Top Eight Millionaire Homes in The World
Have you ever wondered what you can get for your million bucks in different parts of the world well here is the answer. We have selected our top eight
millionaire homes all suitable for ‘A’ List Hollywood Stars or celebrities who may have eye
luxury real estate abroad. Each home selected has its own unique quality that puts it in the magic zone of a Millionaire home. One consistent feature that makes these homes very expensive places to buy is not the features i.e pools or saunas or the marble floors its all about the location.
Luxury Homes From Around The Globe
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 Italy |
 Portugal |
 England |
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EUR 2,800,000
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EUR 6,500,000
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GBP 5,000,000
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Italian villa renovated to a high standard
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Luxury villa of majestic proportions.
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9 Beds all with bathrooms secluded rural setting
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How To Buid a Million Dollar Real Estate portfolio
The technique only works in areas where house prices are rising fast and opportunities exist to purchase off-plan properties, where discounts of up to 15% are not uncommon.
Investors begin by purchasing one or two off-plan properties. These are properties that are not yet fully developed or have only just received planning permission. Developers tend to offer larger discounts to people who are prepared to buy properties at this stage of the build.
On completion, the investor will refinance the properties. A combination of rising house prices and the discounts gained at purchase, ensure that the property is refinanced at a higher figure than the original purchase price. The extra money gained through refinancing is then be used as a deposit for another two properties.
This cycle will be repeated a number of times by the investor until they have built up a strong portfolio of investment properties, with a combined value of more than a million pounds.
Further advice
Before deciding to use this property investment technique, it is essential to get further advice on the legal, tax and financial issues.
A number of property investment companies exist to help advise their members on these very speculative investments, but be wary of the less scrupulous companies that charge their members £1,000s to attend seminars or build portfolios on their behalf.
Source: Don Suter is Managing Editor of the UK Property Portal http://www.ukpropertyportal.co.uk, an on line directory and magazine for UK property sales, rental, surveyors, mortgages, conveyancing, property insurance, removals, news, investment and development
I have equated international real estate markets with the times of the day, this came to me as we turned the phones on to the 9am caller. These were the best calls to receive they tend to be motivated buyers so keen they are waiting for your office to open! They have been up all night doing research and have woken with one thing on their minds buying an overseas property
The 9am market for me today is without a doubt Egypt. A housing market presenting low enough prices that investors don’t even need finance. A great place to buy in a credit squeeze, investors are also not exposing themselves to too much risk.
US Housing market
It surprised me that with low prices and favourable currency exchange rates that the US housing market was not indeed another 9am housing market. In fact the last few months I would say its been a sleepy 3am real estate market
All the figures point towards 9am for US property but the feelings of uncertainty of this region seemed to keep the US market firmly in the dark hours of morning.
Today I have seen movements towards the US market from international buyers and their are changes in the types, places and people who now see the US market as great place to buy. Two years ago all the action from international buyers was taking place in Florida, today’s buyers are finding other US states as attractive places to buy.
A great example of how the credit squeeze has changed international investor buying habits in the US is seen with property in Rochester City in Western New York State, USA. Rochester is the 3rd largest city in Western New York after New York City. It is an area that is coming out of recession and where the cheap property market is investor driven. Investors from all over the world have already invested into this low cost investment market and have been reaping the benefits from the high yield rental income it has to offer. This is a city where there are large employers such as Kodak, Xerox, Wegmans Foods and the Optical Science University. Properties with tenants start from only £15,000. Over the last two months this region has been a firm 9am market.
Florida lifestyle buyers are ringing at 11am
When you have a dream about retiring to the sun and have planned a lifetime to buy a property abroad a credit crunch will not put you off. I have seen this with Florida lifestyle buyers increasingly this market is heading towards 9am, today it is at 11am. Buyers are very motivated and very interested in what the sunshine state has to offer. The strange thing is once they find out what they then can buy with their money they turn into 9am buyers. Some of these buyers are getting double for their money.
I had a couple from the UK ring with their budget of £200,000 they had planned a nice modern 2 bed home or condo. Now they can easily achieve a 4 bed house with pool and lots of incentives thrown in. What is more they are in charge they are calling the shots and can walk away from a house if they don’t get the price they want.
These are all early indications that the US market is turning the corner after all who can resist a bargain. Buy low sell high is the cry from the market floors its seems that this is certainly the case for the US property market
Minnesota is an unexpected hotbed of “McMansions,” dubbed for their admirable size but lack of original architecture. The newest generation of the Jones strive to ever-triumph over their neighbors, whether they know it or not, through bigger-and-better houses and technology.
According to the National Association of Home Builders, the average square footage for a single-family home in the United States has climbed from 1,700 in 1976 to 2,469 in 2006. In the future, the large single-family homes which are popular today could become multiple-family homes, making room for new innovations in housing for all levels of income.
Should something be done to stop this progress? Many people in Minnesota are disappointed in the complete destruction of older, smaller homes in traditional neighborhoods to make room for the 5,000-square-foot “McMansions” of the future. While some prefer more spacious outdoor real estate, other desire increased living space indoors.
It’s clear that real estate agents and buyers alike have their work cut out for them in deciding what kind of home will work best. However, when in doubt one can easily invest in a larger home without being labeled a “Jones” by carefully purchasing a less ostentatious styled residence.
France
Dubai
USA
Queensland, Australia
Barbados
