Saturday, March 14, 2015
Buyers of property in top markets like New York, London, Paris, Sydney come from all over the world. As people get more financially savvy and outlook becomes more global, they no longer limit potential investment to within their home country.
As such, developers are marketing their property abroad to potential foreign buyers. One of the most common ways is through property shows held at foreign countries. For the foreign buyer, here are 5 reasons why buying overseas property at these property shows is a bad idea.
Tuesday, February 24, 2015
Had the pleasure of speaking to Karla Palomo of Bloomberg for the Mexico/Latin America Bloomberg TV on foreigners investing in New York property.
Thursday, January 8, 2015
Two days ago, I created a chart showing the investment performance of New York apartments vs key stock indices. Business Insider picked it up, had an article about it and called it, "One Chart Explains Why Billionaires Are Investing In New York Apartments."
Yes, you'll have to click on the link to read the chart and article.
Sunday, January 4, 2015
New York Times calls 2015 The Year of the Condo as twice as many new condominium units are expected to hit the market. This gives buyers more choices and some pricing relief as competition among developers increases.
Thursday, January 1, 2015
My most memorable interview of 2014. Barely made it, had to run from Lexington to Fifth Ave because roads closed for Obama. Heart rate still up during the segment.
Friday, December 26, 2014
Thursday, December 18, 2014
When buying property in New York, a buyer's broker will identify the good deals, negotiate the best price and coordinate the whole purchase process. The buyer's broker represents the interest of the buyer and the fee is already built into the property price. Yes, this is a good deal.