http://www.luxuryhousesforsale.com Just another WordPress weblog Wed, 20 Jan 2010 05:59:59 +0000 http://backend.userland.com/rss092 en 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 ... http://www.luxuryhousesforsale.com/luxury-houses-for-sale/spanish-luxury-property-%e2%80%93-what-is-going-on/ 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 ... http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-real-estate-prices-in-dubai-set-to-fall-further-this-year/ 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. More ... http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-home-prices-in-moscow-fell-60-percent-in-2009/ 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 ... http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-real-estate-news-1101/ 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 ... http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-resort-closes-in-socal/ 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 ... http://www.luxuryhousesforsale.com/luxury-houses-for-sale/mcmonigle-group-announces-third-season-of-top-agent-and-call-for-additional-candidates/ 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 ... http://www.luxuryhousesforsale.com/luxury-houses-for-sale/manhattan-luxury-real-estate-prices-rise-as-sales-plummet/ 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 ... http://www.luxuryhousesforsale.com/luxury-houses-for-sale/luxury-foreclosure-sells-at-60-percent-off/ 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 ... http://www.luxuryhousesforsale.com/luxury-houses-for-sale/dubai-foreclosures/ 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, ... http://www.luxuryhousesforsale.com/luxury-houses-for-sale/chers-luxury-properties-go-to-auction/