The global real estate business market is an important part of the real estate profession. The Nevada REALTORS® Global Business Committee is committed to providing information on education, resources and opportunities for global business for Nevada REALTORS® members.
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Local contingent promotes Nevada at MIPIM conference
Nevada REALTORS Global Business Committee member Diane Brown shares insights from annual conference
The MIPIM conference was held in Cannes, France March 13-16 2018 at the Palais Des Festivals. The annual event is aimed at bringing together the international real estate community with investors, developers and industry leaders for networking, learning and business.
A handful of Silver State REALTORS® served as representatives, promoting Nevada in the National Association of REALTORS® Pavilion. Some Nevada members arrived in France a few days early to adjust to the time zone change. Tamara set up a property tour with Kirkor Ajderhanyan (owner of Promenade International Real Estate in Nice, France and 2017 International President of FIABCI) for an educational experience on the region. Kirkor and his team embraced our contingent as family while we learned about Nice & viewed several high-end waterfront properties, which we would've all loved to have called our own. Click here and read the full MIPIM review.
A million dollars doesn't buy what it used to — especially when it comes to luxury real estate. The Wealth Report, from London-based real estate brokerage Knight Frank, measured the top markets in the world and compared how much prime property $1 million would buy in each.
Monaco still reigns as the most expensive for top-tier property. For $1 million, you can only buy 16 square meters there, about 172 square feet — the size of a respectable walk-in closet. Hong Kong ranked as the second most expensive market, with $1 million buying about 236 square feet. New York ranked third, nabbing about 270 square feet.
The report highlights how global growth has lifted the fortunes of the wealthy and hiked luxury real estate prices in the top cities. "2017 was a year when the economic stars aligned and relatively healthy growth was seen across most markets," the report said. Indeed, almost all of the cities have become more expensive over the past year. In Monaco and New York, $1 million buys 1 less square meter than it did a year ago. In London, which ranked fourth, $1 million buys 28 square meters, 2 meters less than a year ago. Read the complete CNBC story here.
Have you ever wondered how to capitalize on the tradeshows and conventions that visit our state annually? One way is to host an Inbound Trade Mission. In simple terms, organize a real estate tour of your local area and highlight property you believe the participants would appreciate - and potentially think highly enough of that they’d consider relocating. For our local and state Global Business Committees, inbound and outbound trade missions are paramount to learning about all kinds of real estate opportunities.
Planning a trade mission is easier than you may think. Here is a brief outline of the GLVAR process but of course, you can customize and scale this to your specific situation, organization or business. The first step is to create work groups by asking committee members who may be interested in participating. Completing an interest form is an easy way to identify these. Secondly, once all interest forms are submitted, a date and time is established for the work groups to meet. From there, planning can begin. Read more here.
GLVAR CIPS Institute scheduled for August 13-17
2018 Global Power Hour luncheon and meetings (RSVP required)
Oct. 11 *RSAR CIPS Institute scheduled for Oct. 8-12
Click here for information
Certified International Property Specialist