News and Notes
In France, New Brand Launches in France and Monaco
Paris, France — Coldwell Banker France and Monaco officially launched its brand in France on Oct. 11 at a star-studded event. Laurent Demeure, President and CEO of Coldwell Banker France and Monaco, said it was an honor to guide the century-old brand in France and Monaco.Real estate in France and Monaco is attractive, and remains a stable investment for investors around the world. According to the latest Wealth Report from Knight Frank and Citi Private Bank, France and Monaco have six of the 10 most expensive cities in the world, when ranking real estate pricing by cost per square meter.
You can find Coldwell Banker France and Monaco’s collection on www.coldwellbanker.fr and
www.coldwellbankerpreviews.fr
In the Southeast, A Positive Outlook for Central Florida Real Estate
Orlando, Fla. — An amenity-rich lifestyle, unbeatable climate and good values continue to attract buyers here, according to Carol Ann Hewitt, president/founder of Oxford Realty International Luxury & Estate Brokers.Central Florida living is family-oriented; not seasonal, Hewitt says. Aside from the attractions at Disney World, one can escape from Orlando to the Gulf of Mexico or Atlantic Coast beaches in only about one hour.
There is an abundance of undeveloped land, which guarantees growth potential. Hewitt also has seen an increase in foreign buyers paying cash, even in the upper tier of the market.
Within the next five years, the Orlando area is projected to see a 16-percent increase in growth and a 21.55-percent increase in private sector employment, as well as a 22.02-percent increase in per capita income, Hewitt says.
In Canada, New Luxury Hotel Reaches Record Prices
Victoria, British Columbia — New sales heights are being set here thanks to the developers of the newly renovated Oak Bay Beach Hotel, a $52 million oceanside endeavor with private residences averaging at least $1,300 per square foot.Eight of the iconic hotel’s 20 private residences and 48 investment/vacation hotel suites already have been sold. The hotel is set to open its doors in the spring of 2012, at a gala to be held in partnership with the David Foster Foundation, an organization that provides financial support to Canadian families with children in need of lifesaving organ transplants.
“We’ve had great success in selling these units — a testament that speaks to the appetite for luxury hotel living in the Pacific Northwest,” says Kevin Walker, owner and developer of Oak Bay Beach Hotel.
In the Northeast, Maine’s Coastland Experiences Overflow of Sales
Portland, Maine — LandVest, a luxury real estate company with multiple offices serving the Northeast, released statistics depicting the overall rise in sales for the entire state of Maine. John Saint-Amour of LandVest’s Portland office reports that since Jan. 1, there have been 15 sales—seven of which LandVest sold—at $2 million and over.John Scribner, also from LandVest’s Portland office, says this phenomenon is due to the combination of a unique property and a realistic price. He says that since a sense of the market’s bottom has already been realized, the market is now beginning to turn.
“The greatest motivating factor we have in our business right now is feared loss,” Scribner says. “No matter what we say as real estate agents, the numbers speak for themselves.”
[...] News & Notes By Gina Kramer [...]
[...] News & Notes By Gina Kramer [...]