The term international real estate describes a relatively new phenomenon, beginning in the 1980s and keeping pace with globalization. The term encompasses real property development, sales and leasing transactions across national borders. International real estate could be viewed as one of the most dynamic branches of real estate although it is, by definition, influenced by fluctuating market value in various sectors between countries, as can be evidenced by the 2008 global credit crisis.
International real estate is best subdivided into two categories: international commercial real estate and international residential real estate. Some examples of international real estate transactions are:
- a citizen of one country purchases a house in another country
- a corporation headquartered in one country purchases or leases an office building another country
- a corporation or investment group in one country builds a hotel in another country
Read more about International Real Estate: International Commercial Real Estate, International Residential Real Estate
Famous quotes containing the words real and/or estate:
“The real essence, the internal qualities, and constitution of even the meanest object, is hid from our view; something there is in every drop of water, every grain of sand, which it is beyond the power of human understanding to fathom or comprehend. But it is evident ... that we are influenced by false principles to that degree as to mistrust our senses, and think we know nothing of those things which we perfectly comprehend.”
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And wish th’ estate o’ the world were now undone.”
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