I have got an impression, as the pandemic eases, we will be very much looking for single-family homes, private outdoor space, and enough room to work remotely. This is likely to boost luxury home sales in 2021.
Smadar Kahana, Managing Director at Engel & Völkers says
Andalusia’s property market is proving stable, despite the pandemic. Meanwhile, in the premium segment, increasing demand and the limited supply are driving an upturn. International buyers in particular are currently looking either for a permanent residence for their own private use or for an attractive holiday home with reliable potential for returns in the long term.
Since the outbreak of the pandemic, investor interest has tended to center on substantial villas and contemporary new builds with plenty of outdoor space, offering room for remote working and leisure activities.
Some also explain the above-mentioned trend that ultra-high net worth Millennials discovered places like Marbella and Sotogrande.
Luxury El Mirador properties – sold out!
Interest in properties within the four gated communities (El Mirador, The Seven, The 15, Lagoon Villas) at La Reserva in Sotogrande markedly increased during 2020 and has continued into the first half of this year.
The six properties sold within this private enclave range from €6 million to €11 million. These values set a record for Sotogrande as a destination and showcase La Reserva Club and its private communities as the pinnacle residential destination within the Costa del Sol.
Sotogrande brings a wealth of privileges, such as the use of La Reserva Club’s sports and leisure facilities. Residents receive
- round-the-clock attention and security,
- unrivaled amenities, and
- even a high-class international school within La Reserva itself.
Despite the clean sweep of sales at El Mirador, Sotogrande SA still has a number of exquisite, spacious, and private properties in its portfolio, each of which provides sweeping views of the countryside and Mediterranean.
Residents are afforded total privacy and security within their gated communities that integrate seamlessly with their natural surroundings, as well as a plethora of amenities at La Reserva Country Club and across the wider Sotogrande estate.