Market Spotlight | Monaco

“Monaco is one of the most widely known hubs for the world’s wealthiest, setting records for the most expensive luxury real estate properties around the world,” according to findings in our recent Global Luxury Residential Real Estate Report with Wealth-X. Located on the French Riviera in Western Europe, Monaco is home to some of the world’s most exclusive events for ultra-high net worth individuals, from the Monaco Yacht show to the Monaco Formula One Grand Prix. Bordered by France and the Mediterranean Sea, Monaco is a premier luxury tourist destination and has “the highest proportion of residences owned by ultra-high net worth individuals based outside of the country,” according to the report.

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“Over the past two years, the Monaco real estate market has seen an incredible boom thanks to an influx of new residents looking for a financially stable environment with a high quality of life. Sotheby’s International Realty France-Monaco’s multi-lingual team has assisted clients from dozens of different countries including Italy, Germany, Russia and the UK, negotiating multi-million purchases from €2,000/square meter to more than €8,000/square meter.”—Alexander Kraft Chairman & CEO Sotheby’s International Realty France-Monaco

Monaco-1Price Upon Request | Monte Carlo, Monaco | C.I.C. Immobilier Monte-Carlo Sotheby’s International Realty

Spread out over three levels, this exquisite villa offers captivating views of the sea. With spacious living and dining areas, rooftop terrace, and a summer kitchen among its amenities, this home truly speaks to beauty and refinement that is living in Monaco.

Monaco-23.500.000 € EUR | Monte Carlo, Monaco | C.I.C. Immobilier Monte-Carlo Sotheby’s International Realty

With unrivaled views of the Port of Monaco and the Rocher, this prestigious residence is in one of the most sought after locations within Monaco. The property includes concierge service, a swimming pool, and is designed with an incomparable modern eye.

Monaco-3 17.500.000 € EUR| Monte Carlo, Monaco | C.I.C. Immobilier Monte-Carlo Sotheby’s International Realty

This inviting apartment is nestled in a quiet area next to the harbor of Fontvieille. With an unmatched view of the sea, large entertaining and living spaces, five bedrooms, and the tranquility of a sauna, this private home epitomizes the Monaco lifestyle and showcases the inspiring beauty of the region.

Discover Luxury Real Estate in Monte Carlo>

Key Locations for Ultra High Net Worth Real Estate

As our global luxury real estate market continues to develop and grow, key locations have begun to stand out as hubs for the Ultra High Net Worth (UHNW). As reported in the key findings of the Wealth-X and Sotheby’s International Realty Global Luxury Residential Real Estate Report, “New York, London, Hong Kong, Singapore and Paris are the most important international hubs for UHNW residential real estate.” With Los Angeles, San Francisco, Washington D.C., Dallas and Mumbai rounding out the top ten, it’s not surprising that some of the world’s most notable and famous cities are featured here. Explore homes below in cities that show particular clustering of the UHNW.

According to the report, “New York City is one of the biggest financial hubs in the world, attracting investors and real estate developers as well as individuals who want to profit from the market and have significant business interests or personal and family ties to the city.”

NYC$82,000,000 USD | New York, New York | Sotheby’s International Realty – East Side Manhattan Brokerage

This architectural tour de force is a quintessential New York City apartment. The four-bedroom penthouse features unrivaled panoramic views of Central Park, captivating sunlight in every room, state-of-the-art design, stainless steel chef’s kitchen and a spacious library among others. A testament to both great design and exemplary craftsmanship, this in an ideal residence for refined entertaining and sophisticated living offering the ultimate New York City experience.

Key findings in the report show that London is not just, “one of the most important cities for luxury residential real estate,” but that “foreign investors view London as a ‘safe haven’ for prime property investments.”

England£12,950,000 GBP | London, England | London Sotheby’s International Realty

Abundant in elegance, this recently restored, gated estate offers a blend of modern design with enduring architecture. Tile floors, dark wood detailing, skylights, and a walk out to the exquisite west-facing garden make this home inviting and sophisticated. Just south of the Thames and London’s city center, this exquisite home is a private and inviting piece of London living.

Hong Kong has long been known as one of the main financial hubs in Asia. With an ever-increasing population, it is not surprising that the price of luxury residences per square foot has remained both high and relatively stable,” according to the report.

HongKong$350,000,000 HKD | Hong Kong | Hong Kong Sotheby’s International Realty

This gated residence is located within the serene setting of a tranquil, private park. Two guarded entrances and driveways lead towards this grand, colonial-inspired estate, envisioned in a fascinating balance between western and eastern culture. Situated in the New Territories near the Chinese border, it offers easy access to the special economic region of Shenzhen, the Fanling Golf Club and is only a short drive away from Central Hong Kong. Offering an abundance of space and privacy, the main house features floor-to-ceiling, sparkling, crystal cut windows with exotic wooden frames, marble flooring, floor mosaics, and wrought iron balustrades throughout.

In the report, Alexander Kraft, Chairman & CEO of Sotheby’s International Realty France – Monaco, states, “Paris continues to be one of the world’s most sought after destinations for international buyers. However, in comparison with other global hubs such as London, Hong Kong, or New York, Paris remains surprisingly affordable and currently offers plenty of opportunities at highly interesting prices.”

Paris8.400.000 € EUR | Paris, France | Propriétés Parisiennes Sotheby’s International Realty

An entirely renovated 18th century townhouse in the center of Paris, this home offers an unrivaled blend of modern amenities and classic design. Enjoy your favorite films in the comfort of the outfitted home theater or a glass of your favorite vintage from the select doublewide wine cellar. This three-floor, six-bedroom townhouse is a taste of private comfort in one of the world’s most beloved cities.

Explore our in-depth report with Wealth-X and discover more  luxury real estate findings >

Maremma | A Southern Tuscan Gem

Maremma is a beautiful, untouched region in southern Tuscany with about 40,000 hectares of reserves, parks and natural oasis. This region provides endless opportunities for exploration from wooded backcountry hills to sandy seaside living. Maremma is known for its natural parks, medieval towns and fortresses, cultivated lands and old churches. Possibilities are endless under the Tuscan sun and popular outdoor activities include hiking, swimming, snorkelling, biking, horseback riding and unveiling of the ancient splendors in its Etruscan towns.

LivornoPrice Upon Request | Livorno, Italy | Tuscany Sotheby’s International Realty

The pristine and serene beaches and rocky coastline along the blue Tyrrhenian Sea remain a quiet escape for those looking to relax at a non-traditional tourist destination. Named as one of the 44 best travel destinations by the New York Times, Maremma appeals to nature lovers, sport and wine enthusiasts and those who simply want to absorb local traditions and explore the rich history of the area.

Saturnia1.900.000 € EUR |Saturnia, Italy | Tuscany Sotheby’s International Realty

In the countryside of Maremma, Tuscan-style country homes are found nestled among gentle rolling hills and farmhouses are often surrounded by olive groves and vineyards. Each town and hamlet within Maremma is special in its own right, from Saturnia, a relaxing spa town, to Bolgheri, known for its landscape and Bordeaux-style red wines Sassicaia, to Porto Ercole on the Mount of Argentario, recently listed as one of the most alluring Italian hamlets.

MaremmaPrice Upon Request | Monte Argentario | Tuscany Sotheby’s International Realty

A life in Maremma means embracing a low key lifestyle that is close to nature. It’s easy to see why anyone would fall in love with Italy’s southern Tuscan gem.

View country houses, hamlets and castles for sale in Tuscany >

Milan_SIR_LogoMany thanks to our guest blogger, Diletta Carutti from Milan / Lake Como / Tuscany Sotheby’s International Realty, which offers its international and local clientele a wide selection of luxury properties in the top location of Italy such as Milan, Lake Como, Lake Maggiore, Florence, Chianti, Tuscany, Sardinia, Italian Riviera, Capri Island, and the Alps.

Rhinebeck, New York | Market Spotlight

Rhinebeck New York$9,750,000 USD | Rhinebeck, New York | Heather Croner Sotheby’s International Realty

“Rhinebeck, in the very beautiful and historic Hudson Valley, has become a real destination these days, set against the backdrop of the Hudson River and the Catskill mountain range. Snow sports, summer sailing or hiking in the hills are for the taking depending on the time of year. The number of property sales this year in the Hudson valley has noticeably increased above 2013. However, the median selling price is unchanged. The average number of days on the market shows up as lower, indicating that properties are selling a little quicker for now. Most transfers are for existing houses already restored. Strict local zoning limits much new building, preserving the historical character of the area, and strong feelings about land conservation help maintain its natural beauty.” – Heather Croner, owner, Heather Croner Real Estate, Sotheby’s International Realty

The Bahamas | Market Spotlight

Bahamas$13,990,000 USD | Nassau and Paradise Island, Bahamas | Damianos Sotheby´s International Realty

 “The political and socio-economic stability of The Bahamas, along with its tax-neutral laws, kept the high-end market humming throughout the global financial crisis. From 2008 through 2011, many wealthy Europeans and South Americans flocked to buy real estate in the Bahamas in order to establish residency and insulate themselves from volatile financial markets and inevitable tax hikes in their home countries. On the other hand, during this period we saw very few buyers in the midrange ($750,000 to $1 million) vacation condo market. However, that trend has changed significantly over the last two years. Vacation buyers from the United States and Canada have been snapping up beachfront and ocean view condos in Nassau and Paradise Island, as they see great value in comparison to other beach and resort destinations around the world. This increased activity has driven up transaction volume and price points 15 to 20 percent over the past two years. There is a sense of strong optimism in the Bahamas market, which has attracted a number of renowned international developers to initiate new projects throughout our islands. With top-quality inventory and favorable economic conditions, we expect demand and prices to continue to rise.”

– Nick Damianos, estate agent, Damianos Sotheby’s International Realty

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Raleigh, North Carolina | Market Spotlight

Raleigh$7,800,000 USD | Raleigh, North Carolina | Hodge & Kittrell Sotheby’s International Realty

“Raleigh is the quintessential blend of southern charm and sophisticated urban living. As the capital city, perfectly situated between North Carolina’s majestic mountains and beautiful coastline, Raleigh offers world class shopping and dining, excellent education with proximity to universities, exceptional healthcare, and a wide variety of sporting and cultural opportunities. Raleigh is consistently ranked at the top of the ‘Best of’ lists because it is a premier city to live, work, and play. All of these factors combine to create a robust housing market here in the Research Triangle area; with its moderate climate, diverse workforce and affordable housing, it is a desired destination for people moving here. Recognized by both Forbes magazine and CNNMoney as ‘one of the nation’s fastest growing cities,’ we are confident that our real estate market will only continue to improve and thrive.”

– Joe Hodge, president, Hodge & Kittrell Sotheby’s International Realty

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Belize | Market Spotlight

Belize$1,595,000 USD | Ambergris Caye, Belize | Belize Sotheby’s International Realty

“Belize is an incredible market with so much opportunity, both in investment benefits as well as in the variety of landscapes offered. Belize is an English speaking country that offers foreigners the opportunity to hold title with a very affordable property tax system. There is also a very attractive system in place known as the Qualified Retired Persons Program. This allows for US and Canadian citizens who are over 45 to apply for many benefits including exemption from importation duties on personal effects for the first year in the country as well as exemption from importation duty on a personal vehicle every five years. Belize also offers lifestyles ranging from island living, rain forest and eco-living, to farm and ranch. The value obtained in this market is incredible. The Sotheby’s International Realty brand has already had an amazing effect here and will continue to do so. This brand is a vehicle which will push quality development forward in Belize. Our team in combination with the brand is taking the real estate market to the next level in regards to service and professionalism.”

– Brittany McCann, owner, Belize Sotheby’s International Realty

Austin, Texas | Market Spotlight

Austin_Texas$24,500,000 USD | Magnolia, Texas | Kuper Sotheby’s International Realty

“The Austin market has seen exceptional growth over the last year thanks in part to a host of events that have placed our small Texas city firmly onto the worlds’ stage. Events like the Formula 1 US Grand Prix and the X Games have now made Austin their home bringing with them a flood of new buyers to the high-end market and putting inventory of $1million+ properties into a sharp decline. Tower cranes are a common sight in the city’s core as several new luxury residential condo projects are being built to provide a product that has not been in demand before. The technology and film sectors continue to grow with the addition of Google Fiber to the greater Austin area. With the addition of new international flights at the airport along with new and exciting events, entertainment and development on the horizon, Austin will continue to increase in its appeal to national and international clients alike.”

– J. Kuper, principal broker and owner, Kuper Sotheby’s International Realty and Capital City Sotheby’s International Realty

Connecticut and Westchester County, NY | Market Spotlight

Purchase_NY$8,495,000 USD | Purchase, New York | Julia B. Fee Sotheby’s International Realty

“In Connecticut and Westchester County, New York, our markets have experienced promising activity in recent months, particularly with the significant uptick in pending sales, and I am bullish on the market remaining strong through the fall and into next year. The second quarter saw a slower pace of gains than we have been accustomed to after two years of consistent growth and quarter-to-quarter sales increases often reaching double digits, yet this finding is not altogether unexpected as we move into a more normalized housing market. Activity leveled off in the second quarter so that we are approximately even with where the market was at the same time last year, yet this was largely due to the delayed spring selling season that resulted from the overlong winter. The fundamentals of the market are still very strong, with high consumer confidence, stable prices, the improved employment picture, and historically low interest rates all pointing to a strong finish to the year. Our market areas in Connecticut and Westchester County remain highly sought after for the quality of schools, miles of Long Island Sound shoreline, easy access to Manhattan, cultural and recreational opportunities, property taxes compared to neighboring states, and the highest per capita income in the country.”

– Paul Breunich, president and chief executive officer, William Pitt and Julia B. Fee Sotheby’s International Realty

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Mendoza, Argentina | More than Malbec

Over the last several years, Argentina has emerged as one of top wine-producing regions in the world, renowned for its Malbec and Cabernet Sauvignon varietals. The Mendoza Provence, in particular, produces nearly two-thirds of the countries wine and is rated among the world’s top 10 wine destinations. This amazing Argentinean province is known for its grape quality with a special terroir for its growth. Mendoza’s wine route is a major attraction for visitors and residents alike and offers spectacular wineries and unique tasting experiences.

Mendoza Grapes

$ 1.236.683 ARS | Mendoza, Argentina | Argentina Properties Sotheby’s International Realty

Among them, The Villavicencio Natural Reserve is a one and only experience. Located just 50 km from the city of Mendoza, The Reserve encompasses 72. 000 hectares. Nestled among the depressions of Uspallata Valley, the Reserve is a very special place immersed in a unique setting full of flowers and pine vegetation. The landscape is complemented by the diverse wildlife that inhabits the Reserve such as guanacos, vizcachas, pampas cats, pumas, foxes, and condors, among others.

Mendoza 1

 $ 1.236.683 ARS | Mendoza, Argentina | Argentina Properties Sotheby’s International Realty

In the winter months, Mendoza also attracts the adventure-seeking ski community. Las Leñas, outside Malargüe, is the first to fully open its white laden gates. The skiing begins in Mendoza in June, but it is in July when the snow gets more than ankle-deep and the slopes offer more fun, speed and adrenaline. In Las Leñas, skiers enjoy day and night activities. It is the only resort in South America that currently offers night skiing where you can participate in Las Leñas’ unique Olimpos Light Parade and descend the slopes with head torches.

Las_Leñas_Mendoza_Argentina_by_Andre_Charland

Renowned for its world-class wines, beautiful landscape and rich history, Mendoza makes for an unimaginable lifestyle.

Search Mendoza, Argentina Real Estate for Sale >

Argentina_Properties_FacebookMany thanks to our guest blogger, Rosario Lix Klett from Argentina Properties Sotheby’s International Realty, which offers endless access to distinctive properties in the top location across Argentina such as Buenos Aires, the Calchaquí Valley, Patagonia and the Uco Valley.