Predicted Restraint on Confidence for 2011

london properties

The hesitant character that dominates current market sentiment will probably continue to restrain confidence in price growth for 2011. So for the time being, those wishing to sell are encouraged to price their property prudently and to be aware of the required essentials of preparing and presenting their property in order to increase their chances of […]

Multi-million dollar celebrity Australian beach house will sell at Auction

buffy slept here

This Gold Coast home, East Coast of Australia, has a good deal of celebrity provenance, including, Emmy award winner Sarah Michelle Geller, who stayed at the home during the filming of “Buffy the Vampire Slayer” and “Scooby Doo”. Other “A list” media celebrities have holidayed in the property which forms part of the colourful home […]

Luxury News from around the World

Melville House retains "Scotland's Most Expensive Foreclosure" Title

Luxury home construction in Brooklyn at a standstill; luxury home foreclosures attract the vultures, Russia’s luxury goods market dies a quick death; Luxury property portfolio goes to Auction in South Africa and Noho Square is sold at 66% off. As luxury home construction comes to a standstill in Brooklyn, owners are finding themselves living in […]

Is Dubai’s Luxury Real Estate Market Finished?

dubai_-_united_arabic_emirates-copy

There is no question that Dubai’s luxury real estate market is facing major issues at the moment, despite the constant denials and positive-spin press releases being issued, some developers are facing up to reality, and the number of canceled or delayed projects makes a mockery of announcements of new projects. Dubai would not have offered […]

England’s Most Expensive Property Hit By Credit Crunch

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Just a few short months ago, Sandbanks, an exclusive peninsula in Dorset had the fourth highest land value in the world. The main road was known as “Millionaire’s Row,” and in 2007 a small bungalow (one storey building) sold for £4 million. But times have changed and plots earmarked for lucrative new luxury developments are […]

Manhattan Luxury Real Estate Q4 2008 Report Shows Falling Prices and Increasing Inventory

According to the latest report from Miller Samuel’s “Manhattan Market Overview Q4 2008″ report, prices slipped as inventory increased in the Manhattan luxury real estate market. At the close of the prior quarter, there was significant turmoil in the financial markets and unprecedented intervention by federal government agencies. The bailout of Fannie Mae, Freddie Mac […]

Anne Erwin Sotheby’s International Realty has Successful 2008

Maine Coast estate listed by Anne Erwin Sotheby's International Realty

It is certainly good to see that not every agent had a disastrous 2008. Anne Erwin Sotheby’s International Realty participated in the majority of luxury home sales in the towns of York, Kittery, and Ogunquit in Maine in 2008. In 2008 there were 15 sales of properties listed at over $1 million in York, Kittery, […]

Predictions on the US and UK luxury property markets 2009

Gordon Brown says Britain's ecomomic woes come from America

The luxury property blog has already made it’s prediction for the luxury real estate market in 2009 – no recovery in the market until such times as the financial services sector recovers and becomes more accountable. So, this is a look at other people’s opinions and predictions for 2009. The Motley fool points out (rightly […]

The Chinese are Coming !

Los Angeles Traffic is Light compared to Beijing

Much seems to be being made of a recent Financial Times headline that suggests that Chinese investors are about to bailout the West Coast Luxury market. Luxury Clues took this as a sign that “certain parts of the national luxury market are in recovery. Investors from China, concerned about the instability of their own market, […]

Luxury Real Estate News – Credit Crunch Does Dallas, Myrtle Beach Developer Halves Staff, Toll Brothers Take More Write Downs, New Zealand Developer Drops Mega Hotel Project and Honda Pull Out of Formula One

Marina Terrace, Lake Wanaka is no more

Several projects in downtown Dallas have been canceled or work has stopped mid-flow as the credit crisis arrives in Dallas with a bang. Prescott Realty Group stopped work on the 22-storey “Heritage at the Stoneleigh,” condominium tower in Uptown near Maple Avenue when financing dried up part way through the project. Hillwood, the developer at […]