Tempting Locations, Unusual Homes and Hot Markets

1
Tempting Locations,Unusual Homes andHot Markets

• Kevin Brass
• International Herald Tribune
• 2008 International Real Estate Congress
• REALTOR Association of Greater Miami The
  Beaches
• June 11-12, 2008

2
Youre Not Alone

• (Congratulations)

Estate agencies face 15,000 job cuts BY DANIEL
THOMAS, PROPERTY CORRESPONDENT
Credit crunch sees global property prices
tumbling By Martin Hickman, Consumer Affairs
Correspondent
3
Common Ground

• Credit is tight all over

4
Common Ground

• Credit is tight all over
• Pause Mode People are waiting

5
Common Ground

• Credit is tight all over
• Pause Mode People are waiting
• High Net Worth are looking for bargains

6
Cold Spots

• Western Europe
• European markets have to some extent
  stagnated
• --Knight Frank

7
Cold Spot London

• Most expensive city on Earth 6,000/sq. foot

8
Cold Spot London

• Most expensive city on Earth 6,000/sq. foot
• Top end strongBut only so many Russian
  billionaires

9
Cold Spot London

• Most expensive city on Earth 6,000/sq. foot
• Top end strongBut only so many Russian
  billionaires
• No bonuses for financial sector

10
Cold Spot Spain

• Transactions down 30 in first part of 08
• Source Government data

11
Cold Spot Spain

• Transactions down 30 in first part of 08
• More than 600,000 new houses empty
• Source
  Construction industry

12
Cold Spot Spain

• Transactions down 30 in first part of 08
• More than 600,000 new houses empty
• Reality Prices are dropping 20-25

13
Cold Spot Spain

• Transactions down 30 in first part of 08
• More than 600,000 new houses empty
• Reality Prices are dropping 20-25
• Investment money searching for new home

14
Danger, Danger !!!
15
Danger, Danger !!

• Panama City, Panama
• Source My Opinion

16
Danger, Danger !!

• Panama City, Panama
• Classic oversupply More than 300 towers in
  planning stages
• Speculator-driven bubble conditions
• Pollution, bay conditions, infrastructure
  questions

17
Danger, Danger !!

• Not So Stable Countries

18
Danger, Danger !!

• Not So Stable Countries
• Nicaragua--Ortega is back

19
Danger, Danger !!

• Not So Stable Countries
• Nicaragua--Ortega is back
• ThailandCoup in 2006 unrest in the South

20
Danger, Danger !!

• Not So Stable Countries
• Nicaragua--Ortega is back
• ThailandCoup in 2006 unrest in the South
• IndonesiaBali bombs

21
Danger, Danger !!

• Not So Stable Countries
• Nicaragua--Ortega is back
• ThailandCoup in 2006 unrest in the South
• IndonesiaBali bombs
• Mexico????

22
Danger, Danger !!!

• Former Communist Hot Spots

23
Danger, Danger !!!

• Former Communist Hot Spots
• Bulgaria up 33.7 in 2007!
• Source Knight Frank

24
Danger, Danger !!!

• Former Communist Hot Spots
• Bulgaria up 33.7 in 2007!
• Speculator driven markets not consumer driven

25
Danger, Danger !!!

• Former Communist Hot Spots
• Bulgaria up 33.7 in 2007!
• Speculator driven markets not consumer driven
• Latvia up 66 in 2006 down 7 in 2007
• Source Knight Frank

26
Interesting Markets
27
Interesting Markets

• Guanacaste, Costa Rica

28
Interesting Markets

• Guanacaste, Costa Rica
• A-list brands--Four Seasons, Ritz, et al
• Actual buzz Steve Case, Andre Agassi and The Mel

29
Interesting Markets

• Silver Coast, Portugal

30
Interesting Markets

• Silver Coast, Portugal
• Knight Frank Top 10
• New high end developments-tough restrictions

31
Interesting Markets

• Silver Coast, Portugal
• Knight Frank Top 10
• New high end developments-tough restrictions
• Im going there on Sunday

32
Interesting Markets

• Belize

33
Interesting Markets

• Belize
• Still undiscovered after all these years

34
Interesting Markets

• Belize
• Still undiscovered
• English speaking/U.S. dollar
• Generous retirement benefits

35
Interesting Markets

• Panama

36
Interesting Markets

• Panama
• Not just Panama City towers

37
Interesting Markets

• Panama
• Not just Panama City towers
• Casco Viejo, the old city

38
Interesting Markets

• Panama
• Not just Panama City towers
• Casco Viejo, the old city
• Off the beach, spectacular mountain lots

39
Interesting Markets

• Asia

40
Interesting Markets

• Asia
• The dollar is worth something
• Singapore values up 29.9 per cent in 2007
• Vietnam new foreigner friendly regulations
  big corporate interest
• Source Knight Frank

41
Interesting Markets

• Thailand

42
Interesting Markets

• Thailand
• CBRE Activity up 50
• Phuket high end condo market thriving
• Coup old news??
• Source Jones Lang LaSalle

43
Interesting Markets

• Brazil

44
Interesting Markets

• Brazil
• Bountiful coastline Natal, et al
• Growing economy
• Stable government
• Abundant land

45
Interesting Markets

• Caribbean

46
Interesting Markets

• Caribbean
• Antigua values up 40 in 2007
• New generation of high end developments
• Caveat tourism flat in 2007
• Source Knight Frank

47
What to do about it??
48
What to do about it??

• Blame the media !!

49
What to do about it??

• Blame the media !!
• Old Saying Go where the deals are

50
Foreign Buyers Theyre Different
51
Foreign Buyers Theyre Different

• What do they want??
• Security
• Home and Investment
• Easy flights
• Attractions
• Bargains

52
Buyer Profile

• Real estate investment in DNA
• Looking for rental return data
• Used to being pampered

53
International Resources

• ? RSS feeds make it easy
• Financial Times
• Asia Property Report
• London Times, London Telegraph, etc
• Overseas Property Professional

54
International Herald Tribune

• Weekly Properties section on Friday
• Raising the Roof, the IHTs property blog
• http//blogs.iht.com/tribtalk/properties/roof/
• Kevin Brass
• 1 512.382-0245
• kabrass101_at_gmail.com