The British Economic Recovery
January 26, 2010 by Perry Corneau · Leave a Comment
St Paul Rainbow2 from Crestock Stock Photos
The economy in the United Kingdom is showing modest signs of growth. The fourth quarter of 2009 posted a .1% rate of growth compared to a 3.2 percent decline in 2008. This is a small rate of growth but it is a still growth and far better than the [...]
ShareDeclining Dollar Draws Foreign Investors
December 2, 2009 by Perry Corneau · Leave a Comment
MSNBC recently quoted Arthur Wong who runs a Canadian based U.S. Real Estate fund as saying, “This could be a once-in-a-generation opportunity for real estate investment.” The artilce went on to state that Buyers from countries like Brazil, France, and the Netherlands with strong currencies are spending millions on condominiums in Florida, New York [...]
ShareForeign Investment in Florida.
November 25, 2009 by Perry Corneau · Leave a Comment
“As part of our global asset allocation, we are targeting Florida as one of the areas with the most potential to recover value on the residential side,” said Shlomo Cohen, vice president of real estate for Dizengoff-Trading Group which just completed the purchase of 115 condo units in Palm Beach. The same Isreali based company [...]
ShareGerman Real Estate Buyers
October 23, 2009 by Perry Corneau · Leave a Comment
We may soon see an increase in the number of real estate purchases from German buyers. The Ifo institute in Munich reports that a survey of 7,000 business executives indicates a rise the German business climate index which now stands at 91.9. The index, up from 91.3 is now at it’s highest since last September. [...]
ShareMortage Rates Near Lowest
October 9, 2009 by Perry Corneau · Leave a Comment
The thirty year fixed-rate mortgages have dipped to nearly the lowest level on record. The fixed-rate is currently at 4.87 percent which is just above the record low of 4.82 percent. Similarly, the 15 year rates is now at 4.33 percent. Rates like these should encourage many to enter the market. International [...]
ShareThe British Are Comming!
September 9, 2009 by Perry Corneau · Leave a Comment
Consumer confidence is up in the UK. The rating is now at the highest levels seen in the past three years. Also the legislature there has pledged to limit public spending as their economy improves. The British are known for a much higher savings rate than Americans and are generally in a better [...]
ShareHeritage Oaks Condominium – Pending
September 4, 2009 by Perry Corneau · Leave a Comment
Today one of our listings at Heritage Oaks Golf & Country Club went under contract. The cash buyer comes from the U.K. and as with all of our European clients we will monitor the exchange rates to help them determine the best time to transfer funds to complete the transaction. The exchange rate [...]
ShareGerman Real Estate Buyers
August 26, 2009 by Perry Corneau · Leave a Comment
We may soon see an increase in buyers from Germany. Recent economic reports in Germany indicate that their recession is coming to an end. With things looking up more Germans will have the confidence to take advantage of great deals in our Florida real estate markets. We are using our large Internet presence to capture [...]
ShareForeign Exchange and International Real Estate
August 5, 2009 by Perry Corneau · Leave a Comment
Today, I had the opportunity to speak with Jordan Tilley of Money Corp, a company that has served the needs of international clients by providing very attractive rates in monetary exchange since 1979. With Money Corp., international buyers can lock in their rate of exchange prior to completion of an international real estate transaction. This eliminates the [...]
British Real Estate Purchasers
May 15, 2009 by Perry Corneau · Leave a Comment
Over the past few years our real estate market has been bouyed by international purchasers with strong currencies. This trend has moderated as foreign markets have also experienced market declines. With current statistic pointing to a slowing in the rate of reductions in UK home values we may soon see an increased interest among British [...]
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