It was a fantastic opportunity to catch up with old friends, make new friends and find out what is happening in real estate around the world.
With the economy being the focus around the globe it was fascinating to hear from other Brokers from all over the world how they are dealing with the situation.
Australia has been resilient – so far – compared to some countries where prices have tumbled and buyer interest all but dried up.
The lack of available finance is biting hard in “traditional powerhouse” economies like the United States, the United Arab Emirates and the United Kingdom.
Fractional Ownership is gaining momentum for Lifestyle properties –homes that are traditional holiday or recreation residences.
Those fortunate enough to experience one of the world’s most magnificent residences in Tuscany, Italy can own as little as one tenth (1/10) or can purchase the property fully themselves.
The world is changing and we as Brokers must adapt to the new “reality”. Our international connections have never been more important than now in selling Luxury Real Estate to the world.