Chinese buyers spend $30 BILLION annually on residential properties in the USA
Chinese buyers are the big spenders in the USA
According to the National Association of Realtors,Foreign buyers are spending over $121 BILLION annually on residential properties in the USA. Of those foreign buyers, Chinese are at the top of the chain, spending $30,4 billion every year.
- Nov 9, 2018 1:10:44 PM |
- ListGlobally Marketing
What are the most expensive cities in the world?
What are the most expensive cities in the world?
In the last few months, Century 21's managers have been focusing on an exercise. They wanted to know how much space can customers purchase in major capitals and cities for an investment of $300,000. They made some research and finally, on the 24th October in Paris, they presented the results for 30 countries.
- Nov 9, 2018 12:53:47 PM |
- ListGlobally Marketing
Marketing properties to Chinese buyers
Who are the leading Chinese property portals?
Fang.com(房天下): a leading Chinese property portal
The leading Chinese property portals are Anjuke (安居客) and Fang (房天下). These two property portals are leaders in China, like RightMove and Zoopla are leaders in the United Kingdom. Nobody questions this leadership, and they are hands down the top 2 portals in China.
- Oct 23, 2018 12:22:02 PM |
- Geoffroy Reiser
What are the biggest challenges that real estate agents face while working with Foreign buyers?
Working with foreigners is an opportunity that comes with obstacles
Let's face it, we know that being a real estate agent in the times we are now living in, can be very stressful. People are changing every day. Consumer behaviors are different, and there are lot's of technological tools that we have to learn how to manage every day. Nowadays we have more and more people that work from home, we have people moving abroad to work and study, and the notion of "home" is too broad to apply the image we had when we were young: a huge family around the table with our grandma cooking some delicious pie.
- Oct 16, 2018 12:44:43 PM |
- ListGlobally Marketing
Blablabla always Lisbon… what about Porto ?
Who buys there and where are the hotspots ?
We know that Portugal is in the spotlight when it comes to tourism and last year they earned a lot of prizes: Best European destination; Europe’s Leading Cruise Port; the Eurovision Song Contest; and they were Champions of the Euro 2017!
- Sep 4, 2018 9:38:54 AM |
- ListGlobally Marketing
Interview about foreign buyers in Panama
Panama is a growing market
At ListGlobally we always want to learn more about our real estate agents and markets. We want to be closer, and also provide them valuable data that they can use on their daily work. Considering that, we've decided to sit down and have a Skype interview with Frank Morrice Arias. He is the General Manager of ServMor Realty.
- Jul 25, 2018 10:00:33 AM |
- ListGlobally Marketing
What your customers need to know to buy a property abroad?
Buying a property abroad is not something easy. There is the search process, there is the “falling in love” season to be considered, and then there is the final decision. Some foreign buyers will be seduced by the property itself and many others are going to pay attention to all the small details and do a complete market study before buying.
- Jun 11, 2018 2:56:51 PM |
- ListGlobally Marketing
What kind of properties are International buyers buying in U.S.A
Let’s find out what properties are catching the eyes of foreign buyers.
Last year was a banner year for international property buyers looking to invest in overseas homes and condominiums. The United States, was one of the countries that really benefited from this global property consumer interest with a total of $153 billion sales (residential property) between April 2016 and March 2017.
With the onset of foreign buyer property taxes that were put in place in Canada and the limitations on international investment in Australia, the consumer eyes are on the United States. Their growing economy and strong property markets are seductive for this foreign buyers.
These consumers want to buy in places like California, Florida and New York but who can judge them? There is nothing like the sun, flip flops and shopping in the big apple! Don’t you agree?
But what are they searching for?
They are searching to buy mainly Single Family Property and Multi-Family Property:
And the reason they are doing this is connected to the fact that they are looking to buy a primary residence. However we should also note that international buyers are searching for good investments, to buy a house for their kids while they are studying in the U.S.A. and they also considered that this country is a great option to have a vacation home.
According to ListGlobally data (from 2018) these consumers are mainly looking to buy:
1- Houses
2- Flat
3- Land
4- Residential buildings
5- Bungalows
6- Commercial properties
Regarding New York it it important to mention that besides apartments, our clients also purchase commercial mixed use and multifamily buildings.
Apartments are more popular because they are easier to manage and simple to understand.
Want to know more?
- May 31, 2018 4:16:52 PM |
- ListGlobally Marketing
Let’s talk about Chinese property portals
China in the headlines
China, China, China… buyers from China have been making the headlines in the local real estate press around the world, in Sydney, New York or Lisbon. For any real estate professional interested in marketing their properties to Chinese buyers, the question is always the same how to market properties to chinese buyers? Let's explore this.
- May 31, 2018 3:01:54 PM |
- Geoffroy Reiser
The real estate sector in 2018
What should you consider when you think about growing your business
The growth we have seen during 2017 is here to stay. A big smile emoticon is expected but we should not ignore the challenges brought by the geopolitical framework (with concerns moving from local to global), and that sellers will face a competitive market due to high demand vs the number of properties on the market.
On the other side, and according to PWC Report on Real Estate Trends for 2018, cities will continue to grow due to different lifestyles and employment reality. We are living in a world where the separation between personal and professional life is blurred so we will need to provide different kinds of properties, that are connected to commercial development, public spaces and transport.
Millenials are alive and kicking!
Millenials are starting to play the game all over the globe. As the financial situation improves, Millennials are increasing their incomes and start leaving their rented homes and looking to buy a house or apartment.
Realtor predicts that in the USA by the end of 2018, millennials may comprise 43% of home buyers taking out mortgages and they will also be the recipients of a larger share of middle/upper-tier mortgages.
But what are they searching for?
Stay tuned … we will provide that information during the month of May.
Brexit
Unsurprisingly, Brexit will continue to be a factor that has impacts on real estate. Some investors are concerned about this reality and this uncertainty and according to PWC, Frankfurt is already starting to notice some positive signs following UK’s decision to leave the European Union.
Great news for them, isn’t it?
We should also note that Copenhagen, due to it’s strong economic growth, is a market to keep an eye on. Investors are searching for all kinds of properties for different usages (retirement, education, and others).
But don’t get too excited with these 2 cities in Europe, because there are more cities to look up worlwide during the year. Don’t you believe that? Continue reading and you will find all the answers.
Prices
In the USA it is expected a rise on prices but not as high as in 2017. Among all homes, entry level or first-time homes will see the highest price increases due to inventory shortage.
When it comes to Europe we know that markets like Portugal and Spain present the same trend when it comes to prices. They are higher but the good news is that there is still a lot of international buyers that searching on those areas.
World Hotspots for Real Estate Investment
So let’s get to the juicy part of our article. Here you have a list of the countries that are considered to be the hotspots for 2018. Isn’t it exciting?
Feel free to share it!
Technology
Last but not least…let’s talk about technology.
Real estate sector is living an amazing time but we have to face it… we will need new skills and new technological tools that will help us to collaborate internationally in order to survive and compete in our new reality.
According to Kobi Lahav, senior managing director at Mdrn. Residential, a New York City–based brokerage:
“more than ever, technology will be a required resource for home buyers as they will have to get real time information about new listings”.
Its is also a fact that handling data, connecting everything and everyone is a big challenge the sector is now facing. According to PWC Report on Real Estate trends for 2018
“Better access to data — the new ‘oil’ for the real estate sector — could allow technology companies or new entrants to dominate entire sections of real estate.”
Now that you know all this… How do you plan to overcome these obstacles?
How many international buyers are you losing everyday due to a lack of technological partner that understands the complexity of the business and provides you solutions?
ListGlobally helps you getting your international buyers!
ListGlobally has you covered, providing access to a truly global audience and promotion across the largest network of real property portals available.
We provide you:
- global reach (+100 portals, + 60 countries)
- performance analysis
- data on international buyers
- data on real estate business
- marketing tools
- training material
- and others
For more information on products and services, reach out! We want to talk.
Follow our Blog to get the latest news on real estate
Resources for real estate international selling.
- May 1, 2018 4:13:28 PM |
- ListGlobally Marketing
