Sotogrande to Receive €50 million Boost
to Infrastructure and Leisure
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| Sotogrande continues to grow with more infrastructure |
The Financial Times say that Cerberus and Orion will use the
money to develop new offices, properties, and sports facilities as the
popularity and interest in Sotogrande continues to rise.
Reports from estate agents in the area show that property
prices are around 30% less than they were in the peak of 2007, and that home
sales increased 23% year-on-year in the fourth and final quarter of 2016.
There is already a new development under construction, known
as La Reserva. It will feature over 200 new villas to the outskirts of
Sotogrande, seven of which have one hectare of private land.
Sotogrande is for people who want to avoid publicity. It is
designed to be discreet. It’s the kind of place where VIPs can leave their
bodyguards at home and feel truly free. Families go to the resort because they
enjoy the open space and safety on offer.
Sotogrande certainly enjoys a slower pace of life compared
to Marbella – which is just a 40-minute drive away. In recent years the resort
has begun to rival Marbella in terms of stylish boutiques, luxury property, and
world-class restaurants.
The resort has become famous for the harbour, golf course,
and polo grounds. It continues to bring in the elite among the elite. While
Sotogrande has just 6,000 permanent residents, as many as 30,000 people are
housed there during the summer months.
