A wine love affair

Vineyards in continental Europe are the new hot property to purchase
Vineyards in continental Europe are the new hot property to purchase
12 June 2018, LUXIMO'S Christie's

More and more property buyers have been purchasing a surprising new kind of typology – vineyards. Demand for vineyards has shot up in the past few years as more lifestyle buyers and wine connoisseurs buy into the romantic dream of owning and producing their own wines.

For many, the idea of buying a vineyard to create our own wine is a fantasy but it is increasingly becoming a reality, as shown by the rising demand for properties with vineyards in recent years.

Quinta Torre de Moncorvo – Douro | Vineyards by Christie's
Quinta Torre de Moncorvo – Douro | Vineyards by Christie's

Everyone who buys a vineyard has their own motives. For Hollywood celebrities, are the latest fashion accessory, with supermodel Kate Moss and actor Brad Pitt both owning hobby vineyards. For lifestyle buyers, it’s the view of slopes covered in vines that is most attractive, making a tranquil and pastoral panorama. For Chinese industrialists, a winery is often an economic asset. Ex-hedge fund managers and city workers seeking a change of pace use viniculture as a rewarding hobby, getting to drink the fruits of their labours at the end of the day. Whatever the reason, knowing where to buy a vineyard and how to run one is another matter entirely.

Most vineyard owners have a team that deals with production, leaving the fun element of enjoying sunny days among the vines and drinking the wine for themselves. Many wine estates boast beautiful rustic properties, and for many lifestyle purchasers it’s as much about the real estate investment as the full-bodied glass of red or white.

It’s true that it’s a big step, but by no means an impossible or impractical one. “Fine wine is a hot investment, whether as part of a portfolio or as an alternative type of investment,” says Carolyn Holmes, Associate Director & Senior Specialist of Christie’s Wine Department. “For some, owning a vineyard seems to be a step up – something glamorous, a move towards what may be an idyllic lifestyle for them, or a lifelong dream and passion.”
If you’re thinking of taking the plunge, you can contact LUXIMO’S Christie's International Real Estate for a selection of magnificent vineyards.

From the original article: www.christiesrealestate.com/wine-love-affair-buying-a-vineyard

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