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Los Flamingos - Golf Plus Investment

The New Golden Mile is the focus for new development on the Costa del Sol and at the heart of it is Los Flamingos, the golf resort that is set to be the largest in Europe.

There will be four Golf Courses, 54 holes in all - flanked by natural lakes and hills. Two courses are complete, the third is underway and the owner of Los Flamingos, R&A Capital, has just bought a further two million square metres of land on the other side of the toll road on which to build the fourth.

The six developments dotted around Los Flamingos' present three million square metres have spectacular views from an elevated position over the greens and across to Africa.

No one knows the area better than Nigel Eede, owner of Marbella Choice Properties, who has lived there for 20 years and on various developments in Los Flamingos for the past five.

"The complexes are all upmarket but quite different in style, from the Mediterranean Pueblo-style Four Seasons to the contemporary, white Alanda Flamingos. There are also 135 villa plots, which have all been sold apart from about three. Villas here go on the market for between €2m (£1.4m) and €7m (£4.9m) and that adds value to the apartments too."

Three of Los Flamingos' developments belong to "boutique" developer Alanda Homes, the Spanish arm of Irish homebuilders McInerney Holdings. Two of them - the 98-apartment Four Seasons Flamingos and the 54-apartment Tee 5 - sold out within weeks last year. The third, Alanda Flamingos, has 21 of its 55 apartments left, starting at €450,000 (£319,000) and due for completion in June.

Continue Reading over at the Independent

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