UK Government Policy Likely To Increase Bank Repossessions

Over the last three months we have heard nothing but bad news concerning the UK recession and with the conservative/lib dem government’s economic blinkers firmly in position, it’s anticipated that there will be a much higher rate of bank repossessions in the future as we nose-dive into an almost certain double dip recession. Today’s reports […]

International Buyers want British Country Homes

British Country Home

British Buyers still want Holiday Properties Buyers interested in international properties are not only from the wealthy Gulf States looking to capitalise on exchange rates but also from UK residents who are may be looking for that tropical hideaway, mansion for sale, or simply out of frustration with the lack of supply in the home […]

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, […]

Toll Brothers CEO makes 50 million dollars and Two respected Chicago Firms Merge

Here is an interesting fact. Robert Toll, CEO of Toll Brothers Inc – the luxury home builder – has just sold 791,000 shares in the company after the share price jumped to around $23 following on from an upbeat report where Mr. Toll said, “We believe declining cancellations and more solid demand indicate that the […]

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 […]

Luxury Real Estate – Over Supply and Bad Banks

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The luxury real estate market is beginning to fully feel the effects of the global downturn, with yet more bad news coming from the financial services sector and over-supply becoming a major issue. Bad Banks The financial services sector continues to supply bad news. I know I keep harping on about this, but until we […]

Marin Luxury Home Sales and Median Price Fall in January, According to Coldwell Banker Residential Brokerage Report

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Marin County luxury home sales and the median sale price of million-dollar homes fell in January from a year ago, according to a new report by Coldwell Banker Residential Brokerage, the Bay Area’s leading provider of real estate services. Just 15 million-dollar homes sold in the county in January, down sharply from 45 sales in […]

Is Dubai’s Luxury Real Estate Market Finished?

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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 […]

Luxury property developers in Dubai and Abu Dhabi switching to Low Income Housing

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It appears that the luxury property developers in Dubai are finally beginning to come to terms with reality, and after months of press releases claiming that Dubai was immune to the global downturn are starting to change their tune. Prices for luxury property in Dubai “fell off a cliff” in the last quarter of 2008, […]