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Facebook: @The<strong>Weekender</strong>Spain<br />
FRIDAY 30TH AUGUST 2019 29<br />
Zara boss<br />
in White<br />
House<br />
move<br />
Amancio Ortega, new neighbour for Donald Trump.<br />
ALICANTE’S Urban Planning<br />
Department is allocating<br />
over €3 million to<br />
improve four industrial<br />
estates in the area.<br />
The Llano del Espartal<br />
estate is taking the lion’s<br />
share, €1.8 million, while<br />
the rest will be shared be-<br />
AMANCIO Ortega, founder<br />
of the Inditex retail empire<br />
and comfortably Spain’s<br />
richest man, is buying<br />
property just around the<br />
corner from the US President’s<br />
residence according<br />
to press sources.<br />
Mr Ortega has been expanding<br />
his property interest<br />
in recent years, built on<br />
the success of global brands<br />
such as Zara and Bershka.<br />
The latest acquisition is<br />
said to be a $230 million<br />
(€205 million) office block<br />
“just around the corner”<br />
from the White House, purchased<br />
from a prestigious<br />
US law firm.<br />
His property portfolio is<br />
now said to be worth something<br />
in the region of 9,800<br />
million euros while last year<br />
Inditex turned a handy profit<br />
of 1,817 million euros.<br />
Cash boost for industrial estates<br />
by Simon Russell<br />
tween Las Atalayas, Pla de<br />
Vallonga and Rabasa.<br />
The improvements will<br />
include road and parking<br />
repairs, increased security<br />
and better signage.<br />
Eye watering<br />
agents fees<br />
THE average property<br />
seller in the SW7 area<br />
of London is now paying<br />
a whopping £36,540<br />
(€40,000) in estate agents<br />
fees, according to agency<br />
comparison website GetAgent.co.uk.<br />
There are several other<br />
postcodes in the capital<br />
where the figures are similar<br />
while outside of London<br />
many towns and villages<br />
are starting to see five figure<br />
agency payments as the<br />
norm.<br />
Experts say many people<br />
are willing to accept this as<br />
part of the process with the<br />
by Simon Russell<br />
“small numbers” such as<br />
agency fees and taxes getting<br />
lost in the “big figure”<br />
i.e. the price of the house.<br />
However UK buyers, and<br />
indeed those across Europe,<br />
are starting to wake up to<br />
this and we are seeing different<br />
models for estate agents<br />
costs such as flat fees, while<br />
many think that the market<br />
is ripe for a complete overhaul,<br />
probably a digital one.<br />
Within a generation high<br />
street estate agents may be<br />
a thing of the past, say many<br />
industry insiders, as today’s<br />
internet savvy youngsters<br />
become tomorrows<br />
house buyers<br />
Buying Selling Building<br />
For 25 Years<br />
Tel: +34 965 74 49 18<br />
www.villasbuigues.com<br />
Carrer de les Tosqueres, 9, 03724, Moraira
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