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Buying in the United States
January 24, 2010 - United States
1 A foreign investor may purchase real property within the United States in a variety of ways: in his or her own name; through a US corporation, partnership, or trust; or through a foreign legal entity.
2 The income and estate tax consequences of owning or selling property will vary depending on the vehicle through which the actual investment is made.
3 Legal fees and other costs are likely to be around 2 per cent of the price of the property.
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Worlds rich plan to invest more in property, survey shows
December 07, 2009 - United States
The richer you are the more likely you are to invest in property which is now regarded as better opportunity for long term returns that stocks and bonds, according to a new survey.
Twice as many people plan to increase their investment in residential and commercial property as intend to reduce, the global survey from Barclays shows.
It is those with more than $800,000 to invest that are leading the property investment race and the extent of their plans for real estate has amazed researchers.
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Top 10 world's most expensive homes
November 20, 2009 - United States
The US magazine “Forbes” published the TOP of the most expensive residential real estate ready for sale.
The topper of this year’s list is the $150million Holmby Hills Mansion. The house named, Manor belonged to late producer, Aaron Spelling and has been listed for sale by his wife Candy Spelling.
Undoubtedly, prices and sales have suffered from the economic downturn, but still, the homes on the list ask for some big bucks. Check out the whole list after the jump…
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America's Most Expensive Cities 2009
October 19, 2009 - United States
The list of the most expensive cities in the United States is now out, and unsurprisingly, New York has taken the top spot, with a cost of living that's double its closest follower.
All 10 cities measured jumped in Mercer's worldwide rankings. Out of 253 major metropolises around the world surveyed, New York this year ranked 8, up from 22; Los Angeles ranked 23, up 27 places from 2008.
The top five most expensive U.S cities also saw their worldwide ranks surge: White Plains, a destination for expats, jumped from 89 to 31; San Francisco from 78 to 34; and Honolulu from 77 to 41.
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AIG Office to Be Converted to Luxury Condos
October 13, 2009 - United States
The New York headquarters of insurer American International Group (AIG) is being converted into luxury condominiums.
In a research note released Thursday, Fox-Pitt Kelton real estate analyst Robert Stevenson calculates the profitability of the transaction for the real-estate developer who bought AIG’s headquarters.
The developer, Young Woo, is planning to turn the top 40 floors of AIG’s 66-story headquarters near Wall Street into pricey condominiums.
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George Graham Joins Sotheby’s Concierge
October 05, 2009 - United States
The ex-managing director of Fortress’s Drawbridge Special Opportunities Fund George Graham has joined Sotheby’s International Realty’s Concierge Auctions.
Concierge is hopeful that Graham's history as a lender and investment banker will bring valuable relationships to the company, according to Fortune magazine.
Graham will serve as CEO of the group, which was founded three years ago by a South Florida broker with the purpose of unloading properties that would otherwise not sell on the open market.
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La Jolla is the most expensive home market in the US
September 25, 2009 - United States
La Jolla, California, is the most expensive home market in the U.S., according to the 2009 Coldwell Banker Home Price Comparison Index.
With an average price of $2.13 million, a 2,200-square-foot (204-square-meter) home in La Jolla costs more than any other comparable property in 310 markets nationwide, Coldwell said today. La Jolla is located within the city limits of San Diego.
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Monopoly City Streets Launches on Google
September 15, 2009 - United States
Real estate investors who are a bit nervous of splashing out because of the global economic downturn can now try to buy almost any street in the world with a new on-line version of the popular property game Monopoly.
A massive on-line, multi-player version of the Monopoly games has been launched by toymaker Hasbro and Google. The free game will last for four months and uses Google Maps as the playing board.
The toymaker claims it will be the biggest game of Monopoly of all time and will allow players to purchase almost any street in the world.
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Aaron Spelling Manor for Sale: $150 Million
August 31, 2009 - United States
The Real Estalker reveals that the listing for Candy Spelling's $150 million home in Holmby Hills, California has gone live.
The home has been quietly listed for months but this is the first official look at the home.
Standing as the crown jewel in a premier Southern California neighborhood, The Manor is the largest and grandest private residence in Los Angeles.
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Most Expensive Zip Code in the US
August 31, 2009 - United States
Forbes 2009 list of the most expensive zip codes in America for median home sales has recently been released.
Topping their list this year is the expensive zip of 07620, Alpine, New Jersey, although prices there fell 23% over the past year.
The posh burb full of huge houses has a median home price of $4,139,041.
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