LRE® Blog

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October 15, 2008

REALTOR® report shows strength in Hawaii luxury real estate market

By Cedric Choi SEPTEMBER 2008 STATISTICS FOR SINGLE FAMILY RESIDENCES – HONOLULU, HAWAII Honolulu Board of REALTORS’® Monthly Statistical Report for September 2008 (released October 1, 2008). Each month, the Honolulu Board of REALTORS® issues a statistical report analyzing residential real estate activity on the island of Oahu. In addition to the general island-wide statistics, following is information for select individual neighborhoods: Waialae/Kahala – See page 8 of Monthly Statistical Report The statistics for this month are significantly different from last month, it is amazing! Comparing September 2007 to September 2008, the median price for a home in 2008 was down 33.3% (the same comparison for August 2007 and August 2008 showed the median price was up 37.8%). For the year-to-date statistics for January through September of 2007 versus January through September 2008, the median price for the neighborhood was up 7%.

October 15, 2008

Some in East Bay real estate are on the slippery slide of FEAR!

By Jim Walberg From his blog: Some East Bay Real Estate Is On The Slippery Slide Of FEAR! Once you get on the Slipper Slide of Fear, it is difficult to get off! Please stay off that slippery slide! So, I picked up USA Today last Saturday on my flight to the Luxury Real Estate Fall Conference in Philadelphia where I was a presenter. The USA Today headline was, “FEAR is a slippery slide!” In some of my past comments I have used the sailor’s mantra, “Do not be fearful!” It still applies today, in spite of an almost 900-point recovery on the Dow Jones the past two days. Don’t forget… once you step on the “slippery slide” of fear, the momentum carries you away very quickly. The voice of experience, the voice of the local authority, and the voice of credibility can still prevail. And we are the ones that need to be that voice. I just completed a walk from the Philadelphia Ritz Carlton to Constitution Hall, the Liberty Bell, and other reminders of the work our founding fathers did on our behalf 230+ years ago. What an inspiring day! (You may recall this is the organization that is the acknowledged authority of luxury real estate! It was founded by John Brian Losh with a vision of connecting the best luxury brokers and agents in the world – 1,900 members from 65 countries.)

October 9, 2008

Cyprus: A perfect spot to retire and buy a luxury home

By Serge Cowan Cyprus offers a superb tax system whereby foreign pensions will only ever be taxed at 5 percent – maximum. “This is exceptional,” says Serge Cowan, MD at Unique Living, specialist property agents offering supreme luxury and lifestyle homes around the world including luxury homes for sale in Limassol. “When looking for a retirement home, one has to consider not just what the country has to offer but also where you stand financially. Cyprus must come high on people’s agenda because it has so many benefits”. In some countries you could be paying tax in your home country on pension income of 40 percent or even higher, so the 5 percent is something that really needs to be taken into consideration when buying abroad. Cyprus also has many other benefits: good year-round weather, low crime rate, you drive on the left, a cosmopolitan atmosphere, quality golf courses, European Union membership and superbly located at the east end of the Mediterranean, providing convenient access to the Middle East and Far East as well as Europe.

October 2, 2008

Australia’s most expensive apartment sold in Potts Point

By Michael Marquette From his blog: Australia’s most expensive apartment SOLD in Potts Point Potts Point in Sydney has achieved Australia’s record apartment price with a $20 million penthouse sale. An undisclosed “prominent Sydney businessman” bought the apartment off-the-plan after the Sydney City Council approved the development on Monday. The two-level penthouse, with views across Woolloomooloo Bay towards the central business district, Sydney Harbour and the Opera House, will have 530 square metres of internal space and 115 square metres of balcony. The Wylde Street sale trumps an $18.2 million off-the-plan penthouse sale in East Melbourne and the $16.8 million Sydney record sale in Macquarie Street’s Bennelong block earlier this year.

October 2, 2008

HGTV and R. CHAYLA Immobilier team up for “House Hunters international”

By Benjamin Pradel From his blog: [TELEVISION 3] HGTV & R. CHAYLA Immobilier - "House Hunters international" Pie Town Productions est une importante société de production américaine basée à Los Angeles et à Chicago. Elle cumule aujourd’hui plus de 3200 émissions de télévision de tous les styles. Elle s’est tournée ces dernières années vers des émissions de décoration et de rénovation qui font fureur actuellement dans tous les pays anglophones et dont on commence à voir quelques exemples sur nos chaînes françaises. De leur série d’émissions House Hunters international (n°1 aux usa) diffusée sur la chaine américaine HGTV (Home and Garden Television) ils parcourent le monde à la recherche d’agents immobiliers spécialistes des transactions internationales. Cette émission au format Télé réalité, diffusée dans de nombreux pays anglophones (USA, Grande Bretagne, Canada, Australie, Nouvelle Zélande & Finlande), détaille les différentes étapes de l’acquisition de biens immobiliers par des clients étrangers. Pour les besoins de leurs émissions dynamiques à très forte audience, (91 millions de foyers rien que sur les USA), que vous pouvez revoir sur leur site internet ou sur celui de la société de production Pie Town TV (, ils filment des achats de biens immobiliers à Paris pour un appartement ayant vue sur la Tour Eiffel, ainsi qu’à São Paulo, Prague, en Jamaïque, Hollande, en Ecosse, aux Bahamas... et en passant par cet épisode qui vient de se tourner au sein de notre agence de Limoux.

September 25, 2008

Australian luxury real estate agent in final four for international award

By Michael Marquette From his blog: Australian Real Estate Agent in Final Four for International Real Estate Award Australian Michael Marquette, founder of Marquette Turner Luxury Homes, is one of only two non-American Award Nominees at the 13th Annual Luxury Real Estate Conference to be held in Philadelphia, Pennsylvania, USA on Saturday, October 11th through Tuesday, October 14th, 2008! One of only four international real estate agents nominated in the category of Outstanding Rookie, Michael Marquette will be joined at the award’s conference at the Ritz-Carlton by fellow agency founder Simon Turner. The Who’s Who in Luxury Real Estate network is the most prestigious luxury real estate organization in the world, and its website is the most-viewed luxury real estate portal in the world. The invitation-only industry peak body is made up of almost 6,000 offices worldwide. Marquette comments that “It is such an honour to have been initially invited to be a part of the exclusive Who’s Who, so to have been nominated for an award is truly humbling.”

September 23, 2008

The Russians are coming to the U.K. luxury market

By Jason Leach From his blog: What’s the market doing? And the Russians ARE coming There are a lot of mixed signals out there and different people have different angles on the French property market at the moment. The Brits are still buying, but not in the numbers that they used to. But then again July and August are generally quiet months for the Brits to buy. On the other hand, there is still, and increasingly more so, lots more interest from the Dutch, German, Belgian, Swiss and Scandanavian countries, but more than ever it’s the French. France hasn’t really been affected by the credit crunch due to the fiscal regulations that exist. We did see some small protests when the fuel prices were increased but even that’s come down again now to a more reasonable level.

September 18, 2008

Technology: State-of-the-art luxury property agencies

By Benjamin Pradel From his blog: [Technologie] Des agences toujours à la pointe C'est toujours avec le même souci d'innovation et de conserver une longueur d'avance que Rodolphe a fait équiper les 5 agences d'un système d'écrans plats dans les bureaux. L'équipe commerciale dispose maintenant d'un outil performant et unique pour la présentation des biens; un diaporama prenant le relais lorsque l'écran n'est pas utilisé.

September 11, 2008

France’s R. CHAYLA joins the international Luxury Real Estate network

By Benjamin Pradel From his blog: R. CHAYLA rejoint le réseau Luxury Real Estate (n°1 mondial) Déjà membres depuis janvier 2008 du réseau Châteaux & Co., regroupant des agences immobilières indépendantes spécialisées dans les transactions de charme et de prestige en France, nous franchissons un nouveau cap en rejoignant le réseau international, n°1 mondial, est un réseau indépendant regroupant 2120 agences immobilières dans le monde dont 7 agences pour la France. Notre agence obtient donc l'exclusivité régionale de Luxury Real Estate. Outre une fréquentation record du site internet à plus de 62 000 000 de visiteurs / mois, le site est classé n°1 mondial pour les recherches en immobilier de luxe (source: Il est également qualifié en tant que le "meilleur du Web" par le magazine Forbes et le quotidien international Wall Street Journal depuis les sept dernières années.

August 27, 2008

Cuernavaca: The perfect weekend retreat near Mexico City

By Barbara Waugh Cuernavaca’s perfect climate and proximity to Mexico City make it a favorite weekend retreat and the destination of choice for a large expatriate community. If you’ve ever dreamed of owning (foreigners can own luxury property in their own name) or renting your own Mexican villa, this is the place, whether you’re looking for a winter retreat, summer vacation home, weekend getaway or year-round residence. A strong buyer’s market exists for luxury homes in all styles, sizes and price ranges, usually including a pool and garden. But as prices rise, many of the real bargains are being snapped up, from the cool, tree-shaded heights of Rancho Cortes and Vista Hermosa to the warm, tropical gardens of Palmira and Acapantzingo, all fashionable Cuernavaca neighborhoods. Both Travel & Leisure and The Robb Report, two popular U.S. luxury lifestyle publications, have ranked Cuernavaca as among the best communities in the world in which to live. Forbes magazine has on several occasions featured a luxury Cuernavaca property on its website as its Property of the Week.
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