How can investors, questing as they should for sublime diversity, get in on European real estate?
How can American investors, questing as they should for sublime diversity, get in on European real estate?
For instance, when the European online real estate market was developing, the key players locked down their home markets before they looked to expand.
The European-only housing estate of Woodley, the Royal Golf Club, the Yacht Club, the Impala Club, the Agricultural Show Grounds (used by large-scale farmers) and so forth were built on Kibbr, the Nubian homeland.
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This produced a series of bubbles, including sub-prime in the U.S. and real estate bubbles in a range of European countries including the U.K., Spain and Ireland.
Much more than beachside bungalows is on sale: Real estate brokers say many of their wealthy European clients are looking to liquidate their investments in European trophy homes and reinvest in stable markets like London and New York City.
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Another approach is to buy European stocks directly, using ideas from three veteran real estate fund managers we consulted.
Top European holdings include German building materials maker Buderus and Spanish real estate developer Corporacion Financiera Alba .
Real estate offered a golden opportunity, according to the European Renaissance Fund, not because it would rise in value any time soon, but rather because "a lot of existing portfolios will be offloaded by distressed investors".
With the sluggish U.S. economy, the high unemployment rate, the real estate bust, the political paralysis in Washington, the European debt crisis and terrorism, there are a ton of bricks in the wall.
But for those Europeans who would still be in a position to invest, U.S. assets including U.S. real estate could turn out to be safer investments than European stocks, bonds or property.
FORBES: Will Europe's financial crisis stall foreign home buying activity?
The estate features 300 works of art, featuring post-war and contemporary European and American artists.
But despite the debt crisis, economic contraction in many European Union countries and instability in the European banking system, experts at Jones Lang LaSalle say confidence in the hotel real-estate sector has risen since October 2011.
Scott Malkin, 52, founder of London-based high-end European outlet syndicator Value Retail and father Peter Malkin, 77, head of New York City real estate holding company that includes the Empire State Building, discuss their ties here.
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But as the European debt crisis continues to escalates, will this slow down foreign investment in U.S. real estate?
FORBES: Will Europe's financial crisis stall foreign home buying activity?
"We're real-estate operators and manage everything we own, " says Mary Ricks, head of Kennedy Wilson's European operations.
WSJ: Sales Pace Picks Up for Troubled European Property Assets
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