In a recent visit to Seattle, May Lee of CGTN discussed the growing interest in Seattle with Dean Jones, President & CEO of Realogics Sotheby’s International Realty (RSIR), who told her “the secret is out and the Chinese know it.” Jones cited the state’s lack of income tax, top-ranked schools and relative affordability compared to other West Coast peer markets as contributors to the rise in foreign investment. And the Seattle appeal is certainly evident, as Lee reports that “according to a property website in China, searches for real estate here [in Seattle] have more than doubled beating out other favorites like Los Angeles, New York and San Francisco.”
Written by William Hillis, Research Editor with RSIR
Golf, the world’s foremost stick-and-ball game, will forever be associated with Scotland. Yet the Puget Sound offers a strong assortment of world-leading courses playable year-round in the region’s mild climate amidst scenic topography. A fjord system of valleys carved by glaciers, the bays and inlets of Puget Sound are not unlike the firths of Scotland. And more than any other popular sport, golf is a game in which—in every sense—the landscape comes into play.
Sotheby’s International Realty Affiliates LLC is proud to present “Global Affluence: The Emerging Luxury Consumer,” a report examining the confidence, spending habits and purchasing interests of emerging luxury consumers from around the world, defined as those with $250,000 USD to $1 million USD in investable assets.
The report, which is based on a survey that focused on luxury consumers in the United States, United Kingdom, India, United Arab Emirates and China, found that this emerging luxury consumer demographic is confident when it comes to their personal economy and the economy of their respective countries.
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Beijing watched the American bubble pop in 2007-2008. But the stakes are considerably higher for the Communist Party bigs, who essentially promise citizens prosperity if they go along with a one party authoritarian state. … In China, the issues are considerably more complex. And the leadership’s fear of allowing market forces to operate may be as dangerous as being too late to implement effective curbs. As the world’s second largest economy, a meltdown there would further dampen world trade. As for us, at its worst, a Chinese asset price collapse might pull the demand out of price rises here. But sorting out winners and losers won’t be quick or easy.
In a recent article for Yangcheng Wanbao (羊城晚报), a significant media outlet reaching over 14 million readers in Guangzhou, the third largest Chinese city, Realogics Sotheby’s International Realty (RSIR) Owner & CEO Dean Jones offers expert insight in the Overseas Study/Immigration Section (留学移民) on the relationship between good school systems and Chinese homebuyers in the Puget Sound region.
Sotheby’s International Realty has announced an alliance with Juwai.com that enables the luxury real estate brand to generate Chinese buyer interest on one of the world’s most prominent real estate websites with over two million monthly visitors. As a truly international brand, Sotheby’s International Realty now has the most global representation on Juwai.com, displaying luxury listings from 65 countries and territories.
The popular West Coast cities of San Francisco, Los Angeles and Vancouver have long been the most direct routes to New World prosperity for Asian immigrants and their families. Now that generations of Chinese buyers have transitioned to life in North America, their experience and trend spotting is bringing to bear more practical considerations of economic fundamentals, financial and educational opportunities, and overall quality of life. So it’s no surprise that relative affordability, propensity for capital appreciation and even a recently imposed 15-percent foreign homebuyer tax in Vancouver, are boosting interest in alternative markets like Seattle—the next international gateway city on the rise.
Meet our brokers, one story at a time
Realogics Sotheby’s International Realty recently released a series of short films that profile brokers, focusing on the story of each individual in order to tell the story of the greater company. Known for industry innovation, RSIR engaged Chicago-based branding house Evoker, Inc. to produce the films, which strip away the mass-produced structure of a standard biography video and allow the agent to tell their personal story. There is no script. No storyboard. No two films are ever the same. Each week we will be featuring one broker film across our online platforms. This week, meet Lili Shang.
Robert Pong, Realogics Sotheby’s International Realty (RSIR) broker and Asia Services Group member, recently flew to China to visit his clients and network in a visit to Hong Kong Sotheby’s International Realty and Beijing Sotheby’s International Realty. During this trip Pong covered six cities in ten days as he connected with his VIP clientele and various strategic Asia partners.
On Thursday June 2nd, a collective of Realogics Sotheby’s International Realty (RSIR) brokers and other distinguished guests met at the stunning “Maison des Volets,” listed by RSIR broker Jay Kipp, for an evening of Cocktails & Conversations. From 7 to 9pm, the over 60 attendees drank local wine and snacked on light bites as they mingled and listened to a presentation by Angela McAteer, the Vice President Head of Department, Chinese Works of Art, for the Sotheby’s Auction House.