In the previous post we discussed the macro view of the Spanish economy and property market, and how the perception that all of Spain is a misery without light at the end of the tunnel certainly doesn’t gel with the reality on the ground in many regions and sectors of the country.
Our own experience this year has been of a gentle but very noticeable upward movement in terms of interest and sales, and just to prove that we are not talking up the market, here are some concrete examples of sales made by Holmes Sotogrande in the first few months of the year:
A beautifully designed modern villa overlooking gorgeous countryside that offered great style, elegance, space and privacy at €1.350.000, followed by a sophisticated colonial style villa set in a lush tropical garden at just under €2 million and a comfortable and spacious apartment overlooking Sotogrande’s famous marina, which sold for just over €300.000.
Next up were a grand villa on a large private estate with manicured gardens that commanded just under €4 million, and a stunning villa on a beautiful flat plot sold for €1.850.000. On the whole, the interest has ranged across the property and price categories, from €300.000 apartments to villas over the €4 million mark.
Most popular are attractive villas and apartments in good locations with appealing views of the marina, the sea and golf – and having vistas of the Rock of Gibraltar in the distance always adds value. With its peace, tranquillity, facilities and easygoing refinement Sotogrande continues to offer a lifestyle that is much in demand
The rise of currencies such as the Pound, Scandinavian Crowns and the Dollar against the Euro is actually making property cheaper and more attractive to buyers from those and other regions, and in addition to buyers from ‘traditional’ markets such as the UK, Scandinavia, Russia and the Middle East there are indications of increased interest from the USA, as reported in this Reuters article. It all goes to show that while Spain has some way to go to bring back the good times there are areas and pockets such as Sotogrande that have the capacity to drive recovery and growth.
By Jackie Cruz - Manifesto ·