A new timeshare resort in the UK

A new timeshare resort in the UK

The project is aimed mainly at Chinese investors

Rich Chinese investors seem to be the perfect solution to all of the problems of the European real estate market, or at least this is what Maxhard believes. A new luxury tourist timeshare resort for Chinese holidaymakers is going to be built in Southwest Wales, in Llanfynydd, close to the Brecon Beacons national park.

Elena Krashia – the person responsible for Maxhard project – explained that the complex is mainly aimed at Chinese customers. The resort will cover 9.1 hectares and will be set on a lovely hill. There will be modern villas and a 94-room hotel with swimming pool, spa, shops and conference rooms.

Wales is a gorgeous country with more than 1200 km of coastline. It has a superb diverse landscape. People are welcoming.

Local authorities have not decided whether to approve the planning permission or not, yet. The developer expects at least 20 000 Chinese tourists visiting the area each year. The United Kingdom welcomed 109 000 Chinese holidaymakers in 2010, most of which went to London. Only 5% of them visited Wales.

Maxhard says the resort will boost the local economy providing new jobs but some locals are against the building of a new complex. Furthermore, local councillors wonder what advantages a new development could bring to Llanfynydd if it is addressed to foreign tourists.

Read also:

·         American developers head for China

·         China will do better than the UK and Japan

·         Housing market in Glasgow

·         Fractional ownership in London

·         Investments increase in London, Paris and Zurich

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