Good news from the Spanish housing market has been in short
supply until now, an independent study reveals that Girona was the best performing region
for Spanish real estate.
The independent report comes from Madrid based Sociedad de Tasación.
So why Girona? It may be down to the luxury golf and real estate development PGA Catalunya. The resort reported impressive sales and increased demand throughout 2011.
Whilst the overall Spanish property market experienced
a downward trend in 2011, prices in several towns in the province of Girona
remained stable with increased demand from buyers in France, England,
Scandinavia and Russia. This increased demand and the consistency of property
prices can be attributed to Girona’s temperate year round climate, its
proximity to the coast, the Pyrenees and Barcelona and the wide range of
leisure, culture and haute cuisine available within the region.
Furthermore, the sterling’s current strength over the Euro alongside the
continuation of the reduction of VAT to 4% throughout the country suggests that
2012 will be an opportune year to invest in the region. To add, the region was
recently named the best golf destination in Spain by Today’s Golfer Travel
Awards.
CFO of PGA Catalunya, the region’s most luxurious and progressive luxury
leisure and residential development, David Plana, explains why the resort’s
apartments, semi-detached townhomes and larger villas are the perfect purchase
for both lifestyle and investment clients ‘PGA Catalunya is a year round
destination that appeals to all buyers, offering a variety of real estate in
one of Spain’s most desirable and best performing regions. With Barcelona, the
Costa Brava and the Pyrenees on its doorstep and offering a host of activities
from world class golf to consummate gourmet experiences, a home at PGA
Catalunya, whether it be an apartment, townhome or villa, is the perfect
investment.’
This view is endorsed by real estate market specialists Lucas Fox International
Properties in their recent Market Report dated December 2011 explaining that ‘properties
near golf courses have been more likely to maintain their value in recent
years…reflecting the changing buying motives of investors towards seeking
properties that meet lifestyle demands and requirements’ They add, ‘drivers of
investment property (show) increased focus on lifestyle factors to ensure long
term value is maintained’ predicting ‘strong interest in these specialty
properties…(throughout) 2012 (offering)…long term potential.’**
For PGA Catalunya, 2011 was a successful year with the completion of 3 show
properties and 37 sales, reservations and contracts under negotiation as well
as being named as a Top 100 Golf Course and a Top 100 Worldwide Course by
Golf World Magazine. Looking ahead to 2012, this pioneering resort development will
deliver the Resident’s Club in September and the show apartment which is now
under construction and will be delivered in the fourth quarter of the year.
Source: www.pgacatalunya.com
