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
Other articles related to "international real estate, real estate, estates, international":
... who buy and sell works of art often request real estate services ... To satisfy this demand, Great Estates, founded in 1987, was acquired by the auction house in 1995 ... Christie's International Real Estate is a wholly owned subsidiary of Christie's, and is the leading international network of real estate brokers dedicated to the marketing ...
... Most international residential real estate transactions are generated by individuals purchasing lots or built units (including family homes, apartments, condominium units) ... Some of the factors leading to the growth in the international residential real estate sector are the rise in international tourism and travel the baby ...
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