300K Euros per square meter: this is the price for a house in Costa Smeralda, Sardinia. chosen as the most expensive location in Europe. The study has been released by the European luxury real estate brokerage Engel & Völkers and showed as the Romazzino Bay is the number residential address on the entire continent: the price is more than three times the $13K paid for an $88 million property in New York.
Luxury is the key word of this gold part of the island: in fact, because of the few available properties, the number of transactions is also low. At the same time, many rich people would like to invest in residential properties here. The word Romazzino comes from the local perfumed rosemary plant and it’s the name of one of the most beautiful beaches in Italy. It’s located in the Arzachena area and it’s sheltered from the wind, and its low waters make it good for families.
Also if you are looking for a hotel, you may want to be sure your credit card can afford it: the Presidential Suite at Hotel Cala di Volpe in Porto Cervo costs $26K per night, with three bedrooms, a solarium, a private pool and fitness area.