Posted by Leonard Steinberg on August 25th, 2013 My jaw dropped as I ate breakfast this morning reading the Times on the terrace over-looking vistas of stone structures with clay tiled roofs, pristine vineyards, lavender and cypress trees in the Luberon Valley (nature in perfect harmony with architecture)…..In an attempt to boost the housing market… [Read More]
WHEN THE FED STARTS TO TAPER QUANTITATIVE EASING…..
Posted by Leonard Steinberg on August 19th, 2013 It is a certainty that quantitative easing will be tapered: it is not a question of if, as much as when. It’s a new world for what tapering could mean for the markets as we have no historical benchmark. Is tapering an indication that the economy is improving?… [Read More]
BRICFLATION: ARE BRIC COUNTRIES ARTIFICIALLY INLFATING REAL ESTATE VALUES?
Posted by Leonard Steinberg on September 22nd, 2012 Is BRICFLATION upon us? In this morning’s Financial Times a story addresses a potential pricing bubble in the Central London new construction real estate market, where it was identified that just under 20% of the buyers are UK citizens and the majority buyer pool are foreign, mostly… [Read More]
THE NEW YORK "BRIC BUYER": IS BRIC THE NEW EURO?
Posted by Leonard Steinberg on January 12th, 2012 To-day revealed that a single Chinese buyer has gone to contract on FOUR apartments at One 57, the Extell developed tower rising on 57th Street between 6th and 7th Avenues with average pricing starting in the $ 5,000/sf range. Another Russian buyer was also identified. These BRIC… [Read More]