Buyers could grab a golf and marina lifestyle for less thanks to lower prices in a most exclusive Spanish property enclave.
Sotogrande, Andalucia, in Cadiz in Costa de la Luz, is seeing huge villas and homes on its marina offered for considerable discounts as the country experiences a recession and property slump.
Homes at the marina are going for 220,000 Euros ($290,408) and villas in Sotogrande Alto recently valued at more than 3 million Euros ($3,960,116) are going for 1.5 million Euros ($1,980,011).
Although the resort itself was founded back in 1962 by entrepreneur Joe McMicking, it is also still expanding and welcoming new property projects.
Brokers Spanish Hot Properties said: “Sotogrande property has everything that you could want from a luxurious exclusive area but currently not exclusive prices.”
New homes projects include Los Cortijos de la Reserva in Sotogrande, a town house scheme with views across the La Reserva golf course.
The 220,000 Euros property, built in 2007, is a one-bedroom apartment right on the Sotogrande Marina, while villas are available all the way up to 4.5 million Euros ($5,940,000).
Spanish property is expected by some analysts to make a steady comeback thanks to a high number of unsold homes which are forcing prices down to discount levels and tempting some buyers back to the market.
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