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Wealthy Chinese buyers drawn to European castle estates, agents say Buyers are looking for privacy and space, says Lodovico Pignatti Morano, managing partner at Italy Sotheby’s International Realty Chinese buyers often look for a beautiful castle and a vineyard with a reputation, says Alexis Caquet of Engel & Volkers Paris ....
Wealthy Chinese buyers drawn to European castle estates, agents say Cheryl Arcibalcheryl.arcibal@scmp.com Investors looking to turn castles in Italy into investment properties typically acquire those that come with vineyards and fruit trees and make their own wine or olive oil on site to make a small profit. Photo: Handout European castle estates are proving to be popular trophy assets among wealthy investors, including those from mainland China, according to agents. While they have been made popular by films such as those by Disney, the coronavirus pandemic has amplified the need for privacy and extra space. Buyers are looking for privacy and space, and what better place to be isolated in than your very own castle, said Lodovico Pignatti Morano, managing partner at Italy Sotheby s International Realty. Given the circumstances last year, and with Covid-19, demand has definitely increased, he added. ....
House Hunting in Italy: A Tower North of Milan, South of $1 Million nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.
Decanter Property: Chianti wine ‘castle’ listed for sale at €14m A grand vineyard estate in the heart of Chianti wine country, boasting a winery, pool, draw-bridge and olive groves, has been listed for sale at €14m. Owning a vineyard among olive groves and cypress trees in Tuscany’s rolling hills has long been a dream for many wine lovers, and this historic Chianti wine property certainly looks the part from its listing. A medieval castle dominates the 118-hectare (ha) estate, which also includes 15.5ha of vineyards alongside 19 bedrooms in the property itself, plus 6ha of olive groves and stables. A swimming pool runs under a ‘draw-bridge’ to the main residence, according to the listing ....