International real estate

The term international real estate is a relatively new phenomenon, which implies a post-Globalization real estate, or property sector. The term encompasses real property development and sales/leasing transactions between nations; and the enormous amount of legal, design, urban planning, engineering, financing, and construction work that follows from developmental transactions. International real estate is, by definition, influenced by fluctuating market value in various sectors between counties, as can be evidenced by the 2008 global credit crisis. International real estate is best subdivided into two categories: commercial and residential.

International commercial real estate has been a natural consequence of business' evolution toward multi-national business operations. Often, International commercial real estate transactions require the formation of corporations used to purchase or lease real estate, when freehold ownership is not permitted.

International real estate, as it involves the purchase and sale of international residential real estate, is often limited to the "luxury" sector of the real estate market, usually defined as the top 10% of sales prices in a given market. This is because international home purchases are usually buyers' second homes, although marketshare exists in "affordable luxury" holiday homes. Within the international residential real estate sector, great emphasis is placed on property marketing.

International real estate may have been aided by modern media such as internet or international media, as it catalysed globalization and aided in the communications necessary for transactions to take place. It is not true that international real estate did not exist before the World Wide Web, but it is certainly true that it was not as effective and accessible as it is nowadays.

International real estate is one of the most dynamic branches of real estate encompassing experts from many different fields, including law, civil engineering and construction planning. Its main aims include infrastructural development and augmentation of the tourist industry.

The recent construction of international real estate directories and forums in which the interested parties can communicate and exchange information has been a major breakthrough resulting in major development in the field.