A COUNTRY club vibe, relaxed family lifestyle and massive investment in top grade facilities have combined to push Sotogrande into new territory when it comes to high end property.
The spectacular residential resort with superb golf, tennis, equestrian, yachting and polo facilities is more popular than ever – and the future looks rosy.
James Stewart, of James Stewart in association with Savills, an estate agent with decades of experience in the area, has his finger on the pulse when it comes to Sotogrande.
The team at James Stewart in association with Savills
He has noticed a sea change over the past few years, despite the dual crises of Brexit and the pandemic.
He dates the start of the rise in the enclave’s status to the 2014 purchase of Sotogrande SA for €225 million.
James explained: “Sotogrande has advanced so much since Orion Capital Management took over.
“Facilities have been expanded so much that it now offers a highly attractive family lifestyle. The area has something like 40 to 45 restaurants – almost unthinkable 20 years ago.”
James continued: “Together with a highly regarded international school, world class golf courses (think Valderrama, scene of the 1997 Ryder Cup) and many other sports facilities, the area is attracting a younger cosmopolitan crowd to live here.”
The figures bear this out. James said: “2022 was an exceptional year – particularly in the autumn – for home sales.
“Asking prices for a house on the super exclusive plots are now reaching up to €22 million.”
If we put this into context, the record price achieved in Sotogrande before the 2008 recession was €7.2 million – and it held that position for 10 years.
“Now we are looking at several properties valued between €10 million and €22 million – and