The Top 5 Country and Sporting Estates Investor Hotspots 2014/2015
The Country and Sporting Estates division of Lucas Fox was set up as a result of the increasing demand from international clients for large country properties with equestrian and sporting facilities. Its portfolio includes a wide selection of properties ranging from country houses with existing stabling and land, equestrian centres, stud properties for breeding horses and working farms to polo and wine-growing estates, boutique hotels, castles and palaces, and private or commercial hunting estates.
The properties are primarily situated in the areas of Andalucia and Extremadura, renowned for their agriculture, olive oil, hunting and horse breeding. However, the regions of Priorat, Rioja and Ribero de Duero in central Spain are also proving increasingly popular with investors looking to produce their own wines, and hunting estates in the areas around Madrid and the Albacete region in the south east as well as in Sierra Norte in Sevilla continue to be in high demand.
Top 5 Property Investor Hotspots:
1. Sevilla: It is the second most visited town in Spain, very popular with American clients. Prices here are very attractive and the city offers a great cultural and historical environment.
2. Costa de la Luz: This area has wonderful weather almost all year round. It is surrounded by beautiful countryside and landscape and is not overpopulated.
3. Extremadura: Stunning countryside, great for cattle breeding and shooting/hunting activities. The prices are very reasonable for such large extensions of land with great potential. It’s the new up-and-coming area.
4. Asturias and Cantabria: Great historical value, lots of castles and traditional constructions up for sale now with good prices. Surrounded by beautiful scenery.
5. Puerto Sherry, Cádiz: Fantastic area for vineyards and wine production. There’s been a renovated interest in this area, excellent prices, good value.
“Over the past 5 years or so, we have seen a new breed of property buyers, who want more than a ‘trophy’ property and are looking for more ‘creative’ investments. There has been a significant rise in interest for vineyards and productive land mainly in the regions of Priorat, Ribero del Duero and Rioja also increasingly in Jerez ‘sherry’ country in Andalucia. Many people simply want to retire to a beautiful place surrounded by vineyards but others intend to make money. We are also seeing more enquiries from France, Northern Europe and South America for hunting and equestrian estates. Investors are definitely more confident about the market and the feeling is prices are close to bottoming out.”
— Charlotte Rodriguez, Partner Country Sporting Estates