The world is experiencing the biggest health crisis of the past century and the majority of countries have restricted movement and even confined people to their homes. This has led many to consider moving to a larger house with more outside space.
Maybe that was one of the reasons behind the recent sale by Drumelia Real Estate of one of the most prestigious villas in Marbella, which had an asking price of 40 million dollars. Of course the climate on the Costa del Sol, or a need for more privacy or greater luxury might have had an influence too.
The property, which is in Sierra Blanca, came onto the market on 30 September 2019. It is a spacious, top quality, classical mansion with impressive Greek-style columns, in a unique location with lovely views.
It has ten bedrooms, 13 bathrooms and two kitchens and was designed by architect Jesús del Valle Cardenete. The property won the Maceal prize for best international villa in 2017.
Four storeys high, with a neo-classical entrance, it is 3,000m2 in size on a private 6,000m2 plot with an infinity pool in the gardens.
The villa was built by British developer Joe Ricotta, and its construction took three years. It is one of the most impressive houses in Marbella, in one of the most exclusive locations in Europe. Drumelia also has three other transactions under way for properties with a market value of over ten million euros.
"All this shows that foreign buyers or investors are not being put off by Covid-19 and the current restrictions, and are still committed to investing in Marbella," said Artur Loginov, sales director and partner in the firm.
In fact, last year Drumelia received more enquiries than usual for properties in this price range.
They attribute this to the fact that, after the worst moments of the coronavirus crisis, people's preferences changed in terms of location and type of property. Instead of exclusive apartments in city centres, they are looking for spacious plots inquieter, more private areas.