With transatlantic travel resuming and US home prices continuing to rise, American homebuyers are now turning their gaze to overseas luxury markets. Select European markets languishing during the COVID-19 pandemic are now experiencing a resurgence, according to a report in the Wall Street Journal.
In my look at the global real estate markets this week, I looked at property sales in one of the most desirable areas of southern Spain and how it compares to similarly priced homes in the Nord-Pas-de-Calais region of France and the vibrant town of Markham in Ontario , Canada. From a 9th century Cambrai castle to a sumptuous Marbella mansion, here’s a closer look at what’s currently being bought for about $ 4.75 million.
Markham, Ontario, Canada | $ 4.81 million (CAD 5.995 million)
This stunning contemporary style home overlooks a ravine in Old Thornhill, one of Ontario’s acclaimed Heritage Conservation Districts, blends in with its surroundings with a stone facade accented by steel-framed windows and warm woodwork.
Features: The open floor plan was developed for indoor and outdoor living and has recessed glass doors that open directly to spacious walks and balconies on the second floor. At the heart of the home, a vaulted-ceiling kitchen connects an island / breakfast bar with designer furniture, high-end appliances, and an eye-catching wine wall. A separate catering kitchen is located nearby.
Other advantages: The master suite – one of four bedrooms and five bathrooms – expands to include a large walk-in closet and shiny bathroom with a claw-foot tub. On the lower level there is a guest apartment with separate access and a kitchen.
Represented by: Barry Cohen, Barry Cohen Homes
Cambrai, Nord-Pas-de-Calais, France | $ 4.68 million (EUR 3.95 million)
This multi-story castle from the 9th century originally served as a mint for the region. Several renovations over the years include the addition of a hammer-shaped building in the 16th century and a restoration in the 18th century that renovated the castle using bricks from the countryside.
Features: Today the house offers hotel capacities with 27 bedrooms and suites, reception rooms and a kitchen. The caretaker’s house has also been redesigned and now serves as a further suite.
Other advantages: An underground car park offers space for large groups and parking spaces for 15 vehicles. There is also a wellness center with swimming pool on the three hectare property.
Represented by: Sophie van Cayzeele, Groupe Mercure
Marbella, Malaga, Spain | $ 4.68 million (EUR 3.95 million)
Few communities are more exclusive than those in Marbella, the beautiful beach town in southern Spain. This villa style, reminiscent of traditional Andalusian farmhouses, is located in one of the most sought-after: the private residential area of Sierra Blanca.
Features: In the center of the six bedroom, six bathroom house is a central courtyard, clad in beautiful artistic tiles, accessible from each of the wings. Inside there is a large living room with a fireplace and a library. The master bedroom suite has two walk-in closets and a private terrace with ocean views.
Other advantages: The walled and fenced property extends to about 3,000 square meters and has a large terrace with wide sea views. In addition to the main house, there is a guest apartment, a fitness room and an indoor swimming pool. Outside, a landscaped garden and a gazebo with a grill surround the outdoor pool.
Represented by: Cristina Martinez, Inmobiliaria Rimontgo
Barry Cohen Homes, Groupe Mercure and Inmobiliaria Rimontgo are exclusive members of Global Forbes Properties, a consumer marketplace and member network of elite brokers selling the world’s most luxurious homes.