Thursday, August 03, 2006

OVERSEAS REAL ESTATE BOOM

With the growth of the cruise industry and travel overseas, many baby boomers and second home buyers are seeing their next real estate purchase overseas. BridgePoint has been tracking this trend and researching all the intracacies of conducting business in foreign locations .

Some points of interest:

  1. Over 4 million Americans live abroad.
  2. Many are residing in the Carribean, Mexico, Central America, and other exotic locations known for their beautiful beaches or mountainous terrains.
  3. Many properties can be purchased at a fraction of the cost of property in the United States
  4. Taxation of property can be far lower abroad

Starting this year, NAR (National Association of Realtors) and SIMA (Europe's largest second home / resort expo of world wide properties) will join forces at The REALTORS® expo in New Orleans to introduce international forums and developers. Together they will bring a showcase of international properties to the expo floor.

Bridgepoint will attend The REALTORS® expo to recruit and inform real estate agents on the details of the Bridgepoint solution and price protection. This will enable the company to partner with agents, developers, and global brokerage firms to market the end product.

To view more information on international real estate visit:

http://www.realtor.org/international/index.html

http://www.fiabci-usa.com/main.php

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