resortrealestate

Are you looking to own the most expensive resort real estate in the world?  If so you might want to head straight to Monaco.  Monaco has been confirmed as the destination with the most expensive real estate in the world.  Real estate in Monaco averages $68,000 per square meter, a 2.1% increase from 2008.  Clearly Monaco isn’t feeling the pinch felt elsewhere around the Globe.  If you are interested in looking at Global Resort Real Estate in countries like Monaco, you can actually start the search in your own backyard.  Companies like Sotheby’s and Christies Great Estates have access to listings around the world and can often find you the property you are looking for without having to even board a plane.  If you are on vacation in Vail Colorado for example, stop in to Sonnenalp Real Estate, an exclusive affiliate of Christies Great Estates.  A broker in their office can then access listings from around the world and connect you directly with a listing agent for a property you might be interested in.  As the old saying goes, “think globally, shop locally”.  Purchasing resort real estate is easier than ever with global networks like Christies and Sotheby’s, not to mention the advent of internet technology.

While there is no doubt that the housing market is in poor shape, it has improved slightly.  As they say, baby steps.  An article at Business Week states that “the housing market is in terrible shape, but several reports this week provide some reason for springtime optimism. The Commerce Dept. reported that new-home sales increased by 4.7% on a seasonally adjusted basis in February compared with January. Sales of used homes jumped 5.1% in February compared with the previous month’s seasonally adjusted rate, the National Association of Realtors reported. And the Mortgage Bankers Assn. said mortgage applications surged 32.2% for the week ended Mar. 20 over the previous week (though much of that activity was related to refinancing).”  The article goes on to quote Lisa Burns, vice-president at John Burns Real Estate Consulting , as saying “The market conditions have improved, but conditions are still fairly horrible…. Maybe it has moved from an F grade to a D-, but it’s moving in the right direction.”  Most students would take a D- over an F but we all have to agree the difference is small.  At this stage in real estate, however, small improvements are better than no improvements and if it takes baby steps to get the real estate market to improve let’s hope people start walking soon.