Dr. Rick C. Ernst
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High End Real Estate

Selling a Luxury Home This Summer? Follow These Tips
www.totalmortgage.com

Work with an agent with luxury experience: Selling a luxury home takes far more time and connections than does selling a traditional home. Because of this, you'll want to work with a real estate agent who has years of experience selling million-dollar …

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How New York Real Estate Became a Dumping Ground for the World's Dirty …
www.thenation.com

The journey of Wu Shu-jen's ill-gotten cash illustrates one of New York's dirty secrets: High–end real estate in the city is an alluring destination for corrupt politicians, tax dodgers and money launderers around the globe. Since 2008, roughly 30 …

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Restaurateurs sour on rising rents
www.rew-online.com

Steve Rappaport, senior managing director at Sinvin Real Estate, sees the shuttering as a normal part of the industry. “There's always change,” he said. “Any business at a specific location is accustomed to a certain level of expense, and when that …

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The Growing Real Estate Gap: Rich vs. Super Rich
www.thefiscaltimes.com

"You're seeing a wider spread now between the very high end and what we'd call the middle class in New York," said Jonathan Miller of Miller Samuel. One reason for the growing gap is new development. Most of the new construction in Manhattan is large …

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Multimillion-dollar condo development is back, at least in Bethesda
www.bizjournals.com

Goodwin said 1788 and Persimmon decided to move forward with the project for several reasons — its location, a lack of other newly built, high–end condos in the area, and the strong interest he has seen in another project, The Estate Condominiums at …

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House Hunting in … Turkey
www.nytimes.com

Several of the apartments are on the market at various prices; the entire building could be bought for $8.2 million, said Cindy Uriona, a broker with the Luxurion Real Estate Group in Istanbul, which has the listing. Historic features of the eight …

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High-end properties soar in Auckland
www.stuff.co.nz

Winter has dampened the Auckland property market, but prices still rose last month, figures from Barfoot & Thompson show. The average sales price during June was $714,054, up 1.6 per cent on May's average price, the Auckland-based real estate company …

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For Jerusalem's future, foreign real estate investment must be lauded
www.jpost.com

Indeed, among the city's fastest growing real estate sectors is the high–end luxury market, with numerous buildings catered to this demographic making their ways upwards throughout the city. Undoubtedly the large percentage of buyers in these buildings …

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Posh real estate fund earns double digit returns
www.bnn.ca

The barriers-to entry in the world's most high–end real estate markets may seem too high for the average commercial investor to see double-digit returns on exclusive properties, but Manulife's Global Real Estate Fund offers some nice exposure to that …

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