Thessaloniki real estate market: A dynamic up-and-coming city drawing international attention

Top prices per square metre reach 10,000 euros in city centre
Chalkidiki region is a Greek holiday and property hotspot in 2023

Hamburg, 6 July 2023. Greece’s second largest city Thessaloniki is located some 520 kilometres north of Athens, in the region of Central Macedonia in the north of the country. At the moment, the city on the Thermaic Gulf is currently often only known among country enthusiasts among those interested in real estate, even though the urban port city is now one of the most up-and-coming real estate markets in Europe. “Thessaloniki is the pulsating heart of Greece, and more and more people are recognising its potential. Around 15 percent of property buyers come from abroad – and this number is on the rise. The more tourists come to Thessaloniki, the more people want to buy real estate there. Many are surprised by the vibrant flair of the city, the wide range of properties and moderate prices,” says Georg Petras, CEO Engel & Völkers Greece.

Property prices in city centre have risen by 20 percent on average

Compared to the cosmopolitan capital Athens, Thessaloniki is better known for its casual flair. The city’s blend of hip, young cultural scene and centuries-old heritage, along with its location directly by the sea, makes Thessaloniki unique and is attracting ever-greater international attention. Approximately 15 percent of property buyers now come from abroad, compared to 4 percent in 2018. The majority of these clients come from the DACH region (37.9 percent), Israel (7.3 percent) and the USA (6.4 percent), which has been investing particularly heavily in Greece since last year – due to the low euro exchange rate and the strength of the US dollar. A quarter of foreign transactions in Greece can be attributed to US citizens alone in 2022. The steadily growing influx of national and international capital, meanwhile, is being fuelled by Thessaloniki’s significance as the most important port and transport hub in the Balkan region. According to Statista, Greece’s gross domestic product is expected to grow steadily by a total of 37.4 billion US dollars (+15.63 percent) over the next five years. Moreover, the government’s recent reforms, such as speedier processing of foreign permit procedures, tax incentives and good golden visa conditions, have significantly increased Greece’s appeal. A trend that is having a positive impact on Thessaloniki’s real estate market: “Thessaloniki is more desirable as an investment location than ever before: the city has been on a noticeably upward trajectory for several years now, and more and more capital is being generated and moved here,” Georg Petras reveals. The average price per square metre in Thessaloniki is currently approx. 2,350 euros, a year-on-year increase of approx. 20 percent (first half of 2022: 1,960 euros).
Neighbourhoods in the centre, surrounding the historic heart of the city, rank among Thessaloniki’s most desirable and expensive residential areas. These areas are especially popular with young buyers, due to the immediate vicinity to the city’s main sights, the vibrant bar and restaurant scene, and eclectic mix of architectural styles. Refurbished apartments spanning 50 to 80 square metres of living space are especially popular here. The increased demand from expats and young buyers for properties in the centre for short-term rental has seen interest grow in properties for sale as an investment with high ROI potential. As a result, the average price per square metre directly in the centre has risen by approx. 21 percent year-on-year (first half of 2023: 2,710 euros per square metre / first half of 2022: 2,230 euros per square metre). Premium properties can command top prices of up to 10,000 euros per square metre. Further away from the centre, the Thermi-Panorama, Kalamaria and Thermaikos districts in the southeast of the city are also sought-after residential locations, popular with families and travellers alike due to their new shopping malls, good schools and proximity to the airport. Average prices per square metre here range between 1,574 and 2,659 euros. Top asking prices for contemporary villas with sea views reach 3.5 million euros.

Chalkidiki – Island flair not far from bustle of the big city

Around 60 minutes by car to the east of Thessaloniki’s centre lies the peninsula of Chalkidiki, which is famous for its three headlands with over 550 kilometres of coastline, Mediterranean forests and golden sandy beaches. Although the region is one of the country’s classic holiday regions, it is still comparatively less frequented as a real estate location. “Chalkidiki boasts picture-postcard idylls and is the absolute Greek hotspot of the moment in 2023. This is because, compared to other popular locations such as Mykonos, the availability of properties is still keeping up with the level of demand,” says Georg Petras, adding, “With easier lending by Greek banks to foreign buyers, we are registering strong international demand, especially for properties worth in excess of 1 million euros.”
The top 3 locations on the peninsula are the picturesque villages of Pefkochori, Hanioti and Nikiti. Top prices per square metre of over 4,000 euros are paid for contemporary apartments. Villas directly by the sea can reach asking prices of up to 5.5 million euros.

Around 30 percent of international clients here come from Northern Europe, Israel and the USA. They are especially interested in villas along the coast or popular spots like Nikiti.

Outlook: Exciting future prospects and lively market dynamics

Engel & Völkers forecasts that the Thessaloniki market will continue to see dynamic growth over the next six months. In particular, the growing purchasing power from abroad will form a vital pillar in the development of the port city on the Aegean Sea. “Thessaloniki is a thriving location for sound capital investment. The potential for value appreciation is still very good compared to many other cities, as is the availability of real estate. The prospering economy promises growth and vitality, with an authentic quality of life that is attracting expats from all over the world. Thessaloniki will play an increasingly prominent role on the international real estate stage in the medium to long term,” Georg Petras concludes.

Sea view Maisonette in Thessaloniki East

Engel & Völkers is currently marketing this unique Maisonette in Thessaloniki East for 690,000 euros. The property boasts incredible views with its amazing location situated in a beautiful forest, with panoramic views of the entire Gulf of Thessaloniki. The apartment has a total living area of 240 square metres, with four bedrooms, three bathrooms, a fully equipped kitchen and an open plan living area with sliding door access to the terrace which overlooks the surrounding hills and the port.
(Image source: Engel & Völkers Thessaloniki Market Center)

Secluded Paradise in Chalkidiki

This private sanctuary in the exquisite coastal town of Paliouri, Chalkidiki is nestled amidst nature’s breathtaking beauty. The luxury estate offers an unparalleled retreat for those seeking a true sense of escapism, with panoramic sea and mountain views all around. With 820 square metres of living spaces and situated on a sprawling plot of 4.090 square metres. Engel & Völkers is currently listing this property for 4.5 million euros and it includes nine bedrooms, nine bathrooms, a built-in kitchen, an open plan living area with a bar area and a patio. A highlight of the property is it´s direct access to the picturesque private beach.
(Image source: Engel & Völkers Thessaloniki Market Center)

7 July, 2023/by Jackson Thompson

ARCHITETTURA, Decorador, Exterior, Inmobiliaria

Everyday aids and problem-solvers for the family bathroom

Less stress in the bathroom thanks to assistive and sustainable complete bathrooms

Bathroom solutions for a stress-free and smooth bathroom routine for the whole family
Smart storage solutions for trouble-free tidiness
Robust and durable materials that withstand the rigors of everyday family life
Safe and considered solutions – including for small children

The morning routine for many families often looks more like a race: who can grab the best place in front of the mirror? Who will be at the back of the tooth-brushing queue? There is no doubt that getting a family’s day off to a good start in the bathroom is an organizational challenge. Heavy demands are placed on the bathroom, making robust and durable bathroom equipment all the more important. Duravit offers sophisticated bathroom solutions that are comfortable, aesthetic, and safe – and help make daily life easier as problem-solvers.

Where every touch is sure!

A double washbasin is recommended to save as much time (and stress) as possible in the morning. Perfect for this task are the double washbasins from the popular DuraSquare and DuraStyle ranges as well as the model from the ME by Starck bathroom collection. Made from sanitary ceramic, a robust and durable material, the double washbasin is impervious to dirt and abrasive substances such as hair dye and nail polish remover, making it ideal for the family bathroom.

Anyone who values order and clear structures will appreciate the above-counter basins of the Bento Starck Box series. The intelligent separation of wet and dry areas is perfect for tailored designs where personal care products can be placed within easy reach while also showcasing them. This also helps reduce water splashes on the storage area around the washbasin.

A tidy bathroom is a tidy mind – thanks to smart storage solutions

Combining washbasins with high-quality bathroom furniture to open up a range of modification options makes individual bathroom routines a breeze. The furniture ranges Brioso, D-Neo, L-Cube, and Ketho.2 enable the washing area to be adapted to personal requirements and preferences. Additionally, draw dividers can be added to washbasin vanity units so that no time is lost locating essential items in the morning rush.

Another highly practical feature are the mirrored cabinets where the most essential facial and dental care products are stored at eye level, with their indirect illumination providing a pleasant lighting effect in the bathroom. Mirrored cabinets with additional storage space create a feel-good factor, particularly in small bathrooms.

Infobox: Safety for the little ones

The following points should be noted to ensure that the home bathroom stays safe for children amid the bustle of everyday life:

Slip-resistant tiles and non-slip shower trays ensure a better grip, including on wet surfaces. The Sustano by Duravit recyclable shower tray features anti-slip class C and can be flush-mounted, which prevents potential trip hazards.
The heatlock function on the Duravit shower faucets protects children’s sensitive skin from scalding, while MinusFlow and FreshStart teach even the youngest children how to manage water sparingly in the bathroom.
Smart storage solutions mean that the bathroom can be designed safely for small children. For instance, tall cabinets offer storage space for electrical devices and cleaning materials, while mirrored cabinets are the ideal place for special products such as perfume bottles or medicines, keeping them out of the reach of children. At the same time, open cabinet elements mean that children can reach their own products themselves such as toothbrushes, face cloths, and face creams.

About Duravit AG

Founded in 1817 in Hornberg in the Black Forest, Duravit AG is today a leading international manufacturer of designer bathrooms and is active in more than 130 countries worldwide. The complete bathroom supplier’s product portfolio comprises top quality sanitary ceramics, bathroom furniture, bathtubs and shower trays, wellness systems, shower-toilets, faucets, and accessories as well as installation systems. Alongside its in-house design expertise, Duravit also works closely on product development with an international network of designers such as Cecilie Manz, Philippe Starck, Christian Werner, Sebastian Herkner, and Bertrand Lejoly as well as talented newcomers. Duravit’s ambition is to make its stakeholders’ lives a little better each day through a combination of forward-looking designs, uncompromising product excellence, a keen sense of human requirements, and responsible corporate management. A key measure in achieving these aims is the overriding mission to become a climate-neutral business by 2045 with no exceptions.

4 June, 2023/by Jackson Thompson

alloggiamento, ARCHITETTURA, Inmobiliaria

Proyecto de Villa Exclusiva de Lujo ubicado en la privilegiada zona residencial de Cortijo Blanco en Marbella

TUNNING VILLA PROJECT IN WALKING DISTANCE TO THE BEACH

Villa, Buy | San Pedro Playa, Marbella West

#evrealestate #engelvoelkers #luxuryrealestate #marbellarealestate #luxurylistings #luxuryhomes #SanPedroAlcantara #luxurylifestyle #luxurylife #luxuryhouse #marbellavilla #myluxepoint

Exclusive villa project located in the privileged residential area of Cortijo Blanco, only 200 meters away from the beach and a short distance from Puerto Banús and Marbella. Distributed over 4 levels, this is a stunning contemporary home where the elegant and modern design of the home is complemented by the latest technology. Welcomed by a grand open-plan living replete with floor to ceiling sliders that allow natural light to flow through, all overlooking the sleek welcoming outdoor areas.

Each space has been thought with the utmost detail and exquisite finishes have been selected throughout, incorporating natural elements and sophisticated furniture. Beautifully appointed chef´s kitchen, connected to the embracing dining area, which leads effortlessly to the inviting outdoor areas. Outside amenities include a modern infinity swimming pool, covered lounge areas complemented with stylish floating flooring. The first floor boasts a stunning master suite, complete with a gorgeous spa-like bath with steam shower and separate tub, walk-in closet and private wrap-around balcony. There are two more sizeable bedrooms on the same floor, with a continuous line of unifying details and exquisite finishes throughout. The basement includes another fully equipped living area and two more bedrooms. Privately gated, this stunning off-plan villa is a perfect family home as it is close to all amenities, distinguished international schools and fantastic restaurants. Completion scheduled for Q2 2023.

VIDEO TOUR THROUGH THIS PROPERTY

Discover your future property in advance by going on a video tour. Be inspired!

5 Bedrooms

5 Bathrooms

439 m² Built Area

673 m² Plot Surface

3.100.000 €Approx. 2.732.340 GBP Asking Price

E&V ID W-02OO37

CONTACT

SPECIAL FEATURES OF THIS PROPERTY

Beachside

Excellent condition

SAN PEDRO PLAYA, SAN PEDRO DE ALCANTARA

At the foot of the picturesque village of San Pedro de Alcántara and only 10km from the centre of Marbella, with all the flavour of the ancient Andalusian charming villages, is the enclave of San Pedro de Alcántara Beach, currently connected to Puerto Banús by a beautiful promenade lined with tall palm trees and golden beaches offering renowned restaurants and exclusive beach clubs. In this residential area, quiet and well developed, wide avenues communicate the surrounding area of newly built apartments and small villas with Andalusian accent. It is an ideal place for anyone looking for the perfect marriage between beach and village, with all that entails; services, amenities and the proximity to the famous Puerto Banús, Marbella and Guadalmina. The area boasts wide, modern avenues with cycle lanes, gardens and public transport. It is also surrounded by shops and restaurants. Just a few minutes away we can find the beaches of San Pedro de Alcántara de Marbella and the very well known harbour of Puerto Banus, which means endless possibilities to enjoy all kinds of water sports.…Read more

Stunning villa project within walking distance of the beach in San Pedro Playa

Follow us on Instagram @engelvoelkers.marbella for luxury real estate

24 February, 2023/by Nico Nico

Actualidad, ARCHITETTURA, BUSINESS, Inmobiliaria, Inversión

Shabir Hussain Ceo , SHAM LUXURY PROPERTIES London, England, United Kingdom

Shabir Hussain CEO & FOUNDER, SHAM LUXURY PROPERTIES London, England, United Kingdom

Shabir has years of experience in Banking, Corporate Purchasing and Real-Estate, having held positions at BNP Paribas, Fam Properties and Birmingham City Council.

When he saw there was a Demand, he didn’t wait for the opportunity he created it and became that bridging gap between the UK and UAE to serve investors.

The GLOBAL strategist

The market today

SHAM | EDITION VISION & VALUES

Our team has a great interest in focusing on key developing regions, that have a low supply and a high demand for property. Secondly, our focus is on London, Birmingham and Manchester as these are the top three cities with outstanding universities for the international clients to generate a lucrative return. We also provide Bespoke Residential Apartments in Dubai, built to impress with the unique designs and architecture overlooking the breath-taking views. These signature developments add value to our investor’s portfolios.

Moreover, we are that bridging gap between the buyer’s and the sellers worldwide, we make the possible happen, and facilitate the most important transaction with integrity.

Our team are highly driven and do things that other people are afraid to do, to win in the market. We have partnered up with several recognized developers in the United Kingdom and United Arab Emirates, serving clients to buy and sell the most luxurious properties with peace of mind.

FREQUENTLY ASKED QUESTIONS BY INVESTORS

Subsequently, with all the issues the world has been facing since the Global Pandemic, Investors are keen to ask questions about the condition of the market before making any decisions. The most common question I get asked is “when to invest”, well, my answer is, “there is not a Golden time to invest.

The best time to buy is in a low market, which enables you to minimize your risks, while maximising your upside potentials and most importantly to factor your exit strategy in place, this allows you to maximise your returns.

This can only be done right, if the investment advisor has made an educated decision in sourcing, reviewing and structuring the deal, in a way that will benefit your investment.

HOW RESILIENT WAS THE UK REAL ESTATE MARKET BEFORE COVID 19

As you all know the UK market is one of the strongest markets in the world, attracting thousands to invest in prime areas. In 2019 the national housing price growth come to a standstill due the lack of supply, this was a positive for landlords as the rental growth saw a slight increase during 2019 due to declining availability of homes to let. So, this just shows there was a Supply vs Demand issue that we were facing.

The private rents in London on average rose by 0.9% in nominal terms in the year to June 2019 (ONS). This is up from -0.2% in June 2018 and marks seven consecutive months of positive nominal rental growth.

DID THE PANDEMIC IMPACT THE REAL ESTATE MARKET

The whole world was on a standstill and the property prices fell sharply after the onset of COVID-19 when the ockdown measures restricted the completion of property transactions.However, they quickly recovered, reaching a new record peak by November 2020.

These increases were mainly driven by the policies introduced early on to support businesses, household incomes and the housing market. These boosts to demand interacted with the decades- long under supply of housing – exacerbated by even worse than usual construction levels in Q2 2020.

Movement restrictions introduced in the second quarter of the year followed by the gradual easing of restrictions and the subsequent introduction of a property transaction tax holiday in July 2020 (which was due to run until March 2021) have made 2020 an unusual year in the housing market.

HMRC estimates pointed towards a 14.9% yearon-year increase in UK residential property transactions over 2021-22 (1,374,050), with annual volumes reaching their highest level since 2007- 08 (1,473,950) and year-on-year growth in the post-financial crisis era surpassed only by that in 2013-14 (22.8%).

Despite transaction volumes contracting for three consecutive quarters through Q4 2021, from the record high of Q2 2021 and as a combination of temporary stimulus support being wound down and exponential growth in house prices pressured affordability for many, quarterly transaction volumes remained both above or in line with the long-term average, and above levels recorded during the lockdown nadir through near-term post-lockdown recovery period.

Shabir-hussain Ceo Sham Luxury Properties

WHAT’S HAPPENING IN THE MARKET NOW

As a result of the fall and the subsequent recovery of London rents during the pandemic, annual increases in average asking rents were at a high of 15.8% in the second quarter of 2022, with Rightmove recording the highest annual growth ever in any region.

Demand for private rental homes remains above supply in London and there are signs that both supply and demand are continuing to increase slowly, despite reports of many landlords considering leaving the market.

According to the House Price Index from the ONS, London house prices rose by 7.9% over the year to April, up from 4.9% annual growth in March. The average house price was highest in
Kensington & Chelsea at £1.5 million, and lowest in Barking & Dagenham at £336,000.

15 February, 2023/by Nico Nico

ARCHITETTURA, Inmobiliaria

Luxuryestate Zurich: Residential real estate market – Prices flatline on a high after period of growth

Luxury real estate Zurich: Residential real estate market – Prices flatline on a high after period of growth

Price highs of 35,000 Swiss francs (approx. 35,000 euros) per square metre
Sustained upward trend for modern urban apartments and historic mansions

Hamburg / Zurich, 18 January 2022. Zurich is among the cities in the world offering the highest quality of life. As one of the leading financial and economic centres in Europe, the city attracts many private buyers and institutional investors. With its population now having reached 440,000, more people are currently live in Zurich than ever before. “In Q3 2022, residential property prices in Zurich only rose slightly (+0.6%) over the same quarter last year. In view of the continuing demand from national and international buyers, along with the extremely limited supply of properties in prime locations, we expect prices to flatline on a high in 2023,” says Axel Kühn, Licence Partner at Engel & Völkers Zurich Paradeplatz & Oerlikon. The average price per square metre for apartments in the luxury segment is currently between 22,000 and 35,000 Swiss francs (approx. 22,000 to 35,000 euros). The average sales price for mansions and detached properties with living interiors of some 300 square metres is 9 million Swiss francs (approx. 9 million euros). The steady growth in the population will continue to drive this excess demand – meaning that, despite the current economic outlook and rising interest rates, prices can be expected to remain stable in the city centre, in prime locations, and the surrounding regions. The high quality of life, the diverse array of cultural offerings and educational institutions, and the proximity to the mountains make Zurich an attractive primary residence. Alongside traditional banks and insurance firms, many tech companies and start-ups have recently relocated their headquarters to Zurich. This trend alone will mean that the appeal of the city as a place to live and work will continue to increase.

luxuryestate

Appealing location factors and a high standard of living attract international buyers

Around 120,000 companies are based in Zurich, forming a dynamic network of major international corporations, innovative medium-sized companies and highly specialised small businesses. “The burgeoning start-up scene gives a further boost to its status as a business hub, which in turn is prompting lots of young talent and a highly qualified workforce from all over the world to settle here and, after initial rental experiences, act on their long-term purchase plans,” says Lars Keller, Licence Partner of Engel & Völkers Zurich & Zurichberg. While domestic clients account for around 75 percent of the real estate market, 25 percent of all property transactions in Zurich can now be attributed to foreign buyers living in Switzerland – and this figure is on the rise. The majority of prospective buyers come from Germany, the Benelux Union, the UK, France, Italy, Eastern Europe and Scandinavia.

Top prices for residential property in hillside locations on Lake Zurich

Among the most exclusive locations are Fluntern and Hottingen at the foot of the Zurichberg. These two residential neighbourhoods are east of the historic city centre and combine the benefits of suburban living with the luxury of expansive natural surroundings. The many opportunities for jogging and mountain biking make this location particularly popular with clients who enjoy a sporty, active lifestyle. Historic estates on large plots with magnificent gardens and unobstructed views of Lake Zurich and the Alps are in high demand here. In 2022, just a small number of properties of this calibre changed hands for tens of millions. Top prices per square metre in excess of 33,000 Swiss francs (approx. 33,000 euros) were fetched for high-end apartments.

The Enge neighbourhood is situated southwest of the city centre. Residential properties here are set over a hillside dotted with large parks filled with mature trees. This area is especially popular with young families due to it being within walking distance to Zurich’s business centre and lakeside bathing spots. In 2022, townhouses sold here for up to 10 million Swiss francs (approx. 10.1 million euros). The top price per square metre for loft apartments was as much as 24,500 Swiss francs (approx. 24,500 euros).

Höngg is located above the Limmat River on the slopes of the “Käferberg”. Thanks to its south-facing location overlooking the city centre, Lake Zurich and the Limmat Valley, this neighbourhood is highly sought-after by families and commuters. Residents here also value the proximity to the local recreation areas of Waidberg / Käferberg, as well as the convenient transport links to the city centre and Zurich Airport, which can be reached in just 15 minutes by car. In 2022, mansions in Höngg sold for an average of 4 to 5 million Swiss francs (approx. 4 to 5 million euros).

Zurich West is the former industrial quarter and one of the city’s up-and-coming districts. This trendy district has a captivating alternative flair and makes for an architectural contrast to the picturesque Old Town. A host of different cafés, vibrant craft shops and second-hand boutiques add to the charm of Zurich West. This area of the city is particularly popular with students and young entrepreneurs. Top prices per square metre for freehold apartments here in 2022 reached 23,500 Swiss francs (approx. 23,500 euros).

luxury real estate Outlook: Thriving economic area to safeguard high prices

New construction projects such as “Europaallee” directly next-door to Zurich’s main railway station, the “Käferholz” residential complex with over 200 premium freehold apartments and “Hamberger Park” with luxury apartments are all playing their part in the ongoing structural evolution of the city, and attracting renowned corporations such as Google. Zurich is becoming increasingly cosmopolitan with the accompanying influx of expats, without losing any of its historical heritage as a centre of culture. The sustained price rises in recent years prove that Switzerland’s regional real estate market is witnessing stable growth. For 2023, prices are expected to level out on a high. “Thanks to their stable value, residential properties in and around Zurich are a sound and future-proof investment,” says Kerstin Kühn, Licence Partner of Engel & Völkers Zurich Paradeplatz & Oerlikon, who goes on to make a recommendation: “Focus on properties in well-developed communities in suburban or rural areas that offer space to set up a home office, or, alternatively, focus on micro-apartments in the city centre.”

Captions:

Classic mansion in Wollishofen

Located in the heart of Zurich’s Wollishofen neighbourhood, Engel & Völkers currently has this historic mansion dating from 1895 listed for sale (price on request). The property is set on a plot spanning some 2,000 square metres, with a total of 15 rooms spread over three floors. The mansion is impressive for its refined details that include original parquet flooring, restored stucco ceilings and specially made silk wallpaper. (Image source: Engel & Völkers Zurich Paradeplatz)

Exclusive freehold apartment on the Sonnenberg

Situated on the “Sonnenberg”, this exclusive apartment is on sale for 4.3 million Swiss francs (approx. 4.4 million euros). The 2.5-room apartment is located in a building with five residential units in total. It affords state-of-the-art comforts throughout its interiors, which span 113 square metres. The property also boasts a large covered terrace and, thanks to its southwest orientation, it is ideal for owners looking to enjoy a panoramic view over the city and the surrounding vineyards. (Image source: Engel & Völkers Zurich Zurichberg)

20 January, 2023/by Maria G

alloggiamento, architetto, ARCHITETTURA, Decorador, decorazione, DESTACADOS, Inmobiliaria, Interiorismo, Interiorista

UDesign | Luxury Home Design – Manhattan Suite Apartment

Eclectic, sophisticated, mature, classical and modern. These are all words that fit the description of the Manhattan Suite Apartment.

The bold colours, the dark wooden floors, the four metre high wooden ceilings and the funky old school style comes together to create an inspiring environment. Based on the principles of simplicity and symmetry the design choices in the living area hint at Neo-classicism.

The artworks carry a theme of faces and add splashes of colour and a sensual mood to the room. The striking (and very realistic) Cavalli wallpaper in the hallway turns a normally boring place into a really interesting space.

The master bedroom has shades of the baroque, especially in the wallpapered panels on both sides of the fireplace and the circular mirror, a little Art Nouveau in the hanging brass lamp and four armchairs, and the rest as minimalist as possible to make the whole thing work.

Luxury Home Design

The minimalist/baroque style carries through to the bathroom, where a full-size statue of Venus de Milo stands beside the window looking in. She likes what she sees: a free-standing bath, a small round table to place the champagne glass, a simple but elegant towel rack and a wine-red stool, all overlooking the wonderful view of the city. The details speak volumes in this superlative bedroom suite.

17 July, 2022/by Carlos

architetto, ARCHITETTURA, DESTACADOS, Inmobiliaria

Insula Properties – Avant-garde architecture in unique locations

Insula Properties was founded to create unrivaled sites. Ideal locations in which to build dreams. Because the perfect spot deserves unique, sustainable and timeless projects, where design
elevates the living experience to a lifestyle. Distinguished residential houses in privileged sittings, an investment for the future.

02_-VIZ20-08_PalmaMallorca_General_F_aran-2

Equipo Ínsula Properties

With the aim of fostering state-of-the-art architecture in unique locations, Pro.ces (founded by Udo Fuhrmann and Dennis Isenburg), and Jose Barea Arquitectos join forces to launch Insula
Properties, thus combining the extensive experience of a developer and consultant on international projects and the vision of an architecture studio based on brilliance and excellence.

Pro.ces GmbH, based in Emdem (Germany), has long been developing construction projects. For various construction projects, pro.ces GmbH can rely on a broad partner network as well as
many years of experience in the construction industry. Experience that is transferred to the construction projects carried out, be it in residential and commercial construction, in the elderly
care sector, or listed buildings. This allows projects to be carried out reliably, on time and with a high architectural and construction quality.

On the other hand, Jose Barea Arquitectos, integrates a team of professionals connected by a common goal: to create spaces in which to enhance quality of life and to inspire other architects
and generations. Every architectural concept is studied and refined repeatedly, driven by the desire to generate buildings that are as functionally efficient as visually stunning.

14 May, 2022/by Rubén