Archive | International Real Estate
Taking A Lesson From Red Adair By Patricia Tan What has the renowned oil well firefighter, Red Adair, got to do with the world of international real estate? Read on! As we welcome winter visitors to our balmy, sunny shores, we hope they will stay a while and enjoy the Florida lifestyle. Many will enjoy it so much that they will look to purchase a home they can use for future vacations or retirement, taking advantage of bargain prices and low mortgage rates. A large proportion of those visitors will be from other countries – Canada, United Kingdom, Germany and […]
Tips For International Buyers Of Real Estate By Patricia Tan In recent weeks I have worked with people from several countries who purchased homes here. Their motivations to purchase a property were different, the kind of homes they preferred were diverse, and their budgets varied widely. The buyers also came from different parts of the world, so there were cultural and language considerations when dealing with them too. However, it did strike me that there were many similarities in the questions they asked and the amount of information they required before they felt comfortable making a decision to purchase property […]
Go Global – Citizens of the World… Bridging The Cultural Divide By Patricia Tan I recently returned from marketing trips to the United Kingdom and China – two very different countries and cultures, I think you will agree. In the many hours of plane-sitting I endured, I had time to reflect upon the ways in which we work to bridge the divide that different cultures and languages often bring to us in international business situations. “Two nations separated by a common language” is how George Bernard Shaw described the U.S.A. and U.K. It is easy to assume that, as we […]
Go Global International Buyers By The Numbers By Patricia Tan Regular readers will be familiar with my fascination with numbers and statistics. As a real estate professional working to bring overseas investors, immigrants, retirees and part time residents to Florida I am always interested in statistics about international buyers in our market. I had occasion recently to revisit a report published by the National Association of REALTORS® (NAR) earlier this year, and thought I would share some of their findings here. The Profile of International Home Buyers in Florida is the result of research carried out by the NAR on […]
Go Global International Retirement Destinations By Patricia Tan Ask any American where they plan to retire to, and you might expect to hear Florida or Arizona. You might be surprised however, at the many different answers you will hear today. A growing number of Americans are becoming disenchanted with the thought of retiring to a warm and sunny location in U.S.A. Many are looking at alternative destinations outside the country – some driven by politics, some driven by economic reality, and some wooed by the thought of a better lifestyle at a fraction of the cost. Baby boomers and affluent […]
The International Buyer And Currency Exchange – A Predictable Trend? By Laura McLoughlin The anticipated report ‘The 2010 NAR Profile of International Home Buying Activity’ has just been released and provides interesting reading. Anyone involved in the real estate market over the past couple of years would probably have been looking to diversify their service offering and marketing efforts given the slow down in the housing market and general economic conditions. More and more real estate professionals looked globally, recognizing that ‘foreign nationals’ represented a big market share. The National Association of Realtors also recognized the buying power of non-residents […]
Go Global Dubai, The Pearl Of The Persian Gulf By Patricia Tan As a real estate professional working to bring overseas investors, retirees and part time residents to Florida I find competition for those investment dollars coming from many other parts of the globe. The world today is indeed very small, as the saying goes. In recent months, my attention was drawn to find out more about real estate in Dubai, as it came up in conversations with clients from Europe in particular. Some had already invested there, spent vacations there or were anticipating some property bargains becoming available in […]
Go Global The Truth About Foreclosures, Bargain Priced Property And The Loonie! By Patricia Tan Florida is now acknowledged in international circles as THE place to buy real estate. There is growing evidence that the prices in many parts of our state have bottomed and started on the road to recovery, but buyers are still hesitant and search for data to support a buying decision. One key indicator that many buyers research is the number of foreclosures in a market. Another deluge of foreclosed properties will surely mean prices will drop further, right? Many investors look to the press for […]
Go Global – Brazil, The Land of Opportunity? By Patricia Tan We hear much talk today of the global economy and the growing role of the BRIC countries – Brazil, Russia, India and China. The term BRIC was first used in a Goldman Sachs report in 2003, which speculated that by 2050 these four economies would be wealthier than most of the current major economic powers. Of the four countries, we probably see and hear more of Brazil, here in Florida. Brazil covers nearly half of South America, is the continent’s largest nation and the only South American country whose […]
Go Global – Go Fractional By Patricia Tan There is a growing trend in the international real estate market towards fractional ownership. The global recession undoubtedly influenced this growth, by causing many people to stop and consider their financial position and formulate new strategies for fiscal management and wealth preservation. In recent years there had been a tendency for those who could afford it, to buy not just a second home, but a third or fourth home around the world, to meet their lifestyle needs. It would not be unusual for someone to have a loft in New York to […]
Go Global The Changing Face of the International Real Estate Investor By Patricia Tan Overseas purchasers of Florida real estate are attracted to our shores by many of the same things that draw people from the northern U.S.A. and Canada. Our reputation as the Sunshine State, beautiful beaches, availability of outdoor activities and water sports and relatively low cost of living have continued to entice retirees and buyers of second homes to invest in our real estate market. We have however, in the course of our international marketing activities over the last year, seen some significant changes in the profile […]
Go Global – Retiring To Florida? This may not be as easy as you think! By Patricia Tan Despite some migrations northward, Florida still enjoys a reputation as THE place to retire. Retirees are drawn to the Florida lifestyle. The ability to lead an active, outdoor life year round, take advantage of our beaches and cultural attractions and of course enjoy the tax advantages we offer, are all key considerations when someone decides upon their retirement destination. However, if the retiree is not a U.S. citizen or green card holder, the decision to spend their later years in the sunshine […]
Go Global Government and Politics – Their Role In International Real Estate By Patricia Tan During a recent real estate conference in England, I had the opportunity to meet the Panamanian ambassador to U.K. and to hear him speak on the Panamanian real estate market. The occasion gave me cause to reflect on the role that governments play in their real estate markets, and how their policies and practices can influence the thoughts of international investors. The downturn in the American real estate market over recent years has given us cause to reflect upon the ways in which government policies […]
Go Global Language as the Key to Success in International Business By Patricia Tan Gledelig Jul Buon Natale Boze Narodzenie Joyeux Noel Rozdjestvom Hristovim Feliz Natal Frohliche Weihnachten Happy Christmas Prettige Kerstdagen Vesele Vanoce God Jul Many of us know how to give holiday greetings in at least one other language, whether from our own family heritage, because we have friend or family member from another country or through commercial and musical influences. But how many of us can recognize every language at the top of this page? Communication is key to a successful business transaction, and good communication can […]
Go Global – Why Florida? Why Now? By Patricia Tan I just returned from a marketing trip to U.K. and I will be back there again later this month. Typically these trips consist of us taking a booth at an international property show and/or holding seminars that talk about investing in Florida real estate, or emigrating to USA. It is a wonderful opportunity for me to meet lots of consumers and partners in those markets and understand how they view Florida and more particularly perhaps, their perception of our very own Gulf Coast. I was encouraged by the large number […]
Monday, March 14, 2011
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