Developers plan new Spanish golf resort

Article Date : Wednesday, August 08, 2007

Plans to build a new golf course and 2,000 homes are underway in La Alpujarra in Spain.

The region's Olive Press newspaper has quoted a local councillor, who claimed to have seen the urban extension plan.

Real estate companies are also reported to be advertising property in the area in land around the town, mentioning the future development of the golf course.

Almost one million square metres of land will be used for the construction of new property, according to Spain Real Estate.

Ugijar mayor Bienvenido Ortega said: "There are plans for a couple of urbanizaciones housing developments."

However, plans for the Spanish Golf resort have "not yet been approved by the Junta de Andalucia", he added.

News of the development follows the advice of Spanishpropertyinsight.com, which last week urged investors to "look for something different" when approaching the market.

"Look for liquid markets … one that is well-established and you know you'll be able to sell and get out quite quickly because people want to buy there," spokesperson Mark Stucklin said.

Tags:

Mark Stucklin, real estate, Spain

Developers plan new Spanish golf resort

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