Defaults in the Luxury Real Estate Sector Rise

Defaults on $1 million+ Mc Mansions exceed national rates

We all knew it was coming, but that does not make things any more palatable. If any luxury real estate agents were wondering where the next big thing in luxury real estate marketing was – it is short sales. Mortgages over $1 million on McMansions across the country are beginning to default faster than the […]

Shanghai Luxury Property – The Only Market Immune to the Financial Crisis

Shanghai Luxury Property Immune to Downturn?

According to an “expert” in Shanghai, the luxury real estate sector in Shanghai will be the only market in the world that will continue to grow in value this year. Despite the fact that Hong Kong luxury real estate has seen massive falls in value, Dubai’s luxury market has all but collapsed and in 2008, […]

Luxury Property News – Indian luxury real estate developers go down-market, Cityscape Dubai attracts thousands of investors, U.S millionaires choose timeshares over mansions

Dwindling demand, rising interest rates and high inflation means many well-known Indian luxury property developers are shifting their focus down-market in major Indian property markets. “Affordable housing,” is becoming the new “luxury.” Key real estate players like DLF, Ansal API, Omaxe, Unitech, Puravankara, Matheran Realty, Indu Projects, Shriram Properties, Jain Heights & Structures, Shapoorji Pallonji […]

Luxury Real Estate in India – Donald Trump Junior Shows Faith

Donald Trump Jr.

Late last November, Donald Trump Jr. – the son of the brash American real estate tycoon and reality-TV star – appeared at the high-profile Cityscape India 2007 real estate conference in Mumbai to give a speech on the subcontinent’s booming property market. Trump, the executive vice president of development and acquisitions at New York-based Trump […]

Luxury Real Estate in New York – New Boutique Condo Development launched into weak market

Manhattan Skyline, New York

It would appear that the luxury real estate sector in Manhattan is propping up the rest of the New York market, which is showing signs of stress Barron’s reported recently that: Signs of cracks in Manhattan’s property market could mean the rest of the country is on the road to recovery, since New York tends […]

Luxury Real Estate Investment Developments in Dubai

Any one looking through the recent announcements of world-wide luxury property investment developments could be forgiven for thinking that Dubai is the only country in the World still building new projects, and it is fair to say that Dubai appears to have plenty of room left for more. This is some of the most recent […]

Madrid International Real Estate Exhibition

SIMA08, the biggest real estate exhibition in the world, kicks off next week, April 8-12th in Madrid, Spain. Top of the discussion list will probably be the disastrous state of the Spanish real estate industry, but this year’s exhibition will be split into several sections in an enormous exhibition area. This year includes: SIMATUR, International […]

Luxury Yacht manufacturer moves ashore in Dubai

One of the world’s leading luxury yacht manufacturers, Ferretti Group, has just announced a partnership with ACI Real Estate to build a shoreline property in Dubai. The $1.6 billion project, named “Marine Legend” at Nakheel’s Dubai Waterfront will be the first real estate venture for Ferretti. Chief Executive Officer of the Ferretti Group, Mr. Vincenzo […]

Why is Luxury Real Estate different from other real estate ?

Unless you have been living in a cave in Afghanistan for the last several years, it will not have escaped your attention that the property market in the USA is “having a few issues.” Record foreclosures, new laws being written in seconds and changes being made to the IRS rules – all to deal with […]