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Industry counts the cost of volcanic chaos

From Global Edge

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Editor's note: This item is republished with permission from Global Edge Marketing Ltd. The original post can be viewed here. Overseas property agents prepared for the worst as the travel chaos caused by a volcanic ash cloud over Europe ran its course. Although the eruption hit agencies with exposure to the overseas rental market hardest, a number of companies have reported significant potential losses in sales business. Robert Armstrong, sales and marketing director of Spanish Luxury Homes, said he may have lost over ($134,378 in U.S. dollars) in commission: "We had four inspection trips booked over the weekend, one of which was for a ($1.07 million) property near Denia on the Costa Blanca. We were confident of seeing more than ($134,378) in commission. Having said that, two of the people have re-booked, but the properties may not be available (when they return). Flight prices have (tripled), so it's concerning." Neil Hollingsworth, owner...