Dr. Rick C. Ernst
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High End Real Estate

Investors show interest in DAMAC Esclusiva in Riyadh
www.arabnews.com

DAMAC Properties, a largest private luxury developer in the Middle East, announced the launch of a number of luxury real estate projects across the region during the first half of the year, with luxury serviced hotel apartments accounting for the …

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Lew Says Congress Must Avoid Last-Minute Drama on Debt Limit
www.bloomberg.com

Obama wants to end automatic cuts, while the Republican-controlled House has shown little inclination to take up a compromise to avoid them. The forced spending cuts, known as sequestration, have … Yields on Treasury securities dropped to record lows …

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Big deals rise for North Jersey commercial real estate
www.northjersey.com

And the dearth of luxury rental properties in Bergen and Passaic counties makes apartment buildings such as Prospect Towers an alluring asset, real estate experts said. In addition, some of this year's deals are the result of investment firms …

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For U.K. Real Estate, All Signs Point to London
online.barrons.com

"People say London's property market is as disconnected from the rest of the U.K. as it's ever been," says Chris Grigg, chief executive of real–estate heavyweight British Land. Central London property values and rents have been strengthening since the …

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Italian economy minister calls end to recession this year: press
www.chicagotribune.com

… estimates Rome could reap 400 billion euros from the sale of state assets were too high. "We will start with real estate… it will not be an easy or quick job… but it is right to get going to give a concrete signal to the market," the minister …

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BSP rates to remain steady until end-2013
business.inquirer.net

As to whether a weak peso was an inflation risk, Trinidad said unless it was a massive currency devaluation arising from a significant current account deterioration—which was not the prevailing case—and without a higher oil price outlook, the ensuing …

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Adelaide twins Alisa and Lysandra Fraser win The Block Sky High 2013
www.heraldsun.com.au

The twins were the bookies' favourites to win The Block Sky High. Before appearing on the show, Alisa had dreams of being an interior designer and Lysandra was interested in real estate. After an opening offer of $1.1 million, dozens of would-be …

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Bubil: Looks can help make a sale, professor says
realestate.heraldtribune.com

Some real estate agents might be offended if I did not run their photos. So I won't. Here's the story: An associate … In my opinion, the reason is that they land more high–end listings, which take longer to sell and are a smaller percentage of the …

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High End: What $1.2 Million Buys in Town
northandover.patch.com

We've heard all about affordable homes for those looking to jump into the real estate game on a tight budget. But what if you have the bank for bling? Check out this country estate at 115 Carter Field Road. With more than 5,700 square feet, this 4 …

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