The Dynamic House Boat Market Now Enters the Next Level with the German Company Stern Hausboot Massively Scaling Up House Boat Production in Denmark

Club Vivanova Corporate Partner Contrarian GmbH, advisor of Stern Hausboot, shares interesting news about the house boat market after achieving a first big milestone, the fundraising for the world’s first large scale house boat factory.

As there is a natural limitation of space for living along the coastlines, house boats are becoming more and more popular. Being overloaded with orders, Stern Hausboot decided to become the No1 house boat builder. Their knowledge about German and Danish marina opportunities like old military, industry and fishing marinas made the decision easy. One of the owners was previously long term CEO of Europes largest holiday house rental company NOVASOL and brings all the market-knowledge for the growth.

Contrarian was deeply involved in various fields, such as strategic business plan, successful pitch for Danish government funds and the factory planning. This way, Stern Hausboot managed to get hold of an existing large factory site in Orehoved Havn, Denmark, that is suitable for house boats and allows the massive scale up immediately.

First focussing on Germany and Denmark, Stern Hausboot are already observing Europe and contacting companies that are involved in touristic developments like holiday camps and marina restoration. For the first time, a sufficient house boat supply will be available, as other house boat builders are small scale companies, very often building one or two large and design driven one-off boats, or may be five mid-range boats per year. Stern Hausboot targets 90 per year. A further production in South Europe is in the scope as well.

Images courtesy of Stern Ferienhausboot Holding GmbH

The Winter Ski Edit: The Luxury Ski Chalets of Villa Almellina Estates in Limone

Located in the Italian Alps in the renowned ski resort of Limone, the luxury ski chalets of Villa Almellina Estates is an exclusive new build residential development project comprised of 10 beautiful new build ski chalets and a luxury boutique hotel. 

Villa Almellina Estates is situated at only a 5-minute walk to the village of Limone and ski slopes. These large luxury chalets boast stunning views of the surrounding mountains and come with private gardens and terraces to enjoy year-round. 

Built by and designed in partnership with renowned Italian builders Fantino Costruzioni, the chalets offer a traditional chalet inspiration with an exposed timber structure and are luxuriously balanced with contemporary style, finishes, and equipment.

All of the chalets offer complete private indoor SPA upgrades, heated ski lockers, wine storage, double car lockout garages, and home automation, which makes these beautiful chalets one of a kind in the Limone real estate market. 

Current Sales:
There are 3 chalets that are still available for sale, Holiday Home Grand Chalet no.2, Holiday Home Chalet no. 6, and Holiday Home Chalet no.2. Holiday Home Chalet no.2  is finished with our Premium Specifications and is sold fully furnished and equipped. 

Recently sold in the last part of 2021 were Chalet no. 3 and no. 4. The completion and delivery of Chalet no. 3 are scheduled for March, weather permitting. 

For Chalet no.4, we are approaching the building of the upper part of the chalet. Chalet no. 4 will be the first chalet in Villa Almellina Estates to feature an indoor swimming pool to accompany all the amenities of the private SPA area. 

Grand Chalet 1  was recently completed and delivered this past fall. This chalet featured a stunning private luxury indoor spa with a cold plunge tub, jacuzzi, steam room, sauna, and shower. After a day of skiing, this spa is pure heaven for soothing tired muscles and offers a wonderful and peaceful place to relax in the comfort of your own chalet.  

For further sales information or to schedule a private viewing in Limone or meeting in Monaco, please contact Luca Catalano.

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Monaco – the most expensive property market in the world

Monaco’s property market is the most expensive in the world, with demand for real estate of all types remaining high.

The exclusivity of Monaco is unparalleled. One of the smallest states on earth, only Vatican City is smaller by area, Monaco is home to more millionaires as a proportion of population than any other country, according to a report from WealthInsight.

Celebrities, titans of industry, aristocrats, and other global elites call the Principality home. Monaco’s appeal is far-reaching. Fine dining, luxury shopping, a sporting calendar which seems tailor-made for the global elite, an attractive fiscal regime for residents, its location on the Mediterranean, and history, all contribute to its international standing.

These factors mean that demand for real estate of all types is high, despite the recent Covid-19 pandemic. The residential property market remains the most expensive in the world and supply of new property is scarce. There are a number of new developments in the pipeline, such as the ambitious land reclamation project, Portier Cove, although these schemes are only expected to make a dent in the supply shortage.

Monaco remains the most expensive location for residential property with an average price per square metre of over €48,000. Within Monaco itself, the district of Monte Carlo is more expensive still with an average price of €53,000 per square metre.

Only values in Hong Kong come close to competing for the title of most expensive real estate. Monaco and Hong Kong are both severely constrained by available space and bolstered by their global reputations. Prime property in New York costs half as much as Monaco, while London and Paris cost 60% and 68% less respectively.

The market in 2019

The average sale price in Monaco in 2019 was €48,151 per square metre, 1.3% below the value recorded in 2018. This small fall follows prices seeing an exceptional rise of 18.1% the previous year as prices reached a high plateau.

Transaction volumes fell by 12% in 2019 versus 2018, driven by an 18% decline in sales of properties priced under €5m. This decline was caused by a drop in the number of one- and two-bedroom properties available for sale in comparison to 2018.

OUTLOOK

Resilience

Monaco punches well above its weight on the world stage with a profile in line with top-tier global cities. The diverse demand base means the Principality will remain a sought-after destination. Additionally, Monaco has proved to be relatively immune to political and economic instability, especially in light of Covid-19, and this resilience is forecast to continue to attract buyers and renters.

Development activity and prices

The global reputation of Monaco ensures that demand levels across the Principality outstrip supply in this space-constrained location. Going forward, though there are new developments in the pipeline, the promised new units are fewer than needed. These dynamics mean that prices, although the highest in the world, are expected to remain stable.

Amenities over views

As more towers are built across Monaco, properties which once had a sea view might be obstructed in the future. To counteract this, developers are prioritising amenities like pools, gyms, cinemas, spas, and parking garages.

Rental values

The outlook for the rental market is likely to be dependent on property size, as seen in 2019. As the Monegasque government examines residency applications more closely, it could become more difficult for couples and individuals to obtain residency through renting a smaller property, causing potential rental decreases for those sizes. However, we expect demand and rental values for larger properties to continue to increase.

Article by Irene Luke, Partner at Savills Monaco