Quilty Holiday Homes, one of the biggest Holiday Homes in Europe, has been sold to one of Spain’s biggest builders, according to The Independent.
The sale is the second time in as many years that a holiday home has been bought from the Holiday Homes Group, and it means Quilty has lost its last home in Spain.
The former Holiday Homes home, located in the city of Zaragoza, was sold to Spanish builder Elmer de Beggues in 2011 for around €2m.
The new buyer, a company called Vecteam, has made it clear that it is no longer interested in owning the property and has bought out the estate’s previous owner, the Holiday Houses Group, in the process.
The property is now owned by the Spanish government and has been handed over to a private company called Ligas, according the Independent.
It’s a big loss for Quilty, which has enjoyed a phenomenal success over the past decade and is now being sold off to private investors.
The company, which was founded in 2011 by former Quilty executive John Dees, will be working with Vectesam to build the new home.
It is expected to be ready in 2018.
The estate, which had been closed since November, has seen its popularity skyrocket in recent years.
Last year, more than 60% of all visitors to the property went on holiday, according Quilty.
That was up from 50% a year earlier, according Toffee.
It now boasts more than 400,000 guests, making it the most popular property in Zaragozas holiday homes.
But this is not the first time that the estate has been the target of private investors wanting to buy up the properties, according Carla de Guido, the owner of Ligasa.
In 2016, the estate was sold for £15m to a group of investors, who included a Spanish investment firm.
“We had no interest in selling the estate.
We only had to sell it because the buyer had bought the home,” she told the Independent at the time.
“The new owner has taken advantage of the situation and has made a deal with a Spanish company.”
The sale of the holiday home comes as the government’s housing and planning policy is being overhauled.
In 2018, the government is introducing a new system for buying homes, which aims to improve the housing market and provide more affordable homes.
Quilty was one of a number of companies that tried to get into the market in the last few years, but the current owners decided to leave.
The decision has caused huge problems for the estate, as it has been left to the private company to build it, according de Guidos family.
“When the estate had to be sold to private hands, it was not just a loss for us, it has affected everyone who lives here,” she said.
“This was a great time for us and we would like to see it go back to being a home for families, not just for Quids.”