Northern European investors are reshaping Marbella’s real estate landscape. Recently, Lithuanian fund Evernord and Estonian fund Novira made headlines with a €34 million investment in six luxury homes in Marbella’s prestigious Cascada de Camoján area.
Who are the Investors?
Evernord, managing €250 million in assets, is a major player in this venture. Founded by Jolanta Jurga, the fund is known for its strategic investments across Europe. Partnering with Evernord is Novira, an Estonian fund with a keen interest in high-end real estate. The collaboration underscores a broader trend: Baltic investors recognising the lucrative potential of Marbella’s property market.
Why Marbella?
Marbella’s luxury real estate market is booming. Property prices have surged by 10% over the past year, averaging €4,533 per square metre. This coastal paradise is now the 16th most expensive city globally for luxury homes, surpassing major cities like Madrid and Dubai.
Key areas such as Nagüeles-Milla de Oro, Nueva Andalucía, and Las Chapas-El Rosario are in high demand. Prices for new constructions and renovated properties can reach up to €28,600 per square meter, attracting affluent buyers worldwide.
High-End Developments on the Rise
The Baltic investment is part of a larger wave of upscale projects in Marbella. One standout is Design Hills Marbella, an ultra-luxury development by Dolce & Gabbana. With pre-sales already hitting €250 million, this project exemplifies the growing appeal of Marbella’s high-end market.
The Bigger Picture
Marbella’s transformation into a luxury hub is attracting diverse foreign capital. The entry of Baltic funds like Evernord and Novira signals not just confidence in Marbella’s market but also a strategic diversification of investor profiles. This trend bodes well for the future, promising sustained growth and development in the region.
As Evernord and Novira set their sights on Marbella, they are not just building homes; they are shaping the future of luxury living in one of Europe’s most sought-after destinations. With rising property values, high-profile developments, and a steady influx of foreign investment, Marbella is poised to maintain its status as a premier luxury real estate market.
Marbella Hills Homes is your gateway to one of Europe’s most popular real estate markets. Whether you’re seeking a lavish villa, a chic apartment, or a lock-and-go holiday home, our diverse portfolio has something for every discerning buyer. Our experienced team is dedicated to finding the perfect home tailored to your needs and preferences. Embrace the elegance and charm of Marbella with confidence.
Contact Marbella Hills Homes today to explore a world of unparalleled possibilities and make your dream of Mediterranean living come true.