Spain-Based Rimontgó Highlights Benefits of Investing in U.S. Real Estate

Posted by Carmen Luis Gironés — July 13, 2008

VALENCIA, Spain – (July 14, 2008) – The juncture of international markets, the situation the U.S. real estate market is going through in the last few years and the euro-dollar exchange rate make U.S. real estate investments more enticing than ever, said Rimontgó‘s Director, Mr. José Ribes Bas, in the conference organized by this Spanish Real Estate Company in Madrid this week.RimontgoThe meeting, addressed to promote private and commercial property investments in the United States, was graced by the presence of two of the most prestigious experts in the US Real Estate Market, Mrs. Diane Ramirez, founder and President of Halstead Property, and Mrs. Michael Saunders, founder and President of Michael Saunders and Company.José Ribes Bas emphasized the opportunity for both enterprises and private investors of entering now the US property market and acquiring high quality properties for less due to the drop of the luxury estate prices. Ribes Bas also pointed out signs of recovery in the U.S. housing market with a sales record registered this year and the freezing of prices since 2005. “Because of this –Ribes stressed- this is the most suitable moment to invest in the U.S.”“In moments like this is when the best informed international players take advantage of the situation. Those who take the first step will be in the pole position when the other ones react. When the global economy takes off and the U.S. Real Estate investing market grows, Euro investments will turn into excellent U.S. Dollar disinvestments,” José Ribes explained.Diane Ramirez and Michael Saunders presented to the exclusive audience the advantages and benefits which the U.S. real estate market offers right now. Xavier Ruiz, Director of Garrigues in New York, an important tax and legal services provider, explained the tax and legal key factors of Real Estate investments in the U.S.Dennis Dahm, Director of Michael Saunders’ commercial division, presented also a new and really interesting product for private investors and enterprises: the most profitable investment portfolio in the U.S. with a global value of $800 million. The portfolio is divided into 130 units with an average cost per unit of $6 million.About RimontgóRimontgó is a family-run Real-Estate company founded in 1959 which has become one of the longest-established agencies of its kind. Rimontgó is member of the most important luxury Real Estate networks such as Luxury Portfolio, Leading Real Estate Companies of the World and Luxury Real Estate. Rimontgó has also been selected by Christie’s Great Estates to be their exclusive affiliate in Valencia. The enterprise was recently honoured with Most Influential Global Luxury Real Estate Leader award.Rimontgó offers private investors and enterprises the possibility of buying the most exclusive properties in Spain, the rest of Europe and also in the United States. Its Real Estate luxury Portfolio includes 1000 properties in Manhattan, 700 in New York, 600 in Florida and 700 in Europe. All the information is available on Rimontgó website, which is updated twice a day. Rimontgó provides also offers services for commercial investments. Clients take advantage from full tax and legal assessment.

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