- Greek, Spanish and Cyprus office launches buoyed by interest from Middle East investors due to strong cultural links, similar climate, quality of life, good air links, and value for money
- The Morocco office launch marks the brand’s first foray into the African continent
- The new offices will strengthen Chestertons’ global network and provide local expertise and advice for investors from the MENA region and the rest of the world
Dubai, United Arab Emirates: Chestertons, the leading international real estate services firm, has announced the expansion of its operations in Spain, Greece, Cyprus and Morocco through its global franchise model, addressing the interest in investing in property in the countries by British expats and investors from the Middle East region.
The franchise division, Chestertons Global Franchise Holdings Limited, which was launched in 2019, consists of real estate specialists providing a range of services to clients worldwide. The network is represented in 21 countries including those in the Middle East, Asia, UK, Europe and the Caribbean.
Nick Witty, Chief Executive Officer for Global Franchising, said: “The pandemic has provided the impetus for many people to reassess their lifestyle and how properties in different locations across the world might contribute towards a reimagined vision for the future. At the same time, travel restrictions and lockdowns have presented unprecedented challenges.
“The marketing, technological and brand heritage which we offer our partners has proved highly attractive, equipping them with the network and tools to enhance their services. The franchising model also offers local experts the chance to weather the storm and grow their businesses, with the backing of a global network of expertise and support.”
In Spain, Chestertons has partnered with Team España, which has over 20 years of property sales and investment experience in the country and will now be operating as Chestertons Costa del Sol. Led by Jack Cheshire and managed by Jamie Buss, the business is headquartered in Marbella, with the duo planning to expand the business across the Costa del Sol region over the course of the next three years.
“As a result of the popularity of Spain with the large British expat community in the region, combined with Middle Eastern investors who enjoy the strong cultural links, similar climate, relaxed pace of life, good flight connections and excellent value for money, there is a clear need to have the expertise on the ground to facilitate the interest and demand we are experiencing,” said Witty.
Chestertons will also represent some of the most prestigious beachfront properties, private estates and development land on the Greek islands of Corfu, Paxos, Lefkada, Ithaca, Kefalonia and Zakynthos. Investors will be able to tap into the vast knowledge and expertise of the Chestertons Ionian team, who have a wealth of experience matching investors with their ideal property.
Greece is another popular destination for investors from this region thanks to its Citizen by Investment Programme (CIP). Residency can be granted with a real estate investment of €250,000 (AED1.03 million) within 10 days of purchase. Holders have access to education and healthcare in, as well as the ability to start a business.
In Morroco, JK Real Estate, an established estate agency business specialising in new homes, has joined Chestertons luxury real estate network and will now be operating as Chestertons Morocco.
The launch marks the first Chestertons office to open on the African continent and based in Morocco’s capital city Rabat. The remit will include the marketing of exclusive properties, including luxury newly built apartments and villas in the country’s major cities Casablanca, Marrakech and Tangier.
These include the Fairmont Residences Royal Palm Marrakech. The luxury development, serviced by Fairmont, is home to 19 villas, a world-class golf course and stunning views of the Atlas Mountains.
The Chestertons Cyprus office, which is the most recent franchise to be added to the expanding global network, is expected to prove popular with the Middle East market with a plethora of opulent properties and golden visa program through real estate investment.
“Buying property as an overseas investor can be a daunting prospect. However, the local knowledge we are adding to the Chestertons network means we are exceptionally well placed to support clients as the world moves towards opening up, but it also means we have a more resilient business,” added Witty
“Building on the impressive growth seen so far over the last year, our franchise offering is attracting interest from across Asia, the Americas and additional European locations. We continue to be on the lookout for like-minded partners that can share in our brand, technology and extensive international network,” he concluded.
Franchisees of the global business benefit from Chestertons’ best in class reputation and from the business’ close-knit network that shares referrals, global best practice, and new developments within the industry. The company has invested heavily in PropTech as the real estate landscape has evolved, equipping current and future franchisees with innovative solutions to drive lead generation and additional value to agents.
A full list of properties can be found on http://www.chestertons.com. However, a sample of the properties available can be seen below.
Fairmont Residences Royal Palm Marrakech
A stone throw from the resort’s 18-hole golf course and prestigious country club, this two-suite villa offers a stylish and a secluded home from home, an idyllic holiday or second home residence for golf and nature lovers alike. The compact design, already a best-seller within the Royal Palm Marrakech resort, offers alfresco living at its best.
The open plan kitchen and stylish living room lead out onto a spacious decking area with a large swimming pool. The villa’s private, walled garden is home to lush agaves, olive and palm trees.
Prices start from AED3.48 million.
Villa Paskalya is ideally situated on the North East Coast of Corfu, close to Kassiopi and a short stroll to the tavernas and beack of Avlaki Bay.
This five-bedroom villa is positioned within very close proximity to the sea and is one of four luxury villas located on a private and exclusive estate.
The land around the property is flat and has been cleverly incorporated to create great external space, with one incredibly spacious main terrace and wonderful landscaped gardens
Luxury three-bedroom penthouse in the Los Almendros phase of the Palp Alto community situated in Ojen, Marbella. Set in the hills overlooking Marbella, Palo Alto is just a 10-minute drive to the beaches, bars and restaurants along Marbella’s famous Golden Mile.
As well as a large open plan living space complete with custom bar, this south/southeast facing penthouse offers spectacular views of the Mediterranean Sea and rolling Andalusian hills from its elevated position.
Prices start from AED6.1 million.
Chestertons MENA offers a full range of property services, including residential and commercial sales and leasing, investment agency services together with property management, strategic consulting and valuation services. In addition, Chestertons MENA has a very active international sales division, specialising in the sale of prime, off-plan and completed, central London apartments and houses to investors from across the entire MENA region with 34 offices across the UK capital.
With over 200 years of experience, Chestertons is one of the leading international property consultancy firms, in addition to one of the biggest networks of branches in London, Chestertons also has offices throughout Europe, reaching Australia and Singapore and a burgeoning Middle East network with offices in Abu Dhabi, Bahrain, and Dubai.