Girona has been named one of Spain’s best performing real estate markets thanks to a variety of unique assets, according to an independent market research study based in Madrid.
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.
Situated just 15 minutes from Girona city centre, luxury golf and real estate development PGA Catalunya confirmed that the market has seen increased demand throughout 2011.
Chief financial officer David Plana said that apartments, semi detached town houses and larger villas are being bought by 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, town house or villa, is the perfect investment,’ he explained.
Real estate market specialists Lucas Fox International Properties said in its most recent Market Report 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.
The report pointed out that there is an increased focus on lifestyle factors to ensure long term value is maintained and there is likely to be continued interest in these kind of specialty properties throughout 2012 because of their long term potential.
For PGA Catalunya, 2011 was a successful year with the completion of three 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, the resort’s Resident’s Club is due to be ready in September and the show apartment which is now under construction will be delivered in the fourth quarter of the year.