The global market for premium real estate can report a high demand and good prospects: In May 2021, Engel & Völkers closed 96 percent more international deals in the luxury real estate segment between 2 and 5 million euros compared to the same period in the previous year. While people have been travelling considerably less during lockdown, there has been no decline in their desire for fine living. On the contrary, the coronavirus pandemic has intensified clients’ aspirations to reside in a home that is genuinely special. “Those things that buyers of premium properties usually experience on their travels around the globe are now becoming part of their own home story: substantial garden grounds, state-of-the-art entertainment, wellness spas and a rich cultural heritage are high on the wish list of high net worth individuals,” says Sven Odia, CEO of Engel & Völkers AG, adding, “Appointments and amenities that reflect the owners’ personal preferences are on the rise, as well as interior designs that incorporate different styles and reference different worlds.”
High-end premium homes offer extremely high quality standards reflected in excellent construction materials and top fittings. They stand out from other properties thanks to their refinement in each and every detail, from the craftsmanship through to architectural finesses. “Prices of truly exceptional estates can sometimes be double or triple the average property prices in a particular market,” says Sven Odia. His recommendation: “Anyone investing in a property at a prime address in an internationally sought-after market for first and second homes – be it as a capital investment or a private holiday property – will benefit from both a stability in the value and the emotional returns of enjoying owner occupancy, especially during periods of crisis.”
In an incredible hillside location in Son Vida in the southwest of Majorca, Villa Chamäleon is currently on the market for 22.5 million euros. This upmarket residential area is known as the “Beverly Hills of the Balearics”, with a reputation as an exclusive meeting place for a sophisticated clientele and golf lovers. The villa comprises three living areas and boasts its own helipad. It owes its name to the sophisticated LED technology that can be used to change the colour of the villa according to the owner’s personal tastes and wishes.
In Cap d’Ail, at the gateway to the Principality of Monaco, Engel & Völkers is currently brokering Villa Marizzina for 23 million euros. The Countess of Morla had the property built in 1901 and later sold it to the Grand Duke Andrei Vladimirovich of Russia and his mistress, the famous ballerina Mathilde Kschessinska. Princess Odescalchi then bought the Belle Époque villa in 1929 and bequeathed it to one of her servants after her death. The current owner purchased the listed villa in 2010 and had it refurbished, paying incredible attention to detail and taking care to preserve its historic charm.
Set in an idyllic location on the northern shore of Lake Wolfgang, in the Salzkammergut region, this special manor was built in 1706 and is currently on the market for 44 million euros. The property boasts a particularly impressive private wellness spa spanning 230 square metres, with a hamam, a home gym, and a sauna. Another highlight is the indoor pool adorned with Italian glass mosaics. The property grounds, spanning some ten hectares, feature a swimming pond, in addition to water fountains, a grotto shower, and a small drawbridge.
Located in the upmarket coastal resort of Marbella on Spain’s Costa del Sol, this palatial villa is on sale (price on request). The Nagueles district is known as a magnet for international buyers looking for an exceptional holiday home on the Mediterranean, thanks to the exclusive quality of life and the subtropical climate on offer. The wellness spa features an indoor pool, a steam room and sauna, as well as various massage rooms. The beautifully landscaped garden and large terrace with panoramic views of the African coast and Gibraltar complement the assets on offer with this luxury residence.
Pedralbes is one of the most upmarket suburbs in Barcelona and one of the most expensive addresses in the whole of Spain. Its cultural wealth is reflected in the Royal Monastery of Santa Maria of Pedralbes, which gives this residential neighbourhood its name. The peaceful setting, combined with excellent international schools and a polo and tennis club, make this exclusive area particularly sought after among wealthy families. Engel & Völkers is brokering a newly built mansion here for 21.77 million euros, which boasts state-of-the-art amenities, as well as classic decorative architectural features.