NAR International News as of March 14, 2007

Published: March 14, 2007

<table width="530"><tbody><tr><td class="sectionheader"><span style="FONT-WEIGHT: bold; FONT-SIZE: 13px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #000000; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><b>FOREIGN INVESTMENT </b></span></td></tr><!– Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #4d7258; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br /><b>Worldwide FDI Inflows Up 34% for 2006 </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">Global foreign direct investment (FDI) inflows grew in 2006 for the third consecutive year reaching US$1.2 trillion, according to United Nations agency UNCTAD. The total is a 34% increase from 2005, although short of the record US$1.4 trillion set in 2000. The <a title="blocked::http://go-to.realtor.org/h/U1J6P/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/U1J6P/ORY13/E4/TKB70">United Nations Conference on Trade and Development (UNCTAD)</a> says that the continued rise in FDI largely reflects high economic growth and strong economic performance in many parts of the world, including in both developed and developing countries. Increased corporate profits (and resulting higher stock prices) boosted the value of the cross-border mergers and acquisitions that constitute a large share of FDI flows. Continued liberalization of investment policies and trade regimes added further stimulus, although in Africa and Latin America there were some notable changes in economic policy towards a greater role for the state, as well as changes in policies that directly concern foreign investors or industries. FDI flows to developed countries in 2006 rose by 48%, well over the levels of the previous two years, reaching US$800 billion. The U.S. recovered its position as the largest single host country for FDI in the world, overtaking the United Kingdom, the top FDI recipient in 2005. <a title="blocked::http://go-to.realtor.org/h/97OKF/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/97OKF/ORY13/E4/TKB70">Read the full UNCTAD press release.</a> </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #4d7258; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br /><b>Office Markets Strong Worldwide </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">The annual <a title="blocked::http://go-to.realtor.org/h/FKZ9H/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/FKZ9H/ORY13/E4/TKB70">MIPIM Commercial Property Marketing show</a> is underway this week where thousands of professionals converge on Cannes, France to view a showcase of the world's newest developments–including from the office market. In its inaugural edition of <a title="blocked::http://go-to.realtor.org/h/VLR6K/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/VLR6K/ORY13/E4/TKB70">Global InvestmentView</a> (Year End 2006), <a title="blocked::http://go-to.realtor.org/h/AM0Y9/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/AM0Y9/ORY13/E4/TKB70">CB Richard Ellis Group</a> reports that investment in office buildings continues to surge around the globe, with markets in Asia and Europe experiencing the most significant increases in activity in 2006. Cross border investment also increased, as competition among investors, yield compression, and a limited pool of desirable assets led investors to broaden their geographic search for opportunities. For 2006, six out of 12 major global markets posted more than 30% year-over-year increases in office investment volume. Beijing recorded $3.7 billion in activity over 2005's $2.1 billion, and in Singapore the investment more than doubled to $4.4 billion from $1.9 billion. London led the European markets with $27.6 billion of investment, followed by Paris nearly doubling to $21.2 billion. U.S. markets kept pace, with the New York investment market trading $23.3 billion of office properties in 2006, up 31% from $17.7 billion in 2005. Middle Easterners were the biggest foreign investors in the U.S., with more than $5 billion in acquisitions, replacing the Australians, the largest foreign investors in 2005. <a title="blocked::http://go-to.realtor.org/h/NJDUA/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/NJDUA/ORY13/E4/TKB70">Global InvestmentView</a> reports on global investment values worldwide, cross-continental investment, and trends in yields and capitalization rates. The new semi-annual report can be downloaded for free. </td></tr></td /></tr /></td /></tr /></td /></tr /><!– End of story –><!– Section header –><tr><td class="sectionheader"><span style="FONT-WEIGHT: bold; FONT-SIZE: 13px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #000000; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br />CULTURALLY CORRECT </b /></span></td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #4d7258; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br /><b>Match Marketing Techniques to the Audience </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">REALTORS® targeting young homebuyers might want to get creative with the video recording feature on their digital cameras and walk through the home just like a buyer would when taking an in-person tour, and then post the walking tour on <a title="blocked::http://go-to.realtor.org/h/62G43/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/62G43/ORY13/E4/TKB70">YouTube</a>, the popular free video sharing website. YouTube enables practitioners to advertise for free, rather than spend hundreds of dollars on Web listings, virtual tours, and professionally produced videos. <a title="blocked::http://go-to.realtor.org/h/VLR60/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/VLR60/ORY13/E4/TKB70">REALTOR® Magazine Online</a> reports that a growing number of real estate agents are using YouTube, hoping to get an edge on their competitors. YouTube was named <a title="blocked::http://go-to.realtor.org/h/EXAQ9/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/EXAQ9/ORY13/E4/TKB70">TIME Magazine's &quot;Invention of the Year&quot; for 2006</a>, and was acquired by Google in November 2006 for $1.65 billion in Google stock. YouTube definitely appeals to a specific audience–stereotypically younger, tech savvy types. Older, more conservatives clients may less likely to respond, and those without Internet access won't be able to view your marketing efforts at all. Know you targeted client(s) and tailor your marketing efforts appropriately. </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #4d7258; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br /><b>Business Card Etiquette </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">In the U.S., the exchange of business cards is a fairly casual activity; a handy way to provide basic business contact information. Not so in many other parts of the world–perhaps most notably, Asia–where a much greater importance is given to the exchange of business cards and there are clear dos and don'ts to keep in mind. Paper stock, color, content and presentation can all impact the impression you make when providing your business card to a colleague or a potential client. <a title="blocked::http://go-to.realtor.org/h/TUS8P/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/TUS8P/ORY13/E4/TKB70">Read tips on business card etiquette for Japan, China and India.</a> </td></tr></td /></tr /></td /></tr /></td /></tr /></td /></tr /></td /></tr /></td /></tr /><!– End of story –><!– Section header –><tr><td class="sectionheader"><span style="FONT-WEIGHT: bold; FONT-SIZE: 13px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #000000; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br />GLOBAL MARKETS </b /></span></td></tr><!– Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #4d7258; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br /><b>WTO Welcomes Vietnam </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">After 11 years of preparation, including eight years of negotiation, <a title="blocked::http://go-to.realtor.org/h/U1J8A/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/U1J8A/ORY13/E4/TKB70">Vietnam joined the World Trade Organization (WTO)</a> in January. The southeast Asian nation is WTO's 150th member, signaling its emergence as one of the world's fastest-growing economies. The country's economic growth topped 8% last year and inbound FDI reached a record US$10 billion. In the past two decades Vietnam has gradually implemented free-market reforms, winning praise from foreign investors whose interest in the country has been growing. In November '06, the <a title="blocked::http://go-to.realtor.org/h/WTF0Z/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/WTF0Z/ORY13/E4/TKB70">U.S. Trade and Development Agency</a> honored Vietnam with its <a title="blocked::http://go-to.realtor.org/h/VLR69/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/VLR69/ORY13/E4/TKB70">&quot;Country of the Year&quot; award</a> award, citing the country's &quot;ongoing adoption of modern governance practices, improved investment regulations, and liberalization of the financial services arena.&quot; Investors should proceed cautiously as the government continues to exercise direction over many large, state-owned companies and ranks low on the scale of transparency (<a title="blocked::http://go-to.realtor.org/h/ZGP22/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/ZGP22/ORY13/E4/TKB70">Jones Lang LaSalle's Transparency Index</a>). CB Richard Ellis makes available a free download of a <a title="blocked::http://go-to.realtor.org/h/EXA9U/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/EXA9U/ORY13/E4/TKB70">Property News &amp; Views</a> publication. <a title="blocked::http://go-to.realtor.org/h/30TMR/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/30TMR/ORY13/E4/TKB70">Amberland</a>, an overseas property investment resource, offers an overview on buying property in Vietnam. Other information sources include <a title="blocked::http://go-to.realtor.org/h/161Z9/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/161Z9/ORY13/E4/TKB70">IRED</a>, the <a title="blocked::http://go-to.realtor.org/h/GD7JF/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/GD7JF/ORY13/E4/TKB70">Index of Economic Freedom</a> and the <a title="blocked::http://go-to.realtor.org/h/4CHMW/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/4CHMW/ORY13/E4/TKB70">CIA World Factbook</a>. </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #4d7258; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br /><b>Mexico: A Key Market for U.S. REALTORS® </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">It is estimated that a million Americans own property in Mexico (representing 25% of all Americans living abroad), which is not surprising given the 2,000 mile border shared by the two countries and the burgeoning second-home market. Real estate transactions with Mexico are not just outbound. Nearly 40% of all immigrants into the U.S. are Mexican. In addition to buying property here, they send billions of U.S. dollars to Mexico annually in the form of remittances, which is one of Mexico's top three income generators. An estimated 20% of remittances are being invested in real estate, further supported by the fact that the real estate market in Mexico has opened up dramatically in recent years with the introduction of mortgage financing. The NAFTA free trade agreement translates into dramatic increases in trade and economies that are increasingly interlinked and Mexico is the U.S.'s largest trading partner. REALTORS® can increase their understanding of this important market with a new online course, <a title="blocked::http://go-to.realtor.org/h/7A8W1/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/7A8W1/ORY13/E4/TKB70">&quot;Doing Business in Mexico,&quot;</a> which teaches the basics of real estate transactions in Mexico when foreigners are involved, and presents opportunities and trends in the Mexican residential market. NAR members can also have a direct tie into the Mexican organized property market by <a title="blocked::http://go-to.realtor.org/h/MSKUZ/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/MSKUZ/ORY13/E4/TKB70">becoming a member</a> of <a title="blocked::http://go-to.realtor.org/h/MSKP8/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/MSKP8/ORY13/E4/TKB70">Asociacion Mexicana de Profesionales Inmobiliarios (AMPI)</a>, NAR's association alliance in Mexico. Download the <a title="blocked::http://go-to.realtor.org/h/161A4/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/161A4/ORY13/E4/TKB70">one-page membership application</a>. </td></tr></b /></td /></tr /><!– Story –><tr><td class="blacktext" width="500"></td></tr></td /></tr /></td /></tr /></td /></tr /><!– End of story –><!– Section header –><tr><td class="sectionheader"><span style="FONT-WEIGHT: bold; FONT-SIZE: 13px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #000000; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br />BUSINESS RESOURCES </b /></span></td></tr><!– Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #4d7258; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br /><b>Rocky Mountain Region Hosts '07 Resort Symposium </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">Vail, Colorado is the site of the <a title="blocked::http://go-to.realtor.org/h/VLR63/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/VLR63/ORY13/E4/TKB70">2007 NAR Resort Symposium</a> (June 24-26). This event brings together resort and second-home specialists for education and networking. Registration limited to 350 participants and past Symposiums have sold out, so interested REALTORS® should register early. <a title="blocked::http://go-to.realtor.org/h/JE4FX/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/JE4FX/ORY13/E4/TKB70">Review program schedule.</a> or <a title="blocked::http://go-to.realtor.org/h/4CHM6/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/4CHM6/ORY13/E4/TKB70">download registration form.</a> </td></tr><!– End of story –><!– Itemheader –><tr><td class="itemheader"><span style="FONT-WEIGHT: 900; FONT-SIZE: 14px; MARGIN-BOTTOM: 3px; PADDING-BOTTOM: 3px; COLOR: #4d7258; PADDING-TOP: 3px; FONT-FAMILY: Arial, Helvetica, sans-serif"><br /><b>International a Growing Percent of Relocations </b></span></td></tr><!– Story –><tr><td class="blacktext" width="500">A <a title="blocked::http://go-to.realtor.org/h/YB3VB/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/YB3VB/ORY13/E4/TKB70">survey of U.S.-based corporate relocation firms</a> conducted in 2006 by <a title="blocked::http://go-to.realtor.org/h/SP9B5/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/SP9B5/ORY13/E4/TKB70">Atlas World Group</a> found that 39% experienced an increase in the number of international relocations in 2005 compared to 2004, and 30% said they expected to see further increases in 2006. <a title="blocked::http://go-to.realtor.org/h/7A8WE/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/7A8WE/ORY13/E4/TKB70">Inman News (2/15/07)</a> cited Cris Collie, EVP of Worldwide ERC®, saying &quot;international relocation volumes are increasing at a faster pace following post-9/11 stagnation, [and that] it's not just U.S. expatriates. Australians are moving into Thailand, Singaporeans into mainland China. Business has just become global business.&quot; In 2005, NAR partnered with <a title="blocked::http://go-to.realtor.org/h/62G4P/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/62G4P/ORY13/E4/TKB70">Worldwide ERC®</a>, to survey REALTORS® and ERC brokers on referral and relocation activities. Findings show that 40% of real estate firms participate in some type of referral program, with most of those firms participating in employer relocation programs. <a title="blocked::http://go-to.realtor.org/h/97OKX/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/97OKX/ORY13/E4/TKB70">Read survey highlights</a>, or <a title="blocked::http://go-to.realtor.org/h/U1J6Z/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/U1J6Z/ORY13/E4/TKB70">order full report</a>. A 2006 survey of relocation professionals by <a title="blocked::http://go-to.realtor.org/h/B5CYC/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/B5CYC/ORY13/E4/TKB70">GMAC Global Relocation Services</a> found the United States, United Kingdom, China, Germany, and Belgium to be the most active destinations for relocation, while China, India, and Singapore were named as the most popular emerging destinations. <a title="blocked::http://go-to.realtor.org/h/U1J8C/ORY13/E4/TKB70" href="http://go-to.realtor.org/h/U1J8C/ORY13/E4/TKB70">Request a complimentary PDF of the Global Relocation Trends Survey.</a> </td></tr></td /></tr /></td /></tr /></td /></tr /><!– Story –><tr><td class="blacktext"></td></tr></tbody></table>


Last modified: November 13, 2019 at 4:05 pm | Originally published: March 14, 2007 at 7:52 am
Printed: September 28, 2020