Luxury Houses For Sale http://www.luxuryhousesforsale.com Just another WordPress weblog Wed, 20 Jan 2010 05:59:59 +0000 http://wordpress.org/?v=2.7.1 en hourly 1 Spanish Luxury Property – What is going on? http://www.luxuryhousesforsale.com/luxury-houses-for-sale/spanish-luxury-property-%e2%80%93-what-is-going-on/ http://www.luxuryhousesforsale.com/luxury-houses-for-sale/spanish-luxury-property-%e2%80%93-what-is-going-on/#comments Wed, 20 Jan 2010 05:59:59 +0000 admin http://www.luxuryhousesforsale.com/luxury-houses-for-sale/spanish-luxury-property-%e2%80%93-what-is-going-on/ As usual, the reports coming out of Spain are conflicting with reality and the vast number of repossessed houses in Spain is distorting the market considerably. No one seems to know what is going on and the recent National Institute of Statistics report suggest a drop in prices of just 7%, which is – at best – laughable. Even the banks admit they do not know exactly how many properties they hold and are slowly drip feeding them into the system at a rate that will prevent the market from collapsing completely. Unemployment is still officially around 18%, and the GDP shrank by 4% (officially) so goodness knows what the real figures look like.

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]]> http://www.luxuryhousesforsale.com/luxury-houses-for-sale/spanish-luxury-property-%e2%80%93-what-is-going-on/feed/ Luxury real estate prices in Dubai set to fall further this year http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-real-estate-prices-in-dubai-set-to-fall-further-this-year/ http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-real-estate-prices-in-dubai-set-to-fall-further-this-year/#comments Wed, 20 Jan 2010 05:59:59 +0000 admin http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-real-estate-prices-in-dubai-set-to-fall-further-this-year/ According to a recent Reuters poll, the debt crisis in Dubai is set to cause further price deceases this year. Prices are already some 60% off and are continuing to decline with a lack of potential investors and serious over supply. According to Fabio Scacciavillani, an economist at the Dubai International Financial Centre in an interview with Reuters this week,

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]]> http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-real-estate-prices-in-dubai-set-to-fall-further-this-year/feed/ Luxury Home Prices in Moscow fell 60 percent in 2009 http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-home-prices-in-moscow-fell-60-percent-in-2009/ http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-home-prices-in-moscow-fell-60-percent-in-2009/#comments Wed, 20 Jan 2010 05:59:59 +0000 admin http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-home-prices-in-moscow-fell-60-percent-in-2009/ The latest report by the Kalinka-Realty Consulting Agency in Moscow states that some segments of the luxury real estate market in Moscow fell in price by as much as 60 percent in 2009, with properties that were previously priced at $5 million plus being available at less than $2.5 million.

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]]> http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-home-prices-in-moscow-fell-60-percent-in-2009/feed/ Luxury Real Estate News 11/01 http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-real-estate-news-1101/ http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-real-estate-news-1101/#comments Wed, 20 Jan 2010 05:59:59 +0000 admin http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-real-estate-news-1101/ Is China following in Dubai’s footsteps?

The Chinese central bank surprised the markets last week by raising the interest rate slightly on its three-month bills from 1.3280% to 1.3684%. This is the first rate increase since August and signaled an effort by Beijing to reduce asset-price inflation after a record surge in credit. The news, sparking fears in markets that the central bank may hike benchmark interest rates, sent the Shanghai Composite Index down almost 2% in one day. Some Asian and European markets also felt the impact. Emerginvest

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]]> http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-real-estate-news-1101/feed/ Luxury Resort Closes in SoCal http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-resort-closes-in-socal/ http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-resort-closes-in-socal/#comments Wed, 20 Jan 2010 05:59:58 +0000 admin http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-resort-closes-in-socal/ A luxury resort in southern California will today close it’s doors for business. For the third time in the last few years, as the economy continues to worsen, despite assurances from the Government Inc. The Borrego Ranch Resort & Spa, previously known as “La Casa del Zorro,” in Borrego Springs was purchased by GH Capital in 2007 for the sum of $4.5 million.

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]]> http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-resort-closes-in-socal/feed/ McMonigle Group announces third season of Top Agent and call for additional candidates http://www.luxuryhousesforsale.com/luxury-houses-for-sale/mcmonigle-group-announces-third-season-of-top-agent-and-call-for-additional-candidates/ http://www.luxuryhousesforsale.com/luxury-houses-for-sale/mcmonigle-group-announces-third-season-of-top-agent-and-call-for-additional-candidates/#comments Wed, 20 Jan 2010 05:59:58 +0000 admin http://www.luxuryhousesforsale.com/luxury-houses-for-sale/mcmonigle-group-announces-third-season-of-top-agent-and-call-for-additional-candidates/ John McMonigle, founder and namesake of Newport Beach-based McMonigle Group, today announces the return of Top Agent commencing January 19 through February 15.  Marking its third season, the month-long training program and competition – the first and only program of its kind – provides six to 10 residential real estate agents the opportunity to learn from a select team of luxury real estate professionals, and ultimately compete for Top Agent honors with an offer to join the McMonigle Group.

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]]> http://www.luxuryhousesforsale.com/luxury-houses-for-sale/mcmonigle-group-announces-third-season-of-top-agent-and-call-for-additional-candidates/feed/ Manhattan Luxury Real Estate Prices Rise as Sales Plummet http://www.luxuryhousesforsale.com/luxury-houses-for-sale/manhattan-luxury-real-estate-prices-rise-as-sales-plummet/ http://www.luxuryhousesforsale.com/luxury-houses-for-sale/manhattan-luxury-real-estate-prices-rise-as-sales-plummet/#comments Wed, 20 Jan 2010 05:59:58 +0000 admin http://www.luxuryhousesforsale.com/luxury-houses-for-sale/manhattan-luxury-real-estate-prices-rise-as-sales-plummet/ The latest crop of Manhattan luxury real estate industry reports tell much the same story – falling volumes accompanied by rising average sales prices. This is a not-unusual occurrence in a down housing market, with sales so depressed it is not reasonable to make a year on year comparison and claim anything certain in the price data.

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]]> http://www.luxuryhousesforsale.com/luxury-houses-for-sale/manhattan-luxury-real-estate-prices-rise-as-sales-plummet/feed/ Luxury Foreclosure Sells at 60 percent off http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-foreclosure-sells-at-60-percent-off/ http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-foreclosure-sells-at-60-percent-off/#comments Wed, 20 Jan 2010 05:59:58 +0000 admin http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-foreclosure-sells-at-60-percent-off/ A 7-bedroom, 11-bathroom estate in Tarzana, Los Angeles, on Brewster Drive, has just sold for a 60% discount at auction. The bidding for the property, which had been up for sale at almost $10 million just last year started at $2.1 million and quickly rose to $4 million. The winning bidder, a Mr Sanjiv Chopra, a businessman in the clothing business plans to live in the home with his family.The home is almost finished and will require some $250-300,000 spending to completely finish off.

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]]> http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-foreclosure-sells-at-60-percent-off/feed/ Dubai Foreclosures http://www.luxuryhousesforsale.com/luxury-houses-for-sale/dubai-foreclosures/ http://www.luxuryhousesforsale.com/luxury-houses-for-sale/dubai-foreclosures/#comments Wed, 20 Jan 2010 05:59:58 +0000 admin http://www.luxuryhousesforsale.com/luxury-houses-for-sale/dubai-foreclosures/ Dubai has been much in the news lately, with the possible/probable/never-going-to-happen collapse of Dubai World. Who knows what is really going on and what the outcome is likely to be? For sure, Abu Dhabi will prop Dubai up to an extent, but where will they  draw the line? The specter of foreclosure looms over much of Dubai World’s assets out side of Dubai, but there also remains the possibility that some properties within Dubai may be foreclosed upon also.

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]]> http://www.luxuryhousesforsale.com/luxury-houses-for-sale/dubai-foreclosures/feed/ Chers Luxury Properties Go to Auction http://www.luxuryhousesforsale.com/luxury-houses-for-sale/chers-luxury-properties-go-to-auction/ http://www.luxuryhousesforsale.com/luxury-houses-for-sale/chers-luxury-properties-go-to-auction/#comments Wed, 20 Jan 2010 05:59:57 +0000 admin http://www.luxuryhousesforsale.com/luxury-houses-for-sale/chers-luxury-properties-go-to-auction/ Unlike the unfortunate Nicholas Cage, who is losing several properties to foreclosure auctions, Cher is also auctioning off some property – but not under duress it would appear. Cher has selected Concierge Auctions to auction her property at the Hualalai Resort, on the exclusive Kona-Kohala Coast in Hawaii, on Monday, January 18th, the company announced.  Meticulously designed by Cher and completed in December 2009, the 8,821-square-foot luxury residence has never been offered for sale.

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