Tag: sale

Latest Gran Canaria News, Views & Sunshine

Menas Case: Foundation Siglo XXI directors allegedly filed false invoices, unrealistic expenses and repeatedly drew funds from ATMs, meant for the care of migrant children, even charging botox facial treatments and posh restaurant bills to foundation debit cards

A comprehensive analysis conducted by Group I of the Economic and Fiscal Crime Unit (UDEF) of the National Police yielded scandalous results, writes Spanish language daily Canarias7, regarding the alleged irregular use of the public funds intended for the care of unaccompanied minors, by the suspected to have been perpetrated by centres managed by the Foundation Social Response Siglo XXI on Gran Canaria and Lanzarote. In this case, driven by the Anti-Corruption Prosecutor’s Office, investigators discovered that the director of the Guiniguada centre charged the NGO responsible for €1,500 worth of beauty treatments and €1,113 for bills at top restaurants including Vinófilos, El Vasco de Vegueta, and Triciclo.



Centre-Right Pact Between Regionalists (CC) And Resident Conservatives (PPAV) Returns Marco Aurelio Perez As Southern Mayor

The conservative Partido Popular-Agrupación de Vecinos (PP-AV) and the right of centre regionalist Coalición Canaria (CC) have this Thursday signed a local government pact that will shape the future of the southern Gran Canaria tourism municipality of San Bartolomé de Tirajana. The alliance, dubbed a “Pact for Stability and Socioeconomic Progress of San Bartolomé Tirajana”, represents 60% of the votes cast in the municipality’s recent local elections, emphasised the  mayor-elect, Marco Aurelio Pérez (PP-AV), who returns for the third time to lead the local council responsible for some of the most important tourism areas on the island, including Maspalomas, Playa del Inglés and San Agustín.



Local Government Coalition Agreement Maspalomas and the South of Gran Canaria

A governing coalition pact has been finalised in San Bartolomé de Tirajana. The Popular Party–Agrupación de Vecinos (PP-AV) conservative residents party is to join forces with regionalist centre-right Coalición Canaria (CC) to govern the main tourist municipality on Gran Canaria for the next four years. Marco Aurelio Pérez will serve as mayor for the entire four-year term, and the Popular Party will take charge of Employment, Sports, Roads and Infrastructure, and Human Resources, among other areas. The regionalists, led by Alejandro Marichal, will oversee Urban Planning, Economy and Finance, and Tourism as their main departments.



Storm Óscar Latest: Government of the Canary Islands Declares Rain Alert for Western Islands and Gran Canaria

A storm system, dubbed Óscar, has formed over the last few days over the mid-north Atlantic, unusual for this time of year, and has led to concern from meteorologists and journalists as it passes south of the Azores, its tail should reach The Canary Islands, before the system heads northeast towards mainland Spain.  Advisory warnings have been issued in expectation of heavy rainfall, primarily in the Western Isles of the Canary Islands Archipelago, though some rainfall is also expected to reach Gran Canaria over the next couple of days.  It seems unlikely that any major consequences will stem from the bad weather, however these things can be unpredictable and so every precaution is taken to ensure people are informed and kept safe.



Foundation Investigated for Alleged Mismanagement of Public Funds Meant for Care of Unaccompanied Migrant Minors

The 7th Investigative Court of Las Palmas de Gran Canaria has opened a preliminary investigation into the Social Response Foundation Siglo XXI and four of its directors. The Anti-Corruption Prosecutor’s Office in Las Palmas filed a complaint against them, alleging crimes that could include forgery of commercial documents, mismanagement, and embezzlement of public funds. The investigation aims to determine whether this nonprofit organisation, and its officials, could have misused public funds intended for the care of unaccompanied migrant minors, during the migration crisis of 2020 that was precipitated by the pandemic confinement on the islands, leading to a build up of arrivals having to be assessed and cared for by the Canary Islands Regional Government, using hotels left empty due to the lack of tourism. The estimated amount involved in the alleged misuse stands at around €12.5 million between 2020 and 2022 on Gran Canaria alone.




Gran Canaria tourist accommodation worth 100 million euros now on sale

A raft of Gran Canaria tourist accommodation complexes, hotels and apartments, have recently gone on sale, in a further measure of the economic fallout from what is being called the “worst tourist crisis in the Archipelago” ever experienced. Losses of up to 83% of expected occupancy, air connections running at less than 40% compared to a year ago and an expected total arrivals to The Canary Islands of less than five million tourists this year, less than a million on Gran Canaria, compared to the more than 15 million to visit the archipelago in 2019, of whom 4.5 million visited Gran Canaria, along with many other associated issues, have all brought to bear terrible pressure on companies that survive and project their future business based on secure bookings, and which so far this year have been impossible to predict or count on.  Accommodation complexes are going up for sale on Gran Canaria, with tourist hotels and apartments valued at nearly one hundred million euros already on offer on property portal Idealista alone, writes La Provincia.
A hotel in Playa del Inglés is so far the most expensive on offer, at €31 million very near the beach. The property, according to the advertisement, is renovated and has all necessary facilities, with 185 rooms, all with balconies and sea views, distributed over six floors within a 11,600-square-meter plot. The cheapest currently on offer is just €850,000 and in the area known as Sonnenland. It is a complex of five duplex units, located on a plot of 506 square meters which includes a swimming pool. Each of the units has two bedrooms, living room, kitchen, bathroom and terrace.
On offer right now are mainly apartment complexes priced at ranges between €1,466 and €6,650 per square meter, averaging just under €3,000 per m2.
In Playa del Inglés, there is what is described as a small five-star accommodation, still under construction, that has capacity for six rooms, to which one more could be added in the future, being offered for €1.8 million with the project permissions and the license in place.  Where as just over €11 million will buy you a 4-star hotel in Playa del Ingles, with 100 rooms, reception, swimming pools and gardens.
There is also one available in the capital Las Palmas de Gran Canaria, near Santa Catalina park and Las Canteras beach, a hotel building project with seven floors and capacity for 40 rooms, on sale for €2.5 million. Though the building is currently closed and ready for renovation.

A drop in occupancy of 83%
The pandemic state of emergency started on March 14 resulting in zero tourism on the Islands. The sector has been struggling to recover ever since, with no clear end in sight due to repeated travel restrictions and resurgences in infections in various countries over the last eight months leaving many businesses closed.
The future for the sector is far from certain, with many predicting a deepening of the crisis expected to last well into 2021 and beyond as tourists, tour operators, airlines, hotels and other businesses struggle to adapt to a post pandemic world where the best method of keeping infections in check remains avoiding unnecessary travel, keeping away from groups and focus on social distance and moving forward slowly and with caution while trying to keep an unseen enemy at bay, and stopping infection rates from overwhelming health services while trying to learn to keep businesses open remotely and locally.  We can expect the entry of more tourist properties to the sales market over the coming weeks and months.