot torpedoes turning up in fishing nets, bodies in wells, fuel price hikes, cigarette price hikes, massive budgetary cuts and depressing unemployment figures.

But never mind, the "Paramount Factor" has positioned Murcia as number 22 in the World's hottest property investments league table, even though the region's own promotors say punters aren´t looking at Murcia because "nobody knows where it is."
err, in Spain?