The average buyer on the Golden Mile is now twenty years younger
Marbella August 2, 2018.- The Golden Mile has long been a favoured international destination since the 60s, when it became a resting place for the European elite. Its exceptional location has allowed the housing demand to prosper, even during the worst years of the crisis. When the crisis passed, Engel & Völkers recognised the new profile of international buyers, in order to offer them ‘The Collection’, a product 100% adapted to their needs, which was presented this morning at a press conference.
“The Golden Mile has always been the most prestigious address for a second home for the European clientele. However, in recent years we see a new trend of younger clientele with an average age between 35 and 55 years old, who are searching for a modern style, contemporary design and the latest trend of material and amenities, of course in the best locations on The Golden Mile preferably around the vibrant Puente Romano Resort.” explains Smadar Kahana, CEO of Engel & Völkers Marbella. This indicates a rejuvenation of one of the most exclusive addresses in Marbella of up to twenty years. Therefore Engel & Völkers is very proud to present exclusively The Collection.
‘The Collection’ is a project that meets the demands for new housing construction for this clientele with 26 luxury semi-detached villas that will go under construction on 16th of August. It will be a milestone for this city in view of its recent construction and licensing ups and downs. “Over the past two years, Marbella has lost a lot of investments and now that licensing has been granted, we hope that this promotion will be sold in just a few weeks,” says Kahana.
“Most of buyers do not want 20-year-old houses. They are looking for modern, organic designs, integrated into their environment and in the best possible location”, she continues. “At this moment in time there is no similar villa project on the Golden Mile except for The Collection”.
In fact, The Collection is located just 400 metres from the celebrated Hotel Puente Romano and a short walk from the Mediterranean Sea – it is at the epicentre of everything an international investor is looking for. Built with the highest quality materials, from the prestigious architecture firm González Jacobson who use natural materials such as wood and stone in order to give a feeling of warmth to these semi-detached villas, which are 4,000 square meters, built on plots of 8,000 that is going to be built by the prestigious company San José Construcciones.
In recent years, clientele from central and northern Europe have taken precedence in comparison to other nationalities such as Arabs or Russians. Belgians, Germans, British, Norwegians or Swedes are the main buyers of luxury homes according to the internal study of Engel & Völkers. To achieve the supply for this demand in the best locations in Marbella the goal should be: homes with the best qualities, close to all services in price ranges ranging between 500,000 and 1.000,000 euros for apartments and 1.000,000 and 2.500,000 euros in the case of villas.
‘The Collection’ will have a market value of 30 million euros, with prices from 1,125,000 euros. A unique investment opportunity given the scarcity of plots in this coveted corner of Marbella.
About Engel & Völkers
Engel & Völkers is one of the world’s leading service companies specialising in the intermediation of luxury residential properties, commercial real estate, yachts and aircraft. Present in more than 800 locations in 34 countries, Engel & Völkers offers both private and institutional clients a wide variety of professional services tailored to your needs, providing access to a wide range of potential international buyers and a proven track record during many years. Advice, sale and rent make up the key competences of the more than 10,000 people that are part of E & V. The intensive training plans in its real estate academy and the high level of quality that governs its offer of structured services systematically constitute the key factors of the company’s success.