€125m Costa del Sol property boost

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La Cala de Mijas
The tower of La Cala de Mijas located in a square in the old town Credit: Wikimedia

WORK to some houses on a 600-property development in La Cala de Mijas are expected to be completed within months, according to organisers.

The project, which is backed by British developer, Taylor Wimpey Plc, and La Cala Golf, will see the existing golf course turned into the biggest housing development in Andalucia over the next 10 years.

According to the company, the hotel chain and Taylor Wimpey began working together on the project in 2014, delivering the first set of 60 residential properties last summer.

The Horizon Golf project, consisting of 48 apartments and 55 townhouses, are currently being advertised for sale, with some due for completion this year and the rest next year.

According to media reports, many of the properties are in their final stages of construction already.

La Cala Resort aims to become “unique in Spain” as a golf and relaxation location, featuring three 18-hole golf courses a four-star hotel of 107 rooms and a 1,300-meter spa, tennis courts, paddle tennis, squash and footballpitch.  The company says their offering will put property owners “at the forefront of international residential tourism, with one of the best and most varied offer of housing in low density complex with views Panoramic views of the golf, sea and mountains, and only 30 minutes from Malaga airport.”

David Kelly, president of FBD Hotels and Resorts, David Kelly, said the development “demonstrates not only a growing demand for properties in the south of Spain, but also the strength and attractiveness of our real estate portfolio,” while the company says the huge project shows “renewed confidence” in the real estate market, offering “modern and state-of-the-art” homes for a growing second-home community.

Javier Ballester, director general of Taylor Wimpey Spain, says they are “delighted” to present the project in response to demand from European buyers, explaining, “we have made significant progress in the Spanish market last year with 304 new homes built. Sales during the first half of 2017 have been very positive and we expect it to continue the same throughout the summer of 2017. ”

Andres Ruiz, a Mijas Councillor said there had been “high growth” in urban investments in the municipality which have reached €84 million this year, reflected in the number of work permits granted so far in 2017.

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