CIRUEÑA

LA RIOJA, SPAIN

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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CIRUEÑA