Marbella still retains its image as a top-class luxury destination and is known worldwide. The situation in Marbella has not only returned to normal but there are also now signs that Marbella is once again becoming a first class international resort, according to a report in local English language newspaper Euro Weekly News. Marbella is attracting hundreds of wealthy Russians, Qataris and Kuwaitis who are not willing to pay less than €2 million for a house, according to the report.
Growing Interest in Luxury Property Marbella
There are opportunities for middle-class Spaniards in residential areas such as Nueva Andalucia, near Puerto Banus, where a penthouse sells for about €115,000. The property market in Marbella has helped keep higher-priced homes from varying in value because of greater demand, while lower-priced properties have dropped considerably, with prices ranging to 60 per cent less than the appraisal value, according to some agents, the report reveals. Normally these homes are sought by buyers in the middle-class market. Estate agents say that they are beginning to see a very clear recovery and that there is a growing demand from Scandinavians. Major investment trends are also being seen among the Qataris and Kuwaitis while buyers are also coming from Colombia, Venezuela and the Asian nations, even if they prefer properties in larger urban areas, according to the report. Marbella has been described as the playground for the world’s elite for decades for many reasons: 26 km of beautiful beaches, stunning luxury villas, the finest hotels, world class cuisine, chic boutiques, stunning golf courses, and 320 days of Mediterranean sunshine a year. A spokesperson for Butterfly Residential, a leading Marbella-based global luxury property agent said: 'Now that prices have fallen we are seeing an increased amount of enquiries about luxury properties for sale in Marbella from buyers from Russia and Arab countries.' 'The Russians are particularly interested in luxury villas for sale in La Zagaleta at the moment, arguably Southern Europe's most exclusive urbanization,' says Butterfly Residential. One property which is receiving plenty of interest, says Butterfly Residential, is a stunning luxury villa for sale in La Zagaleta (main picture above) which is set on a picturesque hillside overlooking mountains and valleys, this completely refurbished home is located very close to the North Gate in the prestigious La Zagaleta Golf and Country Club.
Luxury Aparments in Rio de Janeiro, Brazil
'As we list exclusive luxury properties for sale in other locations such as Barbados, Sardinia, Manhattan among other, we have seen a marked increase in enquiries for luxury apartments for sale in RIo de Janeiro, Brazil,' reveals Butterfly Residential. Among the many exceptional luxury apartments Butterfly Residential has for sale in Rio de Janeiro is this luxury Triplex Penthouse. With breathtaking views of Ipanema beach this luxury apartment for sale in Rio de Janeiro (Brazil) offers bright and luxuriously finished living spaces which optimise the use of light and space. The sublime property is arranged on the tenth, eleventh and twelfth floors of an exclusive building in the heart of Ipanema and features high-specification contemporary interiors, generous outside space and breathtaking panoramic views.
About Butterfly Residential
Butterfly Residential has a superb portfolio of exceptional Luxury Property for Sale in Marbella, Barbados, London, Sardinia, Rio de Janeiro, New York among other exclusive locations. Visit Butterfly Residential
Butterfly Residential are market leaders in the luxury real estate sector with exclusive properties for sale and luxury properties for rent in some of the finest locations across the world.