Luxury Real Estate Auctions – Cayman Islands Estate

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Casa Coyaba, “House of Paradise,” a tranquil Caribbean island estate with more than 19,000 square feet of indoor and outdoor living space on 210 feet of beachfront, will be sold at auction on November 3 without reserve, NYC-based luxury real estate auction firm Concierge Auctions has announced. Previously listed for $19.8 million, this impressive property […]

International Property Market – Back on Track?

Increasing Demand for Premium International Property It has been a nail biting few months for the British people with the general election and the start of a new political phase. Twinned with the World Cup, 2010 has already proved to be a dramatic year. With both of these events behind us (albeit in the voting, […]

Luxury Real Estate in Bulgaria : Are we there yet?

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Despite another drop in building permits being issued in the third quarter of 2009 – a few luxury housing starts have been announced in Bulgaria.It is all too easy to concentrate on a single market, but the global nature of the financial crisis is something to take into consideration when planning for the future. Q3 […]

Korean Tycoons Luxury Real Estate Under Investigation

Luxury condo in San Francisco to be snatched back by the Korean Tax Man?

An anonymous Korean government official said that the Korean Tax Bureau (NTS) will soon send two investigators from their Seoul office to the U.S., where they will look into suspected tax problems with the Hyosung family’s US luxury real estate purchases.If you are unfamiliar, the Hyosung family owns Hyosung motors and a number of other […]

Most Expensive Home in York Sold

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Despite ongoing problems further down the real estate tree, this month seems the month of the record sale price in the upper end of the market. Following on from the sale of the most expensive apartment in Asia (still no confirmation on which of the several price tags is correct), now a York luxury home […]

Luxury Home Foreclosures For Pennies On Dollars

The U.S. Housing crisis has created a huge inventory of bank-owned properties and homes entering the foreclosure process. As a home buyer this presents an unbelievable opportunity find a dream home for pennies on the dollar. However, buying foreclosures are tricky especially in the Luxury Home and Waterfront Property market. If you are not familiar […]

Luxury Villas Near St Tropez

One of the latest additions to the luxury property listing site is an unusual new development of “Bastide,” type villas overlooking the bay of St Tropez. A Bastide is a local Provencal name for a manor house. Originally, these manor houses were typically owned by a wealthy farmer, or in more recent times, from the […]

Marriott Pulls out of Fractional Ownerships

Marriott International has pulled out of all involvement with developing new luxury residential timeshares and fractional ownerships, as they have become recently with the bad press associated with time shares and will be writing down all properties under construction to the tune of $760 million. With financing still hard to come by and even the […]

Burj Dubai Delayed Again

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The Burj Dubai has been delayed once again, and rumors are now suggesting that the World’s tallest building will now open in December 2nd to commemorate UAE National day. The developer Emaar was only prepared to say that the building will be open, “this year,” when questioned. The 124th floor will now be an observation […]

Foreclosures on the increase for Luxury Homes

According to the Mortgage Bankers Association, delinquencies continued to climb, even in the luxury homes sector, with a new record being set since records began being kept, in 1972. And the disturbing fact is that these increases are being driven by prime loans. Jay Brinkmann, MBA’s Chief Economist said, While the rate of new foreclosures […]