Castle Asia Share Discussion Threads

[waldron] 31/7/2011 09:02

cheers miata

they could name it

GANGSTERS GETAWAY

[miata] 30/7/2011 09:36

EasyJet to have new Spanish routes from Southend Airport

From April 2012 EasyJet will run routes to Alicante, Barcelona, Ibiza, Malaga and Majorca. Other routes are Belfast, Amsterdam and Faro in Portugal.

[miata] 29/7/2011 11:53

RTRS-SPAIN GOVT TO DISSOLVE PARLIAMENT SEPT 26, CALL GENERAL ELECTIONS NOV 20 - SOURCES

[praipus] 19/7/2011 14:46

From the website, for future reference.

Enquiries

Please forward all enquires to the below address, alternately you can
telephone a member of the liquidation team on [phone] or
email [e-mail]

AC Paxton & RJ Kirkby, Liquidators
Castle Asia Alternative PCC Limited (in voluntary liquidation)
PO Box 20
20 New Street
St Peter Port
Guernsey
Channel Islands
GY1 4AN

[waldron] 16/7/2011 16:41

Mallorca is the biggest of the four islands in the Balearic Isles that offers everything you could wish for in a holiday. From long, golden beaches, tiny coves, mountains and remote villages to windmill-dotted plains; all year round enjoyment. Palma is the capital and occupies a seafront location. The old town has a cathedral and a maze of narrow streets. The views from Bellver Castle are breathtaking. There is a wide variety of bars, restaurants and nightlife in Palma. The Bay of Palma is the playground and consists of a crescent of white sand. On the western side of the island is Magaluf the place to party, where clubs are open all night and parties don't stop. As a resort it also offers an outstanding sandy bay with water sports. Ample shops line the tightly-knit streets and a wide selection of bars and restaurants will keep everyone happy.



Mallorca Package Holidays



Mountains in Mallorca


On the west coast are the resorts of Valdemossa, famous for its monastery and Deya, a picturesque village renowned for its music festivals and as a retreat of Robert Graves, the poet. The wonderful views in the area comprise of sheer cliffs and wooded mountains, characteristics familiar with the northwest of Mallorca.



It's totally amazing how each part of this small island is so different.



Traditional costume in Mallorca




Mallorca guide

A-Z of places in Mallorca

Holiday rentals in Mallorca

Hire a car in Mallorca

Golf in Mallorca

Hotels in Mallorca

Plan a holiday to Spain

See the airports of Spain

National Holidays of Spain

Explore Hotels in this area



Videos of Mallorca



Explore Balearic Islands

Explore Formentera

Explore Minorca

Explore Ibiza






More relevant features

Getting married in Mallorca

Mallorca weather

Palma International Airport

Geography of Spain

A-Z of places in Spain





Property related

Buying property guide

Insure property in Mallorca


Moving to Mallorca

Moving to Spain guide

The cost of living in Spain

Mortgages in Spain


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Cala San Vicente is one of the most peaceful resorts, a small village with superb, sandy coves, separated with a rocky headland. There are only a few bars and restaurants here although they are very lively. 11km away is Puerto Pollensa. At the north of the island, it is formed around a large, natural bay with a small marina and long, sandy beach. An ideal resort for families. Just below here is Alcudia, where you will find one of the most beautiful and largest sandy beaches on Mallorca. Alcudia has grown around a thriving fishing port and has now developed into a bustling family resort with restaurants, bars, shops and an aqua park. In total contrast, a few miles inland is the old walled town, steeped in history.
Alcudia


In the southeast is a former fishing village by the name of Cala d'or. It now hosts Mallorca's largest holiday community. Here you will see typical, white Spanish buildings set amid greenery, pedestrianised lanes and an elegant yacht marina, surrounded by numerous beaches. Ca'n Pastilla , east of Palma is one of the most heavily built-up resort areas. It lies close to the Son San Juan Airport. The yacht harbour here can house over 500 vessels. The two mile long stretch of beach between here and El Arenal has more than its fair share of the island's hotels and attracts record numbers of bathers to the beach. Here you will find holiday makers of every nationality and as the night falls, the parties begin - right through till daybreak.
Palma Cathedral



When on the island of Mallorca, you must see the world famous Caves of Drach (Caves of the Dragon). Here you will trek underground through over a mile of giant caverns. At the bottom is the highlight - a massive underground lake, lit up with coloured lights. take your seat in the purpose built auditorium as a string orchestra floats by on tiny, illuminated boats. Part of the journey back to the top is by boat. The caves attract hundreds of thousands of visitors every year and can be very crowded in the summer months. The caves are located on the east coast of the island, near Porto Cristo, a wonderful fishing resort. The ruins of the hilltop Santueri Castle is worthy of a mention, dating back to Roman times.
The beach at Soller



When to visit the island of Mallorca
Like the other Balearic Islands, Mallorca enjoys a moderate climate all year round. A wall of mountains running along its northern coast protects it from cold winds. Although cooler than summer, in winter the weather is quite acceptable. The island boasts about 300 sunny days per year with an average of 5 hours sunshine each day in the winter and 10 hours in the summer.

Getting to Mallorca
By air from major European cities there are daily non-stop flights. There is an enormous choice of package holidays arranged by tour operators which include flights and accommodation. By car, there are many ferry links to France and Santander in Spain. During peak season you are advised to make firm reservations.

[miata] 15/7/2011 10:52

Five Spanish banks have failed the European stress tests – Caixa D'Estalvis de Catalunya, Tarragone I Manresa, Banco Pastor SA, Caixa D'Estalvis Union de Caixes de Manlleu, Sabadell I Terrassa, Grupo Caja3 and Caja de Ahorros del Mediterraneo.

[waldron] 19/6/2011 09:28

CHEERS MIATA

[miata] 19/6/2011 09:18

Analysts at UBS have warned that eurozone banks are "particularly exposed" having not done enough since the crisis to cut their reliance on the wholesale funding markets and remain acutely sensitive to the withdrawal of liquidity from the inter-bank market.
Simon Adamson, a banks analyst at CreditSights, said it was clear many eurozone banks had been having trouble funding themselves for several months.
"Clearly there are some banks that are finding it difficult to access markets. I think this is a long term sign of the way the markets are going," he said.

Spanish banks have become the main focus of market concerns with the latest European Central Bank (ECB) figures showing that Spanish banks have been forced to increase their use of ECB lending facilities and borrowed a total of €58bn (£51bn) in May, up from €44bn in April.
"We have been amazed at the ability of Spanish banks to find ways to fund themselves, but it is clear they are running out of options," said one senior analyst at a major investment bank.

[miata] 30/4/2011 11:37

Spain's unemployment rate jumped in the first quarter of this year to 21.3 per cent, a eurozone record and the country's highest level since 1997, with more than 4.9 million people now out of work.

Joblessness during the January-March period jumped one percentage point from 20.3 per cent at the end of 2010, and adds pressure on Spain as it tries to recover from nearly two years of recession and convince investors it can handle its heavy debt load.

[maxk] 26/4/2011 20:40

90-100% mortgages attract Nu mugs to a sinking market....all bank approved, cos the banks are holding the paper, try it on a re-sale.




By Sarah Kendell | April 26, 2011 8:19 PM GMT




A steady supply of cut-priced homes in high-yielding tourist areas has sparked British buyers' interest in purchasing a Spanish property once more, says international property portal Rightmove Overseas.

According to the UK-based website's latest traffic figures, the number of users enquiring on homes in Spain has risen for the second month in a row. Spanish property enquiries increased 1.2% between February and March, with the region of Valencia proving a particular success with a whopping 166% rise.

"Buyers looking for reduced price properties in traditional lifestyle and holiday hotspots have been notable during March", said Rightmove's head of overseas sales, Shameem Golamy. The 90-100% finance offered by leading developers in a bid to entice skittish buyers back to the market is presenting an unmissable opportunity for many, and with the spring holiday season now in full swing, buy to let investors are realising just how lucrative their investment could be.

Properties situated within golf resorts are also proving a particular drawcard amongst the renewed surge of buyer interest, says locally based agent Taylor Wimpey de Espana. The firm has seen a 121% increase in enquiries for its range of new-build golfing properties in popular holiday destinations such as Mallorca, 57% of which were Brits. "Without doubt in a holiday home destination such as Spain, properties on golf resorts offer more for the buyer", said sales director Ignacio Osle. "You tend to find a greater range and quality of facilities such as the club house, restaurants, shops and leisure amenities, and of course the golf courses themselves."

[praipus] 18/4/2011 10:54

From the circular.

Suspension of Shares from trading on the London Stock Exchange
and suspension of the listing of the Shares on the Official List* 18 April

Expected first cash distribution to Shareholders* during July

Cancellation of listing* by 7.30 a.m. on 18 April 2012

* Should the Continuation Resolution not be passed and the Winding-up Resolutions be approved by Shareholders

[miata] 29/3/2011 11:17

Moving to Spain?
You are cordially invited to attend one of the following seminars, which will provide an understanding of the financial implications of moving to Spain including your pension, tax and money transfers.

Session E
Date & Time Thursday, May 05, 2011 - 10:00 AM for 10:30 AM until 12:00 PM

Session F
Date & Time Thursday, May 05, 2011 - 1:30 PM for 2:00 PM until 3:30 PM

Session G
Date & Time Friday, May 06, 2011 - 10:00 AM for 10:30 AM until 12:00 PM

Session H
Date & Time Friday, May 06, 2011 - 1:30 PM for 2:00 PM until 3:30 PM

Location LONDON - The Daily Telegraph Offices - SW1W 0DT

[tommyttrades] 28/3/2011 13:41

Maybe some relief for those with mortgages.


"MINIMUM LEVEL CLAUSE":

Asociación de Usuarios de Bancos, Cajas y Seguros (ADICAE) has proposed a congress to discuss a limit to such clauses.

It is estimated that between 10% and 20% of property repossessions would not have been necessary if the clause did not exist.

It is expected that in April all banks and savings banks will be forced to remove the ground clause, which will effectively mean mortgage holders will be paying exactly what they signed up for, Euribor plus a percentage, which generally ranges from 0.5% to 2%

Nearly four million mortgages in Spain are subject to the controversial ground clause, which means that even if a mortgage was signed at Euribor plus a percentage, the mortgage holder would never pay lower than the ground clause even if the Euribor hits rock bottom.



www.adicae.net

[waldron] 24/3/2011 09:19

i would go

for a finca or a montain retreat in Spain

in Morocco i'd buy a Riad

in the meantime i'll stick to renovating village
houses in France

as always life can take you places one never thought to go

caio

[miata] 24/3/2011 08:15

Getting quite cheap (not saying they won't get cheaper) but there are millions available just over EUR 100,000.

The 3 or 4 bed 'luxury' absolutely front line beach (by which I mean an apartment next to the sea not at the back of a block next to the sea) with good views and orientation is still over EUR 300,000. In my view only these are re-saleable.

All re-sales have to compete with those that come with bank mortgages.

[waldron] 24/3/2011 07:19

GRACIAS SENOR

[miata] 20/3/2011 19:49

One example of price movements in coastal Spain:

3 bedroom apartment in Manilva,

2003, Off plan price: €112,000, After taxes: €122,000

2005, Completion. Valuation: €198,000

2009, Friend sells his 3 bedroom apartment for just €115,000.
Possible Sale Price 2009: €120,000
Estate Agent Commission: €6,000
Proceeds from Sale: €114,000

2011,
Selling Price 2011: €85,000
Estate Agent Commission: €4,250
Proceeds From Sale: €80,750

Currency effect
2005 €1.42 per pound sterling. 2011 €1.17 per pound sterling. 20% increase

[praipus] 14/3/2011 14:56

"Proposals relating to the continuation of the Company and, if the continuation of the Company is not approved, to wind up the Company voluntarily"

[praipus] 07/3/2011 15:17

Paribas Arbitrage picking up a few more!

[miata] 25/1/2011 12:36

From RBS note on Spain:

"Growth prospects remain poor and asset price declines in the real estate sector are likely to accelerate in the short term due to a rising cost of carry of properties on banks' balance sheets and the fiscal policy stance turning more restrictive."

[miata] 20/1/2011 18:58

Spain is preparing to issue €3 billion ($4 billion) in debt in coming days, the people familiar with the matter said. Government officials are putting plans in place to eventually raise as much as €30 billion, according to these people, though some say the final tally will be less.

The hope is that a series of capital injections will quell investor jitters about the savings banks, known as cajas (literally, "boxes"), which have been a thorn in Spain's side as it seeks to convince investors that the country's finances are stable.