LA RIOJA, SPAIN
Satellite image of Cirueña
House in Cirueña
House in Cirueña
Aerial view of real estate development in Cirueña
Vacant houses
Vacant houses
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PROJECT NAME
LOCATION
STATUS
START YEAR
BUILT YEAR
LAND SIZE
MAIN PROGRAM
PROJECTED POPULATION
ACTUAL POPULATION
AVERAGE SALE PRICE
OCCUPANCY RATE
Cirueña
La Rioja, Spain
Built
2000
2008
0.34 sqkm
Residential
10,000
139
US$1,800/sqm
2%
Similar to many other Spanish towns, Ciruena was chosen by private developers as the 'next big thing' during the economic boom. When the depression of 2008 hit, entire developments were left empty. Unlike many other Spanish developments, however, as Ciruena was planned as a market grade residential development, many necessary infrastructures were already constructed along with a functioning swimming pool and golf course. This has made possible for golf players from neighboring towns to visit Ciruena, and the town currently host to a vibrant golf community. In addition, Ciruena lies on the famous pilgrimage route of Camino de Santiago (The Way of Saint James), which brings pilgrims and visitors to the town often.
In addition to the one family homes, Ciruena also hosts a large amount of apartments that line the street. Most of these apartments are for sale, and are often rented to pilgrims alone the Camino de Santiago.
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