Luxury real estate resists the latest period of the pandemic
Luxury real estate resists the latest period of the pandemic: the sale of Villa Cullinan in La Zagaleta for 32M proves this
The luxury real estate sector resists the latest period of the pandemic and proves its unprecedented resilience on the Costa del Sol. The proof of this is the sale of Villa Cullinan, an authentic masterpiece located in the residential development of La Zagaleta de Benahavís, very close to Marbella. The astronomic figure of 32 million euros paid for this villa turns it into the most expensive in Spain and Europe. Thus it lives up to its name: Cullinan or Southern star, the biggest known diamond ever found.
The luxury real estate market
Marbella and the Costa del Sol in general are clear examples of how the sale of luxury housing is a growth trend. English people, Germans and other citizens from the north of Europe are the main buyers, responding to the profile of successful professionals and senior executives who seek privacy, security and exclusivity.
They find what they’re looking for in Marbella, surrounded by abundant nature, coast, art, leisure, wellness, culture, gastronomy and an endless list of services and resources. All this especially designed for them.
The sale of Villa Cullinan
This marvellous and extremely avant-garde villa is worth every penny paid for it. It consists of 3000 square metres of housing, located in 14000 square metres of land. It’s divided into two floors and a cellar, with 10 bedrooms and 14 bathrooms.
It’s exterior pool is 20 metres long, situated on a 430 metre-square terrace with sweeping views of the Mediterranean. It also has a covered pool and two garages for more than 15 cars in total. To all this a cinema, spa, two kitchens and a gym are added. Its sale is yet more proof of the consolidation of Marbella as the European epicentre of the luxury property market.
Luxury villas in La Zagaleta and Sierra Blanca
The real estate sector in Marbella has been developing since the 1990s, becoming a reference in exclusivity, privacy and wellbeing. These values are perfectly represented by two areas: La Zagaleta and Sierra Blanca.
Until the end of the 1980s, the first was the giant private hunting ground of the Saudi magnate Adnan Khashoggi.
The property went to auction and was acquired by a Spanish, Swiss, German and American investment holding. Today it’s become one of the highest valued residential properties in Europe, with golf courses, private lake, heliport, equestrian centre and sports’ club.
In turn, Sierra Blanca is another exclusive residential area close to Marbella. It has a low population density and large luxury villas, modern and equipped with home automation.
The luxury real estate sector in Marbella
The promotors of the luxury estate agents in Marbella are committed to the privacy of their residents. But also for the security, exclusivity, sustainability and quality of their services and infrastructure.
It’s only a privileged few who will have the chance to access this kind of housing, given the low density of constructions which start each year. That’s why it’s the moment to buy a property and invest in the luxury property sector in Marbella and the Costa del Sol. Contact us!