, ,

Cologne property market: Prices level out at a high

Cologne property market: Prices level out at a high

  • Average asking prices of 1 million euros in Lindenthal
  • Cologne most favourably priced city in “Top 7” national comparison
  • Energy-efficient new buildings in particularly high demand

Hamburg, 18 August 2022. With a population of more than one million, Cologne is one of the largest cities in Germany – after Berlin, Hamburg and Munich. The cathedral city on the River Rhine is one of the most sought-after residential locations in the Federal Republic, thanks to the high quality of life it offers, and its importance as a centre of business, research and education. “In spite of interest rate increases and inflation, the level of demand for property in the city and the surrounding region is constant,” says Christian Sprave, Managing Director of Engel & Völkers Cologne, adding: “Real estate remains a crisis-proof investment with high value retention. There is also a lack of attractive and reliable investment alternatives. Energy-efficient new buildings in Cologne’s city centre are in especially high demand at the moment.”

Freehold apartments: City centre is most expensive and desirable location

Average asking prices for existing freehold apartments rose to 5,153 euros per square metre in H1 2022, marking an 8 percent increase over the previous year (H1 2021: 4,771 euros per square metre). Comparatively speaking, Cologne remains the lowest-priced of Germany’s “Top 7” cities. With average asking prices of 6,817 euros per square metre, the city centre ranks among the most sought-after and expensive addresses for freehold apartments, followed by the districts of Rodenkirchen and Lindenthal with average asking prices of between 5,279 and 5,607 euros per square metre. Premium properties in very good locations can reach top prices of up to 20,000 euros per square metre.

The segment for newly constructed freehold apartments saw an even sharper price rise – to an average of 7,037 euros per square metre in the first half of 2022, marking an 11.4 percent increase over the previous year (H1 2021: 6,317 euros per square metre). “We’re seeing a strong demand for new builds that are particularly well insulated and energy-efficient. These have become more important criteria for buyers, in light of the upcoming winter and uncertainty surrounding the gas supply. However, increased construction costs, labour shortages and global supply chain problems have meant that there have been delays in the completion of many new buildings. The availability of such properties on the market is hardly increasing at all as a result, and prices are levelling out,” says Christian Sprave.

Detached and semi-detached properties: Moderate price rises in H1 2022

Prospective buyers are also focusing their attention on features such as insulation, a fireplace and a high energy classification in the segment of detached and semi-detached houses. In the first half of 2022, the average asking price for detached and semi-detached houses in Cologne was 710,000 euros. This represents an increase of more than 9 percent compared to the previous year. As in the segment for freehold apartments, the districts of Lindenthal and Rodenkirchen, along with the city centre, were also the most expensive districts for detached and semi-detached houses: Here, the average asking prices ranged between 785,000 and approx. 1 million euros. Particularly exclusive residences in very good locations are currently on sale for asking prices of 1.75 to 7.5 million euros. “We are currently noticing a somewhat greater reluctance to buy, but assume that things will naturally settle back down to normal in the medium term. Real estate serves as a safe investment particularly in times of crisis. Not only as a long-term financial asset, but as a place to retreat with emotional returns too,” says Christian Sprave.

As was the case for city locations, market activity in the immediate surrounding region also remained stable in the first six months of 2022, buoyed by an ongoing desire among people to move to the countryside. Nevertheless, prices in these surrounding areas still remain below that of Cologne’s city locations. The highest prices were in Rösrath in the Rheinisch-Bergisch district, with average asking prices of 679,000 euros, followed by Pulheim and Bergisch Gladbach at approx. 630,000 euros.

Outlook: Prices expected to flatline in all locations

The experts at Engel & Völkers are anticipating a flatlining of prices in all Cologne locations for the remainder of the year. The month of June saw a slight drop in asking prices for freehold apartments in Cologne for the first time in years, due to the rise in interest rates. There could therefore be further moderate price corrections, especially in simple and average locations. “Many people acquired homes at top interest rates a few years ago and now have to budget more for follow-up loans. That said, the current interest rate is still relatively low when compared historically, meaning that seriously interested buyers now have opportunities to acquire properties that were more difficult to obtain in recent years due to the sheer number of buyer offers being made,” says Christian Sprave, summing up: “The current market climate is a special one, and long-term forecasts are difficult. Professional advice is therefore highly recommended to both sellers and buyers; it is absolutely necessary to be able to assess the current situation correctly.”

Other trends relating to purchase power and property prices in German cities can be found (in German) in the “Engel & Völkers Market Report for Residential Property in Germany 2020/21”.

Sources: Asking prices: VALUE Marktdatenbank, Gutachterausschuss Köln

Charming old villa on park-like property in Rondorf

Built in 1920, this old villa in Cologne Rondorf impresses with its classic architecture and is for sale for 2.3 million euros. The former rectory extends over a plot of around 1,523 square meters and offers plenty of privacy and space to relax. The 321 square meters of living space with eight rooms reflects the representative residential character of the property. A special highlight is the spacious park-like garden. (Image source: Engel & Völkers Köln-Rodenkirchen)

Modern old-building apartment in the Belgian Quarter

This bright two-room apartment with its own terrace is located in a listed former backyard-building from 1900 and is marketed by Engel & Völkers for 520,000 euros. In 2013, the property was extensively renovated using high-quality materials. Thanks to solid wood parquet flooring, listed wooden windows and an open kitchen-living area, modern design and old building charm are cleverly combined. (Image source: Engel & Völkers Köln City)

copyright: Image source: Engel & Völkers Köln City

/by
, ,

Cologne property market: Prices level out at a high

Cologne property market: Prices level out at a high

  • Average asking prices of 1 million euros in Lindenthal
  • Cologne most favourably priced city in “Top 7” national comparison
  • Energy-efficient new buildings in particularly high demand

Hamburg, 18 August 2022. With a population of more than one million, Cologne is one of the largest cities in Germany – after Berlin, Hamburg and Munich. The cathedral city on the River Rhine is one of the most sought-after residential locations in the Federal Republic, thanks to the high quality of life it offers, and its importance as a centre of business, research and education. “In spite of interest rate increases and inflation, the level of demand for property in the city and the surrounding region is constant,” says Christian Sprave, Managing Director of Engel & Völkers Cologne, adding: “Real estate remains a crisis-proof investment with high value retention. There is also a lack of attractive and reliable investment alternatives. Energy-efficient new buildings in Cologne’s city centre are in especially high demand at the moment.”

Freehold apartments: City centre is most expensive and desirable location

Average asking prices for existing freehold apartments rose to 5,153 euros per square metre in H1 2022, marking an 8 percent increase over the previous year (H1 2021: 4,771 euros per square metre). Comparatively speaking, Cologne remains the lowest-priced of Germany’s “Top 7” cities. With average asking prices of 6,817 euros per square metre, the city centre ranks among the most sought-after and expensive addresses for freehold apartments, followed by the districts of Rodenkirchen and Lindenthal with average asking prices of between 5,279 and 5,607 euros per square metre. Premium properties in very good locations can reach top prices of up to 20,000 euros per square metre.

The segment for newly constructed freehold apartments saw an even sharper price rise – to an average of 7,037 euros per square metre in the first half of 2022, marking an 11.4 percent increase over the previous year (H1 2021: 6,317 euros per square metre). “We’re seeing a strong demand for new builds that are particularly well insulated and energy-efficient. These have become more important criteria for buyers, in light of the upcoming winter and uncertainty surrounding the gas supply. However, increased construction costs, labour shortages and global supply chain problems have meant that there have been delays in the completion of many new buildings. The availability of such properties on the market is hardly increasing at all as a result, and prices are levelling out,” says Christian Sprave.

Detached and semi-detached properties: Moderate price rises in H1 2022

Prospective buyers are also focusing their attention on features such as insulation, a fireplace and a high energy classification in the segment of detached and semi-detached houses. In the first half of 2022, the average asking price for detached and semi-detached houses in Cologne was 710,000 euros. This represents an increase of more than 9 percent compared to the previous year. As in the segment for freehold apartments, the districts of Lindenthal and Rodenkirchen, along with the city centre, were also the most expensive districts for detached and semi-detached houses: Here, the average asking prices ranged between 785,000 and approx. 1 million euros. Particularly exclusive residences in very good locations are currently on sale for asking prices of 1.75 to 7.5 million euros. “We are currently noticing a somewhat greater reluctance to buy, but assume that things will naturally settle back down to normal in the medium term. Real estate serves as a safe investment particularly in times of crisis. Not only as a long-term financial asset, but as a place to retreat with emotional returns too,” says Christian Sprave.

As was the case for city locations, market activity in the immediate surrounding region also remained stable in the first six months of 2022, buoyed by an ongoing desire among people to move to the countryside. Nevertheless, prices in these surrounding areas still remain below that of Cologne’s city locations. The highest prices were in Rösrath in the Rheinisch-Bergisch district, with average asking prices of 679,000 euros, followed by Pulheim and Bergisch Gladbach at approx. 630,000 euros.

Outlook: Prices expected to flatline in all locations

The experts at Engel & Völkers are anticipating a flatlining of prices in all Cologne locations for the remainder of the year. The month of June saw a slight drop in asking prices for freehold apartments in Cologne for the first time in years, due to the rise in interest rates. There could therefore be further moderate price corrections, especially in simple and average locations. “Many people acquired homes at top interest rates a few years ago and now have to budget more for follow-up loans. That said, the current interest rate is still relatively low when compared historically, meaning that seriously interested buyers now have opportunities to acquire properties that were more difficult to obtain in recent years due to the sheer number of buyer offers being made,” says Christian Sprave, summing up: “The current market climate is a special one, and long-term forecasts are difficult. Professional advice is therefore highly recommended to both sellers and buyers; it is absolutely necessary to be able to assess the current situation correctly.”

Other trends relating to purchase power and property prices in German cities can be found (in German) in the “Engel & Völkers Market Report for Residential Property in Germany 2020/21”.

Sources: Asking prices: VALUE Marktdatenbank, Gutachterausschuss Köln

Charming old villa on park-like property in Rondorf

Built in 1920, this old villa in Cologne Rondorf impresses with its classic architecture and is for sale for 2.3 million euros. The former rectory extends over a plot of around 1,523 square meters and offers plenty of privacy and space to relax. The 321 square meters of living space with eight rooms reflects the representative residential character of the property. A special highlight is the spacious park-like garden. (Image source: Engel & Völkers Köln-Rodenkirchen)

Modern old-building apartment in the Belgian Quarter

This bright two-room apartment with its own terrace is located in a listed former backyard-building from 1900 and is marketed by Engel & Völkers for 520,000 euros. In 2013, the property was extensively renovated using high-quality materials. Thanks to solid wood parquet flooring, listed wooden windows and an open kitchen-living area, modern design and old building charm are cleverly combined. (Image source: Engel & Völkers Köln City)

copyright: Image source: Engel & Völkers Köln City

/by
, ,

Cologne property market: Prices level out at a high

Cologne property market: Prices level out at a high

  • Average asking prices of 1 million euros in Lindenthal
  • Cologne most favourably priced city in “Top 7” national comparison
  • Energy-efficient new buildings in particularly high demand

Hamburg, 18 August 2022. With a population of more than one million, Cologne is one of the largest cities in Germany – after Berlin, Hamburg and Munich. The cathedral city on the River Rhine is one of the most sought-after residential locations in the Federal Republic, thanks to the high quality of life it offers, and its importance as a centre of business, research and education. “In spite of interest rate increases and inflation, the level of demand for property in the city and the surrounding region is constant,” says Christian Sprave, Managing Director of Engel & Völkers Cologne, adding: “Real estate remains a crisis-proof investment with high value retention. There is also a lack of attractive and reliable investment alternatives. Energy-efficient new buildings in Cologne’s city centre are in especially high demand at the moment.”

Freehold apartments: City centre is most expensive and desirable location

Average asking prices for existing freehold apartments rose to 5,153 euros per square metre in H1 2022, marking an 8 percent increase over the previous year (H1 2021: 4,771 euros per square metre). Comparatively speaking, Cologne remains the lowest-priced of Germany’s “Top 7” cities. With average asking prices of 6,817 euros per square metre, the city centre ranks among the most sought-after and expensive addresses for freehold apartments, followed by the districts of Rodenkirchen and Lindenthal with average asking prices of between 5,279 and 5,607 euros per square metre. Premium properties in very good locations can reach top prices of up to 20,000 euros per square metre.

The segment for newly constructed freehold apartments saw an even sharper price rise – to an average of 7,037 euros per square metre in the first half of 2022, marking an 11.4 percent increase over the previous year (H1 2021: 6,317 euros per square metre). “We’re seeing a strong demand for new builds that are particularly well insulated and energy-efficient. These have become more important criteria for buyers, in light of the upcoming winter and uncertainty surrounding the gas supply. However, increased construction costs, labour shortages and global supply chain problems have meant that there have been delays in the completion of many new buildings. The availability of such properties on the market is hardly increasing at all as a result, and prices are levelling out,” says Christian Sprave.

Detached and semi-detached properties: Moderate price rises in H1 2022

Prospective buyers are also focusing their attention on features such as insulation, a fireplace and a high energy classification in the segment of detached and semi-detached houses. In the first half of 2022, the average asking price for detached and semi-detached houses in Cologne was 710,000 euros. This represents an increase of more than 9 percent compared to the previous year. As in the segment for freehold apartments, the districts of Lindenthal and Rodenkirchen, along with the city centre, were also the most expensive districts for detached and semi-detached houses: Here, the average asking prices ranged between 785,000 and approx. 1 million euros. Particularly exclusive residences in very good locations are currently on sale for asking prices of 1.75 to 7.5 million euros. “We are currently noticing a somewhat greater reluctance to buy, but assume that things will naturally settle back down to normal in the medium term. Real estate serves as a safe investment particularly in times of crisis. Not only as a long-term financial asset, but as a place to retreat with emotional returns too,” says Christian Sprave.

As was the case for city locations, market activity in the immediate surrounding region also remained stable in the first six months of 2022, buoyed by an ongoing desire among people to move to the countryside. Nevertheless, prices in these surrounding areas still remain below that of Cologne’s city locations. The highest prices were in Rösrath in the Rheinisch-Bergisch district, with average asking prices of 679,000 euros, followed by Pulheim and Bergisch Gladbach at approx. 630,000 euros.

Outlook: Prices expected to flatline in all locations

The experts at Engel & Völkers are anticipating a flatlining of prices in all Cologne locations for the remainder of the year. The month of June saw a slight drop in asking prices for freehold apartments in Cologne for the first time in years, due to the rise in interest rates. There could therefore be further moderate price corrections, especially in simple and average locations. “Many people acquired homes at top interest rates a few years ago and now have to budget more for follow-up loans. That said, the current interest rate is still relatively low when compared historically, meaning that seriously interested buyers now have opportunities to acquire properties that were more difficult to obtain in recent years due to the sheer number of buyer offers being made,” says Christian Sprave, summing up: “The current market climate is a special one, and long-term forecasts are difficult. Professional advice is therefore highly recommended to both sellers and buyers; it is absolutely necessary to be able to assess the current situation correctly.”

Other trends relating to purchase power and property prices in German cities can be found (in German) in the “Engel & Völkers Market Report for Residential Property in Germany 2020/21”.

Sources: Asking prices: VALUE Marktdatenbank, Gutachterausschuss Köln

Charming old villa on park-like property in Rondorf

Built in 1920, this old villa in Cologne Rondorf impresses with its classic architecture and is for sale for 2.3 million euros. The former rectory extends over a plot of around 1,523 square meters and offers plenty of privacy and space to relax. The 321 square meters of living space with eight rooms reflects the representative residential character of the property. A special highlight is the spacious park-like garden. (Image source: Engel & Völkers Köln-Rodenkirchen)

Modern old-building apartment in the Belgian Quarter

This bright two-room apartment with its own terrace is located in a listed former backyard-building from 1900 and is marketed by Engel & Völkers for 520,000 euros. In 2013, the property was extensively renovated using high-quality materials. Thanks to solid wood parquet flooring, listed wooden windows and an open kitchen-living area, modern design and old building charm are cleverly combined. (Image source: Engel & Völkers Köln City)

copyright: Image source: Engel & Völkers Köln City

/by
, ,

Engel & Völkers Porto Cervo – Costa Smeralda: International demand for luxury holiday properties on Sardinia’s exclusive north east coast

Costa Smeralda: International demand for luxury holiday properties on Sardinia’s exclusive north east coast

  • Discretion and exclusivity have currency on the real estate marketa
  • Buyers focusing especially on sprawling country estates
  • Premium properties south of Costa Smeralda increasingly sought after

Hamburg, 15 August 2022. The Costa Smeralda on the northeast coast of Sardinia is one of the most sought-after and most exclusive markets for holiday properties in the world. It also remains one of the most discreet markets though. This strip of coastline, which owes its name to the unique emerald green of its waters, stretches for some 20 kilometres – with fine sandy beaches, picturesque rocky bays and unique Mediterranean architecture. Ever since the 1960s, it has been one of Europe’s finest addresses for first-class restaurants, exclusive shopping and luxury second homes. “Demand for real estate has risen sharply in the wake of the pandemic and, alongside top premium villas with sea views, buyer interest is increasingly shifting to large country estates with sprawling plots of land that offer a peaceful and secluded retreat,” says Daniela Ciboddo, Licence Partner of Engel & Völkers Porto Cervo, who continues: “At the same time, buyers are also increasingly tapping into the regions south of Costa Smeralda.”

Discrete and exclusive property market in strong demand

The special status of the Costa Smeralda as a luxury retreat for extremely affluent and sometimes prominent clients means that discretion and exclusivity are centrally important tenets of the property market here. “Many properties are not advertised in the public domain and usually brokered while observing strict confidence. In some cases, exceptional properties can command sales prices in excess of 200 million euros,” says Daniela Ciboddo.

One of the most sought-after locations on the Costa Smeralda is the upmarket port town of Porto Cervo, which is home to one of the highest priced marinas in the world. Since being founded by Prince Karim Aga Khan in 1962, it has evolved into a hotspot for both famous personalities and the international jet set. There is a typically Italian piazzetta at the centre of the town, with a number of luxury hotels, as well as designer shops, upmarket cafés and restaurants. Desirable apartments here are currently on the market for up to 2 million euros. In the hills around the town, there are also extensive plots of land with magnificent estates that command asking prices of up to 18 million euros.

Coastal locations south of Porto Cervo are also highly sought after, including the bays of Cala di Volpe and Romazzino, which boast idyllic beaches blessed with turquoise waters. In the Bay of Romazzino, exclusive villas can be purchased for figures greater than 200 million euros. In Cala di Volpe – renowned internationally for its immaculate golf courses – luxury villas and estates with panoramic views of the coastline and surrounding islands are also in high demand. Asking prices for properties of this kind can reach as much as 18 million euros.

Interest in properties in the port town of Porto Rotondo is also strong. The town has a curved harbourfront that can accommodate up to 800 yachts, as well as picturesque beaches with crystal-clear water and beautiful bays such as “Cala Ira” and “Cala Sabina”. Luxury boutiques and restaurants also give the town a glamorous charm. Some of the exclusive villas here have been owned by famous individuals and command prices of up to 40 million euros.

To the north of the Costa Smeralda, Porto Rafael is a particular favourite with island insiders and celebrities. Compared to Porto Cervo, the place is less touristy and offers numerous quiet retreats. Here you will find large plots in secluded locations with far-reaching views of the entire coastline all the way to Corsica. Luxury villas are offered here for prices of up to 15 million euros.

International clientele looking for secluded estates in premium locations

A high proportion of real estate transactions on the Costa Smeralda can be attributed to buyer groups from abroad. Around 38 percent of buyers come from Germany, Austria and Switzerland, around 10 percent from Great Britain, 5 percent each from the USA, Australia and the United Arab Emirates, and 2 percent from other countries. 35 percent of real estate purchases are made by Italian buyers. The majority of these clients are between 40 and 70 years old and looking for a second home for their families with children.

“Restrictions that came about with the pandemic really brought to the fore what the Costa Smeralda has always offered and what people suddenly craved even more: rugged, unspoiled nature and exclusive, quaint towns and villages filled with a sense of security and freedom,” says Daniela Ciboddo. “In addition to properties for owner-occupation, older villas and estates in premium locations such as the hills of Cala di Volpe and Porto Rafael are particularly sought-after investment properties, which are often extensively renovated and either resold or rented out.”

Outlook: Continuing high demand and increasing interest in regions south of Costa Smeralda

“Demand – especially for properties in the premium segment – has remained consistently high on the Costa Smeralda since its inception in the 1960s. The real estate market here remains largely unaffected by political or economic crises and represents a particularly safe haven for real estate investments,” sums up Daniela Ciboddo, adding: “We therefore expect demand to remain at a high level. We are also now beginning to see interest in properties in the previously less sought-after regions south of Costa Smeralda, such as Puntaldia, Capo Coda Cavallo, and Punta Molara.”

Please be sure to include copyright notices when using any of the images.

Rare and prestigious waterfront property in Porto Cervo
This luxurious villa in the direct sea line in Porto Cervo is currently being marketed by Engel & Völkers for 26.5 million euros. It has a total living area of 350 square metres with five bedrooms and seven bathrooms. The property is located on a 2,000 square metre plot with several terraces, a swimming pool, a Jacuzzi as well as private beach access. In addition, the property has a panoramic view of the emerald green water and the surrounding bay.

Majestic contemporary mansion in Porto Cervo
This exclusive modern villa, which Engel & Völkers is currently marketing, is located in a premium location in Porto Cervo. Six bedrooms and eight bathrooms are distributed over a living area of 1,200 square metres. The upscale features include a fitness room, a swimming pool, a whirlpool, a massage room and rooms for staff. The unique wide view of the Pevero Bay and the private secluded location complete the offer. Price on request.

Villa with views over Cala di Volpe Bay
Engel & Völkers is currently marketing this luxurious designer villa in Cala di Volpe. The property has 340 square metres of living space with six bedrooms and six bathrooms. The outdoor area extends over a 2,000 square metre lush in-grown garden with several terraces and an infinity pool. The open-plan concept with flowing transition between the indoor and outdoor areas provides a wide direct panoramic view over Cala di Volpe Bay from almost all rooms. Price on request.

Image source: (Engel & Völkers Porto Cervo)

/by
, ,

Engel & Völkers Costa Smeralda: International demand for luxury holiday properties on Sardinia’s exclusive north east coast

Costa Smeralda: International demand for luxury holiday properties on Sardinia’s exclusive north east coast

  • Discretion and exclusivity have currency on the real estate market
  • Buyers focusing especially on sprawling country estates
  • Premium properties south of Costa Smeralda increasingly sought after

Hamburg, 15 August 2022. The Costa Smeralda on the northeast coast of Sardinia is one of the most sought-after and most exclusive markets for holiday properties in the world. It also remains one of the most discreet markets though. This strip of coastline, which owes its name to the unique emerald green of its waters, stretches for some 20 kilometres – with fine sandy beaches, picturesque rocky bays and unique Mediterranean architecture. Ever since the 1960s, it has been one of Europe’s finest addresses for first-class restaurants, exclusive shopping and luxury second homes. “Demand for real estate has risen sharply in the wake of the pandemic and, alongside top premium villas with sea views, buyer interest is increasingly shifting to large country estates with sprawling plots of land that offer a peaceful and secluded retreat,” says Daniela Ciboddo, Licence Partner of Engel & Völkers Porto Cervo, who continues: “At the same time, buyers are also increasingly tapping into the regions south of Costa Smeralda.”

Discrete and exclusive property market in strong demand

The special status of the Costa Smeralda as a luxury retreat for extremely affluent and sometimes prominent clients means that discretion and exclusivity are centrally important tenets of the property market here. “Many properties are not advertised in the public domain and usually brokered while observing strict confidence. In some cases, exceptional properties can command sales prices in excess of 200 million euros,” says Daniela Ciboddo.

One of the most sought-after locations on the Costa Smeralda is the upmarket port town of Porto Cervo, which is home to one of the highest priced marinas in the world. Since being founded by Prince Karim Aga Khan in 1962, it has evolved into a hotspot for both famous personalities and the international jet set. There is a typically Italian piazzetta at the centre of the town, with a number of luxury hotels, as well as designer shops, upmarket cafés and restaurants. Desirable apartments here are currently on the market for up to 2 million euros. In the hills around the town, there are also extensive plots of land with magnificent estates that command asking prices of up to 18 million euros.

Coastal locations south of Porto Cervo are also highly sought after, including the bays of Cala di Volpe and Romazzino, which boast idyllic beaches blessed with turquoise waters. In the Bay of Romazzino, exclusive villas can be purchased for figures greater than 200 million euros. In Cala di Volpe – renowned internationally for its immaculate golf courses – luxury villas and estates with panoramic views of the coastline and surrounding islands are also in high demand. Asking prices for properties of this kind can reach as much as 18 million euros.

Interest in properties in the port town of Porto Rotondo is also strong. The town has a curved harbourfront that can accommodate up to 800 yachts, as well as picturesque beaches with crystal-clear water and beautiful bays such as “Cala Ira” and “Cala Sabina”. Luxury boutiques and restaurants also give the town a glamorous charm. Some of the exclusive villas here have been owned by famous individuals and command prices of up to 40 million euros.

To the north of the Costa Smeralda, Porto Rafael is a particular favourite with island insiders and celebrities. Compared to Porto Cervo, the place is less touristy and offers numerous quiet retreats. Here you will find large plots in secluded locations with far-reaching views of the entire coastline all the way to Corsica. Luxury villas are offered here for prices of up to 15 million euros.

International clientele looking for secluded estates in premium locations

A high proportion of real estate transactions on the Costa Smeralda can be attributed to buyer groups from abroad. Around 38 percent of buyers come from Germany, Austria and Switzerland, around 10 percent from Great Britain, 5 percent each from the USA, Australia and the United Arab Emirates, and 2 percent from other countries. 35 percent of real estate purchases are made by Italian buyers. The majority of these clients are between 40 and 70 years old and looking for a second home for their families with children.

“Restrictions that came about with the pandemic really brought to the fore what the Costa Smeralda has always offered and what people suddenly craved even more: rugged, unspoiled nature and exclusive, quaint towns and villages filled with a sense of security and freedom,” says Daniela Ciboddo. “In addition to properties for owner-occupation, older villas and estates in premium locations such as the hills of Cala di Volpe and Porto Rafael are particularly sought-after investment properties, which are often extensively renovated and either resold or rented out.”

Outlook: Continuing high demand and increasing interest in regions south of Costa Smeralda

“Demand – especially for properties in the premium segment – has remained consistently high on the Costa Smeralda since its inception in the 1960s. The real estate market here remains largely unaffected by political or economic crises and represents a particularly safe haven for real estate investments,” sums up Daniela Ciboddo, adding: “We therefore expect demand to remain at a high level. We are also now beginning to see interest in properties in the previously less sought-after regions south of Costa Smeralda, such as Puntaldia, Capo Coda Cavallo, and Punta Molara.”

Please be sure to include copyright notices when using any of the images.

Rare and prestigious waterfront property in Porto Cervo
This luxurious villa in the direct sea line in Porto Cervo is currently being marketed by Engel & Völkers for 26.5 million euros. It has a total living area of 350 square metres with five bedrooms and seven bathrooms. The property is located on a 2,000 square metre plot with several terraces, a swimming pool, a Jacuzzi as well as private beach access. In addition, the property has a panoramic view of the emerald green water and the surrounding bay.

Majestic contemporary mansion in Porto Cervo
This exclusive modern villa, which Engel & Völkers is currently marketing, is located in a premium location in Porto Cervo. Six bedrooms and eight bathrooms are distributed over a living area of 1,200 square metres. The upscale features include a fitness room, a swimming pool, a whirlpool, a massage room and rooms for staff. The unique wide view of the Pevero Bay and the private secluded location complete the offer. Price on request.

Villa with views over Cala di Volpe Bay
Engel & Völkers is currently marketing this luxurious designer villa in Cala di Volpe. The property has 340 square metres of living space with six bedrooms and six bathrooms. The outdoor area extends over a 2,000 square metre lush in-grown garden with several terraces and an infinity pool. The open-plan concept with flowing transition between the indoor and outdoor areas provides a wide direct panoramic view over Cala di Volpe Bay from almost all rooms. Price on request.

Image source: (Engel & Völkers Porto Cervo)

 

/by
, ,

Engel & Völkers Porto Cervo – Costa Smeralda: International demand for luxury holiday properties on Sardinia’s exclusive north east coast

Costa Smeralda: International demand for luxury holiday properties on Sardinia’s exclusive north east coast

  • Discretion and exclusivity have currency on the real estate market
  • Buyers focusing especially on sprawling country estates
  • Premium properties south of Costa Smeralda increasingly sought after

Hamburg, 15 August 2022. The Costa Smeralda on the northeast coast of Sardinia is one of the most sought-after and most exclusive markets for holiday properties in the world. It also remains one of the most discreet markets though. This strip of coastline, which owes its name to the unique emerald green of its waters, stretches for some 20 kilometres – with fine sandy beaches, picturesque rocky bays and unique Mediterranean architecture. Ever since the 1960s, it has been one of Europe’s finest addresses for first-class restaurants, exclusive shopping and luxury second homes. “Demand for real estate has risen sharply in the wake of the pandemic and, alongside top premium villas with sea views, buyer interest is increasingly shifting to large country estates with sprawling plots of land that offer a peaceful and secluded retreat,” says Daniela Ciboddo, Licence Partner of Engel & Völkers Porto Cervo, who continues: “At the same time, buyers are also increasingly tapping into the regions south of Costa Smeralda.”

Discrete and exclusive property market in strong demand

The special status of the Costa Smeralda as a luxury retreat for extremely affluent and sometimes prominent clients means that discretion and exclusivity are centrally important tenets of the property market here. “Many properties are not advertised in the public domain and usually brokered while observing strict confidence. In some cases, exceptional properties can command sales prices in excess of 200 million euros,” says Daniela Ciboddo.

One of the most sought-after locations on the Costa Smeralda is the upmarket port town of Porto Cervo, which is home to one of the highest priced marinas in the world. Since being founded by Prince Karim Aga Khan in 1962, it has evolved into a hotspot for both famous personalities and the international jet set. There is a typically Italian piazzetta at the centre of the town, with a number of luxury hotels, as well as designer shops, upmarket cafés and restaurants. Desirable apartments here are currently on the market for up to 2 million euros. In the hills around the town, there are also extensive plots of land with magnificent estates that command asking prices of up to 18 million euros.

Coastal locations south of Porto Cervo are also highly sought after, including the bays of Cala di Volpe and Romazzino, which boast idyllic beaches blessed with turquoise waters. In the Bay of Romazzino, exclusive villas can be purchased for figures greater than 200 million euros. In Cala di Volpe – renowned internationally for its immaculate golf courses – luxury villas and estates with panoramic views of the coastline and surrounding islands are also in high demand. Asking prices for properties of this kind can reach as much as 18 million euros.

Interest in properties in the port town of Porto Rotondo is also strong. The town has a curved harbourfront that can accommodate up to 800 yachts, as well as picturesque beaches with crystal-clear water and beautiful bays such as “Cala Ira” and “Cala Sabina”. Luxury boutiques and restaurants also give the town a glamorous charm. Some of the exclusive villas here have been owned by famous individuals and command prices of up to 40 million euros.

To the north of the Costa Smeralda, Porto Rafael is a particular favourite with island insiders and celebrities. Compared to Porto Cervo, the place is less touristy and offers numerous quiet retreats. Here you will find large plots in secluded locations with far-reaching views of the entire coastline all the way to Corsica. Luxury villas are offered here for prices of up to 15 million euros.

International clientele looking for secluded estates in premium locations

A high proportion of real estate transactions on the Costa Smeralda can be attributed to buyer groups from abroad. Around 38 percent of buyers come from Germany, Austria and Switzerland, around 10 percent from Great Britain, 5 percent each from the USA, Australia and the United Arab Emirates, and 2 percent from other countries. 35 percent of real estate purchases are made by Italian buyers. The majority of these clients are between 40 and 70 years old and looking for a second home for their families with children.

“Restrictions that came about with the pandemic really brought to the fore what the Costa Smeralda has always offered and what people suddenly craved even more: rugged, unspoiled nature and exclusive, quaint towns and villages filled with a sense of security and freedom,” says Daniela Ciboddo. “In addition to properties for owner-occupation, older villas and estates in premium locations such as the hills of Cala di Volpe and Porto Rafael are particularly sought-after investment properties, which are often extensively renovated and either resold or rented out.”

Outlook: Continuing high demand and increasing interest in regions south of Costa Smeralda

“Demand – especially for properties in the premium segment – has remained consistently high on the Costa Smeralda since its inception in the 1960s. The real estate market here remains largely unaffected by political or economic crises and represents a particularly safe haven for real estate investments,” sums up Daniela Ciboddo, adding: “We therefore expect demand to remain at a high level. We are also now beginning to see interest in properties in the previously less sought-after regions south of Costa Smeralda, such as Puntaldia, Capo Coda Cavallo, and Punta Molara.”

Please be sure to include copyright notices when using any of the images.

Rare and prestigious waterfront property in Porto Cervo
This luxurious villa in the direct sea line in Porto Cervo is currently being marketed by Engel & Völkers for 26.5 million euros. It has a total living area of 350 square metres with five bedrooms and seven bathrooms. The property is located on a 2,000 square metre plot with several terraces, a swimming pool, a Jacuzzi as well as private beach access. In addition, the property has a panoramic view of the emerald green water and the surrounding bay.

Majestic contemporary mansion in Porto Cervo
This exclusive modern villa, which Engel & Völkers is currently marketing, is located in a premium location in Porto Cervo. Six bedrooms and eight bathrooms are distributed over a living area of 1,200 square metres. The upscale features include a fitness room, a swimming pool, a whirlpool, a massage room and rooms for staff. The unique wide view of the Pevero Bay and the private secluded location complete the offer. Price on request.

Villa with views over Cala di Volpe Bay
Engel & Völkers is currently marketing this luxurious designer villa in Cala di Volpe. The property has 340 square metres of living space with six bedrooms and six bathrooms. The outdoor area extends over a 2,000 square metre lush in-grown garden with several terraces and an infinity pool. The open-plan concept with flowing transition between the indoor and outdoor areas provides a wide direct panoramic view over Cala di Volpe Bay from almost all rooms. Price on request.

Image source: (Engel & Völkers Porto Cervo)

/by
, , ,

Engel & Völkers Porto Cervo – Costa Smeralda: International demand for luxury holiday properties on Sardinia’s exclusive north east coast

Costa Smeralda: International demand for luxury holiday properties on Sardinia’s exclusive north east coast

  • Discretion and exclusivity have currency on the real estate market
  • Buyers focusing especially on sprawling country estates
  • Premium properties south of Costa Smeralda increasingly sought after

Hamburg, 15 August 2022. The Costa Smeralda on the northeast coast of Sardinia is one of the most sought-after and most exclusive markets for holiday properties in the world. It also remains one of the most discreet markets though. This strip of coastline, which owes its name to the unique emerald green of its waters, stretches for some 20 kilometres – with fine sandy beaches, picturesque rocky bays and unique Mediterranean architecture. Ever since the 1960s, it has been one of Europe’s finest addresses for first-class restaurants, exclusive shopping and luxury second homes. “Demand for real estate has risen sharply in the wake of the pandemic and, alongside top premium villas with sea views, buyer interest is increasingly shifting to large country estates with sprawling plots of land that offer a peaceful and secluded retreat,” says Daniela Ciboddo, Licence Partner of Engel & Völkers Porto Cervo, who continues: “At the same time, buyers are also increasingly tapping into the regions south of Costa Smeralda.”

Discrete and exclusive property market in strong demand

The special status of the Costa Smeralda as a luxury retreat for extremely affluent and sometimes prominent clients means that discretion and exclusivity are centrally important tenets of the property market here. “Many properties are not advertised in the public domain and usually brokered while observing strict confidence. In some cases, exceptional properties can command sales prices in excess of 200 million euros,” says Daniela Ciboddo.

One of the most sought-after locations on the Costa Smeralda is the upmarket port town of Porto Cervo, which is home to one of the highest priced marinas in the world. Since being founded by Prince Karim Aga Khan in 1962, it has evolved into a hotspot for both famous personalities and the international jet set. There is a typically Italian piazzetta at the centre of the town, with a number of luxury hotels, as well as designer shops, upmarket cafés and restaurants. Desirable apartments here are currently on the market for up to 2 million euros. In the hills around the town, there are also extensive plots of land with magnificent estates that command asking prices of up to 18 million euros.

Coastal locations south of Porto Cervo are also highly sought after, including the bays of Cala di Volpe and Romazzino, which boast idyllic beaches blessed with turquoise waters. In the Bay of Romazzino, exclusive villas can be purchased for figures greater than 200 million euros. In Cala di Volpe – renowned internationally for its immaculate golf courses – luxury villas and estates with panoramic views of the coastline and surrounding islands are also in high demand. Asking prices for properties of this kind can reach as much as 18 million euros.

Interest in properties in the port town of Porto Rotondo is also strong. The town has a curved harbourfront that can accommodate up to 800 yachts, as well as picturesque beaches with crystal-clear water and beautiful bays such as “Cala Ira” and “Cala Sabina”. Luxury boutiques and restaurants also give the town a glamorous charm. Some of the exclusive villas here have been owned by famous individuals and command prices of up to 40 million euros.

To the north of the Costa Smeralda, Porto Rafael is a particular favourite with island insiders and celebrities. Compared to Porto Cervo, the place is less touristy and offers numerous quiet retreats. Here you will find large plots in secluded locations with far-reaching views of the entire coastline all the way to Corsica. Luxury villas are offered here for prices of up to 15 million euros.

International clientele looking for secluded estates in premium locations

A high proportion of real estate transactions on the Costa Smeralda can be attributed to buyer groups from abroad. Around 38 percent of buyers come from Germany, Austria and Switzerland, around 10 percent from Great Britain, 5 percent each from the USA, Australia and the United Arab Emirates, and 2 percent from other countries. 35 percent of real estate purchases are made by Italian buyers. The majority of these clients are between 40 and 70 years old and looking for a second home for their families with children.

“Restrictions that came about with the pandemic really brought to the fore what the Costa Smeralda has always offered and what people suddenly craved even more: rugged, unspoiled nature and exclusive, quaint towns and villages filled with a sense of security and freedom,” says Daniela Ciboddo. “In addition to properties for owner-occupation, older villas and estates in premium locations such as the hills of Cala di Volpe and Porto Rafael are particularly sought-after investment properties, which are often extensively renovated and either resold or rented out.”

Outlook: Continuing high demand and increasing interest in regions south of Costa Smeralda

“Demand – especially for properties in the premium segment – has remained consistently high on the Costa Smeralda since its inception in the 1960s. The real estate market here remains largely unaffected by political or economic crises and represents a particularly safe haven for real estate investments,” sums up Daniela Ciboddo, adding: “We therefore expect demand to remain at a high level. We are also now beginning to see interest in properties in the previously less sought-after regions south of Costa Smeralda, such as Puntaldia, Capo Coda Cavallo, and Punta Molara.”

Please be sure to include copyright notices when using any of the images.

Rare and prestigious waterfront property in Porto Cervo
This luxurious villa in the direct sea line in Porto Cervo is currently being marketed by Engel & Völkers for 26.5 million euros. It has a total living area of 350 square metres with five bedrooms and seven bathrooms. The property is located on a 2,000 square metre plot with several terraces, a swimming pool, a Jacuzzi as well as private beach access. In addition, the property has a panoramic view of the emerald green water and the surrounding bay.

Majestic contemporary mansion in Porto Cervo
This exclusive modern villa, which Engel & Völkers is currently marketing, is located in a premium location in Porto Cervo. Six bedrooms and eight bathrooms are distributed over a living area of 1,200 square metres. The upscale features include a fitness room, a swimming pool, a whirlpool, a massage room and rooms for staff. The unique wide view of the Pevero Bay and the private secluded location complete the offer. Price on request.

Villa with views over Cala di Volpe Bay
Engel & Völkers is currently marketing this luxurious designer villa in Cala di Volpe. The property has 340 square metres of living space with six bedrooms and six bathrooms. The outdoor area extends over a 2,000 square metre lush in-grown garden with several terraces and an infinity pool. The open-plan concept with flowing transition between the indoor and outdoor areas provides a wide direct panoramic view over Cala di Volpe Bay from almost all rooms. Price on request.

Image source: (Engel & Völkers Porto Cervo)

/by
, ,

Engel & Völkers Porto Cervo – Costa Smeralda: Demanda internacional de propiedades vacacionales de lujo en la exclusiva costa noreste de Cerdeña

Costa Smeralda: Demanda internacional de propiedades vacacionales de lujo en la exclusiva costa noreste de Cerdeña

  • La discreción y la exclusividad tienen moneda corriente en el mercado inmobiliario
  • Compradores que se centran especialmente en fincas de campo en expansión
  • Propiedades premium  al sur de Costa Smeralda cada vez más buscadas 

Hamburgo, 15 de agosto de 2022. La Costa Smeralda en la costa noreste de Cerdeña es uno de los mercados más buscados y más exclusivos para propiedades vacacionales en el mundo. Sin embargo, también sigue siendo uno de los mercados más discretos. Esta franja de costa, que debe su nombre al singular verde esmeralda de sus aguas, se extiende a lo largo de unos 20 kilómetros, con playas de arena fina, pintorescas bahías rocosas y una arquitectura mediterránea única. Desde la década de 1960, ha sido una de las mejores direcciones de Europa para restaurantes de primera clase, compras exclusivas y segundas residencias de lujo. “La demanda de bienes raíces ha aumentado considerablemente a raíz de la pandemia y, junto con las villas de primera calidad con vistas al mar, el interés de los compradores se está desplazando cada vez más hacia las grandes propiedades de campo con extensos terrenos que ofrecen un retiro tranquilo y aislado”, dice Daniela Ciboddo. ,

Mercado inmobiliario discreto y exclusivo con fuerte demanda

El estatus especial de Costa Smeralda como un retiro de lujo para clientes extremadamente ricos y, a veces, prominentes significa que la discreción y la exclusividad son principios fundamentales del mercado inmobiliario aquí. “Muchas propiedades no se anuncian en el dominio público y, por lo general, se negocian con estricta confidencialidad. En algunos casos, las propiedades excepcionales pueden alcanzar precios de venta superiores a los 200 millones de euros”, dice Daniela Ciboddo.

Uno de los lugares más solicitados de la Costa Esmeralda es la ciudad portuaria de lujo de  Porto Cervo , que alberga uno de los puertos deportivos más caros del mundo. Desde que fue fundado por el príncipe Karim Aga Khan en 1962, se ha convertido en un punto de acceso tanto para personalidades famosas como para la alta sociedad internacional. Hay una piazzetta típicamente italiana en el centro de la ciudad, con una serie de hoteles de lujo, así como tiendas de diseño, cafeterías y restaurantes de lujo. Apartamentos deseables aquí están actualmente en el mercado por hasta 2 millones de euros. En las colinas que rodean el pueblo también hay extensos terrenos con magníficas fincas que alcanzan precios de venta de hasta 18 millones de euros.

Los lugares costeros al sur de Porto Cervo también son muy buscados, incluidas las bahías de  Cala di Volpe  y  Romazzino , que cuentan con playas idílicas bendecidas con aguas turquesas. En la Bahía de Romazzino se pueden adquirir villas exclusivas por cifras superiores a los 200 millones de euros. En Cala di Volpe, reconocida internacionalmente por sus inmaculados campos de golf, las villas y fincas de lujo con vistas panorámicas de la costa y las islas circundantes también tienen una gran demanda. Los precios de venta de propiedades de este tipo pueden alcanzar los 18 millones de euros.

El interés en propiedades en la ciudad portuaria de  Porto Rotondo  también es fuerte. La ciudad tiene un puerto curvo que puede acomodar hasta 800 yates, así como pintorescas playas con aguas cristalinas y hermosas bahías como “Cala Ira” y “Cala Sabina”. Las boutiques de lujo y los restaurantes también le dan a la ciudad un encanto glamoroso. Algunas de las villas exclusivas aquí han sido propiedad de personas famosas y alcanzan precios de hasta 40 millones de euros.

Al norte de la Costa Esmeralda,  Porto Rafael  es un favorito particular entre los conocedores y las celebridades de la isla. En comparación con Porto Cervo, el lugar es menos turístico y ofrece numerosos retiros tranquilos. Aquí encontrará grandes parcelas en lugares apartados con vistas panorámicas de toda la costa hasta Córcega. Aquí se ofrecen villas de lujo por precios de hasta 15 millones de euros.

Clientela internacional que busca fincas aisladas en ubicaciones premium

Una alta proporción de las transacciones inmobiliarias en la Costa Smeralda se pueden atribuir a grupos de compradores del extranjero. Alrededor del 38 por ciento de los compradores provienen de Alemania, Austria y Suiza, alrededor del 10 por ciento de Gran Bretaña, el 5 por ciento de EE. UU., Australia y los Emiratos Árabes Unidos, y el 2 por ciento de otros países. El 35 por ciento de las compras de bienes raíces son realizadas por compradores italianos. La mayoría de estos clientes tienen entre 40 y 70 años y buscan una segunda vivienda para sus familias con niños.

“Las restricciones que surgieron con la pandemia realmente sacaron a la luz lo que la Costa Esmeralda siempre ha ofrecido y lo que la gente de repente ansiaba aún más: naturaleza agreste y virgen y pueblos y aldeas exclusivas y pintorescas llenas de una sensación de seguridad y libertad”, dice Daniela Cibodo. “Además de las propiedades para ocupación del propietario, las villas antiguas y las fincas en ubicaciones privilegiadas, como las colinas de Cala di Volpe y Porto Rafael, son propiedades de inversión particularmente buscadas, que a menudo se renuevan en profundidad y se revenden o alquilan”.

Perspectiva: alta demanda continua y creciente interés en las regiones al sur de la Costa Smeralda

“La demanda, especialmente de propiedades en el segmento premium, se ha mantenido constantemente alta en Costa Smeralda desde su creación en la década de 1960. El mercado inmobiliario aquí no se ve afectado en gran medida por las crisis políticas o económicas y representa un refugio particularmente seguro para las inversiones inmobiliarias”, resume Daniela Ciboddo, y agrega: “Por lo tanto, esperamos que la demanda se mantenga en un nivel alto. Ahora también estamos comenzando a ver interés en propiedades en las regiones menos buscadas al sur de Costa Smeralda, como Puntaldia, Capo Coda Cavallo y Punta Molara”.

Asegúrese de incluir avisos de derechos de autor cuando utilice cualquiera de las imágenes.

  

Propiedad excepcional y prestigiosa frente al mar en Porto Cervo
Esta lujosa villa en primera línea de mar en Porto Cervo está siendo comercializada actualmente por Engel & Völkers por 26,5 millones de euros. Tiene una superficie habitable total de 350 metros cuadrados con cinco dormitorios y siete baños. La propiedad se encuentra en una parcela de 2.000 metros cuadrados con varias terrazas, piscina, jacuzzi y acceso privado a la playa. Además, la propiedad tiene una vista panorámica del agua verde esmeralda y la bahía circundante.

Majestuosa mansión contemporánea en Porto Cervo
Esta exclusiva villa moderna, que Engel & Völkers comercializa actualmente, se encuentra en una ubicación privilegiada en Porto Cervo. Seis dormitorios y ocho baños se distribuyen en una superficie habitable de 1.200 metros cuadrados. Las características de lujo incluyen un gimnasio, una piscina, un jacuzzi, una sala de masajes y habitaciones para el personal. La amplia vista única de la Bahía de Pevero y la ubicación aislada y privada completan la oferta. Precio en demanda.

 

Villa con vistas a la bahía de Cala di Volpe
Engel & Völkers comercializa actualmente esta lujosa villa de diseño en Cala di Volpe. La propiedad tiene 340 metros cuadrados de espacio habitable con seis dormitorios y seis baños. La zona exterior se extiende sobre un exuberante jardín interior de 2.000 metros cuadrados con varias terrazas y una piscina infinita. El concepto de planta abierta con transición fluida entre las áreas interior y exterior ofrece una amplia vista panorámica directa sobre la bahía de Cala di Volpe desde casi todas las habitaciones. Precio en demanda.

Fuente de la imagen:  (Engel & Völkers Porto Cervo)

/by
, ,

Engel & Völkers Porto Cervo – Costa Smeralda: International demand for luxury holiday properties on Sardinia’s exclusive north east coast

Costa Smeralda: International demand for luxury holiday properties on Sardinia’s exclusive north east coast

  • Discretion and exclusivity have currency on the real estate market
  • Buyers focusing especially on sprawling country estates
  • Premium properties south of Costa Smeralda increasingly sought after

Hamburg, 15 August 2022. The Costa Smeralda on the northeast coast of Sardinia is one of the most sought-after and most exclusive markets for holiday properties in the world. It also remains one of the most discreet markets though. This strip of coastline, which owes its name to the unique emerald green of its waters, stretches for some 20 kilometres – with fine sandy beaches, picturesque rocky bays and unique Mediterranean architecture. Ever since the 1960s, it has been one of Europe’s finest addresses for first-class restaurants, exclusive shopping and luxury second homes. “Demand for real estate has risen sharply in the wake of the pandemic and, alongside top premium villas with sea views, buyer interest is increasingly shifting to large country estates with sprawling plots of land that offer a peaceful and secluded retreat,” says Daniela Ciboddo, Licence Partner of Engel & Völkers Porto Cervo, who continues: “At the same time, buyers are also increasingly tapping into the regions south of Costa Smeralda.”

Discrete and exclusive property market in strong demand

The special status of the Costa Smeralda as a luxury retreat for extremely affluent and sometimes prominent clients means that discretion and exclusivity are centrally important tenets of the property market here. “Many properties are not advertised in the public domain and usually brokered while observing strict confidence. In some cases, exceptional properties can command sales prices in excess of 200 million euros,” says Daniela Ciboddo.

One of the most sought-after locations on the Costa Smeralda is the upmarket port town of Porto Cervo, which is home to one of the highest priced marinas in the world. Since being founded by Prince Karim Aga Khan in 1962, it has evolved into a hotspot for both famous personalities and the international jet set. There is a typically Italian piazzetta at the centre of the town, with a number of luxury hotels, as well as designer shops, upmarket cafés and restaurants. Desirable apartments here are currently on the market for up to 2 million euros. In the hills around the town, there are also extensive plots of land with magnificent estates that command asking prices of up to 18 million euros.

Coastal locations south of Porto Cervo are also highly sought after, including the bays of Cala di Volpe and Romazzino, which boast idyllic beaches blessed with turquoise waters. In the Bay of Romazzino, exclusive villas can be purchased for figures greater than 200 million euros. In Cala di Volpe – renowned internationally for its immaculate golf courses – luxury villas and estates with panoramic views of the coastline and surrounding islands are also in high demand. Asking prices for properties of this kind can reach as much as 18 million euros.

Interest in properties in the port town of Porto Rotondo is also strong. The town has a curved harbourfront that can accommodate up to 800 yachts, as well as picturesque beaches with crystal-clear water and beautiful bays such as “Cala Ira” and “Cala Sabina”. Luxury boutiques and restaurants also give the town a glamorous charm. Some of the exclusive villas here have been owned by famous individuals and command prices of up to 40 million euros.

To the north of the Costa Smeralda, Porto Rafael is a particular favourite with island insiders and celebrities. Compared to Porto Cervo, the place is less touristy and offers numerous quiet retreats. Here you will find large plots in secluded locations with far-reaching views of the entire coastline all the way to Corsica. Luxury villas are offered here for prices of up to 15 million euros.

International clientele looking for secluded estates in premium locations

A high proportion of real estate transactions on the Costa Smeralda can be attributed to buyer groups from abroad. Around 38 percent of buyers come from Germany, Austria and Switzerland, around 10 percent from Great Britain, 5 percent each from the USA, Australia and the United Arab Emirates, and 2 percent from other countries. 35 percent of real estate purchases are made by Italian buyers. The majority of these clients are between 40 and 70 years old and looking for a second home for their families with children.

“Restrictions that came about with the pandemic really brought to the fore what the Costa Smeralda has always offered and what people suddenly craved even more: rugged, unspoiled nature and exclusive, quaint towns and villages filled with a sense of security and freedom,” says Daniela Ciboddo. “In addition to properties for owner-occupation, older villas and estates in premium locations such as the hills of Cala di Volpe and Porto Rafael are particularly sought-after investment properties, which are often extensively renovated and either resold or rented out.”

Outlook: Continuing high demand and increasing interest in regions south of Costa Smeralda

“Demand – especially for properties in the premium segment – has remained consistently high on the Costa Smeralda since its inception in the 1960s. The real estate market here remains largely unaffected by political or economic crises and represents a particularly safe haven for real estate investments,” sums up Daniela Ciboddo, adding: “We therefore expect demand to remain at a high level. We are also now beginning to see interest in properties in the previously less sought-after regions south of Costa Smeralda, such as Puntaldia, Capo Coda Cavallo, and Punta Molara.”

Please be sure to include copyright notices when using any of the images.

Rare and prestigious waterfront property in Porto Cervo
This luxurious villa in the direct sea line in Porto Cervo is currently being marketed by Engel & Völkers for 26.5 million euros. It has a total living area of 350 square metres with five bedrooms and seven bathrooms. The property is located on a 2,000 square metre plot with several terraces, a swimming pool, a Jacuzzi as well as private beach access. In addition, the property has a panoramic view of the emerald green water and the surrounding bay.

Majestic contemporary mansion in Porto Cervo
This exclusive modern villa, which Engel & Völkers is currently marketing, is located in a premium location in Porto Cervo. Six bedrooms and eight bathrooms are distributed over a living area of 1,200 square metres. The upscale features include a fitness room, a swimming pool, a whirlpool, a massage room and rooms for staff. The unique wide view of the Pevero Bay and the private secluded location complete the offer. Price on request.

Villa with views over Cala di Volpe Bay
Engel & Völkers is currently marketing this luxurious designer villa in Cala di Volpe. The property has 340 square metres of living space with six bedrooms and six bathrooms. The outdoor area extends over a 2,000 square metre lush in-grown garden with several terraces and an infinity pool. The open-plan concept with flowing transition between the indoor and outdoor areas provides a wide direct panoramic view over Cala di Volpe Bay from almost all rooms. Price on request.

Image source: (Engel & Völkers Porto Cervo)

/by
, ,

Engel & Völkers Porto Cervo – Costa Smeralda: International demand for luxury holiday properties on Sardinia’s exclusive north east coast

Costa Smeralda: International demand for luxury holiday properties on Sardinia’s exclusive north east coast

  • Discretion and exclusivity have currency on the real estate market
  • Buyers focusing especially on sprawling country estates
  • Premium properties south of Costa Smeralda increasingly sought after

Hamburg, 15 August 2022. The Costa Smeralda on the northeast coast of Sardinia is one of the most sought-after and most exclusive markets for holiday properties in the world. It also remains one of the most discreet markets though. This strip of coastline, which owes its name to the unique emerald green of its waters, stretches for some 20 kilometres – with fine sandy beaches, picturesque rocky bays and unique Mediterranean architecture. Ever since the 1960s, it has been one of Europe’s finest addresses for first-class restaurants, exclusive shopping and luxury second homes. “Demand for real estate has risen sharply in the wake of the pandemic and, alongside top premium villas with sea views, buyer interest is increasingly shifting to large country estates with sprawling plots of land that offer a peaceful and secluded retreat,” says Daniela Ciboddo, Licence Partner of Engel & Völkers Porto Cervo, who continues: “At the same time, buyers are also increasingly tapping into the regions south of Costa Smeralda.”

Discrete and exclusive property market in strong demand

The special status of the Costa Smeralda as a luxury retreat for extremely affluent and sometimes prominent clients means that discretion and exclusivity are centrally important tenets of the property market here. “Many properties are not advertised in the public domain and usually brokered while observing strict confidence. In some cases, exceptional properties can command sales prices in excess of 200 million euros,” says Daniela Ciboddo.

One of the most sought-after locations on the Costa Smeralda is the upmarket port town of Porto Cervo, which is home to one of the highest priced marinas in the world. Since being founded by Prince Karim Aga Khan in 1962, it has evolved into a hotspot for both famous personalities and the international jet set. There is a typically Italian piazzetta at the centre of the town, with a number of luxury hotels, as well as designer shops, upmarket cafés and restaurants. Desirable apartments here are currently on the market for up to 2 million euros. In the hills around the town, there are also extensive plots of land with magnificent estates that command asking prices of up to 18 million euros.

Coastal locations south of Porto Cervo are also highly sought after, including the bays of Cala di Volpe and Romazzino, which boast idyllic beaches blessed with turquoise waters. In the Bay of Romazzino, exclusive villas can be purchased for figures greater than 200 million euros. In Cala di Volpe – renowned internationally for its immaculate golf courses – luxury villas and estates with panoramic views of the coastline and surrounding islands are also in high demand. Asking prices for properties of this kind can reach as much as 18 million euros.

Interest in properties in the port town of Porto Rotondo is also strong. The town has a curved harbourfront that can accommodate up to 800 yachts, as well as picturesque beaches with crystal-clear water and beautiful bays such as “Cala Ira” and “Cala Sabina”. Luxury boutiques and restaurants also give the town a glamorous charm. Some of the exclusive villas here have been owned by famous individuals and command prices of up to 40 million euros.

To the north of the Costa Smeralda, Porto Rafael is a particular favourite with island insiders and celebrities. Compared to Porto Cervo, the place is less touristy and offers numerous quiet retreats. Here you will find large plots in secluded locations with far-reaching views of the entire coastline all the way to Corsica. Luxury villas are offered here for prices of up to 15 million euros.

International clientele looking for secluded estates in premium locations

A high proportion of real estate transactions on the Costa Smeralda can be attributed to buyer groups from abroad. Around 38 percent of buyers come from Germany, Austria and Switzerland, around 10 percent from Great Britain, 5 percent each from the USA, Australia and the United Arab Emirates, and 2 percent from other countries. 35 percent of real estate purchases are made by Italian buyers. The majority of these clients are between 40 and 70 years old and looking for a second home for their families with children.

“Restrictions that came about with the pandemic really brought to the fore what the Costa Smeralda has always offered and what people suddenly craved even more: rugged, unspoiled nature and exclusive, quaint towns and villages filled with a sense of security and freedom,” says Daniela Ciboddo. “In addition to properties for owner-occupation, older villas and estates in premium locations such as the hills of Cala di Volpe and Porto Rafael are particularly sought-after investment properties, which are often extensively renovated and either resold or rented out.”

Outlook: Continuing high demand and increasing interest in regions south of Costa Smeralda

“Demand – especially for properties in the premium segment – has remained consistently high on the Costa Smeralda since its inception in the 1960s. The real estate market here remains largely unaffected by political or economic crises and represents a particularly safe haven for real estate investments,” sums up Daniela Ciboddo, adding: “We therefore expect demand to remain at a high level. We are also now beginning to see interest in properties in the previously less sought-after regions south of Costa Smeralda, such as Puntaldia, Capo Coda Cavallo, and Punta Molara.”

Please be sure to include copyright notices when using any of the images.

Rare and prestigious waterfront property in Porto Cervo
This luxurious villa in the direct sea line in Porto Cervo is currently being marketed by Engel & Völkers for 26.5 million euros. It has a total living area of 350 square metres with five bedrooms and seven bathrooms. The property is located on a 2,000 square metre plot with several terraces, a swimming pool, a Jacuzzi as well as private beach access. In addition, the property has a panoramic view of the emerald green water and the surrounding bay.

Majestic contemporary mansion in Porto Cervo
This exclusive modern villa, which Engel & Völkers is currently marketing, is located in a premium location in Porto Cervo. Six bedrooms and eight bathrooms are distributed over a living area of 1,200 square metres. The upscale features include a fitness room, a swimming pool, a whirlpool, a massage room and rooms for staff. The unique wide view of the Pevero Bay and the private secluded location complete the offer. Price on request.

Villa with views over Cala di Volpe Bay
Engel & Völkers is currently marketing this luxurious designer villa in Cala di Volpe. The property has 340 square metres of living space with six bedrooms and six bathrooms. The outdoor area extends over a 2,000 square metre lush in-grown garden with several terraces and an infinity pool. The open-plan concept with flowing transition between the indoor and outdoor areas provides a wide direct panoramic view over Cala di Volpe Bay from almost all rooms. Price on request.

Image source: (Engel & Völkers Porto Cervo)

/by