LuxuryForSale.Properties blog.
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€400 millon property boost for Sotogrande and Marbella.
The announcement that the Valderrama golf course in Sotogrande has been bought by La Zagaleta group as part of a planned €200 million investment is more evidence that confidence is flooding back into the Costa del Sol property market.
The announcement of the €40 million sale of the emblematic golf course that hosted the 1997 Ryder Cup and the plans to develop ‘Valderrama 2’ nearby using the exclusive super-luxury La Zagaleta gated community in Benahavís as a model, is a sign that the continuing recovery of the Costa del Sol high-end property market is expected by industry professionals to gather momentum over the next few years.
Luxury villas in Marbella
It is the second €200 million project announced on the Costa del Sol in the past few weeks, joining plans for a new resort complex comprising a five-star hotel and 120 luxury villas on the eastern fringe of Marbella. It will be built in the style of a Mediterranean village on 170,000 m2 of land fronting the beach at Las Chapas and will include a beach club, upmarket shops and restaurants. The land alone has cost Hong Kong based investment fund Platinum Estates—headed by Indian billionaire Roshni Mohinani—€50 million. The development of the 200 room hotel and the villas is expected to cost another €150 million.
This will be Platinum Estates’ sixth venture in Spain, showing its growing confidence in the country as a site for investment away from its more traditional locations of Hong Kong and London.
La Zagaleta real estate prices
Both projects are targeting an affluent international client base. Although projected prices of the properties have not yet been released, villas for sale in La Zagaleta start at around €3 million and reach in some cases more than €20 million. It is expected homes in Valderrama 2 will be similarly priced.
New build developments in Marbella have proven to be very popular, with off-plan properties selling well and quality real estate market driving the local property sector. LuxuryForSale.Properties Realty—which specialises in high-end property—has been at the forefront of this recovery. With offices in Calahonda, Elviria, the Golden Mile and Sotogrande we offer villas and apartments for sale in all the most sought after and exclusive areas of Marbella and the Costa del Sol. Please contact us for more information.
Should you disregard information about the market when searching for a Marbella property?
It is advisable to stay informed about the national housing market, but it is important to understand that the information may not always apply to Marbella’s real estate market. Marbella’s property market is highly international and influenced more by the economies of Northern Europe than Spain’s. Additionally, the market is increasingly diverse, mature, and stable due to buyers from various countries and regions.
LuxuryForSale.Properties Real Estate news.
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Whether you’re buying a first line beach property on the Golden Mile or a villa situated on a golf course of Nueva Andalucia or in the mountains, selling, renting, or already own property luxury property in Puente Romano, everyone can learn from our helpful articles, with news and information, specific to Marbella and the Costa del Sol.
