For the second part of our guide to purchasing Sotogrande property here at BM Sotogrande, we’re taking a closer look at the specific factors that will guide your choices as a would-be investor in this exceedingly desirable locality on the Costa del Sol.
So, with no further ado, let’s cycle through some of those factors.
Deciding on a budget as a would-be purchaser of Sotogrande property
Before you even begin to browse online portals for property in Sotogrande such as BM Sotogrande, you will need to have a good idea of your budget and your amount of room for financial manoeuvre.
After all, it could be so easy to spot a property that suits all your criteria, except for being just slightly outside your budget. In such situations, it is crucial to have a clear sense in advance of how much you are able to, and willing to spend. That is especially so when it comes to property in Sotogrande, a highly exclusive market where competition for the most attractive homes is inevitable.
Bear in mind that it is not just the ‘headline’ price you see advertised on property listings of sites like ours that you must budget for; additional costs can add about 8% to 14% of the purchase price.
Also be sure to take account of the ongoing expenditure you will have to deal with if you do come to own a given Sotogrande property, such as property taxes, maintenance costs, insurance, community charges and utilities.
What do you actually want in a Sotogrande property?
As leading estate agents serving the Sotogrande area here at BM Sotogrande, we always find it refreshing when a prospective client approaches us with an already-strong idea of what they are seeking in a property in Sotogrande.
After all, a client being clear about their requirements from the beginning of our relationship helps ensure we don’t waste time showing them around properties that do not match their needs.
If you haven’t reached that stage yet, there’s no need to feel guilty about it. However, we would recommend that you think carefully about the following questions before enquiring to us:
- How many bedrooms and bathrooms do you require in a Sotogrande property? We would suggest you set a minimum and maximum number for both.
- What architectural style are you seeking in a property? Sotogrande is blessed with a broad range of fascinating building styles. So, whether you are seeking a more traditional or contemporary aesthetic, you will almost certainly find property to match your tastes.
- What would be your preferred orientation? Some prospective buyers who contact us are particularly interested in properties that are south-facing, for instance, rather than west-facing, while others may favour mountain views over sea views.
- How much space and privacy do you desire? The rise in home working around the world since the onset of the COVID-19 crisis, for example, has led to many would-be buyers of property in Sotogrande prioritising a greater amount of space than might have been the case pre-pandemic. However, this is not the case for everyone.
A quick guide to the different areas of Sotogrande
With Sotogrande only covering an area of 2,500 hectares (6,178 acres), you might imagine to yourself that “Sotogrande, is Sotogrande, is Sotogrande” – in other words, that the specific part of the resort you choose will be of relatively little consequence.
In reality, of course, that won’t be quite the case. Whether you buy property in Sotogrande for investment or lifestyle purposes, you are still likely to have certain preferences in relation to the closeness of the property to certain travel connections or facilities such as schools, shops, restaurants, and sports clubs.
The resort having grown considerably over the years, there are various areas of the development to be aware of, including:
- The Sotogrande Marina area, which serves as Sotogrande’s social hub with its high-class bars and restaurants, and also contains the marina itself, which offers more than 1,300 berths
- Sotogrande Costa Central, which is home to the development’s main commercial area, known as Galeria Paniagua.
- The Sotogrande Costa – Kings and Queens area, which is one of the oldest parts of Sotogrande, recognisable on account of its spacious, leafy appearance. It is a fine place in Sotogrande to look for traditional Andalucían villas, although there is some alluring contemporary property to be sought out here, too.
- Sotogrande Alto, where the prospective buyer will find an impressive variety of property types, encompassing highly desirable townhouses, apartments, and villas.
- La Reserva de Sotogrande, a 400-hectare gated residential community built around the exclusive La Reserva Club. It is one of Sotogrande’s newest developments, and offers the impeccable levels of privacy and security that the most discerning buyers expect.
Partner with the best-informed and most experienced Sotogrande property specialists!
As all the above sets out, there is certainly not just one Sotogrande, or one set of requirements that every potential buyer of property in Sotogrande is likely to have.
This provides all the more reason for those wishing to make the wisest choices when purchasing here to seek out the assistance and expertise of the most capable estate agents serving this always-in-demand area.
Enquire to the BM Sotogrande team today, and you can be excellently placed to make the right moves when getting involved in the property sector in this splendid part of the Costa del Sol.
