As predicted on the Alghero property blog over 14 months ago (Why Ryanair is here to stay) it has today been officially announced that Ryanair will make a significant investment into Alghero Airport.

This weeks headlines of the national press have been that it is highly unlikely that Maddalena will not suitable to host the G8 Summit in July 2009 due to the lack of infrastructure and small amount of time remaining before the commencement of the summit. … It is not of secondary importance that our candidacy would ensure Sardinia not to miss this unique international showcase and prevent substantial financial resources from going elsewhere rather than investment into the implementation of the necessary works in Alghero.

Findings from a national property survey carried out by technocasa shows despite a general drop in Italian house prices (as much as -4.5% in the Campania region). … Properties with the highest demand are apartments with large balconies with sea views and are predominately purchased as second homes.

Olbia Airport is the largest airport on island however the month of May was a turning point where Alghero traffic exceeded Olbia traffic for the first time by over 20,000 passengers. … It is expected that the growth will continue throughout the summer season however a general warning has been issued by Ryanair that it will be grounding 10% of it’s fleet throughout the Winter season due to soaing oil prices.

Alghero Estates are pleased to report that common sense has prevailed regarding the highly disputed property taxation system enforced by the Sardinian region headed by president Renato Soru. In a ruling upheld on February 12, 2008 by the Italian Constitutional Court. The court deemed the so called Luxury Property Tax on second homes purchased by non Sardinian residents was anti-constitutional and therefore an illegal and unfair tax scheme.

The past week has been one to remember for the directors of Sogeal the committee board responsible for the management of Alghero International airport. Only a few days ago the Sardinian region announced the release of 42 million euro for the exclusive use by Alghero airport. The funds were previously agreed by the region but have only recently become available. 12 million euro will be spent to cover previous investment expanses with the remaining 30 million euro to invest in service improvements and further expansion.

Statistics released today from Alghero International Airport show the continued trend upwards as the airport experienced a record number of passenger for the month of August 2007.

The managing director of Alghero International airport Umberto Borlotti has presented a short term expansion strategy which has been approved by all of the political shareholders.

The much speculated plans for a new Ryanair Hub at Alghero International Airport took another step closer today with the announcement of a new direct route to Madrid, Spain.

If you purchased property in Alghero area within the last 12 months you’ll pleased with the recently released property index report by Nomisma. Nomisma.

Alghero airport today announced record month on month passenger figures for June and July. At today’s press announcement passenger figures raised year on year by 14% to 155,169 compared to July 2006 when 135,747 passengers passed through the airport.