Property

Pure Luxury with Jessica Stockman - Why Dream Homes Have Become a Matter of the Heart

From actress to real estate entrepreneur: Jessica Stockmann reveals why dream homes have become a matter of the heart for her.

When she cruises along the Côte d'Azur in a convertible it's pure freedom. But at the same time it's work: Jessica Stockmann, who once made a name for herself as an actress and TV host, is since more than a decade  successful in the luxury real estate business and always on the lookout for interesting properties. Today, she lives alternately on the Côte d'Azur in Hamburg and Berlin.

How can we imagine your job exactly?

It all starts with me looking for properties in prime locations that are in need of renovation. Over the last 20 years, I've become a bit of a truffle pig. (laughs) As soon as I've found what I'm looking for, the planning starts, then the renovation - and finally the furnishing.

Where do you find the furniture and home accessories you use to furnish the houses?

My daughters and I love to travel, and we look for special pieces at antique fairs, flea markets and auctions. For example, we found a vintage barber chair in New York, an antique mirror in Venice and Lalique vases in Antwerp. Luckily, we almost always have the same taste. Beforehand, my daughter Nisha who studied interior design creates a mood board so we know what we're looking for. Nisha accompanies the creative process and I focus on financing and property management.

Reality series like "Selling Sunset," which focus on luxury real estate, are currently attaining huge success. Why do you think that is?

Because the viewer feels like they are getting a glimpse into the life of high society. They are taken on tours and have a supposedly exclusive view through the keyhole. Those show formats have a high entertainment value but the viewer also gets good ideas about what his own dream house could look like.

How much do such shows have to do with reality?

Not much. Reality looks very different in the top league of the super-rich, but we'll probably never get to see that on TV. I can hardly imagine that Elon Musk, Jeff Bezos or Bill Gates would have filming done at their homes.

Your own dream house is walking distance from the border of Monaco and is called “Villa Monaco". It’s an exclusive luxury hideaway that is often rented especially by famous celebrities. What do your guests appreciate the most?

I think it’s a mix. Of course one of the main reasons is that you can see the sea from every room. The stunning views over the blue Côte d’Azur. That's how you wake up everyday in a good mood and as for the furnishings, it's a mix of designer furniture and art deco antiques. Each piece shares its own story. Villa Monaco  has a very elegant and classy look and is not too opulent. It’s a home and not simply a house.

Mediocre or ordinary villas are probably not your thing?

No, I'm always looking for something special - that rare jewel that I can awaken from its slumber.

Together with your daughter Nisha you are also hosting a very successful German podcast called "Homestory". How did you come up with the idea?

We are often invited to homes of our celebrity friends and many of them have stunning homes that were not shown in the media. Of course we respect their privacy and don’t make photos of their homes but they allow us to talk about their homes. 

Why the Homestory Podcast? Do you think you can learn a lot about a person from their home?

A very clear YES! That’s why the podcast. Questions about the home and how the guests design their living spaces. When I take a peek into someone’s private space, questions automatically arise in my mind.

In every corner, every drawer and every closet, there are items that tell stories and say a lot about how we live. Where do we come from? What gives us comfort? What do we value most? And what do we dream about

How did you grow up yourself?

I lived with my parents in London, Rotterdam, Athens and France, sometimes in houses and sometimes in apartments. How big the house was was never important to me as a child, the main thing was that the family was together and we had fun. My parents were great hosts, the house was always full of guests. It's the same with me and my daughters now. As long as I get to have my family and my favourite people around me, I am privileged and grateful. That, to me, is pure luxury.

You worked as an actress for a long time. Do you sometimes miss that today?

No, because I'm now a producer, director and actress all in one - but not in film, but in my real estate projects. I have created new theater stages for myself with my construction sites, which I direct. I was never afraid of responsibilities and I enjoy the privilege that I can make my own decisions. And what can I say? I love it!

Villa Monaco is a Club Vivanova Platinum Partner

New Year Greetings from Savills Monaco - A Showcase of the Columbus Residence

Savills Monaco wishes you all a very Happy New Year: the Wood Dragon year which brings evolution, abundance and improvement apparently - so an ideal year to think about a change of residence! We are looking forward to seeing the landscape of Monaco evolve in 2024 with the completion of both Mareterra and Bay House: the Principality is set to welcome more new residents and will witness the termination of a new resort style area with Mareterra’s green space flowing through into the Larvotto beach. 

We remain ready to help with rentals and sales. We will be continuing to market exclusively the serviced apartments in the Columbus Residence: these have proved very popular since they were created and have weathered well even lockdown storms. The studios are an ideal pied à terre for people starting off life here, or students studying here, and there is some availability. Please contact us to know more.

 Otherwise, we are very happy to have some interesting off market sale instructions to offer: from large penthouses to renovate, to other options in good central residences. Again, please contact us to know more.

Monaco continues to lure, a safe haven in a turbulent world: we look forward to seeing you during 2024 and to new adventures on the real estate front!

Savills Monaco Website

L’e Marquis Luxury Property Rental Guide - La Bastide Saint Tropez - Nestled in the Heart of a Wine Estate

L’e Marquis Property Guide - La Bastide Saint Tropez - Nestled in the Heart of a Wine Estate
La Bastide is a unique domain nestled in the heart of a lush 230-hectare wine estate, just a 15-minute drive from St Tropez.

This beautiful Provencal Bastide consists of the main house, a small house and an independent apartment, which can be rented together or separately. The Bastide has sole use of the swimming pool when rented on its own.

Close to nature, you can combine oenological discoveries coupled with the beauty of the landscapes, while discovering the most beautiful treasures of the region, just a few minutes from the picturesque villages of Gassin & Ramatuelle, the beaches of Pampelonne and mythical Saint-Tropez.

There is accommodation for up to twenty guests when the whole estate is occupied and there is a private helipad on site too.  Concierge and maid service is included and a Chef and Butler are available on request.

La Bastide

The ground floor has an open-plan dining room, kitchen and living room with a fireplace. On the other side of the property, with large bay windows overlooking the wine estate, there is a spacious lounge with fireplace and bread oven, seating and a large dining table. There is also an office, cellar, a double bedroom with an en-suite shower room and independent access suitable for disabled persons, and a kitchenette.

On the first floor, there are four double bedrooms with en-suite shower, one with independent access, and a laundry. The second floor has a Master bedroom with en-suite shower and dressing room.

There is also an independent pool house with a sitting area and dining bar, a small kitchen with a hob, fridge and ice-making machine. At the lower level, there is a shower room, changing room, WC and sauna. The main house accommodates up to 12 guests

The Guest House

This consists of two suites with a bathroom, an open-plan kitchen, living room equipped with a flat-screen TV and WIFI. The house has a separate terrace and garden. Suitable for 4 guests.

The Apartment

The separate apartment consists of two bedrooms with king king-size bed, flat-screen TV and high-speed WI-FI. Two bathrooms with a walk-in shower and toilet. There is an open-plan living room and TV area, with a fully equipped kitchen. The outdoor terrace is furnished with a table and chairs for lunch and dinner al fresco. Garden area with loungers.  Maximum occupancy 4 guests.

When you book your stay with us, no request is too extravagant. La Bastide - St Tropez Luxury exemplifies our commitment to delivering the same lavish lifestyle service in all our destinations.

Website

Experience the Tranquility of Augustus’ Secret - a Hidden Gem in Saint-Rémy-de-Provence

Augustus’ Secret

A stone’s throw from the centre of Saint-Rémy-de-Provence this gem of a property is one of the town’s best kept secrets.  Situated out of sight within a closed landscape garden of 2ha, this extraordinary farmhouse was entirely renovated in 2022, using the highest-quality materials. The house comprises spacious living areas and five large suites, one of which is completely independent of the main house.  All the rooms on the ground floor offer access to the garden. There is also a studio independent from the main house with bedroom, shower room and lounge area.

Saint-Rémy-de-Provence (often called St Rémy) is a very quaint town in the Apilles. Steeped in history this medieval village has its own Arc de Triomphe, Mausolée des Antiques and the Monastery Saint Paul de Mausole, along with chic restaurants, lots of tempting boutiques and a charming pedestrian-friendly centre.

Vincent van Gogh arrived in Saint-Rémy-de-Provence on 8 May 1889 after suffering a major mental crisis in which he cut off his earlobe. Arriving from Arles, he voluntarily committed himself to Saint-Paul de Mausole psychiatric hospital and stayed there for a year, until May 1890. It was in his  hospital room that he experienced the major period in his life as an artist, and produced almost 150 paintings and numerous drawings, including ‘The Starry Night’, ‘The Almond Tree Branch in Bloom’ and ‘The Iris’.

Le Marquis Luxury Lifestyle has the finest properties in Provence and the South of France. Book your stay with us and experience our superb concierge service, we guarantee you won’t be disappointed.

Link to more information

Join Savills Spotlight on Monaco 2023 Webinar - A Booming Residential Property Market

Join Savills Spotlight on Monaco 2023 Webinar - A Booming Residential Property Market

Monaco has long been a favoured destination of the world’s wealthiest, thanks to its political and economic stability, favourable fiscal environment, and excellent climate and quality of life. In our latest Spotlight: Monaco – 2023 report, we explore how this long-standing appeal has contributed to a booming residential property market over the past decade and beyond, uncovering recent price and rental movements, the growing new-build market, and what we predict for the Monaco property market.

Download the report here.

Interested in finding out more?
Join our webinar on Tuesday 4 April where our panel of property experts take at look at how the Monaco market performed in Monaco over 2022 and what we can expect in 2023. We will also welcome a guest speaker, Birgitta Bondonno, who will discuss everything you need to know about taxation, if you’re considering moving to Monaco.Interested in finding out more?

Sign up via this link.

Lorenza von Stein Worldwide Realty - Prime Position Port Hercule Renovated Apartment Now Available for Purchase

Located in prime position in the Port Hercule, offering a panoramic sea view looking out to the Port and the Mediterranean sea, this stunning two bedroom apartment has been renovated and designed to perfection.

As you walk through the entrance hall, enter into a bright and stylish open-plan living space, perfectly designed for entertaining. The main room features a generous lounging area to one side, as well as a beautifully crafter bar area, lined with genuine brown marble, a dining table seating 4, as well as a spacious open plan kitchen area, equipped with Miele appliances & a separate island, offering more seating possibilities.

The living area's flawless aesthetic is curated by the backdrop of the views overlooking the Port area, while a spacious terrace offers a direct view of the starting line of the Grand-Prix.

The property features two bedrooms. A spacious master bedroom, with ensuite shower room, and a generous ensuite dressing area. And a second bedroom with ensuite shower room and an abundance of closet space. Both bathrooms in the property benefit from under-floor heating.

All in all, the apartment has been stylishly finished with the highest quality materials and with a great attention to detail, and is presented throughout with a combination of custom-made and designer furniture with original artwork and mood lighting.

The apartment is composed as follows: an entry hall, a double living and dining area with a fully equipped kitchen, a master bedroom with an ensuite bathroom and dressing area, a second bedroom with an ensuite bathroom and built in storage space, a guest toilet, and a large terrace overlooking the Port Hercules.

Apartment is sold with 1 cellar in the building.

The apartment has been fully equipped with a Sonos surround system, as well as a mood lighting system by Lutron.

Parking for the apartment is available for sale separately by the owner in the nearby Panorama building.  There is one single open space and a box with parking for 2 cars - price on application

For additional information regarding the property, including a video & virtual tour of the property, you may consult the website.

Lorenza von Stein Worldwide Realty
47, boulevard du Jardin Exotique
MC 98000  MONACO
Tel : + 377 97 97 02 77
Email

Blevins Franks Financial Tips - Is it Time to Consider Downsizing your Home?

There are various financial benefits to moving to a smaller property. With careful planning you could unlock retirement funds and potentially tax-efficient income, while still leaving your family and heirs a lasting legacy. France offers fantastic property opportunities in outstanding surroundings, so it is unsurprising that many Britons choose to retire to their own place on the Riviera.

Whether you buy your main home here or just for somewhere to holiday, property may be your biggest asset, with the potential to provide a substantial return on your initial investment over time. For many, their home is also a legacy to help secure the financial future of children and other heirs.

However, there are risks in relying on bricks and mortar for your wealth. After all, you cannot fully realise the financial benefits of a property while you are still living in it. Compared to other investments, property can also prove very costly to maintain.

Size does matter

Generally, the larger the property, the more expensive the running costs. Mortgage payments, rates, utility bills, plus building and maintenance expenses can all add up to generate a relatively high ongoing burden. If you are retired with a reduced or limited income, this can be especially draining on your resources, particularly if you own more than one property.

Affording retirement

With today’s increased life expectancy, you may need your existing wealth to stretch to ten, twenty, or even thirty plus years in retirement. Are your pensions, savings and investments on track to sustain the lifestyle you want for as long as you need? Are they structured to protect you from long-term inflation and provide the increased income you may need in the future as the cost of living rises?

Many people find themselves in an ‘asset rich, cash poor’ situation, owning considerable physical wealth such as property but with substantially less disposable income. Expatriates in particular tend to hold on to UK property in addition to their French home.

While property can be a solid investment, it locks your money away in a highly illiquid way. If you want access to your capital, you may not be able to sell easily, nor for the right price. Also, there is risk in tying your funds up in one asset class – if the value of property drops, so does your investment. 

Property offers potential leveraging opportunities – such as freeing up cash through equity release if this is available – but like any debt arrangement, this comes with costs and risks. For retirees looking to shed debt and leave something behind for children and grandchildren, more borrowing is not the answer.

Benefits of reinvesting your capital

Downsizing property can help increase your accessible wealth, but it needn’t be a compromise when it comes to investment growth. By reinvesting in suitable investment funds, for example, you can still invest in real estate but alongside other assets (equities, bonds etc.) to reduce risk through diversification. And, unlike immoveable property, if you require small amounts of cash you can just sell the amount you need, not the whole investment.

A specialist adviser can help you explore investment arrangements that suit your particular circumstances, goals and risk appetite while being tax-efficient for France. You could also unlock other benefits that property cannot offer, such as a regular income and currency flexibility.

When it comes to estate planning too, there are more opportunities to reduce succession tax for your heirs on investment capital than with real estate.

Reducing taxation

Wherever your home is, charges such as stamp duty and capital gains tax generally increase with the property’s price tag. Higher-value homes can also tip you over the threshold for wealth tax, where applicable, as well as increasing the inheritance tax bill for your heirs.

In France, owning real estate assets worth over €1.3 million attracts annual wealth taxes of between 0.5% and 1.5% (over an €800,000 allowance). For French residents, this applies to worldwide real estate, including UK property.   Since 2018, wealth tax no longer applies to capital investments, which is a considerable tax advantage over property.  

Wealth tax rates seem relatively low, but when applied to property values this can add thousands to your tax bill. By reducing the amount of tax payable, you can make your money go further in your lifetime and maximise the value of your legacy.

Ultimately, while you want to make sure your family are looked after when you are gone, do not forget your own needs. Take personalised, cross-border advice to establish an investment and estate planning strategy that can secure a secure retirement for you in France today and a lasting legacy for future heirs.

Tax rates, scope and reliefs may change. Any statements concerning taxation are based upon our understanding of current taxation laws and practices which are subject to change. Tax information has been summarised; individuals should seek personalised advice.

Blevins Franks Group is represented in France by the following companies:  Blevins Franks Wealth Management Limited (BFWML) and Blevins Franks France SASU (BFF). BFWML is authorised and regulated by the Malta Financial Services Authority, registered number C 92917. Authorised to conduct investment services under the Investment Services Act and authorised to carry out insurance intermediary activities under the Insurance Distribution Act. Where advice is provided outside of Malta via the Insurance Distribution Directive or the Markets in Financial Instruments Directive II, the applicable regulatory system differs in some respects from that of Malta. BFWML also provides taxation advice; its tax advisers are fully qualified tax specialists.  Blevins Franks France SASU (BFF), is registered with ORIAS, registered number 07 027 475, and authorised as ‘Conseil en Investissements Financiers’ and ‘Courtiers d’Assurance’ Category B (register can be consulted on www.orias.fr). Member of ANACOFI-CIF. BFF’s registered office: 1 rue Pablo Neruda, 33140 Villenave d’Ornon – RCS BX 498 800 465 APE 6622Z.  Garantie Financière et Assurance de Responsabilité Civile Professionnelle conformes aux articles L 541-3 du Code Monétaire et Financier and L512-6 and 512-7 du Code des Assurances (assureur MMA). Blevins Franks Trustees Limited is authorised and regulated by the Malta Financial Services Authority for the administration of retirement schemes. This promotion has been approved and issued by BFWML. 

You can find other financial advisory articles by visiting our website here .

Savills Spotlight - Monaco Property Market Reaches New Highs as Principality Continues its Covid-19 Recovery

For the first time the average property price in the Principality has crossed the €50,000 per square metre threshold, firmly cementing Monaco as the most expensive location to purchase residential property globally. This is a 9% increase from 2020 and a 74% increase over the decade.

REACHING NEW HIGHS

Average prices in the Principality have topped €50,000 per square metre for the first time

As the world learns to live with Covid-19, business continues apace in Monaco. The Principality has managed the pandemic well, and at the time of writing, has begun to ease its health measures in concert with falling infection rates. This has contributed to a bumper year for the property market within the Principality, with the perceived stability boosting desirability and pushing prices to all-time highs.

For the first time the average property price in the Principality has crossed the €50,000 per square metre threshold, firmly cementing Monaco as the most expensive location to purchase residential property globally. This is a 9% increase from 2020 and a 74% increase over the decade.

Read the full report

Savills Monaco Property Blog - The Tiny City-State of Monaco is Expanding

The tiny city-state of Monaco is expanding – at least in terms of the choice of luxury homes on offer in this prestigious principality by the Mediterranean Sea. There are now more new residential schemes being constructed here than ever before and, in a buoyant market that remained relatively stable during the pandemic, we are seeing demand from a new kind of buyer.

With eyes firmly focused on new build, these buyers want to live in a modern building that offers exclusive services. Below are five developments that will be completing over the coming years.

Mareterra
Neighbourhood: Larvotto

The most requested new development is the eagerly anticipated Mareterra land extension. This exciting project will have 110 apartments and 10 luxury villas, some of which will be front line to the sea with uninterrupted views over the Mediterranean. Environmental factors are central to the design. There will be green parkland and open spaces allowing residents and visitors to feel connected with nature. Eco-friendly features include a rainwater recovery system and photovoltaic energy panels. Find out more

Bay House Monaco
Neighbourhood: Larvotto

Bay House is a new development in the ultra-exclusive Larvotto district of Monaco, an area that saw an average price per square metre in 2020 of €65,000. This development delivers on the new wave of high expectations for modern and luxurious services. Benefits for residents include outstanding sea views, a luxurious pool and wellness centre, concierge, dry cleaning, valet and more. Find out more

L’Exotique
Neighbourhood: Jardin Exotique

L’Exotique takes its name from the district Jardin Exotique located in the heights of the west side of Monaco, and has been designed by award-winning French architect/engineer Rudy Ricciotti, famous for the MUCEM museum in Marseille. It’s designed to be consistent with the natural Mediterranean backdrop, incorporating stone and wood throughout. Jardin Exotique has some of the best views in the principality and the building will also have a wellness centre, a heated swimming pool and plenty of underground parking. Find out more

Villa Palazzino
Neighbourhood: Monte-Carlo

Villa Palazzino is a new development coming soon to the famous beating heart of Monaco - Monte-Carlo, an area famous for world class shopping, hotels, restaurants and casinos. The building, which stays true to the beautiful bourgeoisie architecture found throughout the principality, comprises 19 luxury apartments and four town houses. Residents will benefit from a 24/7 concierge and security. The two penthouses will have access to an exclusive rooftop swimming pool. Find out more

Villa Portofino
Neighbourhood: Condamine

Villa Portofino, a name that conjures up Italian glamour, elegance and excellence, will offer exactly that to potential buyers in Monaco. The development has a fantastic location in the vibrant Condamine district which runs parallel to the dynamic Port Hercules and is ideally located for Monte-Carlo and Fontvieille. Emmanuel Deverini is the architect who has been instructed to create a timeless, chic new development that will fit in seamlessly with the area’s architectural backdrop. Find out more