Property demand in 2020 and 2021 has been both unexpected and, for some countries, unprecedented. A perfect example of this is Sotogrande SA’s gated community El Mirador which has revealed it has sold all of its luxury properties, which were priced at €6 million to €11 million following record-breaking demand.
If we could go back in time to the first quarter of 2020, few experts would’ve predicted the enormous interest in property we are currently witnessing. During 2020, interest from prospective purchasers has defied all predictions and has, in some cases, resulted in the return of gazumping and fierce bidding wars. One of the areas which have seen a massive increase in interest is Andalucia’s Sotogrande.
During the past twelve months, interest in properties in the four gated communities at La Reserva in Sotogrande increased drastically during 2020 and has continued into the first half of this year. The big lure for homebuyers is the peace and relaxation the area offers, along with the chance to spend more quality time with friends and family and to enjoy the finer things in life.
The global pandemic brought with it numerous challenges and wide-ranging restrictions. Even so, the six available luxury properties in the El Mirador private enclave, which ranged in price from €6 million to €11 million, all still sold. The prices achieved set a record for Sotogrande as a destination and showcased La Reserva Club and its private communities as the pinnacle residential destination within the Costa del Sol.
The focus of the El Mirador development is one of luxury, comfort, quality, and security, with developers primarily ensuring that their offer is one of a desirable, safe home for residents and their families.
In addition to this, properties in Sotogrande brings a wealth of privileges, including the use of La Reserva Club’s sports and leisure facilities. Residents also receive round-the-clock attention and security, unrivalled amenities, and even a high-class international school within La Reserva itself. As such, Sotogrande is the true embodiment of luxury living with zero hassle and is the epitome of residential serenity.
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 the myriad of amenities at La Reserva Country Club and across the wider Sotogrande estate.
Single-family villa plots in the gated communities start from €800,000, with El Mirador’s record sales serving as an indication of the popularity of Sotogrande SA’s exclusive properties.
For more information, including details on the Discovery Package, which incorporates accommodation, sports and activities, culinary delights, and a visit to SA Sotogrande’s award-winning resort, its properties and amenities, visit www.sotogrande.com.
In June 2020, Sabi Phagura conducted an exclusive interview with Marc Topiol the Chairman of Sotogrande SA, you can read it here.