Industry News

New reasons to attend the Olympics: real estate

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Having just returned from vacation, I think fondly back to past trips, comparing the food, accommodations and the real estate that we "almost" bought on many of those holidays. Being a real estate junkie, it's so hard to visit beautiful places and not want to live there. Paris is the worst for me. I slow down to look in all the real estate sales office windows, finding the one that looks most suited to our lifestyle, taste and budget. But ouch–not this year! With the Euro at an historic high, prices of condos in Paris have hit the stratosphere. A "studio" in a building in a "nice" neighborhood–with an elevator–starts at about $395,000 EU (or $495,000 U.S.) plus closing costs. It's even pricier than Manhattan. So it came as a real surprise this week when I read W magazine (at the hairdresser) only to see a little story saying that the Greek government has finally opened up the ownership of real estate to non-Greeks. The W story went on to say that both Madonna and R...