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The demand for chalets is rising steadily, often exceeding the availability of listings for sale in many regions. The Austrian Alps rank among the most desirable residential markets and vacation destinations in Europe. In Kitzbühel, for example, top real estate prices average between 30,000 and 35,000 euros per square meter. In Salzburg, top prices range from 13,000 to 15,000 euros per square meter. Switzerland, home to renowned resorts like St. Moritz and Gstaad, also boasts some of the most exclusive markets. In Gstaad, top prices range from 68,000 to 70,000 Swiss francs (approx. 72,500 to 74,600 euros) per square meter, while in St. Moritz, they can reach up to 72,000 Swiss francs (approx. 76,800 euros). “For increasing numbers of people, chalets make the perfect retreat where they can escape everyday life and fully embrace nature,” says Florian Hofer, Managing Partner at Engel & Völkers Alpenregion Tirol & Zell am See.
Engel & Völkers Tirol has been appointed as the exclusive agency for the sale of an exceptional luxury estate in Aurach, near Kitzbühel. Situated on a 3,770 m² park-like plot, the property offers 1,195 m² of living space, blending alpine charm with luxurious comfort.
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Engel & Völkers continues to expand its market position in Italy. The opening of a Market Center (MC) in Florence in May marks the strategic entry by the global Group into the third major Italian city. “We currently find ourselves in a period of dynamic market growth, and the intensification of our business in Florence is another important step towards the market leadership in Italy,” says Muhannad Al Salhi, CEO of Engel & Völkers in Italy. “We are developing new licence regions all the time and are heavily investing in the training of our advisors, with the goal of becoming the one-stop shop for premium real estate throughout Italy in the long term.” Engel & Völkers has been operating a MC in Rome since 2015, followed by the opening of a second one in the capital and another MC in Bologna in 2023.
The global real estate company Engel & Völkers is pleased to announce the appointment of Kirsten Best-Werbunat as Director Brand & Communications, effective from 1st June 2024. With over 25 years of solid professional experience, Kirsten Best-Werbunat brings a wealth of expertise to the newly established position. Previously a journalist at dpa and WELT, she most recently served as Managing Director at the communications consultancy FGS Global, where she handled complex mandates in media positioning, change, and crisis management. She also held the role of Media Relations Manager for Germany and Austria at McKinsey & Company, overseeing external communications and brand positioning. In the new position at Engel & Völkers, Kirsten Best-Werbunat will be responsible for Global Brand Management, Global Corporate Communications, managing the company’s own publishing house “Grund Genug,” and leading the Architecture & Design team, which ensures a consistent brand presence across nearly 1,100 E&V shops worldwide. She will report directly to Group CEO Jawed Barna.
Premium real estate in Dubai has been a highly desirable asset among international buyers and investors for many years now. Alongside the high quality of life and security on offer, the government has created additional incentives for real estate investments, with new requirements in place for acquiring the Golden Visa in the Arab Emirate. The number of transactions reached a new high in 2023, according to the latest Engel & Völkers Dubai Residential Property Market Report.
Just in time for spring, the property market is showing positive signs of growth once again. A certain reluctance to buy is now giving way to renewed investment activity, while expected interest rate cuts are leading to first indications that a new period of recovery is upon us. Germany’s tourism market is also showing further signs of recovery and, with 487 million overnight stays last year, fell just short of the record figure set in 2019 (495 million overnight stays)*. The ongoing enthusiasm for so-called “staycations” is also reflected in the vitality of the holiday property market in Germany. In spite of challenges facing the economy, rising interest rates and energy costs, second homes in Germany’s most popular holiday regions remain at a stable high. “Holiday properties in Germany remain rock solid in the face of all manner of circumstances; hardly any other market is so resilient. The extreme euphoria at the idea of owning a holiday home, sparked by the pandemic, only levelled off slightly in 2023, as global travel returned to a state of normality. We are registering a continuous stream of interest,” says Till-Fabian Zalewski, CEO of Engel & Völkers for Germany, Austria and Switzerland, who adds: “The reduction in key interest rates expected this summer is also likely to spur on market momentum, where prospective buyers have been reluctant to take the plunge and buy thus far. The resulting stability and the opportunities then open to such clients to plan better could mean that the number of property listings in the most desirable holiday locations becomes scarcer again.”
Brussels is one of the Engel & Völkers focus markets and demand for property in the Belgian capital and surrounding regions is consistently high.
Marick Schippers himself commented as follows: “I look forward to reinforcing the strong market position of Engel & Völkers even further, by delivering consistently excellent standards. Along with the team, our aim is to become the market leader and we intend to offer our partners not only the very best service, but a human perspective in each collaboration.” Marick Schippers has been working under the Engel & Völkers brand since 2016.
The high demand from national and international buyers on the Majorcan real estate market continued in 2023, according to the Engel & Völkers Majorca Market Report 2023/24. After the strong catch-up repercussions in the wake of the pandemic years, followed by growing international interest in 2022, the market underwent a correction last year towards a more balanced relationship between supply and demand.
Engel & Völkers is pleased to announce the appointment of Muhannad Al Salhi as the new CEO for Italy, effective immediately. He takes over from Tomaso Aguzzi, who is departing the group to pursue new professional opportunities. Muhannad Al Salhi is a highly accomplished manager with extensive sales expertise.
Engel & Völkers is selling the property of Formula 1 star Jenson Button and his wife Brittny Button in Calabasas, California, with an asking price of 7.9 million US dollars (approx. 7.3 million euros). The hacienda-style residence showcases a blend of traditional influences, contemporary design and luxurious finishes.
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Engel & Völkers Austria
Headquarter - Vancouverstraße 2a
20457 Hamburg, Germany
Tel: +43 196 150 0050