Fancy watching the Ryder Cup golf tournament from the comfort of your luxury home in sunny Spain? That is what people who buy property at the PGA Catalunya Resort will be able to do if the Irish property developer Denis O’Brien gets his way.
The stadium course, one of two at the golf club, which was established in 1999, is often ranked as the best in Spain by those in the know.
Indeed, the resort’s developers are enjoying a booming trade in new apartments and villas there even though the country’s property market is in its sixth year of doldrums.
The houses, spread over 300 hectares, are surrounded by manicured lawns and woodlands.
Investors from Russia, Germany, France, Switzerland and Kazakhstan had been snapping them up, Mr O’Brien, the billionaire owner of the mobile telecoms company Digicel, recently told Bloomberg News.
This year, he expects to sell as many as 45 homes, up from 28 last year. The most expensive costs €2.2 million (Dh11m).
The one, two and three-bedroom La Selva apartments have views across the 18th fairway. Prices start at €365,000.
Prices for the two-storey, semi-detached La Selva villas with four bedrooms and three bathrooms start at €695,000.
The Barcelona-based architects Damian and Francisco Ribas designed the La Selva villas and apartments.
Property plots are also available for self-build homes, with prices starting at €380,000.
The luxury villas, designed by various architects, are priced from €950,000 onwards.
There are plans for a total of 386 units, but this number is expected to increase with time.
Amenities at the resort include a clubhouse that has a Pro Golf shop carrying designer products, tennis courts and a pool.
Property buyers must pay a value-added tax of 10 per cent and stamp duty of 1.5 per cent. Notary charges amount to 0.5 per cent on average.
Owners may place their properties for lease.
Meanwhile, the Spanish government is considering a new law that will allow non-European Union nationals who invest €500,000 in the country’s real estate or businesses to qualify for residency.
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