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Wetag International Insights Blog


Wetag Consulting is a boutique real estate brokerage in Ticino, Switzerland, serving the three big lakes Lago Maggiore, Lago di Lugano and Lago di Como as well as Ticino's beautiful valleys. The company with its International Division focus also on luxurious and interesting real estate world wide. This blog covers news, ideas, and information pertaining to these real estate marketplaces and lifestyles.

Malta – The hidden secret for high net worth individuals?

Posted Mon Jan 16 10:08:56 UTC 2012


Malta, the small archipelago in the centre of the Mediterranean Sea, just 8o km south of Sicily, is well known for its ancient setting, the very mild climate and almost unparalleled health care system (according to the to the World Health Organisation, Malta has the 5th best healthcare service in the world). It also has a very good education system (more than 90% of all Maltese are bilingual Maltese and English speaking) and good business infrastructure.


Even with the island still best known as a cheap and cheerful holiday resort, the overall situation is changing and the island attracts more and more a more wealthy group of visitors. Easy to reach with direct flights from many European cities (London only a three hour flight away), Malta attracts tourists from all over the globe looking for some of the best diving spots in Europe, which Malta is known for as well. The island is also a sought-after stop by many cruise ship tours in the Mediterranean Sea where thousands of tourist visit the charming town of Valletta each year. Aside from the demand in tourism, Malta offers businesses a very advantageous business environment with attractive tax benefits and a friendly business infrastructure. The government created special programs to lure aviation and shipping industry for example. And now, the island becomes even more attractive for high net worth individuals by offering very interesting financial benefits when purchasing a home.


Last year, Malta introduced tax legislation designed to attract these high net worth individuals. In January 2011, the government started with the introduction of the Highly Qualified Persons Rules with the goal to support the islands financial services industry. The initiative offers incomers in a range of executive positions in financial services that will pay tax at a rate of only 15 per cent, provided they have an income of at least €75,000 a year for five consecutive years. Later that year, in September, they ruled out another program, the New High Net Worth Individuals Scheme, where the government tries to encourage people to contribute to Malta's economy and not simply keep a second home there. Taking first residence in Malta where you must life for at least 90 days and purchasing a property worth at least €400'000 (or spend €20'000 a year in rent), the applicants foreign income will be taxed at 15% only with a minimum tax payable of €20'000 a year. In addition, Malta has no inheritance tax or capital gains tax on a primary residence what makes Malta a true tax haven and worth to consider moving there.


There are many new developments around Valletta with high quality real estate, more likely apartments, looking for these kind of buyers who want to take advantage of these new established benefits. Besides more known cities such as Valletta, Sliema and Madliena, which are the favourite spots amongst international buyers, there are some locations which can be considered secret, offering character charming squares with street markets, cafés, bars and high quality properties. The village of Rabat - yes right, the other Rabat than the one in Morocco – is such a hidden secret with a charming village centre, ancient buildings and all that only a short drive from Malta's international airport and city of Valletta away. Here in Rabat, one of the most luxurious real estate in Malta is currently being offered for sale.


Towns on Malta are known for their cultural rich Palazzos, with their inner courtyards and wells. The luxurious Palazzo, also known as “The Palace of the Countess” has been renovated and modernized by its current owners, paying huge attention to each detail to bring back the charm of the old Palazzo, but without missing all the amenities of today’s luxury living. The home features multiple air-conditioned living areas, several spacious bedrooms, a well-designed entertainment area, offices, a gourmet style kitchen and much more. After the addition of a neighbouring property, the courtyard doubled in its size. A beautiful, mosaic tiled pool, a roof terrace and a three car garage round up this unique property. Maybe the property’s most special feature is its glass floor on the ground floor providing day light for the lower level consisting the entertainment area and wine cellar. The museum quality like property is perfect to entertain guests, to relax with family or to work from home. A true haven on the island of Malta.

Posted by:  Peter Rabitz

Andermatt Swiss Alps to pick up speed

Posted Fri Nov 11 14:38:33 UTC 2011



What has happened within one year in the very charming Swiss village of Andermatt is quite unbelievable. Recently on a sunny day in October, I went up to Andermatt with clients to show them the development Andermatt Swiss Alps as well as for an update on the construction progress. Already when entering the Ursern Valley, after a 1 hour drive from Lake Maggiore only, the changes and progress in construction where just obvious and not to be overlooked. Multiple cranes on the construction site of the future apartment buildings, an area called “Podium,” prove intensive and numerous building activities. The first parts of the Podium on which the apartment buildings will be constructed on are clearly visible. The Podium will house the complete infrastructure of the future and newly built village including building maintenance facilities, resident parking and all access and exit routes. Residents will enjoy a hassle free arrival despite any weather conditions as well as parking with direct access by elevator to their apartment. Another advantage by that “underground” solution is that the village on top is going to be a car free zone where one can freely stroll around.

Passing the construction site of the Podium and moving towards the village centre of Andermatt, the cranes of the future 5* Chedi Luxury Hotel attract attention. The scenery of the upcoming Chedi Hotel becomes more and more impressive as one gets closer. The main hotel complex is up and construction workers are finishing the massive roof in order to get the buildings ready for the winter season. Windows are being installed so work can proceed during winter. Right next to the hotel, the Chedi residences are under construction where apartments and lofts are being sold. The residences will offer its residents the same service and comfort such as wellness/spa, ski butler, valet parking, cigar lounge and much more, just as the hotel offers its guests and residents. Embedded in harmony with the surrounding architecture, these residences offer the future owner a charming lifestyle within the comfy living environment of an alpine village, but without missing out on the luxurious amenities of the luxury 5* Chedi hotel.

With all the unparalleled luxury the Chedi offers - summer and winter alike - it doesn’t come by surprise that most of the very attractive units have already sold. In the main hotel building, there are only a few units left, but where you still can choose between an apartment with a nice view onto the slopes of Nätsch/Gütsch, the Gemsstock or onto the valley. Units facing the beautiful valley also enjoy a view onto the hotels backyard with its large scaled pond where one can ice-skate in winter while others relax on sunken and comfy seating areas alongside the pond which invites to relax. Rear units also enjoy a glimpse onto the extensive glazed wellness and spa center with its gigantic pool.

The hotels inside however still require some imagination, but the generosity of the premises can be foreseen due to the spacious interiors and the open floor plan. Warm colours, noble wooden built-in’s and furniture in an luxurious alpine chic style will dominate the interior design and boast an absolutely cosy atmosphere as one can imagine by looking at the glossy brochures.

Altogether, the recent visit of the construction site of Andermatt Swiss Alps has been extremely worthwhile and it’s a great feeling to see something extraordinary and one of a kind within the Swiss alpine region growing. The visionary plan of the Egyptian investor Samih Sawiris has been getting proven right by a steady client request as well as by the sales of many units either within the luxury 5* Chedi hotel or one of the first 6 apartment buildings available. This also underlines the significance as well as interest on a year-round holiday destination in close proximity to metropolitan cities such as Zurich and Milan. With the completion and opening of the Chedi hotel in 2013/14 and by that time also of the new to be opened Gotthard-Oberalp- Ski Arena, interest will surely surge. More and more prospects express serious interest in a vacation home in Andermatt Swiss Alps so why not you too? Please contact Wetag Consulting for more detailed information or to schedule a visit. For impressions of the construction please click here.

Posted by:  Peter Rabitz

It's Showtime baby....Fashion Week Berlin 2011

Posted Thu Jan 20 15:03:00 UTC 2011

Berlin starts the New Year with one of the most successful fashion events not only of Germany – the Mercedes Benz Fashion Week. Fashion victims, designer, models, starlets, actors and all people with a passion for fine clothing will hit the city and spread across shows, stores, galleries, restaurants and clubs. Main events taking place from January 19th till January 22nd at Bebelplatz, right in the historic centre of Berlin. The fashion epic centre is located near the pulsing hip district Mitte whit all its fancy shops and galleries. The historic part of Berlin along the street “Unter den Linden” stretches from the well known “Brandenburger Tor” all the way to the Alexanderplatz. The main tent of Fashion Week stands right in front of Rocco Forte’s glitzy 5* Hotel de Rome. The “Gendarmenmarkt” and Berlins shopping street “Friedrichstrasse”, Berlins world famous Museum Island are also right around the corner. Fashion and design are inevitable interconnected and so is architecture and design. When strolling through the streets of Berlin there are great examples of good architecture around. My favourites around these neighbourhoods are the “Neue Nationalgalerie” built by architecture icon Mies van der Rohe, the “Deutsches Historisches Museum” by I.M. Pei and Frank O Gehry’s designed headquarter of DZ Bank with its awesome interior space.

Only a stone’s throw away is Berlin’s newest and most sophisticated luxury residential development Yoo Berlin. At Yoo Berlin, fashion meets design and architecture in a very sexy way. Interiors are designed by noted designer Philippe Starck who set footprints all over the world already. I am pretty sure there will be some fantastic events held in Berlin, and clubs will be filled up by all the fashion victims from around the globe.  So get your dancing shoes ready to celebrate Germanys hottest fashion nights.

Posted by:  Peter Rabitz

Berlin, a rising star on Germany's horizon and what makes Berlin more and more attractive not only for tourists.

Posted Fri Dec 03 00:00:00 UTC 2010

Seems that Berlins tough times are going to be history in near future, at least signs of recovery are obvious everywhere. Outlook for the once divided city is bright and the German capital gains more and more attention and recognition world wide. Celebrating 20 years of reunification, Berlin uses its not so glamorous past to show off its free and affluent future.

For me, Berlin has been and still is Germany’s SOHO, Greenwich, Wapping, Notting Hill or what ever other trendy city quarter you like to name. Soon after the wall came down, creative’s, artists and musicians moved to Berlin and enjoyed the open minded and free spirit you could and still can experience everywhere. The city is undergoing a transformation into a very much hot spot in Germany. Berlin’s trendsetter potential is well known and a recently published article in the Telegraph headlines their story the following “Berlin joins the cool crowd” what perfectly describes the city’s current status.
 

Sometimes, I believe all these positive news about Berlin’s growth and bright future outlook is so new to the city that it’s hard for Berliners to handle them and so it’s still very common to question everything rather than believe in the good. Of course, there is still a long way to go considering where the city is coming from and what difficulties it had to deal with – financial, economical and social wise. Therefore, it’s even more welcome when positive news makes a circuit.

Just today, Financial Times Germany published an article called “The capital on a roll” where they look at Berlin under the attention of the new international airport BBI who is scheduled to open for business in June 2012. The newly constructed Willy-Brandt-Airport, named after the former politician, is located in the very south of Berlin and will replace all three existing airports (airport Tempelhof already closed for business). The new and approx 2 Billion Euro expensive airport is planed to handle up to 27 million travellers with an additional extension planed to handle up to 45 million passengers in the end. Right now, the airport will rank Germanys 3rd largest after Frankfurt and Munich. Politics and economy link great hope with the airport. The region Berlin-Brandenburg is booming for quite some time, but which is barely perceived. A recent city ranking by the “Hamburgerisches Weltwirtschaftsinstitute” (HWWI) did take a look at 30 German cities where Berlin made a jump from the 24th to the 8th rank. HWWI boss Thomas Straubhaar states: “The growth engine started and locational advantages such as education, accessibility improved by far and continue to have an effect.
 

Berlin’s senator for economics states: “Already this year, the real national output will be higher than before the crises.” The long time not recognized industry is going to become more important again and the new BBI airport is a very important prerequisite for even more growth.

We experience Berlins increasing appeal by a broad range of interested parties from all over the globe looking for real estate opportunities in Berlin. We are proud to be able to offer them one of the most sparkling luxury residential developments currently available – Yoo Berlin. With celebrating the ground breaking ceremony few weeks ago and construction on its way, the development will be scheduled to open in 2013. Just last week, I was happy to attend the official launch party of the Yoo Berlin by Philippe Starck development which took place at the projects beautiful showroom, located on site. Philippe Starck - the iconic star designer, Eike Becker – the architect of the buildings exterior, Dr. Thomas Wolfelsberger – CEO of Peach Property Group (the developer), Jon Hitchcox – co-founder of Yoo and many other guests form showbiz, culture and economic gathered at the successful launch party. Yoo Berlin is going to be Berlin’s most successful luxury residential development with already 30% of all planed 87 apartments sold off plan. Yoo Berlin, the city’s most luxurious new scheme will be home to apartments, townhouses and penthouses as well as a boutique hotel and some small commercial units. The glamorous 10-storey block is located right on the river Spree and in close proximity to the governmental district, the famous shopping street Friedrichstrasse and all the fancy restaurants, bars and galleries of Berlin Mitte.

I am looking forward to go back to Berlin for another trip and would be happy to provide all interested people with more detailed information on Yoo Berlin or any other possible real estate opportunities. Please contact me me for more information.

Posted by:  Peter Rabitz

Andermatt Swiss Alps - great skiing and winter sports, almost boundless ski fun on more than 130km piste

Posted Tue Oct 05 11:08:37 UTC 2010

Things are in progress with the construction of the prestigious holiday resort by Samih Sawiris up in Andermatt. Only recently, the laying of the foundation stone of the Chedi 5 star luxury hotel has been celebrated and the development of the new part of Andermatt is also in full progress. In addition, some weeks ago it was announced that the Rezidor Hotel Group will be part of Andermatt Swiss Alps and is going to open their 8th hotel in Switzerland up in Andermatt. The Radisson Blu Resort Andermatt with its planed 240 rooms is supposed to open by 2013 as well. Another powerful partner could be added which will help make Andermatt one of the most exclusive destinations in Switzerland.

With the development of Andermatt Swiss Alps, the villages Andermatt and Sedrun inevitably close, they plan the expansion of the touristic infrastructure together. Gérard Jenni, CEO of ASA states that a PGA standard golf course in Andermatt can’t be enough and there must be investments in the mountain infrastructure to offer his guests attractive leisure facilities in summer and winter alike. To achieve that, a master plan for the entire infrastructure in the Urserntal and Oberalp-Sedrun region has been presented which focuses on the construction of 8 new gondola cableways and chairlifts, as well as the replacement of 6 already existing facilities.

After the planed overall construction, winter sports enthusiasts will enjoy more than 130km (80 miles) of groomed ski runs (without free ride runs) at the Andermatt-Sedrun ski resort. The amount of investment is estimated by 160 million Swiss Francs in total. The highest priority will be the construction of an 8 seat gondola cableway from Nätschen to the region Gütsch, as well as a quadripartite-chairlift Oberalp-Calmut. A permanent connection between Urserntal and Sedrun via mountain infrastructures with additional four lift facilities is planed by 2015.

With the expansion of the ski area, not only the attractiveness of the region is increasing, but also its commercial relevance of Andermatt Swiss Alps. In Andermatt, a region known for guaranteed snow and best snow conditions (with great powder snow), a very attractive winter sports resort is being developed which is of great interest to foreign real estate buyers since the purchase of property is exempt from the Swiss typical “Lex Koller” law. That means that foreign buyers will be free in buying any real estate they want. Please don’t hesitate to contact us at  should you wish to receive further information on Andermatt Swiss Alps or any real estate options available.

Posted by:  Peter Rabitz

Marrakech still attracts celebrities from all over the world and is still a top choice for a beautiful vacation property by many

Posted Fri Sep 24 14:53:16 UTC 2010

There are not many places on earth famous for their rich culture and feel of the “Arabian Nights” like Marrakech, Morocco. The city attracts a number of celebrities from all over the world and is well known for the spiritual experience its magical Medina offers. A-listers like Naomi Campbell, Jennifer Aniston, Madonna, Brad Pit, the Beckhams and many more already visited Marrakech where they enjoyed the bustling life of its ancient streets. Some of them loved it so much that they chose Marrakech for a vacation pied-à-terre where they bought either a beautiful riad within the Medina of Marrakech or a traditional Moroccan property in the outskirts of the city.

The latest coup is a luxurious development in the suburbs of Marrakech, where 15 villas are being built at the luxury five star Baglioni Marrakech Resort. Fashionista hottie Jade Jagger teamed up with design firm Yoo on the interior design of 15 villas. Jagger already worked with Yoo on their projects in New York, Dubai and Manchester. Yoo is well known for eccentric designed real estate where designer luminaries such as Philippe Starck styled the interior of apartments and penthouses, which soon became almost collector’s sough-after properties. The current most recognized development by Yoo is its development in Berlin where Philippe Starck designed the interior of all apartments, penthouses and townhouses.
 

It is very interesting to see how the Yoo style blends in with the typical Moroccan architecture. Jade Jagger planned a mixture of typical Yoo design elements in a combination with traditional Moroccan décor and ornaments implemented in the overall design. The architecture is very sleek and almost contemporary. For those who are more into the typical Moroccan architecture and design, and who are fans of the lifestyle within the walls of Marrakech’s Medina, Wetag Consulting is offering two very sophisticated luxury riads, located in the Dar El Bacha district, the most prestigious ZIP code in Marrakech’s Medina. The two riads offer a very luxurious lifestyle with all amenities you don’t want to miss, including home theatre, indoor pool, sauna/hamam, wine cellar, gym and much more. In close proximity to the guest house of the Moroccan King and not far from the airport, these riads offer Moroccan lifestyle at its best.

Posted by:  Peter Rabitz

From Ascona to Milano or Venice by boat - good news for all the friends of boats /yachts and Lake Maggiore

Posted Wed Sep 15 20:31:00 UTC 2010

What we all hoped and discussed many times seems official by now: At the conference “Idrovia dal Lago Maggiore a Milano” held in Arona, Italy, last Monday, the 13th of September, Italy confirmed that the waterway from Lago Maggiore to Milano (using the Ticino river and the historical canal “Naviglio Grande”) will be navigable again by 2015 before the Milan Expo 2015 at the latest. Italian Vice minister for Transports Roberto Castelli further said at the conference that he hopes not only this part, but the entire connection from Lago Maggiore to Venice, should be open for ships by then. He named a total cost of approximately 100 million Euros, of which a part, but not all, is already spoken for.

I am truly looking forward to do my Saturday shopping in Milano by boat, to board my Venetian Gondola  in Ascona to the Carnival, or simply to enjoy a canal-and-river cruise through one of Europe’s most remarkable historical regions. Ship ahoy!

Posted by: Ueli Schnorf

The exciting way of real estate – Villa Libeskind, an architectural testament of the 21st Century

Posted Tue Sep 14 21:24:00 UTC 2010

There are dozens of great architects these days, but only a handful can be considered iconic, given by their controversial design or ingenuity of their works. Most of them such as luminaries like Frank Gehry, Shigaru Ban, Richard Meier, Tadao Ando, Santiago Calatrava and Rem Koolhaas just to name a few, are also ever-present in medias across the globe. Definitely not to be missed in that list is Daniel Libeskind. Not many architects split their audience that drastic into two opposite camps just by the look of their architecture and Mr. Libeskind is definitely one of them. People either hate or love what he is doing, but it doesn’t go without notice that he is quite successful. Maybe one of his biggest successes has been winning of the Ground Zero design competition where he was chosen to become the lead architect. Unfortunately, his involvement soon was disregarded and narrowed when he got some colleagues on his site who soon took over the overall design process creating a less spectacular architecture for Ground Zero.

Some of Daniel Libeskinds current most recognized works include the Las Vegas MGM Mirage City Center, the Extension to the Denver Art Museum, the Jewish Museum in Berlin, the Military History Museum in Dresden and the Fiera Milano project only to name a few. All its past, current and future works make him one of the big players in commercial architecture leaving some people dreaming of a Daniel Libeskind designed single-family-residence to call it their own Libeskind. Up to that point a few months ago where he announced his latest coup – the design of “The Villa-Libeskind Signature Series.

The New York-based architect has teamed up with the German builder Proportion to produce a limited-edition series of 5,500-square-foot dwellings dubbed “Villa Libeskind.”

“This is the first small intimate house that I have designed for an individual or a family, which really reaches into the depths of a new experience of living and architecture,” says Libeskind, who calls the residence a “walk-in sculpture.” A prototype was unveiled in October 2009 in Datteln, Germany, on the campus of Rheinzink, the zinc panel manufacturer, where the villa serves as their welcome center what led into a slightly different use than the villa was originally planned.

This first week in September, I was able to finally make a trip to visit the prototype. We at Wetag Consulting market the projects first to be built villa on a beautiful lot in a sloping hillside position in Locarno/Orselina, Switzerland, overlooking gorgeous Lake Maggiore. It is a very prominent but still hidden location what totally reflects the building’s story. Daniel Libeskind designed the building like a crystal growing from rock, where a dramatic structure emerges from the ground.

Turning into the parking lot of Rheinzink, your eyes will immediately focus on the villas imposing appearance. Without a doubt, the building is right away recognized as a work of Daniel Libeskind. A trio of interlocking architectural bands envelops the Villa in striking angles, creating a dramatic, asymmetrical interior of spiraling, two-story peaks and smooth transitions to secluded terraces. Mimicking the Jewish Museum in Berlin and other architectural masterpieces by Daniel Libeskind, the Villa’s exterior is enveloped by an elegant standing-seam zinc façade, which enables the use of 21st Century technologies such as a solar thermal system and a rain water harvesting system.

Entering the entrance area, the dramatic lines and the allegedly wild use of angles continues in the interior as well, shaping a dramatic and eye catching living space. The ground floor consists of 2 rooms which could work as bedroom, library, home office, guest quarters or whatever else you would like them to be. The entrance area with the staircase, leading to the upper floor with all the private areas, is divided by a wall from the loft like open living room, featuring an open kitchen (optionally also designed by Libeskind) as well. Floor-to-ceiling windows on two sides flood the living area with natural light. Incline planes, Libeskind like ribbon windows, light wells and strange angles in the villas overall construction proof the building to be an original Libeskind throughout and give it an even surreal guise. It’s not a secret, but “The Villa-Libeskind Signature Series” is not for everyone. The future owner should be an architectural enthusiast, should love design and most of all should appreciate and understand Daniel Libeskind’s design language. In my opinion, gallery owners, artists, creative’s or similar will have their joy on this villa and will most likely impress not only their friends and acquaintances, but also their neighbors.

Posted By: Peter Rabitz

Foundation stone ceremony of the 5* Chedi luxury hotel in Andermatt marks an important milestone of the development

Posted Wed Sep 08 10:19:00 UTC 2010

On Tuesday August 31st 2010, developers behind the holiday resort under construction in Andermatt reached an important milestone when they began laying the foundation of the Andermatt Swiss Alps project and celebrating the much sought-after ground breaking ceremony.

The Chedi 5* luxury hotel will be the crown jewel of the future holiday destination, Andermatt Swiss Alps, and will link the historical old part of Andermatt with the new village that is going to be built. Switzerland’s new Alpine it-destination will not only offer four and five star hotels, like the 5* Chedi hotel and the just recently announced Radisson Blue, but also several real estate investments such as apartments, villas, penthouses and lofts. Furthermore, there is a PGA standard golf course planned, a wellness and spa center, and a new to be restructured ski resort that will offer great advanced skiing. 

The region of Andermatt is well known for its snow quality featuring long winter seasons with tons of powder like snow great for cross country skiing and snowboarding. The developer of Andermatt Swiss Alps will invest in Andermatt’s current ski infrastructure and, even more important, combine the Andermatt resort with the surrounding resorts like Sedrun to make it one of the largest ski destinations in the Swiss Alps.


Mr. Samih Sawiris and other attendees of the foundation stone ceremony affirmed the importance of the development. Click here to see more impressions of the ceremony. With the construction of the development on a former Swiss military training area and the approximately CHF1.5 billion investment, Andermatt will become one of Switzerland’s greatest touristic regions. 

The 5* Chedi Hotel, which will be built on the site of the former legendary luxury Bellevue hotel, is going to be the luxury spear head of Andermatt Swiss Alps. The hotel will feature 50 hotel rooms, 119 real estate opportunities such as apartments, lofts and penthouses, 2 restaurants, bars and lounges, wellness and spa facilities and many more luxury amenities. With construction on its way, the hotel is scheduled to open in winter season 2013/14 where it will welcome its guests and property owner to move in or to just start their vacation.


Please contact us should you wish to receive further information on all current real estate opportunities available and send an email to andermatt@wetag.ch or call +41 (0)91 751 3106.

 

Posted by:  Peter Rabitz

Thinking of beach vacation - Maldives would be nice again

Posted Tue Aug 24 09:31:28 UTC 2010

Sitting here on beautiful Lago Maggiore (Ticino, Switzerland) and thinking about my next travel plans. Right now, I would like to opt in for some lazy and relaxing beach vacation where I can relax in the sun, enjoy crystal blue waters and get my batteries recharged before ski season kicks in all over the Swiss Alps which starts right in my front yard.

It’s been far too long since I have been on my best beach vacation ever – Soneva Gili Maldives. Sweet memories are attached to that trip and I always wanted to go back there again. Maybe it’s just going to be the right time for doing so since I heard that the 1st ever residences to foreigners in the Maldives are becoming available and this would be a perfect time to check them out. Located within one of the largest lagoons and smallest islands in the Maldives, set in the Indian Ocean, Soneva Gili by Six Senses is the first in the country to offer foreign ownership. There are 14 luxury over-water villas planed to be sold as “Leasehold.”  Each of them offers 4 bedrooms, spacious entertainment areas, private sun decks, an over-water pool and many more distinctive highlights. Leasehold, by definition of Wikipedia basically means: A leasehold estate is an ownership of a temporary right to land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or landlord. Leasehold is a form of property tenure where one party buys the right to occupy land or a building for a given length of time. As lease is a legal estate, leasehold estate can be bought and sold on the open market. A leasehold thus differs from a freehold where the ownership of a property is purchased outright and thereafter held for an indeterminate length of time, and also differs from a tenancy where a property is let (rented) on a periodic basis such as weekly or monthly.”
 

In this particular case of the Soneva Gili resort, the owner is entitled to sign on a 50 year leasehold with an option to extend to 90 years. This form of ownership is very common in Asia and with the extension to 90 years it’s an even more comfortable situation for the owner. Ok, so Maldives might be a option for my next holiday vacation and if you would like to know more about the Maldives real estate ownership opportunities, please feel free to contact me at .
 

Posted by:  Peter Rabitz

Own Your Caribbean Dream in the Dominican Republic

Posted Tue Aug 10 17:08:00 UTC 2010

Just recently, I received a reminder to pay attention on a great deal to own a luxury view estate on the cost of the Dominican Republic. Villa Cielo at Trump Farallon Estates at Cap Cana is an once-in-a-lifetime opportunity to own the very first villa in one of the Caribbean’s most picturesque locations. The Trump Farallon Estates are part of the Dominican Republic’s most luxury destination of Cap Cana. Located in the heart of the Caribbean, you will find the most exclusive gated community and the World’s New Great Destination, Cap Cana. Located in the south-eastern of the Dominican Republic, with world-class golf, angling, and pristine beaches, Cap Cana is only seven minutes from the Punta Cana International Airport, a direct destination from the United States, Latin America, and important European cities. Trump at Cap Cana will be a resort destination like no other in the Caribbean. Trump Farallon homeowners will enjoy an unprecedented lifestyle and special membership privileges to an array of clubs and amenities within Cap Cana. Located more than 200 feet above sea levelTrump Farallon Estates present dramatic views of the entire Cap Cana property and the crystalline waters of the Caribbean Sea.

And now, the prestigious Villa Cielo is being offered for 50% off its original price and is now listed for only $6.75 million. Completed of course. It’s a great opportunity to purchase this dream property and begin making plans for your 2010 December holidays in your new Caribbean haven. Not to forget that there is the possibility to have 80% financing, so with only $1.35 million down you can call this magnificent villa your own. Please send me an email should you wish to receive even more detailed information on this property or any other options within Cap Cana. 

Posted by:  Peter Rabitz

Berlin – Germany’s most metropolitan city and Europe’s creative epicenter

Posted Fri Jul 09 15:30:00 UTC 2010

Berlin, Germany’s capital has always been a focus point by the worlds rich and famous as well as some of the most influential people world wide. BUT, the city’s face changed quite a bit and with today, Berlin is one of the most recognized metropolises for fashion, music and the creative scene. Long time, real estate investments in luxury properties weren’t first choice when purchasing in Germany, but with the city’s increasing importance in fashion and also due to the fact Germany being one of the leaders in European politics, Berlin real estate market started to show first signs for increasing demand for luxury properties. Traditional regions for high-end luxurious real estate used to be neighborhoods a bit outside of Berlin’s city centre where sumptuous villas and houses could and still can be found. Neighborhoods like Dahlem, Grunewald and Zehlendorf are amongst the most well-known for luxurious living. Not to forget Potsdam, a near by city in the south of Berlin which always has been a sought-after location for the upper class to own a mansion on one of the many lakes you can find in that region. For a long time, the most preferred neighborhoods for apartments and penthouses used to be Charlottenburg and Tiergarten, but with the fall of the Berlin wall in 1989, the focus on Berlin’s centre and the former east part increased with plenty of opportunities to invest. Now, neighborhood like Prenzlauer Berg and Mitte are the most sought-after locations for a trendy apartment or penthouse.

Berlin is one of the world’s most vibrant cities, and the heartbeat at its centre is Berlin-Mitte. Here, artists, entrepreneurs, politicians and celebrities alike all share centre stage. You’ll find streets lined with the most exclusive shops, as well as the hottest galleries, restaurants, cafés and bars. Mitte is also home to Museum Island, beautiful squares and the new government district. The city is also well-known for being Germany’s event epicenter with glamorous events like Berlin Fashion Week and the Berlinale Film Festival beside many others.

Furthermore, architecture always played a big part in the city’s history. In the past, luminaries such as Richard Neutra, Le Corbusier and Mies van der Rohe designed houses for clients in Berlin and Potsdam. With all the changes over the last 20 years, Berlin became a center of attraction for architecture enthusiasts. Some of the worlds most famous and leading architects came to Berlin to design many of the new embassies, commercial buildings and residential buildings. Names like Frank Gehry, David Chipperfield, I.M. Pai, Daniel Libeskind and Norman Forster just to name a few who pop up in my mind right now, read like the who’s’ who in architecture and who all designed some more or less iconic buildings.

These days, just another big caliber of the design and architecture scene made his appearance with Berlin’s newest and maybe most glamour’s project. Philippe Starck – the illustrious magician of design – comes to Berlin. Philippe Starck, the man who is not only the most renowned designer of our time, but also the most versatile. His creations are already considered classics. With Yoo Berlin by Philippe Starck, he now draws upon his wide-ranging talents to create something entirely new, designer luxury apartments. Having already garnered accolades in London, New York, Sydney and Miami, as well as in many other cities around the globe, this innovative property developer is now coming to Germany’s capital. Extravagantly luxurious living spaces that would reflect the esprit and individualism of the people who lived there. Today, yoo is a brand sought after like no other. Each apartment or penthouse is unique – as original as the people who live there.

Back in May, right after the ground breaking ceremony, I visited the construction site and the showroom. Without a doubt, Yoo Berlin is located in one of the most historic and sought-after neighborhoods Berlins - a place where the legendary Friedrichstadtpalast once stood and a place that in the 1920’s toasted stars like Marlene Dietrich. To your right, historical façade of the Berliner Ensemble and to your left, Friedrichstrasse with its boutiques and restaurants. With gorgeous view of the Spree River, further attractions like the government district, Museums Island, Gendarmenmarkt and the Hackesche Höfe are all just a stone’s throw away. The showroom already offers the feel of the upcoming lifestyle at Yoo Berlin. All rooms boast the design language of Philippe Starck as well as some of its iconic design features. The showroom is conceived like an apartment with all the bedrooms, baths and living areas. When walking around you will forget that you are in a temporary space and you feel already pretty much at home. Two bathrooms and two bedrooms feature just two of the four interior designs available from where the future owner can choose from. Each of the four styles – Classic, Minimal, Nature and Culture – will inspire you to add your own elegant and stylish details to your home. Of course, the Yoo design team is always happy to help you run with your imagination. The sky is the limit!

Posted By: Peter Rabitz

Palazzo Tornabuoni in Florence named one of the winner of the 2010 Award for Excellence by Urban Land Institute (ULI)

Posted Thu Jul 08 11:05:00 UTC 2010

Palazzo Tornabuoni is one of the very few urban residence clubs in Europe, and the first in the world to occupy a site of such historic and artistic significance (this is still the only Medici home in private hands). This special status is reflected in its unique title of “Palace Residence Club,” and its unrivalled membership services and privileges.

The Palazzo is located on one of Florence most famous streets – Via Tornabuoni. This neighbourhood of Florence is today the vibrant Tuscan city’s ‘fashion central,’ lined with stylish boutiques of all major label brands. Only steps away from the famous Duomo and a five-minute walk from Ponte Vecchio, the Palazzo is perfectly located to enjoy the bustling and vibrating city life of Florence.

The Awards for Excellence competition by the Urban Land Institute is widely recognized as the land use industry’s most prestigious recognition program. ULI describes the program as follows: “The competition is part of the Institute’s Awards for Excellence program, established in 1979, which is based on ULI’s guiding principle that the achievement of excellence in land use practice should be recognized and rewarded. ULI’s Awards for Excellence recognize the full development process of a project, not just its architecture or design. The criteria for the awards include leadership, contribution to the community, innovations, public/private partnership, environmental protection and enhancement, response to societal needs, and financial viability.”

Quite a time ago, I was able to travel to Florence and was visiting Palazzo Tornabuoni. The city of Florence is fascinating for itself, but Palazzo Tornabuoni capped it all off. When I entered the door to Palazzo Tornabuoni, I could feel the historic significance and the history of the past. I was totally amazed by the high quality of the restoration. My experiences in Italy are not that great when it comes to quality of finishings, but the restoration of Palazzo Tornabuoni has been done with highest care into the last detail and the finishings are just perfect.

Dave Purpora, Director of Sales at Palazzo Tornabuoni, met with me at the library and invited me for delicious glass of vine at the palazzo’s courtyard. He told me all about the history of Palazzo Tornabuoni and provided a short background of the building’s restoration. It took the developer five years to restore the Palazzo into residences. All residences are designed by Michele Nonan, who is an award-winning interior designer. A blend of great care to historic details for example at the original 16th-century frescos or the exquisite fireplace adorned with beautiful micro-mosaics in a mixture with contemporary elements, the Palazzo features high-end living in an historic environment, but with all the modern comfort of these days.

Palazzo Tornabuoni is a perfect getaway for all Italian lovers, art enthusiasts and friends of fine living. There are several options to become an owner of one a few residences available at Palazzo Tornabuoni. Some residences are fractionalized into 1/8 shares, but there is also whole ownership offered. Whole ownership residences are part of the Palazzo Tornabuoni and each property is set among the various courtyards and terraced gardens. A few residences boast their own roof-top views of Florence and the Duomo. Whole ownership residences are between one and two bedrooms, with from one to three baths and range in price from 1.6M to 5.1M Euro. Various luxurious amenities and special offerings for its members are included and provide a perfect environment for a great stay in your own residence. Palazzo Tornabuoni will make you fall in love with Florence so you never want to leave again.

Posted By: Peter Rabitz

Caribbean increases its appeal to foreign property investors

Posted Thu Apr 08 20:09:00 UTC 2010

The Caribbean is a true paradise on earth. Turquise blue water, white sandy beaches, sunny blue sky and exotic vegetation lure thousands of tourists on its islands each year. But, it’s also known as a great place to buy a property either as a holiday retreat or even to become your first residence. Now, the Caribbean announced new residency rules – the Economic Citizen Partnership what allows purchasers to become islands residents.

This Partnership agreement states, that people making a minimum investment of US$350’000 in a property are now entitled to apply for island citizenship. Advantages of a dual citizenship provide the purchaser with better relocation alternatives, ease access to the destination and of course more likely much favourable tax conditions than in many major economies. The first Islands like St. Kitts and Nevis, Dominican Republic, Belize and Dominica (more to follow) who participate in this agreement quickly become sought-after destinations for this type of purchaser.

Posted By: Peter Rabitz