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Surprise! Your Market IS Global
Thursday, Oct 19, 2017 @ 04:26 PM

When I interact with other associations around the state, I often get the question, “Why has BH/GLAAR involved itself so deeply in Global?” Then there is usually some jab about wealthy REALTORS® and a jet setting lifestyle.


 

Once I am done perpetuating the belief that up here in LA we are jet setting and enjoying fabulous meals in the French Riviera, I break it down to basic brass tacks.


- $153 Billion dollars were invested in US Real Estate in 2016.

o The Previous 2 years were more than $100 Billion Each as well

- California is in the top 5 states where foreign investment occurred

- Los Angeles is the 3rd most sought after marketplace for international investors

- France is a top 10 investor in the LA Marketplace – and we have a relationship with their version of NAR (FNAIM)

- Canada and China are the top 2 investors, followed by England and Mexico – combining for almost half of all international investment in the US


Our market is Global.



Additionally we’ve learned that our clients are the exact types of people that projects abroad are trying to attract.

We attended the premiere international real estate trade show – MIPIM – back in March. There we learned about countless developments seeking buyers, investors, and partners across the globe – and they all wanted LA contacts. We saw this as an opportunity to bring new business options to all of you.


In 2017 and 2018 we will be building a conduit between you, the BH/GLAAR REALTORS® and all of these projects so you can better represent your clients – stay tuned for some incredible developments along these lines.

Last, we realized that all the contacts, trade shows, and investments in the world aren’t worth much if we don’t demonstrate the professionalism and capacity to represent our clients well. We are bringing increased educational opportunities to BH/GLAAR throughout this year.


- Certified International Property Specialist Course – October 2-6

- Transacting in the Americas – November 13th

- Trade Mission to Paris for FNAIM Conference – December 9-14


Join us, and build your business.


Chip Ahlswede

CEO

Beverly Hills/Greater Los Angeles Association of REALTORS®



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