Golf News for Monday, March 10, 2014 | Real Estate

PGA Catalunya Resort defies Spanish real estate sales trend

PGA Catalunya Resort, the 300-hectare estate near Barcelona, has reported sales of more than 30 luxury properties in 2013, defying market trends and cementing its position as one of Europe's finest new golf and residential communities.

Building on its reputation for excellence, the World Top 100 venue has agreed sales of more than 70 properties since the residential development's launch in 2011, and continues to offer a credible and intelligent investment choice for international buyers.

"While property prices stagnate worldwide, developments offering hideaways with rental perks are paying dividends," wrote property columnist Zoe Dare Hall in The Sunday Times, after visiting PGA Catalunya Resort in 2013.

"The reason it is selling well, in a Spanish market where 60% discounts are commonplace, is far more prosaic," she added, explaining that a development with a solid infrastrucutre gives buyers confidence and encourages investment.

Opened in 1999, the European Tour Destination features generous plots set away from the fairways, with stunning views of the Montseny Mountains, for contemporary design villas, comfortable semi-detached properties and modern luxury apartments. It also offers private leisure facilities for residents and a variety of rental opportunities for visitors.

Property contributor to The Times, Graham Norwood, wrote: "Golf developments offer a sanctuary of tranquility, security and open green spaces. They're more recession resistant than most and you don't even need to play golf.

"In the economic uncertainty of recent years, some classic resorts have still proven popular and few more so than PGA Catalunya Resort near the historic Spanish city of Girona."

Graham Norwood attributes this success to having much more than just greens and fairways to offer buyers. The resort's location, 25 minutes from the beach and just 37 minutes away from the cosmopolitan city of Barcelona via the new high speed rail link, plus local historical and cultural attractions, and numerous Michelin-starred restaurants, contributes significantly to its popularity.

"Spanish star golfer Sergio Garcia has opened his training academy at PGA Catalunya Resort, and this association between top-class golfers and residential courses is often testament to their quality," Norwood adds.

The three-time Spanish Open venue has seen its popularity grow steadily since the residential development started in 2011 - a year that also saw the unveiling of the estate's expansive 2,000 square-metre putting and chipping green, the largest in Spain and the only one of its kind in Europe.

The following year, PGA Catalunya Resort was voted home to Spain's No. 1 golf course* - an accolade it has retained for 2014/2015 - and was recognised as the best European Golf Development in Spain in 2012 and 2013 by International Property Awards.

These milestones, coupled with the continued investment in infrastructure and its real estate development, further enhance PGA Catalunya Resort's reputation as a secure and well-managed development that continues to attract property purchasers from across Europe.

For more information about PGA Catalunya Resort visit www.pgacatalunya.com.

*As ranked by Top100golfcourses.co.uk