National Association of Realtors News

October 08, 2011 332

Increased Lending, Short Sales Necessary to Reduce High REO Inventories, Say REALTORS

in Featured Content by National Association of Realtors
 Improving access to affordable mortgage financing for qualified home buyers and investors and committing additional… Read more
June 20, 2011 640

Commercial Real Estate Markets Stabilizing, Demand Growing

in Featured Content by National Association of Realtors
Washington, DC, May 24, 2011. The improving economy and job creation mean growing demand for commercial real estate,… Read more
May 29, 2011 583

New NAR Benefits Partner Improves Realtor®-Client Communications

in What´s New by National Association of Realtors
    Washington, DC, May 16, 2011 As Realtors® and their clients becoming increasingly more mobile, Realtors® must… Read more

HN: Czechs grow more interested in real estate abroad

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Prague, July 13 (CTK) - Well-off Czechs seeks a second home in Austria, France, Italy, Switzerland or Florida, and they are ready to pay much more for design apartments abroad than at home, the commercial supplement to daily Hospodarske noviny (HN) writes toady.

 


 

It says Czechs are also interested in mountain chalets close to downhill courses.

"We were surprised at the growing number of questions from Czechs, therefore we have extended our sales to the Czech market," HN quotes Robert Hermandinger, secretary of Falkesteiner Gruppe Hermandinger, as saying.

The firm offers furnished apartments in the Carinthian Alps for 250,000 euros, which is an equivalent of more than six million crowns, HN writes.

HN says Czechs can get back 20 percent of the price in VAT, which decreases the final prices by 50,000 euros.

The average pay in the Czech Republic was 23,144 crowns in the first quarter of the year.

Unlike other foreigners, Czechs buy villas, luxury flats and mountain chalets almost exclusively for their own needs and they do not consider letting them during their absence, HN writes.

It quotes Jitka Dankova, from the Prague branch of Sotheby's International Realty, as saying that Czech clients of the firm are interested in properties in skiing centers in the Swiss and Italian Alps in winter and in Swiss or Italian lakes in summer.

"Some destinations are within relatively comfortable reach by car and can be used as weekend homes," Dankova said.

She said "winter" clients often show interest in ski-in, ski-out chalets where the slope is literally on their doorstep.

Real estate agents say investment in such properties pays because their prices will probably grow up as the trend in the Alps is towards reducing the construction of new chalets, HN writes.

Czechs interested in recreation properties abroad are medium- and higher-level managers and businesspeople, HN writes.

They are people who have been going for many years to the same place in Sardinia, Spain or Tuscany and who want to buy a smaller farm there, the paper writes.

Dankova told HN that her firm had a client who wanted to buy the Santa Cristina island off Venice with a 20 million euros price tag, but he did not eventually buy it.

The client praised the island's good accessibility from Marco Polo airport in Venice, but objected to that it is not completely isolated, HN quotes Dankova as saying.

($1=17.346 crowns)

Asia / Africa Real Estate News

May 02, 2011 1132

Dubai real estate watchdog plans new code for sector

in Dubai Real_Estate News by Arabian Business
A new code for corporate governance in Dubai's real estate market is being put together in a bid to improve the sector's transparency. Read more

South America Real Estate News

May 02, 2011 1045

Brazil's Odebrecht To Study Bid For Government Airport Concessions

in Brazil Real_Estate News by The WallStreet Journal
RIO DE JANEIRO (Dow Jones)--Brazilian construction firm Odebrecht is interested in bidding for airport concessions in Brazil, but is waiting to see more details of the government's plans, the group's investment director, Felipe Jens, said Thursday. Read more

Oceania Real Estate News

January 28, 2009 1533

Housing affordability not as bad as survey claims: analyst

in Oceania Real_Estate News by ABC News
A leading property analyst says a survey, which rates Australia as having some of the world's most expensive housing markets, does not take a large enough sample of countries into account. Read more

North America Real Estate News

February 01, 2012 260

This real estate vet is sick and tired of Trulia and Zillow, and he’s not gonna take it anymore

in United States Real Estate by Geek Wire
The battle over online real estate listings is starting to heat up again. Jim Abbott, president of the Abbott Realty Group and a 20-year real estate veteran in San Diego, recently announced plans to pull listings from Trulia, Realtor.com, Zillow and other online real estate sites. In a YouTube video announcing the plan (posted below), Abbott… Read more

Central America Real Estate News

March 13, 2011 899

Realtors president to link real estate and technology

in North America Real Estate News by The Norman Transcript
NORMAN — Realtors know technology plays an important role in the real estate industry. The Norman Board of Realtors has scheduled a continuing education program April 27 at the Holiday Inn that will address the connection between real estate trends and technology. Ronald Phipps, president of the National Association of Realtors, and Richard… Read more

Europe Real Estate News

July 14, 2011 777

HN: Czechs grow more interested in real estate abroad

in Czech Republic real_estate news by Prague Daily Monitor
Prague, July 13 (CTK) - Well-off Czechs seeks a second home in Austria, France, Italy, Switzerland or Florida, and they are ready to pay much more for design apartments abroad than at home, the commercial supplement to daily Hospodarske noviny (HN) writes toady. It says Czechs are also interested in mountain chalets close to downhill courses. Read more

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