FOREIGN BUYERS CONTINUE TO SNAP UP US REAL ESTATE

August 28, 2008 Admin

Despite the faltering domestic markets in the UK and Europe, the weak Dollar is still keeping foreign buyers interested in US real estate, according to trade body the National Association of Realtors (NAR). Releasing the full findings from its 2008 NAR Profile of International Home Buying Activity, it found that business from overseas buyers kept agents in the country busy throughout last year, purchasing in every US state and territory, however at a somewhat smaller rate than last year. Of the 4,000 US-based agents surveyed between May 2007 – May 2008, some 26% served international clients in the past year … Continue reading FOREIGN BUYERS CONTINUE TO SNAP UP US REAL ESTATE

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OVER 12M RUSSIAN TOURISTS HEAD ABROAD IN 2008

August 28, 2008 Admin

Some 12,164,000 Russian tourists have travelled or booked to head abroad this year, with China (2.58m), Turkey (1.91m), Egypt (1.73m) and Finland (1.23m) the most visited destinations, according to the country’s largest insurance body Rosgosstrakh, which insures over 80% of all properties in Russia. Compiled by the Rosgosstrakh Centre of Strategic Studies, using Ministry of Tourism data, its own client information and various surveys, it released the figures last week providing a breakdown of the most popular overseas destinations visited by Russians in order of numbers visited and its forecast for growth over the next two years. Singapore, which only … Continue reading OVER 12M RUSSIAN TOURISTS HEAD ABROAD IN 2008

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A PLACE IN THE SUN LIVE EVENT TO ‘CO-LOCATE’ WITH IDEAL HOME SHOW

August 28, 2008 Admin

The Brooklands Group, organisers of the A Place in the Sun Live (APITSL) exhibitions, has announced that its Earls Court show, due to be held 3 – 5 October 2008, will now be run alongside the Ideal Home Show in April of next year. In a letter to existing and potential exhibitors, Brooklands Group CEO Darren Styles explained that the APITSL Earls Court will now be held between 3 – 5 April 2009 to coincide with the Ideal Home Show, the UK’s second largest consumer exhibition, which runs from 20 March – 13 April 2009. Styles said that “the opportunity … Continue reading A PLACE IN THE SUN LIVE EVENT TO ‘CO-LOCATE’ WITH IDEAL HOME SHOW

Market Data, Real Estate Investments1 Comment

WHAT IS THE MOST POPULAR LUXURY AGENCY BRAND?

August 28, 2008 Admin

High net-worth (HNW) individuals in the US rate Sotheby’s International Realty as the most prestigious real estate company in the world, according to the preliminary results of the 2008 Luxury Brand Status Index (LBSI) survey from independent ratings and review body the LuxuryInstitute.com. Respondents claimed that they would recommend Sotheby’s International Realty as they have “high-end properties”, “exclusive listings”, “great customer service”, and an “excellent reputation”. Christie’s Great Estates was rated a close second and the Corcoran Group third. “This year, even luxury real estate is starting to face major challenges,” said Milton Pedraza, CEO, the Luxury Institute. “In these … Continue reading WHAT IS THE MOST POPULAR LUXURY AGENCY BRAND?