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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Thu, 10 Mar 2005 16:46:20 +0000
/ Author of the message: sufaud |
Title of the message: |
WSDJ: Declining Dollar Enables Europeans to Buy U.S. Homes,
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Text of the message: |
March 9, 2005 PROPERTY REPORT Real Estate's Foreign Affair Declining Dollar Enables Europeans to Buy U.S. Homes, Pushing Up Prices for Locals By RAY A. SMITH and RYAN CHITTUM Staff Reporters of THE WALL STREET JOURNAL March 9, 2005; Page B1 Pam Gilhooly and her sister Valerie King, both of Edinburgh, Scotland, spent many holidays in Florida and often dreamed of buying a place there. Their wish came true last year when the weakening dollar enabled them to pool their savings to buy a four-bedroom, 3?-bath home in Orlando for $214,000. "We thought it was a fantastic time to buy," Ms. Gilhooly, a lab technician, says. A similar property back home would have cost about $950,000, she says. "The currency definitely helped." The weakness of the dollar has suddenly made the cachet of owning a second home in the U.S. possible for many Europeans -- and they are snapping up |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.