HIGHLIGHTS SHOWCASING SOME OF MARBELLA´S FINEST PROPERTIES
THE RIGHT ADDRESS
THE BEST PLAcES TO BE
ART COLLECTIONS HOW TO cREATE YOuR OWN
360º DESIGNERS AN ALL - ROuND ExPERIENcE
TOP NOTES GLOBAL WEALTH TRENDS AND PRIME RESIDENTIAL MARKETS
ARCHITECTS LATEST STYLE TRENDS
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Welcome
DEAR READER,
W
e would like to welcome you to the 2019 Highlights magazine – the latest edition of the annual lifestyle and property publication of Diana Morales Properties/Knight Frank. Those people familiar with Marbella and its surroundings know us as a specialist in luxury
real estate that has stood the test of time because of personalised service, authoritative market knowledge and a solid ethic. This approach to what we do is also reflected in Highlights, whose design style, editorial tone of voice and presentation represents who we are as a company. Diana Morales Properties is a Marbella-based boutique agency with many years of experience and service, and as the sole representatives of Knight Frank we carry the know-how and global reach of this prestigious international real estate brand. This is reflected in a prime selection of Marbella properties that is representative of the standard of homes Diana Morales Properties offers, for we are in a position to include only the finest homes in our portfolio. Added to this is an international property section with homes in top locations such as Geneva, Sydney, Vienna, London, Madrid and the French Riviera. We provide supporting background analyses of the Berlin real estate market, as well as our own 2019 Marbella Market Report – one of the most comprehensive in the region – and summarise the European market. In our editorial section we explore the rising phenomenon of branded luxury residences, the most recent evolutions in Marbella architecture, consider 360-degree designers and drive the new Bentley. We hope you enjoy this voyage of discovery with us, both within Highlights and as your local and international property brokers.
Pia Arrieta and Diana Morales
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Hotel Gran Meliá Don Pepe T. 952 902 936 www.tahinijapanese.com
MARBELLA · MADRID · MALLORCA
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CONTENTS
17
Bentley
The marque of luxury
4
31
Architects
Talk about the latest design trends
Property
20
Prime selection of Marbella property
Branded Residences
A new concept of service and added value
10
114
360° Designers
Life seen from the luxury angle
European Markets
25
What’s happening in Europe
Market Report
2019 DM Properties-Knight Frank report
14 Art
Creating a collection
118
International
Top international real estate 3
4
Highlights
Trends in
MARBELLA ARCHITECTURE By Michel Cruz
J
ust look around you and you’ll notice that Marbella, like any other manmade landscape, is the product of successive generations of architectural styling. From its Andalusian setting, Marbella inherited a MediterraneanMoorish cultural tradition that has in one form or another found its way into the region’s architecture – from the rustictraditional properties and early modern homes to contemporary interpretations of Spanish and Moroccan edifices, and now a return to the sleek white-plastered geometry of modern minimalism. We look at the trends behind this ever-evolving visual dynamic through the eyes of some of the leading architects in the region.
MARCOS SÁINZ
Together with his son Maurice he runs MS Design, where he remains true to a philosophy of design as an embodiment of art and the senses married to the needs of housing and functionality. “Since the 1960s, we have lived through successive waves of influences brought by international developers, architects and above all, homebuyers, which have taken the original Andalusian
Opposite page: Diego Tobal design for a hilltop villa Below: Golden Mile property by Marcos Sáinz
Latin American architects have played a very important role in shaping Marbella, and few more so than Marcos Sáinz, who as a young man joined Swiss - Russian architect Noldi Schreck to create what is one of this region’s greatest icons: the Puerto Banús marina. His philosophy, that architecture is the vertical expression of stylistic fashion and zeitgeist, is reflected in his ability to design the intricate detail of a classic Mediterranean village-style project such as Puerto Banús, as well as being known for giving shape to beautiful modern/ contemporary villas and apartment complexes.
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village style and allowed it to
designs in which glass, flat roofs
evolve through several adaptations
and strong geometric lines
into the modern white-plastered
feature prominently, though
structures we see today. To get this
still retain strong elements of
match of modern and traditional
Hispano-Moorish influence and
with local and internationally-
inspiration.”
inspired right, requires the ability to remain true to an ethic of
The more eccentric avant-garde
quality and proportion.”
experimentation of larger urban centres is less evident here, but
JUAN SALVADOR SHVARTZBERG
then this is a region dedicated to luxury leisure pursuits and characterised by second homes, and as such it is less likely to
Argentinian-born Juan Salvador
have the urban edge of New York
Shvartzberg is also part of a
or Tokyo. “We do not have the
Latin American school that has
expansive concrete landscape and
had a profound influence on the
intense land limitations of such
physical shape and substance
agglomerations, and so the homes
of Marbella. “I come from a
our clients ask us to design are
tradition of modern architecture,
expected to reflect beauty within
and what we see in Marbella
a green, sunny environment on
today is a move away from the
the cusp of mountain and sea.
vernacular local Andalusian
These are parameters within
style to minimalist, open-plan
which Marbella architects work.”
RODOLFO BALDRICH PACHECO
introduced new techniques such as insulation as well as internationally recognised
Also originally from Argentina,
brands of doors, windows and
Rodolfo Baldrich has seen
appliances.
Marbella evolve from an
Above: design by Rodolfo Baldrich Pacheco Centerfold: interior of a La Zagaleta villa designed by Juan Salvador Shvartzberg
6
Andalusian coastal settlement
The very building materials with
into a young, cosmopolitan city
which Costa del Sol homes are
through the successive layers
made have also changed with the
of foreign influence exerted
years, and where those built in
by new waves of homebuyers
the 1990s and 2000s still saw a
from abroad. “The early jet-
marriage of modern-traditional
set adopted local styles and
styles and materials, the latest
building techniques, but as the
trend of modern minimalist
scale of homebuilding on the
architectural styling has been
coast grew the process gradually
accompanied by the replacement
became more industrial.”
of terracotta and plaster by
Foreign homeowners demanded
contemporary building materials
higher standards of comfort
that offer greater durability and
and functionality, and gradually
ease of use. “This, as much as
Highlights
automated home functions
DIEGO TOBAL
possible,” says Ernesto, “but what’s beneath the surface
The Marbella-raised son of
is also very much part of a
Argentinian architect Miguel
revolution that is marking this
Tobal, Diego has made a
as a watershed in design.”
name for himself in his own right, creating contemporary
Indeed, aesthetic trends can
villas and apartment projects
move back and forth, evolving
that still find local cultural
as they cross-fertilise between
and environmental inspiration
different eras, but technology,
while offering modern styles
science and economic forces
and amenities. “Architecture
are less likely to loop back to
is not a free art of expression.
another time. “Much of the
We work to develop the brief
construction process here as
of our clients and exceed
elsewhere has moved away
their expectations within a
from the worker on the site
given financial budget and
creating the home’s features
timeframe,” says Diego,
to prefabricated assembly, and
“so the design trends are
while this may sound negative
the result of a collective state
it actually leads to greater
of mind that is ever more
precision, quality, time/cost-
strongly influenced by
saving and makes homes that
international tastes and
are more energy efficient and
the move towards quality
environment friendly.”
of life and sustainability.”
the prevailing styles of the day, is influencing a quantum shift away from the way a Marbella home used to look, feel and function, and it is a process that is still very much under way.”
ERNESTO PALANCO Ernesto Palanco agrees, for whether he designs a retroclassical mansion or an ultramodern minimalist villa, the construction method, building materials and technology used are now largely the same. “People tend to look at external factors, such as architectural styling, landscaping and also the new high-tech gadgets that make
Villa design by Ernesto Palanco
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Juan Salvador Shvartzberg design for a La Zagaleta residence
After a period of white minimalist ‘cubism’, the region is rediscovering the joys of tones, textures, motifs, detail and above all, individuality. “Character and variety are
VICTORIA GAUNA & FACUNDO TABORDA
garde architecture and willingness to experiment with modern concepts even at times when
coming back into Marbella architectural design, but
More Argentinian inspiration is
modern minimalism was out
they are aligned with a continued revolution of technology,
provided by Victoria Gauna and
of favour. That said, their style
new lighting, functional and decorative tools that were
her son Facundo Taborda, who
may be vanguardist but it is not
previously not available, so we are in the midst of a
though locally raised has
exactly minimalist, as the Gauna
dynamic process driven by new technologies and
inherited his parents’ Buenos
& Taborda touch proves that
innovations that are shaping a lot of the styling now and
Aires flair for design. Victoria and
modern designs can be detailed
in the years to come. Expect ever more hi-tech homes
her late husband, Ángel Taborda,
and intricate.
and a growing focus on sustainability and quality of life.”
were renowned for their avant“We always knew that modern architecture would make a comeback and that it would be largely minimalist, but just lately the open-plan spaces are increasingly accompanied by a more detailed and varied use of textures, colours and materials,” says Victoria Gauna. “Styles may come and go, but our clients are not likely to take a step back when it comes to comfort, technical amenities, build quality and open living spaces. Increasingly, however, a home – and the architect’s role in creating it – is about setting the tone for special experiences, an ambience of wellbeing and, ultimately, quality of life – and where is this more profoundly the case than
Design by Victoria Gauna and Facundo Taborda
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Marbella.”
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DESIGNING
for a 360 DEGREE
LIFESTYLE When ‘home’ could mean your luxury penthouse, super-yacht or private jet, depending on where the day, week or whim takes you, you will be needing an interior designer: one who can cater to your peripatetic lifestyle on land, sea and in the air. By Zoe Dare Hall
F
or the sort of person whose day
Stark comments. “I always think about how my
begins in a beautiful house on dry
creation will profit the person who will use the
land and finishes in a private palace
object or place I am creating. I want people to
on the waves or in the clouds,
feel at their best: more creative, more confident
consistency in all their homes is key. James White, co-founder of the property and yacht
Both types of designer –
design studio March & White, often works
land or sea - bring invaluable
with clients who lead a “360 degree lifestyle”,
insight to the process. Yacht
as he calls it. “They want to feel all their
designers
spaces relate to each other,” says White, whose
working with awkward spaces
projects include the yacht-inspired interiors
and
at 125 Greenwich, an 88-storey Manhattan
between front and back of
skyscraper designed by architect Rafael Viñoly.
house, for entertaining guests
And where, traditionally, the world of
and enjoying privacy. “Yacht
yacht design has been a notoriously tough one
designers also know about
for land-based designers to enter, dominated
architectural finishes such as
by names such as Bannenberg & Rowell and
teak, and the colours, textures
Andrew Winch of Winch Design, now the
and layering that are redolent of
growing overlap between luxury homes on
a yachting lifestyle,” comments
land and water – and for an even more rarefied
Dickie Bannenberg, partner at
elite, in the clouds too - is leading to a raft of
Bannenberg & Rowell.
big name interior architects joining the fray. They include Philippe Starck, who has
Miami home by Nicola Fontanella
and, I hope, more in love.”
are
creating
skilled the
at
division
Property designers know how to make yachts feel more
shaken up the conventions of super-yacht
welcoming.
design with his futuristic vessel, Sailing Yacht
interior designers only see
A. “I designed Sailing Yacht A in line with
the yacht. We always design
the personality of the owners and the function
a yacht as a home,” says
required. I use the same rules, the same
Nicola Fontanella of Argent
parameters when designing luxury properties,”
Design, whose land, sea and
“Some
yacht
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Highlights
Kirsten Schwalgien design for a Barcelona apartment
air commissions for one client included
walling and exotic inlays. “We used classic
The way the wealthy use their “homes”,
three properties in London and Miami,
materials in new ways, crafting themes
including boats and planes, is changing, points
two yachts (a 65m and 46m Benetti) and a
to each property and, above all, creating
out Andrew Winch of Winch Design, who is
Gulfstream G65 jet. Common features in
stunning spaces to entertain and live for an
one of the few superyacht designers to have
the London properties and yachts included
international, multi-generation family,” says
made the transition the other way, into jets
lacquered rosewood veneers, custom-made
Fontanella.
and architecture. “They now often choose to spend months at a time on their yachts and it’s not enough to simply have all the facilities available to them on sea as they would on land. It must also feel like home. It is here that the translation of yacht design to home design, and vice versa, begins,” says Winch, who is seeing a trend towards open-plan rooms without corridors on yachts, to echo people’s on-land homes. Having this 360-degree design synergy isn’t simply a case of the super-rich wanting to replicate every last detail of their bricks and mortar properties on water, though. It’s about enjoying a “seamless living experience,” says Karen Howes, founder of design studio Taylor
“We were looking to create the serenity that comes with connection by limiting colour tones and materials and using details that pick up and connect the areas of the yacht as you walk through,” says Jim Dixon, Director, Yachts and Aviation at Winch Design
Howes, who will often design a property for a “super busy” client, only to see them come back and ask her to tackle their yacht and new
“OUR JOB is to ensure that all the PRACTICAL ELEMENTS are TAKEN CARE OF.” 12
plane too. “All of our high net worth clients have access to this 360 degree lifestyle and we are seeing a merging of all of their disciplines,” says Howes. “They want their Private Family Office to be more like their home, their home to have
Highlights
entertaining areas like a private members’ club
prime new developments around the world
cryo-therapy chamber and is seeing a rise in
and the top hotels they stay in, and their yachts
as designers call upon nautical influences.
the number of folding balconies off master
and jets to be more relaxed and homely.”
The Corniche in London, a new luxury
bedrooms on yachts and personal beach clubs on a platform at water level.
Technology is an important part of this
residential tower that sits on the riverfront
seamless lifestyle. The technical, security and
opposite the Palace of Westminster, is designed
Meanwhile, Edward de Mallet Morgan,
audio-visual side must be identical in each
by Foster + Partners. It includes a triplex
Knight Frank’s international super prime
property, so the owner knows they can conduct
penthouse that overflows with references to
specialist, recalls a Parisian apartment in
business wherever they are or continue
the water, including in its large curving rooms
which the bespoke dining table was designed
watching a film from where they left off 2,000
and sweeping staircase redolent of a luxury
to fold up and sit in the back of a Falcon jet. “A
miles ago. “Our job is to ensure that all the
liner. On the opposite bank, another new high-
lot of these things are about the experience.
practical elements are taken care of. These
end waterfront development, Riverwalk, takes
A client will often get the same designer to
people often travel with their staff, who want to
a similar theme with its handcrafted wooden
do their yacht, house, plane and helicopter.
know that everything will work wherever they
interiors and circular entrance hall reminiscent
They want to make all of these spaces feel
are,” says Howes,
of a yacht.
bespoke to them and better than anything
The desire to duplicate elements of the
It’s not just residential property that plays
design may apply to the furnishings too. “We
increasingly on the land-sea synergy either.
Sometimes, though, it’s simpler than
have one client who has the same desk, study
Hotels are getting in on the act too. The Ritz
that. “Our clients like a smooth transition
and bed in all of his homes and on his yacht
Carlton Yacht Collection will launch its first
from one home to the next, with an element
else available,” he comments.
and plane,” she adds. “But then he wants a differentiation in look and style to feel that he has arrived in a different place. He never travels with luggage because he has everything he needs in each destination,” says Howes, who is currently working on a 20,000 sq ft house (1,858m2) in Marbella for a repeat client. Marbella – like Palma de Mallorca and Barcelona - is one of Spain’s many soughtafter waterfront cities that attract high-net worth global individuals to the joint pleasures of luxury property and the yachting lifestyle. Barcelona-based interior architect Kirsten Schwalgien, who spends half her time working on Spanish projects and the remainder with clients all over the world, describes this overlap between property and yacht design as “very
BBJ-1 private jet interior by Winch Design to cater to the owner’s desire for a “flying home”
common and generally ideal. These projects generally start with a yacht or a residential
three Spanish-built luxury cruise ships in
of familiarity,” says Iain Johnson, managing
project. You work well together and the client
2020, creating a new extension of the hotel
director
brand that draws heavily on the private yacht
ALLECT.
wishes you to work on their next project.” Her clients want to feel the distinction in
experience.
of
the
London
design
house
Two of his current projects – an Italian
design between being at sea and being in their
As ultra-high net worth types enjoy this
super-yacht and a new 17,000 sq ft (1,580m2)
primary residence in a capital city or coastal
seamless existence across land, sea and air,
“super house” development near Harrods in
holiday home, she says. “But people are also
their expectations of how to have fun in each
Knightsbridge – have a definite “synergy”,
quite repetitive and they have routines that
space become ever more incredible. A snow
says Johnson. “Both require impressive public
affect how specific rooms are laid out. I analyse
room on a yacht was a recent revelation for
and private zones for family and guests, one
closely how a client lives, down to where they
Karen Howes, who says she is increasingly
of a kind materials and items that give the
like to drink their coffee in the morning, and
asked to design secure art rooms – even on
space a hand-crafted, artisan touch and top
then I create a design that fits with the property
yachts – to display a private collection. Toby
of the range, user-friendly technology,” he
or yacht.”
MacLaurin, sales and marketing director at
says. “Super-yachts and luxury residences are
The blurring of lines between homes
yacht brokers Ocean Independence, mentions
both homes. When one advances, the other
on land and sea can be increasingly seen in
his surprise at coming across an on-board
surpasses it.”
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Creating
ART collections A
rt is a world onto its own; an ephemeral part of life that is all about free expression and creative impulses. Art opens a window to the soul, and like sport, music and film provides hardworking people with an escape into another dimension. However, it is also a unique but important industry in its own right; a global sector in which enthusiasts, museums, collectors and investors generate large sums in the acquisition of priceless classics and the works of upcoming new talents. We spoke to a selection of art experts about building art collections.
By Michel Cruz Image courtesy of Maite Coloma
Qin Feng, Zodiac – Scroll II, VIII, VII, IX, 2010 Ink and coffee on ceramic paper 300x84cm each
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Ling Jian, Golden Hall, 2017 Oil on canvas 150cm diameter
A world of art Museums and cultural institutions are the classic large-scale collectors of iconic artwork from around the world and from antiquity to the present day, but corporations and private enthusiasts and investors have also always been important players in this rather singular field still dominated by prestigious auction houses such as Sotheby’s and Christie’s. The main international centres of this trade are London, New York and Paris, through which much of the world’s fine art finds its way to collectors and cultural institutions around the world. Here they adorn the halls of museums and beautify luxurious homes and mansions, sometimes travelling the world as part of popular temporary exhibitions.
© Ling Jian and Fabien Fryns Fine Art Ltd
Other pieces remain shut away in the private collections of the world’s most important
Anthony Gormley, Peter Halley, Keith
try to understand the concept behind it.
investors, but for those just starting out art is
Haring, Henry Hudson, Richard Hudson,
Challenge yourself as much as possible and
a world waiting to be explored and discovered,
Anish Kapoor, David LaChapelle, Robert
take calculated risks. You’ll notice that your
where the collector gradually grows within
Mapplethorpe, Shirin Neshat, Julian
tastes will change and evolve, which is good,
a process that can be highly rewarding
Schnabel, and Andy Warhol among others.
as the market moves very quickly. Finally,
financially and personally.
After 18 years of primary gallery experience,
buy for enjoyment as well as investment.”
Fabien Fryns
Fabien Fryns Fine Art now acts solely as advisors to private collectors and institutions,
Maite Coloma
and continues to promote the established Fabien Fryns has been active in the
and emerging artists they have been working
Maite has an MA in East Asian Art from
contemporary art world since 1986, primarily
with.
the Sotheby’s Institute of Art in London
as a collector and advisor to both newly initiated clients and established collectors. In the early days, Fabien collected and placed
Creating a collection
specialising in Chinese painting, but she is also very knowledgeable in the general contemporary art scene. She runs Blossoms
works by Miquel Barcelo, Jean-Michel
“I would advise people to expose themselves
Fine Art, a Madrid-based art consultancy
Basquiat, Louise Bourgeois, Robert Combas,
to art with an open mind. Don’t go for what’s
that gives guidance to collectors interested
George Condo, Adam Fuss, Nan Goldin,
familiar and easy; look for exciting work and
in Chinese contemporary works. 15
Highlights
Getting started “At the beginning it is quite important to have a mentor you can trust and ask questions of, someone who can introduce you to a sometimes, closed art world. There are things
Image courtesy of Maite Coloma Liu Bolin, Hiding in the city – Temporary wall, 2008 Archival pigment print 118x150cm
about the artist to be taken into account too, such as his/her consistency over time, for which you often have to see early works or the number of museum exhibitions and private collections that have acquired his/ her work.” It is equally important to ‘train the eye’ by visiting art fairs and exhibitions. Do not hesitate to ask the gallerist questions about the pieces, then to learn more about them, research the artists you like. Start buying affordable pieces until your taste is developed and you know what you like.
Mercedes Duerinckx Mercedes founded the Art Wanson Gallery as an extension of an internationally renowned family business that stretches back several generations. Harnessing her passion for and know-how of art and the art world, she has built a gallery and art consultancy that offers inspiring collections and exhibitions in situ but also sources artwork for her clients from around the world. The latter include private collectors as well as museums and other cultural organisations. “As advice to art investors and collectors who want to get started, I would say that it isn’t necessary to spend vast amounts of money to create an interesting, rewarding portfolio that also has great investment potential. We know the market, what are realistic values, and which artists are upcoming and have a good chance of making it big, so we use this knowledge to advise our clients to buy wisely and create intriguing, beautiful collections that are likely to produce great returns, as well as give them pleasure as RizonJet Doha (State of Qatar). Image courtesy of Wanson Gallery
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they gain experience as collectors.”
Highlights
Roads less travelled & the
BENTLEY Continental GT By Sam Hexter-Andrews
T
Photography by Annie Rose. Vehicle courtesy of C. de Salamanca
here
are
throughout
many the
locations
world
steering wheel, quilted leather on the seats and
motor vehicle. Every surface exhibits a superior
that
the Bentley emblem delicately embroidered
quality finish to see and touch. Even the inside
boast stirring vistas and unique
into the headrest. The interior build quality is
of the door handles, an area you’ll never lay
landscapes; but perhaps none so
second to none. The interior on our car was
eyes on, is finished with a tactile machined
beautiful as the mountain passes that vein out
finished in a deep Piano Black with chrome
texture. It’s in these seemingly minuscule
from the heart of Marbella. Once you decide
accents, a true statement of modernism.
details that Bentley truly outclasses many
to head north, leaving the bustling cityscape
There’s even an option to hide the sat-nav
other luxury marques in today’s market.
and crystal coastline, Andalusia will reward
and infotainment system in favour of classic
When the twin-turbocharged, 6-litre W12
you with some of the most glorious, smooth,
chronograph dials and a compass, paying
roars to life for the first time, we’re greeted by
serpentine tarmac that Europe has to offer.
homage to grand tourers of old.
a bellowing soundtrack that would be chasing
And so what better place than the mountains
Each piece of switch-gear is finished like
us up the valleys for the next several hours.
of Sierra de las Nieves, to get a full flavour of
exquisite jewellery. Its headlights resemble
A short drive through town cemented early
Bentley’s new luxury grand tourer, the 2019
fine-crystal whiskey tumblers rather than
on just how usable the GT is for daily driving;
Continental GT. Visually, the
anything that should ever be found on a
with a healthy 664 lb-ft of torque available
new
Continental GT is a truly stunning piece of design that exhibits
clean,
sweeping
superformed lines and a wide, low body, evoking a sense of speed and presence, even when completely stationary. This sleek styling amplifies inside the coachwork, with the cabin offering genuine luxury real estate for its occupants. Every leather-wrapped panel is hand stitched, as is the
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from just 1350 rpm, driving at low speeds is truly an effortless and leisurely affair. You
more untamed. The outside air thins, tasting
gave plentiful opportunities for the locals and
clean and crisp. At approximately 750 meters
tourists to bask in the gravitas and presence
above sea level, you’ll discover the ancient city
of the Continental, and certainly made for
of Ronda. Set above a deep gorge named El
photographs with stirring composition - a
Tajo, over a 100 metre sheer drop that separates
new, brilliant feat of engineering juxtaposed
the city’s 15th-century new town from its old
between buildings and landmarks that are
town, dating to Moorish rule. Puente Nuevo, a
hundreds of years its senior. Before long, we
stone bridge spanning the chasm, has a lookout
began our return journey, enjoying each twist,
that serves up some spectacular scenery.
apex and rolling panorama as if it were the
Ronda wasn’t set to be our final destination
first time again, but now at a thrilling paced
fuel
for the Bentley however, as in true grand
descent, putting the GT’s enormous 420mm
economy, thanks to new variable displacement
touring heritage, the destination is the most
iron discs to the ultimate test.
technology that causes one entire bank of
inconsequential part of the journey. Instead,
As cues of familiar civilization grew
cylinders to disengage, reducing the number
we traversed Puente Nuevo, taking in the
more frequent, we knew our time with the
in operation to six without the driver ever
sights and sounds of the ancient city; seemingly
Continental was coming to an end. It had
noticing. As soon as the throttle body opens to
worlds away from Marbella’s throngs of
proven itself as more than a brilliant grand
a certain threshold, the engine then reengages
glamour, and yet still only an hour away. It also
tourer. The connection between car and driver,
can
even
enjoy
some
respectable
all 12 cylinders. But for the rest of the trip, we’d be sure to let the 626bhp W12 sing. As we begin our climb, passing several small ventas peddling fresh oranges, the roads begin to narrow around the wide haunches of the GT. As the turns tighten, more opportunities arise for the Continental to show off its new, sharper handling. Tipping the scales at over 2244 Kg, this heavyweight grand tourer is exactly that. But it certainly hides its mass well at speed, offering great turn-in, making it feel far more nimble than a vehicle of its weight or size ever should. Our meandering path ahead began to widen again, opening to long sweeping turns that reveal more of the endless sea of layered mountains and valleys below. With the W12 motor effortlessly surging forward, the wider track enabled us to experience the huge levels of mechanical grip and stability on offer. Even in Sport mode, the ride remains supple and
like that between horse and rider, needs to
feels to barely compromise damping at all.
close, emotional and purposeful, and whilst
And in comfort mode, it can hardly feel like
not having the dexterity of a sports car or
you’re in a 333km/h land-based vehicle at
the exhilarating power of a supercar, the
all, with the air suspension providing a crisp,
new Continental still manages to offer that
smooth ride.
affiliation, whilst providing pure opulence and
The higher you ascend, the more dramatic
an unwavering sense of majesty. The GT always
and sparsely inhabited the desolate landscape
felt capable and athletic, and never left me
becomes, with small valleys turning into gaping
wanting for anything. And aesthetically, I think
crevasses. The sunlight begins to shade distant
it may be one of the most gorgeous realised
mountains in a dark royal blue and the rocky
joint ventures of art and engineering of all
passes that besiege the roads become even
time. It’s a masterpiece.
18
19
The branded
RESIDENCES BOOM
20
Highlights
Whether it’s an apartment designed by Armani, a penthouse where your Porsche will be transported to your door in a bespoke lift, or a condo where you can enjoy on-tap cocktails from Ritz-Carlton, having a branded home these days is big business. By Zoe Dare Hall
T
here
are
more
developments
than
with
400
some
new
55,000
branded residences around the world. Traditionally, that means a hotel-
led scheme whose integrated or linked properties come with the built-in security and reputation for quality that the brand brings, plus access to the hotel’s management services and luxury facilities. “Wealthy buyers want the five-star hotel service they experience in their travels to exist in their homes too,” explains Knight Frank’s prime central London development expert Ian Pidgeon of the appeal. Leading the way among hotel-branded residences is the Marriott, which has lent its name to a third of the world’s branded schemes, with a further 60 in the pipeline. But in this ever-expanding and diversifying sphere, non-hotel brands are entering the fray – in particular, fashion designers including Missoni, Armani and Versace, and premium car marques such as Porsche, Aston Martin and Bugatti. Such partnerships are particularly loved by property developers in Miami and Dubai. They are both locations that love their
The Royal Atlantis Resort, Dubai, see page 133
bling and attract wealthy, global buyers who instantly recognise the brand and know what to expect, even though their off-plan property probably won’t be built for a few years. In the meantime, the developer can build the hype – such as at Miami’s Porsche Design Tower, whose futuristic car elevator, the Dezervator, has become a celebrity in its own right. And in Dubai, there’s big excitement over the new branded residences that will form part of the world-famous Royal Atlantis Resort on The Palm. “They are set to be a new icon for Dubai,”
Opposite page: one of Finca Cortesín´s many leisure areas Above: Four Seasons Hotel and Private Residences, Madrid, see page 122
21
Highlights
says Knight Frank Dubai partner Maria Morris of the
food and beverage available 24 hours a day – but you
huge oceanfront residences that will enjoy the hotel’s
do need a properly trained concierge and excellent
lavish facilities and services. Glamorous as it is to say
management,” he comments.
you have a home made by, say, Missoni – as is the case
Branded residences began in the US nearly a
on the Miami waterfront – it seems more logical for
century ago, when the Sherry-Netherland hotel
a Marriott or Mandarin Oriental, who are experts in
opened in Manhattan in 1929. The concept really
Sydney view from Crown Residences at One Barangaroo, see page 130
hospitality, to provide your in-house chef and turn
began to take off in the 1980s, however, when Four
down your sheets at night rather than a brand known
Seasons opened condos next to its hotel in Boston
for its colourful knitwear. But actually, says Ian
and Aman hotels took the concept to a resort setting
Pidgeon, having a hotel as the brand isn’t essential
in Thailand.
to the success of the scheme. “You don’t need to have
Now, North America claims a third of the world’s branded schemes. But Asia – particularly Thailand,
“WEALTHY BUYERS want the five-star HOTEL SERVICE they EXPERIENCE in their travels to exist in their HOMES too,” 22
where 40% of new developments are branded – is following hot on its heels. Australia now claims its first branded residences project too - One Barangaroo on the Sydney harbour front, practically within earshot of the Opera House. The new six-star Crown Resort hotel will service the 82 residences, which are available through Knight Frank. Europe has been slower to latch on, accounting for just 7% of branded residences globally. It’s partly
Highlights
because in Europe, “there is less demand for branded
offering access to hotel services or by being
things, period,” comments Piers Schmidt from The
architecturally outstanding in some way.”
Luxury Branding consultancy in Knight Frank’s
Prime city centre locations are favoured by
Branded Residences Report 2019. “Developers
two thirds of branded residence schemes globally.
are less prone to license a brand to move their real
Barcelona will soon see completion of its first branded
estate [in Europe] because they know their asset has
hotel residences, the Mandarin Oriental Residences,
appeal,” he adds.
among the designer boutiques on prestigious Paseo
But Europe is a potential area of great growth in branded residences – and nowhere more so than Spain, whose luxury market is just starting to latch on to the appeal of having five-star facilities on tap.
de Gracia. They will be the luxury hotel group’s first standalone residences scheme in Europe. Besides the right location, the essence of the brand must flow subtly throughout the project.
Madrid’s new Centro Canalejas – a high-end retail complex housed in seven historic buildings in the city centre, set to open in late 2019 – will include Spain’s first Four Seasons hotel, complete with 22 private residences on sale from €3m. Buyers so far have been 50% Spanish – mainly from Madrid – and 50% from overseas, notably South America and the Middle East. As an investment destination, Madrid has become hot property. Prime prices rose by 8.1% in 2018 and are forecast to rise by 6% in 2019, placing it at the top of Knight Frank’s prime residential forecast for global cities. Central to Madrid’s appeal to investors is its relative value, attractive lifestyle and healthy tenant demand. Yet Spain has been slower than other countries to latch on to the branded residences concept. “Spain has been going through a big recovery process since the global crisis, and Madrid, in particular, has become a key focus for international A private residence at Finca Cortesín
investment. The capital is now one of Europe’s major cities in terms of tourism, infrastructure, education,
“When the client enters their residence, they must
leisure and gastronomy. It’s encouraging many
instantly feel a direct connection with the brand that
investors to consider developing high-end schemes
is sponsoring the project,” comments Carlos Zamora.
with the seal of a prestigious brand, such as Four
“In the case of the Four Seasons Private Residences
Seasons Private Residences Madrid,” comments
Madrid, you feel the sense of exclusivity and quality
Carlos Zamora, head of residential for Knight Frank
that’s synonymous with the brand, as well as being
Madrid.
able to enjoy all the comforts and services the hotel
“We believe it is a model that will be repeated
offers its guests.”
mainly in Madrid and Barcelona. Clients in these
Sales at these landmark schemes in Madrid
cities are more sophisticated and demanding, and
and Barcelona show a healthy appetite for high-end
they have an increasingly international profile, so
branded schemes in Spain. Now, more are set to follow
prime projects must adapt to their needs by offering
– and they are branching out beyond Spain’s key cities
all kinds of services and amenities,” Zamora adds.
to Marbella.
“It’s a way of differentiating a prime project from
Four Seasons has earmarked a prime site near
the rest of the market, making it more exclusive by
Los Monteros on the eastern side of Marbella as the
23
Highlights
location for its second Spanish resort – a locally-
it has slowly, discreetly taken this period of recovery
adapted version of Miami’s upmarket Surf Club in
since the crisis to become a highly desirable one of
partnership with the US developer Fort Partners.
its own.
The privately-owned residences will form part of the
The developers of Francesc Macià 10 - whose
hotel’s accommodation, earning owners significant
eight huge, lateral residences in a converted landmark
revenue when they are not using them.
Bauhaus building are described as Barcelona’s first
W, the hotel chain that transformed Barcelona’s
super-prime residential scheme – have followed a
beachfront when it opened in 2009, has also chosen
similar path. Rather than recruit a global brand, they
the Costa del Sol resort for its new venture, The
have put together a local team with local expertise
Residences at W Marbella, scheduled to open in
and knowledge, explains José Caireta, co-founder
2021. The resort – part of the Starwood-Marriott
of developers Squircle Capital. “Not only is this cost
group - will overlook Real de Zaragoza beach and
saving, but it ensures independence, a more personal
include 100 W-branded apartments and villas for sale
service and flexibility.”
The converted landmark Bauhaus building at Francesc Macià 10
with access to all of the hotel’s amenities, including dining, housekeeping and a private pool.
24
For developers who do choose to partner up with a global brand, the options are limitless. If it can work
Spain is also showing a talent for developing its
with luxury car and clothes brands, why not with
own brands of luxury residences. Finca Cortesín, near
big tech, wellness or eco brands? The Ritz-Carlton
the Moorish whitewashed town of Casares on the
Residences Miami Beach is setting itself apart from the
Costa del Sol, launched just before Spain’s property
competition with facilities such as the first residential
market was hit by the global credit crisis. Yet a decade
sharing room, where residents can borrow each other’s
or so later, the five-star cortijo-style hotel and large,
golf clubs, designer handbags or vintage artworks.
luxury villas, set on one of the country’s best golf
For buyers, it’s all about finding a place and
courses, has built a reputation as one of the best
product that chimes with their character and lifestyle.
boutique resorts in Spain. Rather than buy into the
It’s like living with an old, cherished friend – one who
name and reputation of an already established brand,
needs little introduction.
Highlights
MARKET REPORT 2019 By Michel Cruz
After a five-year period of sustained growth, it seems there is now a change in the air. Whether they are early tidings of a general cyclical shift, a result of factors such as Brexit or something more local in nature, there are some signs that are urging us to take our foot off the accelerator and take stock, the better to judge the prevailing conditions. Looking ahead – what’s in store for the market? The figures tell us that 2018 was another year in a series that started – at least in the Marbella area – around 2013. Here the market bottomed out in 2012 and began a gradual recovery in 2013 that had accelerated into a new growth cycle by 2015, with strong demand for the new modern villas and apartments being built both then and now. However, while some Spanish regions, including Andalucía, are still in full upswing, others are beginning to see a slowing down of growth. With a drop-off in enquiries and sales in H2 of last year, albeit with a rallying of activity towards the end of the year, this appears to apply to Marbella and the Costa del Sol as well, which drive much of the growth in Málaga province – itself consistently one of the most important and dynamic property markets in Spain.
25
Highlights
lows – predominantly by cash
Property sales in ‘The Golden Triangle’ show a 56% increase from 2012 to 2018
buyers. And yet, just lately there has been a tailing off of demand, which seems to indicate something is afoot.
The factors at play It is tempting to look straight to Brexit and gathering macroeconomic clouds for an answer, but before we do let’s analyse things closer to home. More specifically, let’s look at the interaction between Source: Ministerio de Fomento
*Provisional, unconfirmed figures for the fourth quarter 2018
the main factors at work in our market, namely: Supply,
Where the market is at
driven primarily by new-build modern homes
Demand, Price, Cost and
Sales for the so-called Golden Triangle
and – in spite of the fact that banks are
Planning.
(Marbella, Estepona and Benahavís) had
lending again and interest rates are at historic
been rising since 2011, with the exception of a small dip in 2016 caused by the aftershock of the Brexit referendum in H2 of the year. The number of transactions registered rebounded in 2017, with strong international
We can all agree that there
Comparative values in the Golden Triangle (Marbella, Estepona, Benahavís) How many square metres does 1.000.000€ buy you in:
has been a ‘white revolution’ of modern styled properties on the coast since the construction machine
demand and a resurgent British market, yet
cranked back into life around
in 2018 it stabilised due to a relatively poor
2012. The first new projects
showing in the second half of the year.
sold so well that it became clear there was a shortage
Growth levelling off
of such homes relative to an
Agents in the region reported a pick-up in
eager demand for the latest
enquiries at the end of the year, but by and
styles, build qualities and
large the stabilisation has continued into
high-tech amenities, but now
2019. What does this mean? Not necessarily
we seem to be approaching
anything too ominous, as it wouldn’t be such
a situation where supply has
a bad thing if we were to hold on to the present
caught up with demand and
level of sales activity, but in reality a slow-
is in danger of surpassing it.
down in growth is usually followed by a drop,
This is nothing new, as
not an extended period of level activity. It’s
we’ve experienced it before,
therefore important to look at the possible
and it seems to be confirmed
causes behind the latest trend.
by a record number of new projects in Málaga province
Marbella is a bit of a national indicator, as it
being signed off by the
tends to be ahead of the curve economically,
Colegio de Arquitectos
and it’s in part due to the fact that it is so
(Institute of Chartered
dependent upon and in tune with the broader
Architects) in 2017, and
European economies. Demand from these sources has been solid for some time now,
26
then again in 2018, when it *Above prices for luxury villas/apartments
increased by 57%.
Highlights
New build vs Resales 2012-2018 by municipality
*Provisional, unconfirmed figures for the fourth quarter 2018 Source: Ministerio de Fomento
Over-supply?
faster than the properties built on them,
With a slight time-lag, this translates into a
construction costs are similarly putting
record number of new projects entering the
pressure on investors’ margins, and the rising
market, and while they are mostly smaller in
house and square metre prices are beginning
scale than during the boom of the 2000s,
to put buyers off – especially in a market with
there is a worrying lack of variety, as many
so much choice and the best locations taken.
seem to focus on the same mix of design, amenities and price range. Feedback from
Value
the market is that the greatest drop in sales
High prices are not sexy unless you’re in a
has been seen in the lower-to-mid range,
rapidly upwardly mobile economy, and while
which appears to be suffering from a degree
top-end buyers are willing to pay a premium
of oversupply and over-competition. The
for well-located modern villas and apartments
more idiosyncratic offering of the top-end
that offer true villa specifications, the recent
of the market looks to be more robust, and
rise in popularity of cheaper areas such as
those brave enough to veer away from the
Manilva indicates that the lower half of the
lowest common denominator are finding
market is coming full-circle and searching
rewarding niche segments in the market,
for value in the form of repurposed, previously
though in Marbella, where there is in fact
unsold stock of the kind being snapped up
a shortage of new projects, the scenario is
in and around Marbella between 2010 and
quite different.
2014. The surrounding areas have recovered more slowly than Marbella, but they are also
Price and cost
drawing buyers through attractive prices
It therefore appears that, external factors
in a Costa del Sol market that seems to be
aside, there is a strong appetite for the
losing the battle against value, as the average
lifestyle and properties of this region, but that
price increase in 2018 ranged from 3% to
oversupply and high prices are beginning to
7% depending on location and property type
have an adverse impact on the market.
within the Marbella area.
Earlier projects saw developers buy the best plots of land cheap, build at a lower cost and
Off-plan versus Re-sale
sell faster, yet now land values have risen
If it was modern off-plan developments that
27
Highlights
were driving the market in recent years, they
minimalist styles, so people seem to be
are also the ones whose prices (especially per
more open to classic-contemporary blends
m2) have been growing fastest. This is partly
than they have been for a while, yet modern
driven by consumer demand, partly by rising
infrastructure and amenities as well as build
producer costs and also by the mechanism
qualities remain high on most buyers’ wish
of raising prices between successive stages
lists.
of a project. The latter, like flipping, can only be maintained in a buoyant market, and
New versus established areas
adds to the latest trend away from off-plan
Location is the king of real estate, so sea or
domination and back towards re-sales.
waterside views can fetch up to 25% more
The latter are seen to offer more m2 for your
for an intrinsically similar home, while golf
euro, and often in established areas.
and country club locations like branded
Modernising existing stock
properties can add 15% to the value. Limited supply combined with a frontline beach
Quite apart from hitherto unsold
location and lots of pedigree makes the
repossessions, the market for renovating
Golden Mile a prime address that has recently
and modernising older properties is one
been capable of square metre prices in excess
that remains solid and is in fact gaining in
of €20,000. Other established areas are
popularity again. This is because people are
similarly still much in demand, and while
seeing more potential value in it, and it will
much of the recent growth has been in
remain a solid segment as long as selling
up-and-coming zones such as the New Golden
prices and renovation costs do not grow so
Mile, Estepona West, Marbella East and
quickly as to render the option increasingly
La Cala, they still have some catching up to
unattractive. The success both private
do in terms of intrinsic appeal, since their
investors/homeowners and specialised
recent competitive advantage has been more
businesses have had with updating existing
about availability of land and building
villas and even apartments, shows that the
licences, as well as value for money.
buying public will certainly consider a re-sale property as long as you make it sexy and
The Golden Triangle
appealing. In fact, just lately there seems to
While Marbella solves its planning issues,
be a little fatigue with modern white
Benahavís, Estepona, Ojén and Mijas have stepped in to absorb much of the recent
Percentage contribution of foreign buyers:
growth in what can generally be described as a broadly beneficial spreading of development and investment. It has levelled the playing field a little and given developer and buyer alike a broader range of options than before. For now, however, we’re witnessing a cooling off of demand in the new areas, as they too see prices rise perhaps more quickly than the market can carry right now.
How the market is responding So how does the market respond to this? If average sales times begin to grow this will eventually put pressure first on the phased Source: Colegio de Registradores de la Propiedad
28
price increases of off-plan projects, and
Highlights
Ranking of foreign nationalities buying Spanish property (nationwide) Percentage shows share of each nationality over the total foreign buyers for each year
Source: Colegio de Registradores de la Propiedad
ultimately result in reduced prices. We expect
For one, we will have to see a cooling off
prices to begin to stabilise and later drop a
of land and construction costs as well as an
little, as always starting with those properties
easing of property prices if the investment
that feel the pinch of competition strongest
market is to regain its dynamism, as well as
and/or are less favourably situated. So don’t
a resolution of the Brexit impasse. But that’s
expect many bargains in prime locations
not to say that brave, unique and also truly
anytime soon.
luxurious initiatives can’t be successful.
Investors
Buyers
The fact that some American and European
The success of projects such as Emare, Epic,
funds are not as active as they were a few
Nine Lions, The Edge, The View Marbella
Top 10 nationalities searching for property in Marbella in 2018
Source: DM Properties/Knight Frank
years ago in the local market or at the very
and similar high-spec developments in top
least in land banking, is an indication that
locations offering relatively rare villa space
the market could be slowing down, as the
and comfort in an apartment/penthouse
institutional investors who prefer steady
configuration, shows once again that, if
returns to risk may be losing confidence in
it’s the right fit, the top end of the market is
the short-term prospects of new projects.
more resilient than the broad middle belt.
29
Highlights
For this reason, many who could previously afford prime locations within Marbella/Benahavís/Estepona are now
Relative Values How many square metres of prime property does US$1m* buy in key cities?
looking at less expensive ones here and in neighbouring areas. As far as our own demographics are concerned, they show that younger generations (35-44) rank first in property searches, followed by the 45-54 age bracket and 25-34 year olds are third on the list.
Developers Creative, innovative products offered by developers who have the strength of their convictions might just fill a hitherto uncatered for niche, but that can be easily said and not done if your costs are already high and your margins tight. Need is the father of invention and creativity, so new and exciting need not always be costlier, though naturally it is riskier than the tried and tested formula that too many follow.
The bottom line Before we get down on ourselves, let’s be reminded that though market conditions have got a little tougher in the past few months we haven’t officially entered anything near a recession or downturn. If anything, construction, sales and rising prices will continue to grow moderately for some time to come, but if we’re to avoid choppy waters it pays to look potential threats in the eye and be prepared for them, so let’s be creative, offer value and allow the real estate offering to evolve and diversify, and we’ll find the intrinsic demand for property on this coast is as strong as ever.
30
Sources: Knight Frank Research, Douglas Elliman, Ken Corporation, DM Properties
PROPERTY CONTENTS
BenahavĂs
62
Marbella
110
56
108
112
32
Estepona
Casares
Inland
International
31
BenahavĂs
International allure in LA ZAGALETA
mansion
The select country club of La Zagaleta in the hills overlooking Marbella offers its discerning international homeowners natural splendour, privacy, exclusive services and some of the finest villas on the Mediterranean. This villa ranks among the finest homes in La Zagaleta and Marbella. By Michel Cruz/Photography Charly Simon
32
Benahavís
T
he first sign of a distinguished property is the sense of
Luxurious residence made for stylish entertaining
arrival it offers. Automatic gates that glide open effortlessly
The space, amenities, style and distribution of this luxurious villa
to reveal an imposing driveway and forecourt with deluxe
make it a superlative residence that is just made for entertaining
undercover parking surrounded by greenery, water
lucky guests and visitors in the very finest of contemporary
features and the architectural outline of the villa set the tone for this
Mediterranean settings. Follow the focal point of the vistas that come
outstanding home.
into view the minute you open the front door and you see the sea
The volume and quality of the property are immediately evident, dressed with understated refinement and imbued with the signature
shimmering beyond the sleek swimming pool, which appears to float in mid-air.
architecture of Marcos Sáinz. This impression is confirmed when you
An elegantly concealed lift is situated on the left-hand side of the
step through the imposing solid front door with its beautiful detail and
entrance hall, which flows on to a large central hallway resplendent
enter a hallway flanked by a beautifully styled circular staircase. A study
in natural light. “We chose the property for its exclusivity, peace and
in elegant forms, it is one of the many eye-catching design elements
incomparable views, as well as the perfect architecture,” says the
of the home.
owner.
33
BenahavĂs
A large, comfortable reception room flanked by a cosy family TV room and a dining room leading on
breath-taking views of the surrounding hills, valleys and the Mediterranean Sea.
to a state-of-the-art kitchen with restaurant-level
This view is symmetrically detailed with two
catering capacity connects along the full length of
impressive fire bowls, which create a stunning
the house with a terrace. The latter provides outdoor
visual impact when lit in the evenings. The adjacent
lounge and dining areas that are an extension of the
covered chill-out area is an ideal spot from which
indoor space, whilst overlooking manicured Bermuda
to relax and enjoy the sunset and views. Stairs
grass lawns and a panoramic swimming pool and
lead from the beautifully appointed modern
deck that maximises the infinity edge impact amid
laundry and pantry down to a professional home
34
cinema and wine cellar, and a spa area with gym, changing rooms/bathrooms, sauna, steam bath, showers, treatment rooms and heated indoor swimming pool whose design, ambience and amenities leave many luxurious five-star deluxe resorts behind. “It’s a superlative home with views that take you by surprise by day and night.” They are shared by a fully independent apartment, positioned below the guest wing on the ground floor. Naturally, in a property of this standing, there is also a multi-vehicle garage in which to keep your car collection in style. The top floor is given over to a series of luxuriant bedroom suites, each with its own signature bathroom in combination of black, richly veined brown and also lighter-toned marble sourced from around
ACCOMMODATION INCLUDES:
the world, while the his and her dressing rooms offer the convenience of a boutique within what is quite simply an outstanding contemporary mansion in La Zagaleta.
6,654 1,925
ASKING PRICE: On Application 35
Benahavís
La Zagaleta FRONTLINE GOLF HOME Perfection awaits the discerning buyer at this Andalusian style villa overlooking the prestigious La Zagaleta golf course and situated within a meticulously manicured garden with infinity swimming pool. The magnificent home boasts a grand two-storey entry with fine mouldings, lounge with fireplace and gourmet kitchen. Approximately 1,312m² built on a plot of 5,254m². ACCOMMODATION INCLUDES: 5 bedrooms 5 bathrooms Master bedroom with private terrace Gym, sauna, cinema, games room & bodega Garage for 6 cars Infinity pool
ASKING PRICE: 4,900,000€ Ref: DM2021
La Zagaleta GOLF VIEWS A contemporary villa with beautiful mountain and golf views situated in the exclusive estate of La Zagaleta, at a 15-minute drive from Marbella. This property is distributed over three levels offering lovely gardens with a large swimming pool. Approximately 1,035m² on a plot of 3,206m². ACCOMMODATION INCLUDES: 5 bedrooms 5 bathrooms Heated indoor pool Spa & Turkish bath Garage for 4 cars Wine cellar
ASKING PRICE: 4,800,000€ Ref: DM2947-02 36
Benahavís
La Zagaleta ELEGANT COUNTRY CLUB LIVING This traditional style villa is set in Marbella’s most exclusive community with spectacular views over beautiful natural countryside. La Zagaleta Country Club and Golf Resort has wonderful facilities, from the scenic golf courses and horse-riding centre to the elegant clubhouse with its restaurant, pool area, bar, lounge, billiards room and helipad. Approximately 618m² built on a plot of 3,140m². ACCOMMODATION INCLUDES: 5 bedrooms 5 bathrooms Gym, games and cinema rooms Access to golf courses and helipad Spectacular mountain views 2 car garage and 2 car carport
ASKING PRICE: 3,750,000€ Ref: DM3952
La Zagaleta TROPICAL VILLA RETREAT Nestled within a totally fenced plot amid a tranquil expanse of greenery in Marbella’s most highly sought-after residential estate, this stylish villa looks south, taking in views across Marbella’s coastal region all the way to Gibraltar and North Africa. Built to the highest standards, the villa can easily be extended from 3 to 7 bedrooms. Approximately 941m² built on a plot of 6,417m². ACCOMMODATION INCLUDES: 3 bedrooms 3 bathrooms Designed by architect Melvin Villaroel Main house and guest quarters Panoramic coastal and sea views Possibility to add more bedrooms
ASKING PRICE: 4,950,000€ Ref: DM3476 37
Benahavís
La Zagaleta STUNNING PANORAMIC VILLA
ACCOMMODATION INCLUDES:
El Ciprés is an outstanding brand-new south facing residence with panoramic views
10 bedrooms
of the Mediterranean Sea, Gibraltar and the African coast set on a plot of 8,000m²
10 bathrooms
in the sought after La Zagaleta Golf & Country Club. This private estate is gated
Gym, spa, sauna and steam room
with 24-hour security and offers its residents a variety of sporting facilities as well as
Interior and exterior pools
helipad, equestrian centre, two 18-hole golf courses and red carpet services such
Panoramic coastal views
as helicopter transfers and property management. Designed by Tobal Arquitectos,
Private garage and 4 car carport
this property features architecture that combines modern aesthetics with innovative technologies and natural textures, carefully merging it with the environment. Approximately 2,560m² built on a plot of 8,209m².
Ref: DM4035
38
ASKING PRICE: 13,900,000€
BenahavĂs
39
Benahavís
La Zagaleta CONTEMPORARY ANDALUSIAN RETREAT
ACCOMMODATION INCLUDES:
A sublime newly built contemporary home spread over three floors
8 bedrooms
with private lift and boasting an elegant leisure area featuring an indoor
9 bathrooms
swimming pool, large gym, spa, home cinema, snooker area and
Indoor and outdoor swimming pools
trendy bodega-bar. Constructed to the highest specifications,
Lift to all floors
the villa offers fantastic open south-facing sea views from every room.
Landscaped gardens and stunning sea views
La Zagaleta offers 24-hour security and two 18-hole golf courses,
8 car garage
tennis courts, riding stables and club house. Approximately 1,965m² built on a plot of 7,350m².
Ref: DM4089
40
ASKING PRICE: 12,750,000€
Benahavís
La Zagaleta MAGNIFICENT FAMILY HOME
ACCOMMODATION INCLUDES:
This exceptional villa is ideal for a family home in a secluded enclave within
6 bedrooms
the sought after country club estate of La Zagaleta. The property enjoys
6 bathrooms
wonderful views to the mountains and across to the Mediterranean Sea.
Mountain and sea views
Recently redecorated, it offers spacious accommodation distributed over
Spa and wine cellar
three levels, with a grand entrance hall, an impressive living room with
Space for cinema and gym
fireplace, separate sitting room, large fully fitted kitchen/dining room, six
6 car garage
en-suite bedrooms and a study. The basement level features a private wine cellar, spa, billiards room and space for a cinema and gymnasium. Approximately 1,172m² built on a plot of 6,054m². Ref: DM4041
ASKING PRICE: 5,900,000€
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Benahavís
El Madroñal ELEGANT COUNTRY RESIDENCE A charming villa set in the pine cork forested residential private estate of El Madroñal with magnificent views to the coastline and mountains. Close to San Pedro de Alcántara and only 40 minutes’ drive to Ronda, this home is set on an extensive plot that allows for further expansion. Approximately 772m² built on a plot of 6,955m². ACCOMMODATION INCLUDES: 6 bedrooms 5 bathrooms Private heated pool and garden Guest apartment Panoramic views over the coastline and sea 2 car garage and carport for 2 vehicles
ASKING PRICE: 2,500,000€ Ref: DM3599
El Madroñal SPACIOUS COUNTRY HOME A traditional Andalusian style villa blending perfectly into its surroundings, this property is situated in El Madroñal, one of the most sought-after locations in the area. The master bedroom suite features a vaulted beam ceiling, dressing area and private bathroom leading onto an enchanting balcony and open terrace. Approximately 598m² built on a plot of 8,820m². ACCOMMODATION INCLUDES: 7 bedrooms 6 bathrooms Large terraces and patios Independent guest accommodation Outdoor swimming pool and mature garden 2 car garage
ASKING PRICE: 1,950,000€ Ref: DM3833 42
Benahavís
El Madroñal ELEVATED SEA VIEW VILLA
ACCOMMODATION INCLUDES:
This traditional style villa was recently reformed and now features a new
4 bedrooms
modern kitchen and bathrooms. The property is situated in El Madroñal,
5 bathrooms
an area known for having country chic in the hills immediately above
Sea and mountain views
Marbella. Adjoining the renowned La Zagaleta country club, this private
Heated pool with salt chlorination
gated community is home to luxurious villas set upon lush grounds
Impeccable mature garden and fruit tree orchard
surrounded by a private cordon sanitaire of untamed nature. Put
3 car garage and potential for staff quarters
differently, living in El Madroñal comes with space, privacy and some of the most imposing sea, mountain and country views in Marbella. Approximately 560m² on a plot of 6,303m². Ref: DM4455
ASKING PRICE: 2,400,000€
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Benahavís
CLASSIC
REFINEMENT As with all homes of true pedigree, this elegant country villa in El Madroñal wasn’t hastily conceived and constructed yesterday but rather forms the culmination of three decades of care and attention. By Michel Cruz/Photography by Charly Simon
E
l Madroñal is an area known for country chic in the hills immediately above Marbella. Adjoining the renowned La Zagaleta country club, this private gated community is home to luxurious villas set upon lush grounds surrounded by a private cordon sanitaire of untamed nature.
Put differently, living in El Madroñal comes with space, privacy and some of the most imposing sea, mountain and country views in Marbella.
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Benahavís
One of the finest of the rustic chic homes to be found in El Madroñal is this exquisite villa featuring nine bedrooms set within a main house and a separate guest cottage. Together they offer 1,000m2 of living space, with over 100m2 of undulating terraces that make the most of a panoramic setting in which spectacular sea views over the Mediterranean are framed by the intense greenery of El Madroñal. From this position the world is peaceful, private and awash with beauty.
“PEACEFUL, PRIVATE and awash with BEAUTY”
The gates open to a forecourt with double garage, revealing a delightful fountain and architectural details along the way. The main villa is entered through a solid Ronda wooden door, which forms the threshold to an entrance hall that is at once impressive and welcoming. From here one enters an equally elegant and cosy drawing room that leads on to an even sunnier reading room on the west side, and a formal dining room that shares 46
Benahavís
the wonderful views enjoyed by virtually every part of the home. A more informal dining room, ideal for large parties occupies a particularly scenic position, with windows that open up and offer direct access to a peaceful part of the terrace that contains a small herb garden. It is connected via the laundry/utility room to a wonderful country kitchen whose charm, elegance and contemporary convenience symbolises a property whose bearing
and refinement cannot be achieved
overnight. Follow the stairs and you come to the private quarters with master bedroom suite. The upper floor also contains a private office and, set within a separate wing, an independent apartment. The swimming pool, which features a retractable cover and can be used throughout the year, is situated along a panoramic pool deck near the guest cottage. The latter offers lucky visitors several bedroom suites, along with independent kitchen and lounge area, with another swimming pool complete with pool cabana located a little further down the gorgeous yet practically laid out gardens. It provides an oasis of peace and wellbeing amid gorgeous greenery and impressive views, epitomising the country chic sophistication for which El Madroñal is known. The villa in question occupies almost 11.25 hectares of its finest land and is the product of a long labour of love that has resulted in a beautifully balanced and refined home in the hills above Marbella. Imbued with a grace, homely elegance and refinement that is impossible to achieve overnight, this is a classic luxury country villa in the finest El Madroñal tradition – spacious, bright and surrounded by greenery and beautiful views, it is the ideal place to call home and entertain in.
ACCOMMODATION INCLUDES: 9 bedrooms 8 bathrooms 1,001m² built 11,574m² plot
Ref: DM4399 ASKING PRICE: 2,800,000€ 47
Benahavís
La Alquería SPECTACULAR MODERN FAMILY HOMEA
ACCOMMODATION INCLUDES:
Set in a fantastic position in a sought-after area, the villa is built over
4 bedrooms
three levels and features a large Mediterranean garden with a
4 bathrooms
20×5 metre pool with waterfall. Conveniently situated on the road
Fantastic sea and golf views
to Benahavís, it is located just ten minutes’ drive from San Pedro de
Close to three golf courses
Alcántara and Puerto Banús, and boasts covered and open terraces
Modern high quality design
from which to enjoy views across the surrounding golf courses,
Private lift
mountains and the sea.
8 car garage
Approximately 853m² built on a plot of 1,641m².
Ref: DM4230
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ASKING PRICE: 3,200,000€
Benahavís
La Alquería STATE OF THE ART VILLA
ACCOMMODATION INCLUDES:
Cutting edge design and captivating views of the golf and sea make
4 bedrooms
this modern villa situated in the sought-after area of Nueva Atalaya
4 bathrooms
unique. Built over three levels and featuring a high ceiling lounge,
Fantastic sea and golf views
covered and uncovered terraces, and conveniently located on the road
South/west orientation
to Benahavis, it is just ten minutes’ drive to San Pedro de Alcántara and
Sleek modern design
Puerto Banús. The surrounding area is also host to three golf courses,
2 car garage, 2 car covered carport
schools and supermarkets. Approximately 759m² built on a plot of 1,592m².
Ref: DM4230-1
ASKING PRICE: 3,300,000€
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Benahavís
Benahavís NEW BOUTIQUE COMPLEX This boutique development enjoys an unbeatable location in the hills of Marbella with panoramic views of the sea and coast, approximately ten kilometres from Puerto Banús and Benahavís, in a quiet residential area where it is possible to enjoy the green landscape of the mountains. Approximately 103m² - 734m² built. ACCOMMODATION INCLUDES: 3 bedrooms 2 bathrooms Completion due Dec 2020 Complex of only 24 units Panoramic views Penthouses & ground floor feature private pools
ASKING PRICE: From 860,000€ to 1,250,000€ Ref: DMD1433
La Quinta BEAUTIFUL NEW APARTMENTS Construction of Phase III of this luxury project of 90 apartments began in January 2019, with two buildings containing two and three bedroom apartments and penthouses, that feature stylish lifestyle terraces, designer kitchens and open plan living areas. The ground floor apartments also include private gardens. Approximately 165m² - 224m² built. ACCOMMODATION INCLUDES: 2-3 bedrooms 2-3 bathrooms Completion due summer 2020 Panoramic mountain and sea views Swimming pool with saline chlorination Parking and storeroom ASKING PRICE: From 445,000€ to 600,000€ Ref: DMD1398 50
Benahavís
Marbella Club Golf Resort SPACIOUS LIVING
ACCOMMODATION INCLUDES:
Spacious apartments and townhouses to be completed by summer 2020
3-4 bedrooms
set in the beautiful private and secure area of Marbella Club Golf Resort.
3 bathrooms
Owners will enjoy on-site amenities such as various swimming pools,
Open plan kitchens
gym, tennis and paddle tennis as well as kids’ play areas. Just a
Several swimming pools
20-minute drive to Marbella centre and 15 minutes to Puerto Banús,
Gym, tennis and paddle courts
the development offers residents an 18-hole golf course, club house,
Private garage space
equestrian centre as well as stunning views of the Mediterranean coast. Approximately 144 - 293m² built.
Ref: DMD1383
ASKING PRICE: From 530,000€ to 697,000€
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Benahavís
La Alquería BRAND NEW VILLA
ACCOMMODATION INCLUDES:
This stylish property is situated in La Alquería, an area of modern and
6 bedrooms
newly built properties of contemporary design situated at approximately
6 bathrooms
five kilometres from the beach and a kilometre from shops, golf clubs
Room for gym, games room or home cinema
and schools. The villa is built over three levels, with six bedroom suites
Semi covered terrace and heated saltwater pool
with panoramic terraces, while the master bedroom features a private
Spectacular sea and golf views
dressing room, bathroom and covered terrace with golf and sea views.
Private garage and 2 car carport
Approximately 672m² built on a plot of 1,620m².
Ref: DM4205-03
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ASKING PRICE: 3,890,000€
Benahavís
Los Flamingos Golf CONTEMPORARY FRONTLINE LIVING
ACCOMMODATION INCLUDES:
This modern home offers a comfortable distribution with elegant en-suite
4 bedrooms
bedrooms and a stylish master suite. Downstairs features a lounge with
4 bathrooms
spectacular views that leads to a courtyard, garden and also porch area
Stunning golf and sea views
with infinity swimming pool and fire pit. The lower level offers a large
Lift to all floors
loft-like room with bathroom, machine room and parking for buggy with
Direct access to golf course
electric charger.
2 car carport and garage
Approximately 1,208m² built on 1,350m² plot.
Ref: DM4412
ASKING PRICE: 4,280,000€
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Benahavís
Monte Halcones CHARMING FAMILY HOME
ACCOMMODATION INCLUDES:
Due to its elevated position this elegant villa benefits from spectacular
4 bedrooms
views of the coast within a sought-after residential area. At only five
4 bathrooms
kilometres from the centre of San Pedro de Alcántara and six kilometres
Exceptional panoramic views
from Puerto Banús with its luxurious yacht marina, this home combines
Elegant vaulted ceilings and fireplace
the best materials with good taste.
Under-floor heating
Approximately 900m² built on a plot of 2,160m².
Carport for 3 cars
Ref: DM4217
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ASKING PRICE: 2,700,000€
Benahavís
El Herrojo IMMACULATE REFURBISHED VILLA
ACCOMMODATION INCLUDES:
This spectacular home was recently refurbished in 2017 and is located
4 bedrooms
in the prestigious, gated and 24-hour secure, frontline golf community
4 bathrooms
of El Herrojo Alto. Within easy reach of the La Quinta clubhouse, it sits
Heated swimming pool
amid several other golf courses and leisure facilities. From the garden
Fitness area and sauna
and pool you can enjoy wonderful views over the Mediterranean coast.
Home cinema
Approximately 685m² built on a plot of 1,800m².
Two garages
Ref: DM4159
ASKING PRICE: 3,275,000€
55
Estepona
Estepona NEW BEACHFRONT APARTMENTS This magnificent luxury resort, designed by architect Rafael de la Hoz is located on the seafront just a few minutes drive from Estepona and Sotogrande. The 70-unit development occupies a privileged location with direct access to the beach, 24-hour security, spa and gym area, three infinity pools and a paddle tennis court. Approximately 104m² - 578m² built. ACCOMMODATION INCLUDES: 2-4 bedrooms 2-3 bathrooms Spa, gym and paddle tennis court 3 infinity pools Stunning panoramic sea views Completion Dec 2019
ASKING PRICE: From 705,000€ to 2,956,000€ Ref: DMD1386
Cancelada MODERN SEA VIEW VILLAS This is a complex of seven brand-new, south-facing villas located in Cancelada, approximately 500 metres from shops, supermarkets and other services. Designed with large windows to ensure all rooms are bright the villas benefit from porches and terraces, gardens and private swimming pools. Approximately 417 to 435m² built on plots of 880 to 1,730m². ACCOMMODATION INCLUDES: Completion end of 2019 South-facing with sea views Possibility of rooftop jacuzzi and chill-out zone Hydromassage bathtub in master bedroom Landscaped gardens with pool Underfloor heating throughout ASKING PRICE: From 1,350,000€ to 1,500,000€ Ref: DMD1407 56
Estepona
Casasola NEW BEACHSIDE VILLA
ACCOMMODATION INCLUDES:
ASKING PRICE: 2,700,000€
Casasola BRAND NEW BEACHSIDE HOME
ACCOMMODATION INCLUDES:
ASKING PRICE:
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Estepona
El Velerín COUNTRY HOME WITH PANORAMIC VIEWS
ACCOMMODATION INCLUDES:
This spectacular country house designed by well-known architect
5 bedrooms
César de Leyva is situated on the very top of El Velerín Alto, surrounded
5 bathrooms
by the pine-forested hills of the Sierra Bermeja natural park. Set just
Separate guest apartment and entrance
inland from the coastal road, this delightful home enjoys the peace
Salt-water swimming pool
and tranquillity of its country setting enveloped with the smell of
Exceptional panoramic views
fresh pine, lavender and wild flowers, yet is only a short drive from
5 car garage
the amenities of Estepona and the coast. Approximately 1,235m² on a plot of 99,660m².
Ref: DM4370
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ASKING PRICE: 4,900,000€
Estepona
Atalaya WALKING DISTANCE TO THE BEACH
ACCOMMODATION INCLUDES:
Completely stunning modern villa with impressive sea views situated
6 bedrooms
200 metres from the beach in Atalaya-Isdabe, Estepona. This one
6 bathrooms
of a kind property was built on a double size plot with excellent
Cinema room and lift to all floors
architectural design. The upper floor features a fabulous roof terrace
Indoor and outdoor pools
with spectacular views of the sea and surroundings, while the lower
200 metres from beach
floor includes a cinema room, indoor pool, Turkish and Finnish saunas.
5 car garage
Approximately 1,026m² built on a plot of 3,935m².
Ref: DM3869
ASKING PRICE: 3,200,000€
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Estepona
New Golden Mile UNIQUE BEACHFRONT VILLA
ACCOMMODATION INCLUDES:
Unique, modern frontline beach villa located on the New Golden Mile,
12 bedrooms
Marbella West, at a ten to 15 minute drive to Puerto Banús. With direct access
13 bathrooms
to the beach, this is one of the finest beachfront homes on the whole coast.
Private lift
Offering 60 metres of beach frontage and unrivalled qualities, the property
Heated indoor and rooftop splash pools
features an entrance hall with guest toilet, lounge, TV room, fully fitted kitchen
Independent staff quarters
with central island and dining area, with three bedroom suites in the western
Fully fitted gym with panoramic sea views
wing and four more bedrooms and three bathrooms in the eastern wing. Approximately 2,513m² built on a plot of 4,125m².
Ref: DM3690
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ASKING PRICE: 14,200,000€
Estepona
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Marbella
Guadalmina Alta FRONT LINE GOLF This cosy and modern style villa is set on a frontline position of the golf course and situated at approximately ten kilometres from Marbella, close to the beach within a quiet area in Guadalmina Alta. Approximately 253m² built on a plot of 727m². ACCOMMODATION INCLUDES: 4 bedrooms 4 bathrooms Roof terrace Golf and mountain views Salt water pool Solar panels and aerothermal energy
ASKING PRICE: 1,470,000€ Ref: DM4302
Guadalmina Baja EXCEPTIONAL BEACHSIDE PROPERTY Located at a short walk to the beach, and within a private and gated community in Guadalmina Baja, with extensive gardens, a pool gazebo, gym, games and cinema room that offer great entertainment areas. Approximately 794m² built on a plot of 3,139m². ACCOMMODATION INCLUDES: 5 bedrooms 5 bathrooms Short walk to the beach Self-contained apartment 2/3 car detached garage Two golf courses within the urbanisation
ASKING PRICE: 4,750,000€ Ref: DM3345 62
Marbella
Guadalmina Baja SPLENDID FAMILY HOUSE Conveniently located at approximately 950 metres from the beach and close to the Guadalmina commercial centre. The property offers a large swimming pool, spacious garden and lovely sitting area ideal for al fresco dining. Approximately 520m² built on a plot of 1,027m². ACCOMMODATION INCLUDES: 4 bedrooms 4 bathrooms Garden and pool views Under floor heating Garage and outside parking His and hers master bathrooms
ASKING PRICE: 2,950,000€ Ref: DM4409
Guadalmina Baja SHORT WALK TO THE BEACH Built to the highest standards and set in a prime position of the prestigious Guadalmina Baja golf estate, the property enjoys an impressive entrance courtyard. It offers views over the private gardens and pool, while only approximately 200 metres from the beach. Approximately 1,538m² built on a plot of 3,191m². ACCOMMODATION INCLUDES: 5 bedrooms 5 bathrooms Jacuzzi on terrace Sea views Staff bedroom Lift
ASKING PRICE: 6,900,000€ Ref: DM3347-01 63
Marbella
Nueva Andalucía BEAUTIFUL FRONTLINE GOLF VILLA
ACCOMMODATION INCLUDES:
ASKING PRICE: 4,995,000€
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Marbella
Las Brisas FRONTLINE GOLF VILLA
ACCOMMODATION INCLUDES:
ASKING PRICE: 6,700,000€
65
Marbella
Las Brisas MODERN GOLF VILLA
ACCOMMODATION INCLUDES:
ASKING PRICE: 3,495,000€
66
Marbella
Las Brisas RENOVATED CONTEMPORARY VILLA
ACCOMMODATION INCLUDES:
ASKING PRICE: 2,595,000€
67
Marbella
Nueva Andalucía CHARMING GOLF VILLA
ACCOMMODATION INCLUDES:
ASKING PRICE: 2,995,000€
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Marbella
Las Brisas MODERN GOLF VILLA
ACCOMMODATION INCLUDES:
ASKING PRICE: 3,495,000€
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Marbella
Los Granados Golf PRIME GOLF LOCATION
ACCOMMODATION INCLUDES:
ASKING PRICE: 1,190,000€
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Marbella
Aloha Park SIZEABLE SEA-VIEW PENTHOUSE This wonderful four-bedroom duplex-penthouse with sea views is situated in a secluded and peaceful neighbourhood with beautiful, extensive gardens, a gym, sauna, an indoor heated pool and two outdoor pools. The community features 24-hour security and surveillance cameras. Approximately 362m² built. ACCOMMODATION INCLUDES: 4 bedrooms 4 bathrooms South-west facing with sea views Gym, sauna, heated, in and outdoor pools 2 storage rooms 5 parking spaces
ASKING PRICE: 1,695,000€ Ref: DM4266
Nueva Andalucía SPACIOUS PANORAMIC APARTMENTS This development of 50 new apartments is situated on a hill in Nueva Andalucía amid spectacular golf courses and close to services and amenities. The complex offers excellent facilities including a clubhouse, swimming pools, spa and gym. Approximately 90 to 284m² built. ACCOMMODATION INCLUDES: 2-4 bedrooms 2-4 bathrooms Hilltop setting with breath-taking views Surrounded by award winning golf courses Outdoor and indoor heated swimming pools Sauna, Turkish bath, salt wall, ice fountain and gym
ASKING PRICE: From 565,000€ to 2,435,000€ Ref: DMD1429 71
Marbella
Las Brisas GOLF VALLEY VILLA
ACCOMMODATION INCLUDES:
ASKING PRICE: 1,990,000€
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Marbella
Las Brisas SUPERB FRONTLINE GOLF VILLA
ACCOMMODATION INCLUDES:
Located in a quiet cul-de-sac, this villa enjoys maximum privacy and
5 bedrooms
unbeatable views over the prestigious Las Brisas golf course and the
5 bathrooms
iconic La Concha Mountain. It has been completely renovated to the
Completely renovated
highest standards of quality and finishing, with several relaxation areas
Excellent outdoor swimming pool
to fully enjoy the outdoor spaces with family and friends. A chill out corner,
Golf and mountain views
outdoor fireplaces and a wonderful pool make this villa the ideal place to
One-car garage
enjoy the cherished Marbella lifestyle. Approximately 345m² built on a plot of 1,096m².
Ref: DM4441
ASKING PRICE: 3,895,000€
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Marbella
Malibú WATERFRONT LUXURY
ACCOMMODATION INCLUDES:
This duplex penthouse is in one of the most prestigious apartment
3 bedrooms
complexes in Marbella. Malibú, just steps from Puerto Banús, offers
3 bathrooms
24-hour security, immaculate tropical landscaped gardens with
Exclusive, private seafront property
walkways, three swimming pools (one heated) a fully equipped gym
Gated community with 24-hour security
and two indoor jacuzzis. It features beautiful sea views, top quality
Gym, sauna, jacuzzi, heated pool, Turkish bath
fittings and a high tech domotic system.
Landscaped grounds and gardens
Approximately 340m² built.
Ref: DM4149
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ASKING PRICE: 3,300,000€
Marbella
Bahía de Banús SPACIOUS BEACHSIDE PENTHOUSE
ACCOMMODATION INCLUDES:
Stunning spacious duplex penthouse occupying the entire upper floor,
3 bedrooms
with private pool and gazebo on the terrace. Located in a gated and
3 bathrooms
24-hour secure development with exotic tropical gardens, gymnasium,
Communal tropical beachfront gardens
sauna and two communal swimming pools, this stylish apartment is
Gymnasium and 2 pools
conveniently situated at approximately 100 metres from the beach
Pool, garden and sea views
and two kilometres from Puerto Banús and San Pedro de Alcántara.
Parking for 2 cars and storage
New fully fitted kitchen with a large island, French windows leading out to a sunny semi covered terrace with private pool and gazebo. Approximately 388m² built.
Ref: DM4436
ASKING PRICE: 1,890,000€
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Marbella
Jardines de las Fuentes BEACHSIDE TRIPLEX APARTMENT This totally reformed property in Jardines de las Fuentes comprises three joined units to make a generously sized home. Located between San Pedro de Alcántara and Puerto Banús close to the 5-star Guadalpín Banús it is only 50 metres from the beach. Approximately 274m² built. ACCOMMODATION INCLUDES: 3 bedrooms 3 bathrooms Second line beach Communal gardens and swimming pools Air conditioning and marble flooring Community parking
ASKING PRICE: 1,390,000€ Ref: DM4444
Lorea Playa SECOND LINE BEACH This charming semi-detached villa is located in Lorea Playa, an exclusive community of only 38 luxury beachside homes. Enjoying a private garden with pool, it faces south for maximum sunshine. Featuring two living areas, there is also a roof terrace with BBQ and sea views. Approximately 346m² built on a plot of 450m². ACCOMMODATION INCLUDES: 6 bedrooms 4 bathrooms Fitted kitchen, totally equipped Private swimming pool and garden Garden and sea views Carport for one car
ASKING PRICE: 1,225,000€ Ref: DM1489-173 76
Marbella
Monte Paraíso ELEGANT COUNTRYCLUB VILLA Charming family villa with sea views situated beneath the Sierra Blanca hills, very close to golf courses and the centre of Marbella with a wide range of services. The home is surrounded by luxurious apartments with green areas, including paddle and tennis courts, three swimming pools and a social club. Approximately 590m² built on a plot of 1,187m². ACCOMMODATION INCLUDES: 4 bedrooms 4 bathrooms Gated community with 24/7 security 2kms from Marbella centre Sea views from upper floor and ground floor terrace 4 car garage
ASKING PRICE: 2,300,000€ Ref: DM3968
Monte Paraíso IMPRESSIVE SEA VIEW APARTMENT This luxurious and very spacious south facing four-bedroom property is the result of the union of two double apartments with sea and mountain views. It is situated in a charming setting beneath the Sierra Blanca hills by the golf course entrance, and very close to Marbella centre. Approximately 468m² built. ACCOMMODATION INCLUDES: 4 bedrooms 4 bathrooms Gated community with 24/7 security 2kms from Marbella centre Fantastic sea, pool and mountain views 4 car garage and 2 storerooms ASKING PRICE: 2,050,000€ Ref: DM4245 77
Marbella
BETWEEN
MOUNTAIN and
SEA
From its position within the prestigious Marbella Hill Club, this beautifully styled villa is rather spectacularly framed by Marbella’s iconic La Concha Mountain. By Michel Cruz/ Photography by Charly Simon
T
his is the view that greets one as you approach the property, but once you’ve turned into the automatic gate and driven through a beautiful arbour of trees that line the driveway to the garages and carports, the focus is back across an entire expanse
of coastal plain all the way down to the sea. Indeed, step from the atmospheric forecourt into the tall, elegant
entrance and the views already come into focus. In classic architectural style, the eye is trained along the stylish living room and terrace, across the impeccable lawn and between two strategically placed trees towards the sea. “The positioning of the trees helps to define the perspective,” says the owner, for whom creating this fine villa has clearly been a labour of love. A long-time visitor to Marbella, he decided to buy a plot of land and build a villa to his own specifications. “We bought the land from Diana Morales Properties and from this began a very pleasant personal contact through which she also recommended the architect and landscaper who helped us to create this home.” 78
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Marbella
Timeless quality With the family’s input, Juan Salvador Shvartzberg designed a home with a timeless sense of styling and classic proportions that mark a truly skilled architect. “We wanted a home suited to the outdoor Marbella lifestyle,” says the owner, “but coming from Northern Europe we also wanted a level of home comforts that were not yet common here when we built the villa twelve years ago.” These include under floor heating placed not under marble or terracotta tiles, but solid wooden floorboards. At the time they were hard to come by in Spain, so were brought in from the forests of Belgium. Tall ceilings add to the sense of space and refinement created in the elegant living room, which finds itself flanked by a formal dining room and a cosy family room with modern audiovisual equipment. Just beyond here is a lovely country kitchen that reflects the Provençal touches enhanced by greygreen shutters and chic interior tones. Also on the ground floor are four private bedroom suites complete with large, luxurious bathrooms and ample dressing areas. Each also enjoys private access to the garden and pool area, while the three suites on the first floor – including the impressive master suite with walk-in dressing room and marble his-and-her bathrooms – connect with a panoramic terrace from which the views across mountain ranges, valleys, golf
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“WE WANTED a home suited to the OUTDOOR MARBELLA style”
courses and the shoreline all the way to Gibraltar and Morocco are breathtaking. In Marbella, such interior style and luxury is always mirrored by equally appealing outdoor settings, where one can enjoy the climate and lifestyle to the full. For this reason even the games room and guest suite on the lower level follow the natural gradient and offer direct access to the garden, most of which occupies level land within beautifully landscaped gardens in the formal style. “Isabel Pallares, who was also recommended by Diana Morales, has created a beautiful setting that works well with the level plot and complements the large terraces, the swimming pool with its outdoor bar area, and of course the imposing views.” From this private domain one can follow a pathway to
ACCOMMODATION INCLUDES:
the natural vegetation that forms the perimeter
6 bedrooms
of the villa and even includes a charming organic
6 bathrooms
vegetable garden that produces a ready supply of
1,278m² built
fruit and vegetables.
4,795m² plot
Ref: DM2096 ASKING PRICE: 4,500,000€
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Marbella
Marbella Hill Club IMPOSING HILLTOP MANSION
ACCOMMODATION INCLUDES:
This impressive mansion is situated within a prestigious sought-after
4 bedrooms
community at the foothills of the Marbella mountains. A spectacular
5 bathrooms
home with panoramic sea views over the Mediterranean coast,
Wine cellar
Gibraltar and Africa it features a beautiful driveway with landscaped
Heated swimming pool
roundabout and a refreshing cascade. The house is accessed through
Sauna and gymnasium
an Andalusian courtyard with small fountains on both sides of the
5 car garage
entrance door. Approximately 1,222m² on a plot of 3,131m².
Ref: DM3877
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ASKING PRICE: 6,900,000€
Marbella
Marbella Hill Club EXCLUSIVE HILLSIDE LOCATION
ACCOMMODATION INCLUDES:
Elegant villa, recently refurbished to include modern features within a
7 bedrooms
contemporary Andalusian setting, located in the sought-after residential
7 bathrooms
estate of Marbella Hill Club on the Golden Mile, at approximately two
Outdoor parking
kilometres from Marbella centre and Puerto Banús. An impressive
Gated community
driveway welcomes you to this beautiful property, boasting an entrance
Sea views from the upper level
hall with double height ceilings which leads out to a sitting room with
Beautiful mature gardens
a double-sided fireplace. Possibility for further extension. Approximately 605m² built on a plot of 4,950m².
Ref: DM4114
ASKING PRICE: 4,450,000€
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Marbella
Marbella Hill Club ELEGANT RESIDENCE WITH VIEWS
ACCOMMODATION INCLUDES:
This imposing residence is located within a sought-after residential
5 bedrooms
area in the foothills of Marbella’s La Concha Mountain. The property
5 bathrooms
features a beautiful entrance driveway with landscaped roundabout with
Underfloor heating
cascade, while a lovely Andalusian courtyard with fountains leads to
Heated swimming pool
the main entrance of the villa. Built to very high standards, the property
Sauna
enjoys spacious and bright living areas.
5 car garage
Approximately 1,200m² built on a plot of 3,131m².
Ref: DM4072
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ASKING PRICE: 5,800,000€
Marbella
La Quinta de Sierra Blanca EXCEPTIONAL CONTEMPORARY VILLA
ACCOMMODATION INCLUDES:
Spacious and contemporary villa, designed by a well known local
9 bedrooms
architect, located in one of Marbella´s few gated and secure small
9 bathrooms
residential villa areas. Set within total privacy, the property enjoys very
Home automation system
close proximity to Marbella´s town centre and beaches. A stylish upper
Heated swimming pool
floor is entirely occupied by the master bedroom suite with gabled
Wine cellar and cinema room
ceilings and private jacuzzi.
Spa and gymnasium
Approximately 2,438m² built on a plot of 10,434m².
Ref: DM4038
ASKING PRICE: 23,300,000€
85
Marbella
Sierra Blanca NEW CONTEMPORARY VILLA
ACCOMMODATION INCLUDES:
This spectacular brand-new villa is located in one of the most sought-after
6 bedrooms
residential areas of Marbella, at approximately three kilometres from the
6 bathrooms
centre of town. Built over two levels plus a basement, the mansion enjoys
Rooftop swimming pool
beautiful views from all floors and features an openplan layout. The home
Heated pool and jacuzzi
is surrounded by tropical landscaped gardens with a heated pool, jacuzzi
Separate staff/guest apartment
and sunken poolside dining area. Sierra Blanca is only a few minutes from
4 car garage
the beaches of the Golden Mile and enjoys 24-hour security. Approximately 1,265m² built on a plot of 2,697m².
Ref: DM4466
86
ASKING PRICE: 12,500,000€
Marbella
Marbella Hill Club CHARMING MARBELLA VILLA
ACCOMMODATION INCLUDES:
A true jewel of traditional architecture this home enjoys an elevated
6 bedrooms
position between Marbella town and Puerto Banús, with beautiful mature
6 bathrooms
gardens and fantastic sea and mountain views. This elegant home is
Beautiful mature gardens
south-facing with generous accommodation and lots of natural light. Its
Large driveway to house
impeccable construction qualities and lovely features include high vaulted
Sea and mountain views
ceilings and wooden beams.
2 car garage
Approximately 367m² built on a plot of 4,979m².
Ref: DM4218
ASKING PRICE: 3,700,000€
87
Marbella
Golden Mile FRONTLINE BEACH MANSION
ACCOMMODATION INCLUDES:
Classical style frontline beach mansion located on Marbella’s Golden Mile,
12 bedrooms
this imposing property features four independent buildings: the main villa,
10 bathrooms
a guest house, a staff house and a beach house with its own swimming
Panoramic sea and mountain views
pool, and direct access to the promenade and beach. This unique property
4 independent houses
features a state-of-the-art security system, heated swimming pool,
Fully equipped spa and gym
integrated music system, intelligent lighting and a lift to all levels. The
8 car underground garage
basement includes a sizeable entertainment area, wine cellars, home cinema, gymnasium, spa, jacuzzi, hydrotherapy bath and a relaxation room. Approximately 3,787m² built on a plot of 8,000m².
Ref: DM3763
88
ASKING PRICE: 55,000,000€
Marbella
89
Marbella
Sierra Blanca ANDALUSIAN CHARM
ACCOMMODATION INCLUDES:
This traditional style villa built on a sizeable plot of around 3,000m² is
6 bedrooms
situated on Marbella’s Golden Mile next to the sought-after and secure
6 bathrooms
residential area of Sierra Blanca with surveillance service and guards.
Panic room and lift to all floors
The villa enjoys beautiful sea views and is built with very high-quality
Staff quarters and separate guest apartment
materials. It is surrounded by impeccable landscaped gardens including
Excellent location with sea views
an outdoor pool and gazebo with BBQ. Separately standing is a guest
2 car garage
apartment and security house with one bedroom and bathroom. Approximately 580m² built on a plot of 3,104m².
Ref: DM4011
90
ASKING PRICE: 3,950,000€
Marbella
Sierra Blanca SUPERB ANDALUSIAN VILLA
ACCOMMODATION INCLUDES:
Built in a traditional Andalusian style and decorated with wood, brick
7 bedrooms
and natural stone, the villa is situated within one of the most sought-after
6 bathrooms
address of Marbella - characterised by imposing villas and mansions
Gym, sauna and hydro-massage shower
set on large private domains that populate the gentle but steady gradient
Jacuzzi in one of the bedrooms
on the lower foothills of La Concha. The property is built over three
Games room with billiard table
levels, has spectacular sea views and offers richly decorated interiors
4 car garage and parking for 6 more
with a large entertainment area in the basement. Approximately 649m² built on a plot of 2,172m².
Ref: DM4403
ASKING PRICE: 4,900,000€
91
Marbella
Cascada de Camoján OUSTANDING PRIME ADDRESS
ACCOMMODATION INCLUDES:
This unique residence is set within one of the most prestigious
7 bedrooms
residential areas in Marbella, surrounded by nature and just a few
10 bathrooms
minutes’ drive to the beach and the centre of town with all services
Fully equipped gym, Turkish bath and sauna
and amenities. The villa enjoys impressive panoramic views of
Thatched pool pavilion with kitchenette and BBQ
the sea and mountain. Built to the finest standards and recently
South facing, sea and mountain views
refurbished to incorporate further features for enhanced quality of life,
2 car garage and carport for 2 cars
the home provides spacious accommodation for family living and entertaining, indoors and outdoors. Approximately 1,313m² built on a plot of 4,000m².
Ref: DM4318
92
ASKING PRICE: 6,500,000€
Marbella
Cascada de Camoján ULTIMATE LUXURY LIVING
ACCOMMODATION INCLUDES:
This masterfully designed villa is set apart by its unique modern
8 bedrooms
architecture and breathtaking Mediterranean Sea views. Conceived to
7 bathrooms
enjoy leisure time and entertainment, taking full advantage of its
Gym, hammam and wellness area
privileged Marbella location, it is a bespoke jewel that offers many unique
2 bed independent guest apartment
features, such as an impressive entrance hall with a one-of-a-kind
Lamborghini and Fendi furniture
Swarovski chandelier, panoramic workout area, state-of-the art kitchen,
2 pool houses and lift to all floors
indoor and outdoor lounge and expansive terraces that lead onto two heated infinity swimming pools. Approximately 1,844m² built on a plot of 2,169m².
Ref: DM3365
ASKING PRICE: 5,900,000€
93
Marbella
Imara EXCLUSIVE DUPLEX PENTHOUSE
ACCOMMODATION INCLUDES:
Contemporary duplex penthouse located in one of the most demanded
3 bedrooms
and stylish complexes just above Marbella town centre. Offering 24-hour
3 bathrooms
security, three communal swimming pools and immaculate landscaped
Sold fully furnished
gardens. Situated at approximately three kilometres from the centre
Fully fitted open plan kitchen
of Marbella, the beach and all types of amenities, the property enjoys
Recreational area with direct access to swimming pool
bright and spacious living areas including a large wrap-around south
2 parking spaces and large storage
west facing terrace. Approximately 591m² built.
Ref: DM4188
94
ASKING PRICE: 2,300,000â‚Ź
Marbella
Sierra Blanca CENTRAL MODERN VILLA
ACCOMMODATION INCLUDES:
Contemporary and luminous property with modern design, high ceilings
5 bedrooms
and light neutral decoration, located in a very prestigious residential
5 bathrooms
area with 24hr-security. A spacious living room with dining area is
Room for cinema or gym
connected to the open plan fully fitted SieMatic kitchen with Neff electric
One of Marbella’s most prestigious areas
appliances. Large terraces with sea views, a garage for four cars and
Mountain, sea and garden views
the possibility to turn two rooms into a gym or cinema room.
Spacious 4 car garage
Approximately 820m² built on a plot of 1,470m².
Ref: DM3125-02
ASKING PRICE: 4,300,000€
95
Marbella
Cascada de Camoján CHARMING PRIVATE VILLA Nestled amid a tranquil expanse of greenery in a small, discreet and very exclusive Cascada de Camoján area, this charming and cosy house enjoys sea views from the upper floor as well as seclusion and privacy paired with easy access to Puerto Banús, Marbella town and a selection of golf courses on its doorstep. Approximately 576m² built on a plot of 2,200m². ACCOMMODATION INCLUDES: 5 bedrooms 5 bathrooms Separate staff quarters Close to golf courses and Puerto Banús South-east facing with sea views Sizeable driveway and carport for 3 cars ASKING PRICE: 1,900,000€ Ref: DM3629-07
Altos Reales MEDITERRANEAN STYLE VILLA Stylish house located in a gated community of villas at literally a two-minute drive from the centre of Marbella and its beaches, while Puerto Banús is only a ten-minute drive away. The property features 24-hour security and faces south-west to enjoy the afternoon sun. Approximately 350m² built on a plot of 857m². ACCOMMODATION INCLUDES: 3 bedrooms 3 bathrooms South-west orientation Large solarium with built in BBQ area Sea and mountain views Mature landscaped garden
ASKING PRICE: 1,850,000€ Ref: DM4445 96
Marbella
Altos Reales GREAT FAMILY HOME
ACCOMMODATION INCLUDES:
Located a little above the Golden Mile, which connects Marbella and
4 bedrooms
Puerto Banús with such panache, Altos Reales – literally ‘Royal Heights’ –
4 bathrooms
as it is also known is a secluded and exclusive residential area enveloped
Private gated community with 24/7 security
in privacy and greenery. From within this pine-covered enclave
Private pool and garden
homeowners look out over the Golden Mile to the Mediterranean Sea,
Enjoying sea, garden and pool views
just minutes removed from golf courses, shops, beach clubs, marinas,
2 car garage
restaurants, nightlife and the centre of Marbella. Approximately 554m² built on a plot of 1,300m².
Ref: DM4213
ASKING PRICE: 3,200,000€
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Marbella
Altos Reales TRADITIONAL STYLED VILLA
ACCOMMODATION INCLUDES:
This traditional style villa in Altos Reales is set midway between
5 bedrooms
Marbella town and the base of its imposing La Concha Mountain. Altos
4 bathrooms
Reales is a residential area that offers the best of both worlds – close to
Gated community with guarded entrance
shops, restaurants, beaches and beautiful mountain scenery. A very
Separate staff quarters
private and tranquil urbanisation, Altos Reales is a zone of peaceful leafy
South facing with sea, garden and pool views
streets lined with luxurious villas on generous sized grounds.
4 car garage
Approximately 591m² built on a plot of 908m².
Ref: DM4393
98
ASKING PRICE: 3,500,000€
Marbella
Marina de Puente Romano BEACHSIDE DUPLEX PENTHOUSE
ACCOMMODATION INCLUDES:
Well positioned within the exclusive beachfront development of
3 bedrooms
Marina Puente Romano on Marbella’s Golden Mile, this elegant duplex
3 bathrooms
penthouse is surrounded by well-maintained gardens, pools and
Beachside complex
enjoys 24-hour security. This recently partially refurbished property
Proximity to Puerto Banús
is located right by the Puente Romano Beach Resort and 50 metres
Sea, garden and pool views
from the beach. Puerto Banús and Marbella are 2km away.
2 garage spaces and storage
Approximately 325m² built.
Ref: DM4220
ASKING PRICE: 3,650,000€
99
Marbella
Las Lomas del Marbella Club LUXURY GATED VILLAS
ACCOMMODATION INCLUDES:
This luxurious urbanisation of eight villas is situated in one of the
4 bedrooms
finest locations to be found in Marbella. Surrounded by greenery at
4 bathrooms
approximately a kilometre from the beach and beach promenade, two
Gated community 24/7 security
kilometres from Puerto Banús and Marbella, they are within easy reach
Private pool and garden
of all sorts of facilities and services. The complex has 24-hour security,
Sea views
tropical gardens and dramatic sea views. The villas feature modern
Private garage
contemporary styling, open concept design, comfortable layout and the best in materials and high technology. Built from 577 to 713m². Plots from 867 to 1,233m².
Ref: DMD1366
100
ASKING PRICE: From 3,200,000€ to 3,800,000€
Marbella
Altos de Puente Romano MODERN DESIGN VILLA
ACCOMMODATION INCLUDES:
This modern design villa is set in a tranquil development with 24-hour
5 bedrooms
security at approximately 5.5 kilometres to the centre of Marbella
5 bathrooms
and 4.5 kilometres to Puerto Banús. This exceptionally picturesque
Heated pool with saline chlorination
home features a rooftop solarium fitted with a jacuzzi and fridge and
Rooftop jacuzzi
other features include video intercom, home automation system
Mountain and sea views
and irrigation.
3 car garage
Approximately 615m² built on a plot of 1,189m².
Ref: DM4443
ASKING PRICE: 3,600,000€
101
Marbella
La Trinidad STYLISH CENTRAL PENTHOUSE
ACCOMMODATION INCLUDES:
A beautiful south-east facing duplex penthouse located within a gated
3 bedrooms
community with 24-hour security on the Golden Mile. At a three-minute
3 bathrooms
drive from Puerto Banús and five minutes from Marbella town centre,
Gated community with 24/7 security
the property benefits from extensive communal gardens and great
Extensive communal gardens
views of the sea, mountain and lush gardens.
South-East facing with sea views
Approximately 231m² built.
1 car underground parking space
Ref: DM4389
102
ASKING PRICE: 1,900,000€
Marbella
Río Real Golf LOVELY GOLF TOWNHOUSE This lovely and private townhouse situated within a gated community in the Eastern part of Marbella offers fantastic views to the sea and communal areas. It is approximately five kilometres from Marbella and two kilometres from the beach. The upper level features a spacious master bedroom suite with two panoramic terraces facing south and south west. Approximately 189m² built. ACCOMMODATION INCLUDES: 4 bedrooms 3 bathrooms Walking distance to golf Garden and pool views Sea views from upper level Large carport
ASKING PRICE: 550,000€ Ref: DM2328
La Reserva de Los Monteros IMPECCABLE APARTMENT Impeccable first floor apartment situated in a gated first-line beach complex with 24-hour security service, next to Río Real golf course. Facing south-west the property includes a fully fitted eat-in kitchen with adjoining utility room, breakfast corner and a spacious lounge/dining room warmed by a fireplace and with direct exit to the terrace with sea views. Approximately 179m² built. ACCOMMODATION INCLUDES: 2 bedrooms 2 bathrooms 25 metres to the beach Sea and pool views Next to golf course 2 garage spaces
ASKING PRICE: 900,000€ Ref: DM4221-01 103
Marbella
Hacienda Las Chapas MODERN FAMILY HOME
ACCOMMODATION INCLUDES:
Beautifully presented villa with panoramic sea views set on a double
5 bedrooms
plot with two independent entrances from opposite streets. At
5 bathrooms
approximately 12 kilometres from Marbella and 2.2 kilometres from the
Panoramic sea views
beach, Hacienda Las Chapas is a small but distinctive area, with a gentle
Extensive private plot
microclimate, softly rounded hills covered in pretty groves of umbrella
Heated swimming pool with cover
pine and sandy beaches. The house welcomes you with a cosy entrance
Garage and carport
hall and double stairs to the upper floor and to the ground level with a main reception area with glass ceiling. Approximately 737m² built on a plot of 3,300m².
Ref: DM4205-01
104
ASKING PRICE: 4,900,000€
Marbella
Bahía de Marbella DELIGHTFUL FAMILY VILLA
ACCOMMODATION INCLUDES:
Gorgeous villa designed by renowned architect Melvin Villaroel and
5 bedrooms
recently refurbished adding modern facilities and contemporary
4 bathrooms
materials. Situated in a beachside urbanisation 5,4 kilometres from
100 metres from the beach
the centre of Marbella and 100 metres from the beach. Its delightfully
Heated pool with salt chlorination
furnished interiors include an entrance hall, fully fitted kitchen with
Staff/guest quarters
Gaggenau appliances, dining area, spacious lounge with wood burning
Garage and carport for 2 cars
fireplace and covered terraces with pool views. There is a separate wing with a private entrance and three bedroom suites with lounge. Approximately 494m² built on a plot of 1,539m².
Ref: DM3845-04
ASKING PRICE: 3,590,000€
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Marbella
Bahía de Marbella BEAUTIFUL FAMILY VILLA
ACCOMMODATION INCLUDES:
This is a beautiful family villa in an elegant and quiet area of Marbella,
7 bedrooms
at approximately 50 metres away from the beach and approximately
6 bathrooms
two kilometres from Marbella town centre. Built according to the highest
Only 50 metres to the beach
standards of quality and delightfully decorated, the house consists of
Heated swimming pool
seven bedrooms and six bathrooms and due to its distribution and
Two car garage
spacious living areas the wooden ceilings give it a feeling of unsurpassed
Surveillance cameras
warmth and light. This is an elegant property in a perfect location. Approximately 769m² built on a plot of 1,639m².
Ref: DM4303
106
ASKING PRICE: 3,500,000€
Marbella
Elviria MEDITERRANEAN HILLTOP ESTATE
ACCOMMODATION INCLUDES:
This spectacular property is situated at 400 metres above sea level
8 bedrooms
and surrounded by an abundance of centuries old cork, stone oak trees
7 bathrooms
and pine trees. An impressive concrete driveway (150 metres) leads firstly
Pavilion with heated pool
to a covered porch at the main entrance and from there on to the garage
Private forested parkland
patio. In front of the house there is a grand fountain and throughout the
Master bedroom occupies upper floor
property there are some 14 ponds of varying sizes. The property enjoys a
Separate staff quarters
home cinema, gasoil fired central heating throughout, under floor heating in living room and bathrooms and five water wells. Approximately 1,253m² built on a plot of 50,000m².
Ref: DM1440
ASKING PRICE: 3,800,000€
107
Casares
Finca Cortesín CHARMING GOLFSIDE RETREAT
ACCOMMODATION INCLUDES:
Perfectly positioned within the exclusive Finca Cortesín resort, this charming
4 bedrooms
frontline home is a one-of-a-kind. Set within a small villa community within the
4 bathrooms
resort, the house is an oasis of privacy boasting magnificent views over the golf
Frontline golf Andalusian style villa
course and the Mediterranean coast. Distributed around a central patio adorned
Within the unique Finca Cortesín resort
by a fountain and climbing bougainvillaea, it provides spacious accommodation
Golf and sea views
on two floors. The verdant manicured garden features a swimming pool with
Exclusive facilities close by
sun deck designed for relaxed lounging, a private entrance courtyard with cobblestone pavement, which provides spacious additional parking. Approximately 767m² built on a plot of 1,904m².
Ref: DM4329
108
ASKING PRICE: 3,900,000€
Casares
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Inland
Coín CHARMING COUNTRY HOME
ACCOMMODATION INCLUDES:
This charming Andalusian finca is a peaceful and verdant retreat close to
8 bedrooms
the villages of Coín and Alhaurín el Grande near Málaga, approximately
6 bathrooms
30-minutes drive from Marbella, Puerto Banús and Málaga’s international
Very private
airport. The estate includes a main home, guest house and a staff area, in
Main, guest and staff houses
the midst of an extensive plot of land that guarantees privacy and tranquillity
Open country and mountain views
with far reaching views over open countryside including the Alhaurín castle
Garage and 4 car carport
and the Sierra Nevada ski resort in the distance on a clear day. Approximately 719m² built on a plot of 95,151m².
Ref: DM4337
110
ASKING PRICE: 1,490,000€
Inland
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OUR GLOBAL FOOTPRINT Independent, international, commercial, residential. Locally expert, globally connected.
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Our prime sales network is involved with the most prestigious residential properties around the world through our ability to identify unique investment opportunities and unrivalled access to HNWIs.
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A full suite of portfolio management, consulting and transactional services to multi market corporate occupiers, globally.
CAPITAL MARKETS Our Global Capital Markets Group acts on the most high profile property transactions around the world, covering the office, residential, retail, industrial, leisure and hotel sectors, student property and healthcare.
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At a glance: GLOBAL WEALTH TRENDS
The Wealth Report in numbers
22% The rise in UHNWIs* globally in the next five years 20M
The number of people globally in 2019 that have US$1 million or more in net assets
30%
The percentage of global HNWIs* located in Europe in 2019
1.9% Average rise in prime prices in Europe in 2018
36%
The percentage of UHNWIs* that hold a second passport
Key findings Wealth trends: Asia’s strong economic
Eurovision: European cities are still
a growing presence from Chinese buyers,
performing strongly in our Prime
these markets offer healthy tenant demand,
International Residential Index (PIRI),
relative good value and an attractive
performance (it hosts eight of the top ten
which tracks the movement in luxury
lifestyle.
countries with the fastest growing UHNWI
residential prices across 100 of the world’s
populations) means 2019 will be the year the
most desirable cities and second home
number of US$ millionaires globally exceeds
hotspots. Edinburgh, Berlin, Munich and
Brexit, Brexit-lite: whatever the outcome,
20 million for the first time. India will lead
Madrid all made the top ten rankings in 2018,
London will remain the leading global
five-year growth with 39%, followed by the
each registering annual growth above 8%.
wealth centre in 2019. With the world’s
Philippines (38%) and China (35%).
Luxury prices in Marbella ended last year
largest UHNWI population, the city sweeps
3% higher.
the board in our annual City Wealth Index,
Weaker growth: Expect slower price growth in key luxury residential markets,
pushing its only serious rival, New York, Future-gazing: Madrid, Berlin, Paris
with more markets seeing values fall this year.
and Cape Town lead our prime price forecast
As values adjust, buyers will feel the balance
for 2019. Increasingly popular investment
of power shift in their favour.
hubs for European and global investors, with
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Hard Brexit, no
into second place.
International
Push & Pull:
Taxing issues:
What I haven’t mentioned… but also inside: Globally mobile:
Time for Plan B:
Ones to watch:
Life post-QE:
Objects of desire: Next neighbourhoods:
Departure board:
We’d love to share our insights with you, for your copy of The Wealth Report please contact DM Properties.
*
*Definitions UHNWI: Ultra-high-net-worth individual – someone with a net worth of over US$30 million excluding their primary residence. HNWI: High-net-worth individual – someone with a net worth of over US$1 million excluding their primary residence. PRIME PROPERTY: The most desirable and most expensive property in a given location, generally defined as the top 5% of each market by value. Prime markets often have a significant international bias in terms of buyer profile.
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How are Europe’s
PRIME RESIDENTIAL MARKETS performing? PIRI 100:
A European view By Kate Everett-Allen
Each December, I reach out to our network
The chart below confirms the results for
but we need to look behind the headline
of global research teams to start collating
Europe’s prime residential markets in 2018.
figures to understand the variation in price
the Prime International Residential Index
Key European cities have performed strongly
performance. The top performing cities
(PIRI 100) which features in The Wealth
– Edinburgh (10.6%), Berlin (10.5%),
share a number of factors, despite slower
Report. The index is unique in benchmarking
Munich (10%) and Madrid (8.1%) amongst
economic growth across the Eurozone, they
the movement of luxury property prices
them. Second home markets in rural and
are witnessing strong rental demand, limited
across 100 of the world’s global cities, second
coastal locations continue to gain traction
supply and, in most cases, a prerequisite to
home destinations and ski resorts. It’s a labour
(Algarve 6%, Cap Ferrat 4%, Marbella 3%)
residential growth has been an upturn in
of love and one that never fails to reveal new
whilst some of the region’s key gateway cities
their local commercial real estate sectors.
trends and nuances in relation to the
such as London (-4.4%), Dublin (-2.8%) and
For the region’s second home destinations,
performance of luxury residential market
Geneva (-2%) saw prime prices drift lower.
the journey back from the 2008 precipice
worldwide.
Europe’s performance may seem patchy
has been a long one and a number are at
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International
very different stages of their property market
In Dublin, a rise in supply, Brexit uncertainty
cycle with Lisbon and the Algarve around
and tighter lending rules explain the dip.
two years’ behind that of Spain’s top
For Geneva, a strong franc and a delay to
destinations. Not only has excess supply
the anticipated corporation tax led to
largely been reabsorbed, but low mortgage
weaker demand.Headwinds will persist
Lifestyle gain
rates and a more diverse buyer profile has
in 2019 but for the 3.8 million new
Rental investment
given several key markets a firmer footing.
millionaires that are forecast to be created
Ski markets are seeing renewed interest
globally over the next five years, Europe’s
Long-term semi/permanent
with the French Alps outperforming their
appeal as a second home destination is
Swiss neighbours, primarily due to lower
unlikely to be weakened.
entry level pricing and better year-round
market since the referendum in 2016, but, there is growing evidence of pent-up demand as buyer registrations build.
retirement base Exposure to different currency Education – proximity to children’s
rental provision. For London, the impact of Brexit has been largely priced into the
Key reasons for buying a second home
school/university To see where Europe’s residential markets sit in a global context request your copy of The Wealth Report 2019 via DM Properties.
Europe still No.1 A lifestyle purchase, most second homes are acquired not due to their potential return, but out of a desire to enjoy a new culture, better climate and to spend more time with family and friends.
Tax advantage Expand portfolio / minimise risk
Future trends to monitor Potential EU clampdown on Golden Visas Detachment of ultra-prime market
Europe continues to be the world’s number one destination for holiday homes. An
Greater synchronicity between
established market - much of which developed in the 1960’s or earlier in the case of the
the property markets of major world
Cote d’Azur – it has the social infrastructure - restaurants, leisure amenities and cultural venues - to provide a home from home for the wealthy. This evolution, along with its climate and accessibility has cemented Europe’s premier
cities Currency matters: US buyers increased purchasing power
status as a second home destination. Although growing, Asia’s second home market
Investors look to alternative markets
remains embryonic by comparison and the only other pretender to the throne - the
for higher returns – student, logistics,
US - despite its expanse cannot offer the mix of language, cultures and history that
retirement
Europe offers.
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International
GERMANY PLAYS CATCH-UP Over the past years German property has experienced increasing interest from international investors all over the world. Actually, the German market is being referred to as the ‘safe haven’ of Europe. By Sven Henkes, Ziegert Immobilien/Knight Frank
principal financial centre. Its thriving market offers a wealth of opportunities thanks to the exciting combination of local bedrock and international growth options. Investors
locations are still available.
have a stake in a growing
Berlin’s appeal for global
selection of very attractive
buyers as capital investment
investment opportunities.
or for their own use continues
The upcoming development
unabated, precisely because
FOUR, located in Frankfurt’s
the capital’s prime locations
CBD, is just one example of
still cost a third of the price
the early signs of innovation
of an equivalent property in
prevalent in Germany. It
London. The key to success
is going to remould the
now is to link up the demand
skyline by adding four new
for housing, to focus on
skyscrapers.
customer requirements and
T
of Frankfurt, the Eurozone’s
In short, it’s impossible
understand local conditions—
not to be struck by the huge
Berlin has no time to lose. Its
potential for good quality, and
appeal and spirit of innovation
as Germany’s cities begin to
are drawing huge numbers of
play catch-up with the rest of
people to the metropolitan
the world and the demand for
he Berlin boom for example continues:
area and a response is
investment continues, this is
by international standards the capital is
needed since the number of
an area primed for growth.
secure and remains affordable with an
apartment completions falls
Germany’s real estate market
below the required 20,000
is without a doubt one to
2018. Residential high-rises are shooting up into the sky,
p.a. year after year. The global
watch over the coming years.
visionary neighbourhood projects engaging with questions
city of Berlin has arrived, in
of future urban living, new developments fulfil client
both an economic, cultural
requirements that were completely unthinkable in Berlin
and political sense.
average achieved price of 3,997€/m
2
in
some years ago. Berlin just keeps on growing and has
But Germany has much
developed into the creative hub of Europe. Start-ups and
more to offer than just
companies from around the world like Google, Samsung,
its capital. Recently we
Pfizer and Siemens are being drawn to the capital for its
consolidated our partnership
vast reserves of talent. Recruitment costs are on average
with Knight Frank and
40 percent lower than in other German cities. The massive
have now joined forces in a
growth in population (since 2011 Berlin grew by almost
cooperative venture wholly
300,000 people), the economic upturn (in the past five
unique to this country. It’s
years Berlin’s GDP growth outperformed the national
taking place in Frankfurt, and
average) and the peak in employment levels have over
in the approach to Brexit,
the last ten years caused justified interest from foreign
experts expect up to 5,000
buyers. New prime locations will take shape, as along
new jobs to relocate to the
Mediaspree and apartments with a view of the water that
city. The focus of interest
cannot be obstructed are some of the most sought-after
is also beginning to expand
in Berlin. There’s hardly any other major city where these
out from Berlin to the likes 117
International
All images are non-binding visualisations
Germany, Berlin AM HOCHMEISTERPLATZ CONDOMINIUMS
ACCOMMODATION INCLUDES:
Located just 150 metres from the popular shopping boulevard of
Elegant, high-quality condominiums
Kurfürstendamm, the elegant design of this new building takes inspiration
1 - 9 bedrooms
from classical architecture and is a perfect fit for the well-heeled residential
Central location near Kurfürstendamm
area of Berlin’s most prestigious boulevard. Am Hochmeisterplatz,
Spacious inner courtyard with private gardens
where established values and cultured style combine to form the perfect
Underground parking
bastion of class and exclusivity. Each apartment has at least one loggia,
Estimated completion: Q3 2020
a balcony, or a terrace. Approximately 58m² to 246m².
amhochmeisterplatz@ziegert-immobilien.de +49 30 880 353-0
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ASKING PRICE: From 498,000€
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Germany, Kronberg im Taunus FUTURISTIC MANSION
ACCOMMODATION INCLUDES:
Embedded in the rolling foothills of the Taunus range, this manorial
Exceptional property in Kronberg in the Taunus foothills
ensemble is one of the most exclusive places of residence in Germany.
New mansion of 713m²
Located mere minutes from Frankfurt am Main, the futuristic estate
5 bedrooms
offers plenty of privacy and ample space for representation at the same
Uncompromising high-end interior fit-out
time. The historic building next door divides into five rental flats that
Underground car park of 18 spots
are let to good covenants. The mansion buildings are surrounded
Historic mansion with 5 flats
by private parklands whose stock of trees is more than a century old. 12,653m² park with old-growth stock of trees.
rene.detroy@ziegertknightfrank.com +49 69 55 66 33 12
ASKING PRICE: On Application
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Switzerland, Geneva LUXURIOUS LAKE VIEW PROPERTY
ACCOMMODATION INCLUDES:
This luxurious contemporary property in the commune of Anières was
550m² living space
built in 2011 on a plot of over 2,132m². The garden, terraces and outdoor
938m² built
pool are at its centre and the building’s fine longitudinal lines make it
12 rooms
appear like a bird in full flight. The home is spacious with its three levels
Independent studio
providing a generous usable surface area of over 930m². From the first
Garage for 4 cars
moment, you enter a world in which art features whichever way you
Indoor and outdoor swimming pools
look. The surfaces of the eastwards façade are in black striped granite reminiscent of the creations of French artist Pierre Soulages, a favourite of the current owners. Alexandra.janet@naefprestige-knightfrank.ch +41 22 839 39 62
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ASKING PRICE: On Application
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Switzerland, Wallis GRIMENTZ SKI CHALETS
ACCOMMODATION INCLUDES:
Perched above the old village with breathtaking mountain views and right
Ski-in-ski-out development
next to the ski slopes, this development features ski-in-ski-out access
Finished to the highest standards
and basks in sunshine all day long. All the chalets and the apartments are
Apartments of 2, 3 or 4 bedrooms
built to the highest specifications, with traditional old wood exteriors.
Penthouses available
A team of interior architects is available to help personalise each property.
Chalets from 4 to 5 bedrooms Some chalets boast swimming pool and relaxation areas
ac@naefprestige-knightfrank.ch +41 (0) 79 599 19 86
ASKING PRICE: From 849,000CHF
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Spain, Madrid FOUR SEASONS PRIVATE RESIDENCES
ACCOMMODATION INCLUDES:
Occupying the top four floors of the iconic Centro Canalejas Madrid and
Dedicated Director of Residences
offering unparalleled comfort and luxury, the Four Seasons Private Residences
Interior design by Luis Bustamante Studio
is a limited collection of 22 branded homes with outstanding views in the heart
24h concierge
of one of Europe’s most vibrant cities. Combining modern and elegant design
Spa, gymnasium and indoor pool
with luxurious finishes and unlimited access to the Four Seasons’ amenities
1 - 3 bedrooms
and tailor-made services, the Four Seasons Hotel and Private Residences is
170 – 700m²
set to become a new icon in Madrid’s historic centre. Completion is set for December 2019 along with the opening of the 204-key Four Seasons Hotel.
Alejandro.azero@es.knightfrank.es +34 600 919 045
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ASKING PRICE: On Application
International
Spain, Madrid MONTALBÁN 11
ACCOMMODATION INCLUDES:
Located on the doorstep of the Retiro Park and in the cultural heart of the
6 bedrooms
city, the historic building and integral refurbishment will bring an exclusive
8 bathrooms
level of living and outstanding facilities for residents. In this unique project,
Gym with aquatic spa
art and architecture are combined to perfection due to the collaboration
Turkish baths and swimming pool
with Carlos Cruz-Diez, one of the greatest modern and contemporary
4 parking spaces
artists. The triplex penthouse is the last apartment available in this stunning
750m² with 220m² of terrace
project. Set over three floors, the penthouse includes a large private roof terrace on the seventh floor, a private pool on the eighth floor and stunning views over the whole city. A world-class asset only for the most privileged.
Javier.velduque@es.knightfrank.com +34 600 919 095
ASKING PRICE: 14,600,000€
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Austria, Vienna LUXURIOUS CLASSICAL APARTMENTS Cotton Residence is a stylish and magnificent building dating from the turn of the century with excellent infrastructure that combines a classical design with modernity. It offers prestigious one to three bedroom apartments with balconies and terraces on all floors, generous ceiling heights up to approximately 2,8 metres and garages. ACCOMMODATION INCLUDES: 2 rooms Combined kitchen living 1 bathroom - 1 toilet 2 terraces Living area: 92,62m² m.gruber@otto.at +43 1 512 77 77 – 343 ASKING PRICE: From 1,396,000€
Austria, Vienna EXCLUSIVE BELVEDERE PENTHOUSE The exquisite penthouse, planned with attention to detail, tasteful and family-friendly offers a total of approximately 300m² living space on two levels, as well as balconies and terraces on the living and sleeping level. Further features include a roof terrace with outdoor kitchen and fantastic views. Living area 300m². ACCOMMODATION INCLUDES: 6 rooms 3 bathrooms 3 toilets 2 terraces 1 balcony 1 garage m.gruber@otto.at +43 1 512 77 77 – 343 ASKING PRICE: 3,870,000€ 124
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Austria, Vienna TRADITIONAL ELEGANT VILLA The villa features beautiful main and side entrances and was built in 1898 in the style of an Italian palazzo. Surrounded by a garden designed in 1926 by the well-known landscape architect Albert Esch, the beautiful terrace with pergola and the spacious swimming pool provide the lovely garden with additional charm. Plot: 2,397m². ACCOMMODATION INCLUDES: 13 rooms 3 bathrooms 7 toilets 1 terrace 2 garages Living area 778m² m.gruber@otto.at +43 1 512 77 77 – 343 ASKING PRICE: 8,500,000€
Austria, Vienna BEAUTIFUL GARDENED VILLA The villa was built around 1910 and is in very good condition after renovation in 2010/2011. It offers a garage, several terraces and a large, very well-kept garden. The house is divided into several, separately accessible housing units and is suitable both as a single or multiple family house, as well as for the combination work and living. Plot 1,208m². ACCOMMODATION INCLUDES: 10 rooms 4 bathrooms 5 toilets 4 terraces Large garden Living area 600m² m.gruber@otto.at +43 1 512 77 77 – 343 ASKING PRICE: 2,690,000€ 125
International
USA, Aspen, Colorado MCLAIN FLATS Stunningly beautiful views from this custom home atop Starwood that overlooks the entire upper Aspen valley as well the Starwood ranch open space. Located very close to the gatehouse for quick access in and out of the best gated community in all of Colorado. ACCOMMODATION INCLUDES: 4 bedrooms 3 bathrooms Indoor swimming pool Large gourmet kitchen Free standing fire pit Approximately 5,750 sq ft
jason.mansfield@knightfrank.com +44 20 7861 1199 ASKING PRICE: $4,950,000
USA, Los Angeles, California BEVERLY GROVE Located in LA’s hottest enclave, this entertainer’s paradise was built barring no expense. Positioned on a rare, oversized lot with huge backyard and private cabana. Bright living room flows seamlessly outside through Fleetwood glass walls where you can relax on the Pebble Tec balcony and enjoy the panoramic views. ACCOMMODATION INCLUDES: 5 bedrooms 6 bathrooms Heated pool with low volt lighting Dual walk-in closets Approximately 4,605 sq ft
jason.mansfield@knightfrank.com +44 20 7861 1199 ASKING PRICE: $4,395,000 126
International
USA, Miami Beach, Florida MONAD TERRACE
ACCOMMODATION INCLUDES:
ASKING PRICE: From $1,800,000
USA, New Downtown, New York 125 GREENWICH STREET
ACCOMMODATION INCLUDES:
ASKING PRICE: From $975,000 127
International
France, Bonnieux FARMHOUSE IN LUBERON
ACCOMMODATION INCLUDES:
Charming 18th century farmhouse in Bonnieux, with approximately
6 bedrooms
2.5 hectares of land including a heated pool. This 410m² house
6 bathrooms
includes a large living room with dining room, a fully equipped kitchen,
Swimming pool
six bedrooms and six bathrooms and a garage. Located only two
Rental investment
kilometres from one of the most beautiful villages of the Luberon.
Luminous
Exceptional and rare property in Provence!
Century oaks
contact@janssensimmobilier.com +33 (0) 4 90 75 96 98
128
ASKING PRICE: 3,900,000€
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France, Pampelonne EXCEPTIONAL SEAFRONT HOUSE
ACCOMMODATION INCLUDES:
Located just 450 metres from the beaches of Pampelonne, this house
7 bedrooms
of 240m² offers a beautiful sea view. Currently built over two levels with
5 bathrooms
seven bedrooms, the villa has been renovated on the lower level, and
Stunning sea views
requires some refreshment on the first floor. The 2,914m² plot of land
Recently renovated ground floor
features a pool with a pool house.
Terraces Parking spaces
contact@skillingtonjanssens.com +33 (0) 4 94 79 80 42
ASKING PRICE: 5,360,000€
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International
Australia, Sydney CROWN RESIDENCES
ACCOMMODATION INCLUDES:
Crown Residences at One Barangaroo is destined to be Sydney’s most
2, 3 and 4 bedroom residences and only one duplex penthouse available
prestigious address when completed in early 2021. Showcasing world-class
Full access to 6-star hotel facilities
design and access to Crown Sydney’s 6-star luxury hotel amenities,
Bespoke interiors from Meyer Davis Studios
residents will enjoy the most prized of Sydney Harbour’s panoramic views;
Wilkinson Eyre architecture
the Opera House and Harbour Bridge. Offering all the benefits of city living
Open-air pool deck by St Legère
on the water’s edge with fine-dining establishments and leisure spaces
Dual or triple aspect views
on your doorstep, this is the chance to own a piece of one of the world’s favourite cities.
Erin.vantuil@au.knightfrank.com +61 409 325 700
130
ASKING PRICE: From 9,500,000$AUD or 5,920,000€
International
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UK, London, Marylebone THE W1 LUXURY RESIDENCES
ACCOMMODATION INCLUDES:
London’s finest new luxury residences are located in a prime location
2 - 3 bed apartments and 4 bed townhouses
on Marylebone High Street and with Regents Park, Mayfair and Oxford
8 minutes’ walk to Baker Street tube station
Street in close proximity. The W1 features three stunning penthouses,
Bespoke Italian kitchens
15 exceptionally appointed apartments and five contemporary
Underfloor heating and air conditioning
townhouses of impeccable specification. Completed and ready for
24 hour concierge and security
immediate occupation. Final few homes remaining.
Secure underground car parking
moreas.madani@knightfrank.com +44 (0)20 7861 5321
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ASKING PRICE: From 5,590,000£
International
UAE, Dubai, Palm Jumeirah THE ROYAL ATLANTIS
ACCOMMODATION INCLUDES:
International luxury living is redefined at The Royal Atlantis Resort &
A selection of 2, 3, 4 & 5 bedroom apartments, sky courts, penthouses
Residences. This elegant haven sits high up above the waters of the
& garden suites
Arabian Gulf, offering exceptional views of the Dubai skyline. Residents
Built-up area of approximately 133 – 1,739m²
enjoy their own private entrance, access to luscious gardens and
90 metre-high infinity pool, with stunning Dubai skyline and sea views
multi-level sky pools as well as Michelin-starred restaurants. The Royal
Luxury resort lifestyle to include celebrity chef restaurants, spa
Atlantis Residences will create an unparalleled haven and the perfect
and 1,7km of beachfront
place to call home.
24-hour concierge and valet services
TheRoyalAtlantis@KnightFrank.com +(971) 4 426 2888
ASKING PRICE: From 1,690,000€
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International
At a glance: GLOBAL WEALTH TRENDS
The Wealth Report in numbers
22%
The rise in UHNWIs* globally in the next five years
20M
The number of people globally in 2019 that have US$1 million or more in net assets
30%
The percentage of global HNWIs* located in Europe in 2019
1.9% Average rise in prime prices in Europe in 2018
36%
The percentage of UHNWIs* that hold a second passport
Key findings
Eurovision: European cities are
with a growing presence from Chinese
still performing strongly in our Prime
buyers, these markets offer healthy tenant
International Residential Index (PIRI),
demand, relative good value and an attractive
performance (it hosts eight of the top ten
which tracks the movement in luxury
lifestyle.
countries with the fastest growing UHNWI
residential prices across 100 of the world’s
populations) means 2019 will be the year the
most desirable cities and second home
Wealth trends: Asia’s strong economic
Hard Brexit, no
number of US$ millionaires globally exceeds
hotspots. Edinburgh, Berlin, Munich and
Brexit, Brexit-lite: whatever the outcome,
20 million for the first time. India will lead
Madrid all made the top ten rankings in
London will remain the leading global
five-year growth with 39%, followed by the
2018, each registering annual growth above
wealth centre in 2019. With the world’s
Philippines (38%) and China (35%).
8%. Luxury prices in Marbella ended last
largest UHNWI population, the city sweeps
year 3% higher.
the board in our annual City Wealth Index,
Weaker growth: Expect slower price growth in key luxury residential markets,
pushing its only serious rival, New York, into Future-gazing: Madrid, Berlin, Paris
with more markets seeing values fall this year.
and Cape Town lead our prime price forecast
As values adjust, buyers will feel the balance
for 2019. Increasingly popular investment
of power shift in their favour.
hubs for European and global investors,
134
second place.
International
Push & Pull:
Taxing issues:
Globally mobile:
What I haven’t mentioned… but also inside: Time for Plan B:
Ones to watch:
Life post-QE: Objects of desire:
Next neighbourhoods:
Departure board:
We’d love to share our insights with you, for your copy of The Wealth Report please contact DM Properties. *
*Definitions UHNWI: Ultra-high-net-worth individual – someone with a net worth of over US$30 million excluding their primary residence. HNWI: High-net-worth individual – someone with a net worth of over US$1 million excluding their primary residence. PRIME PROPERTY: The most desirable and most expensive property in a given location, generally defined as the top 5% of each market by value. Prime markets often have a significant international bias in terms of buyer profile.
135
Highlights
CONTRIBUTORS
KATE EVERETT-ALLEN
ZOE DARE HALL
SAM HEXTER-ANDREWS HEXTER-ANDREWS
Partner and Head of International Residential Research at Knight Frank
Property Journalist
Freelance Freelance Motoring Motoring Journalist Journalist
Kate is responsible for tracking, analysing and forecasting trends across global housing markets and is a regular commentator on global housing markets in the press. She produces Knight Frank’s four global indices covering mainstream and prime residential prices and rents across city and second home markets around the world.
Zoe is a London-based freelance journalist and huge Hispanophile who specialises in all aspects of UK and overseas property, with particular expertise in the luxury market. She writes regularly for the Daily Telegraph and Sunday Times and is a property expert for various luxury magazines and the Telegraph Luxury website.
Sam worked in a key communications role for a major financial organisation for over five years prior to relocating to Marbella to further pursue his passion for motoring. Sam has had automotive content published in multiple luxury magazine titles across Europe and has produced editorial features on behalf of leading brands, including Porsche, Bentley and Jaguar Land Rover.
136
SVEN HENKES
MICHEL PAUL-ANTHONY CRUZ
Managing Director Ziegert Immobilien
Founding partner of Manifesto Design
Sven is Managing Director of the ZIEGERT Bank - und Immobilienconsulting GmbH with 15 years of professional experience in senior positions of the FMCG and real estate business. He is leading the national and international agency services and consulting business across the entire value chain of residential real estate services for property developers and buyers.
Michel is a marketing and product development expert with a background in macroeconomics. He has been managing his own marketing agency for over 15 years and is a regular contributor to real estate market publications, as well as authoring market reports and international research studies.
HIGHLIGHTS Publisher Pia Arrieta Diana Morales Properties | Knight Frank Creative Lead Jo Usher Layout and Production Manifesto Design www.manifestodesign.com Production Manager Jacqueline Stone Writer & Editor Michel Cruz Images - Editorial and Property Features Charly Simon
On the cover Production: Kreoidea Photography: Irene Sekulic Stylist: Desiree Morales Model: Sofía Cox
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IMPORTANT NOTICE 1. The particulars are believed to be correct but their accuracy is not guaranteed nor do they form part of any contract. No responsibility or liability whatsoever can be accepted by DMP REALTY S.L for any errors or for any loss or damage resultant from the use of or reference to the contents of this document. 2. Prices exclude all purchasing costs and taxes. 3. You must take independent advice and satisfy yourself by appropriate inspections, surveys, searches and enquiries about all matters relating to any property, including the correctness and completeness of any information. 4. Computer-generated images are indicative only. Photographs show only certain parts of any property as they appeared at the time they were taken. 5. Intellectual property: Copyright 2019. All rights reserved. 6. DMP REALTY S.L is a limited liability company registered in Spain with registered number B29881455 and registered office at Avda. Cánovas del Castillo 4, 1st floor, office 3, Marbella 29601, Málaga, Spain.
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