The resort real estate industry has adapted to and taken advantage of globalization on a major scale. The industrial industry has adapted by opening offices around the world and trying to teach other countries how to “do real estate”. While we have to adapt to the laws of other places, we don’t always adapt well to the customs.
One problem is that the global supply chain demands standardization of procedures in warehouses and factories. Freight moves in standardized containers. Products come together from wherever the best source is for each module. The handling, shipping and stocking procedures have to conform to the standard systems. The buildings have to conform to the activity involved. Does this mean we can use a standard building?
In some cases it does. In other instances the building is the variable that makes the whole thing fit together. Plumbers would call it an adapter. The customs and processes come together in the building. In most cases, the loading doors need to fit the trucks and trains that deliver and remove the goods. The break rooms and offices need to fit the customs of the people who work there. Everything in the middle needs to bring the systems together.
David Segrest is a REALTOR® in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com He is also a contributor on Argentina to: http://realestatebloginternational.com/
Wednesday, June 30, 2010
Tuesday, June 29, 2010
Governments Respond to Hard Times by Opening Markets
It seems that lowered demand in local markets is forcing many countries to revise their attitude on foreign ownership of real estate. Several countries have regulation changes in the works to make it possible or easier for foreigners to own real estate. Australia has actually passed new legislation
The requirement of a permanent visa for real estate ownership has been eliminated. The $300,000 (Australian) minimum for students has also been removed. For developers the requirement to build within one year of acquisition on new land has been increased to two years. The 50% limit on sales of new properties to foreigners has also been lifted provided the property is marketed locally as well as internationally.
Even Mexico is considering dropping the ban on foreign ownership of coastal properties. Many people wonder why Mexico had the restrictions on coastal and border properties; but one must consider that immigrants from the USA stole 1/3 of the country.
David Segrest is a REALTOR® in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com He is also a contributor on Argentina to: http://realestatebloginternational.com/
The requirement of a permanent visa for real estate ownership has been eliminated. The $300,000 (Australian) minimum for students has also been removed. For developers the requirement to build within one year of acquisition on new land has been increased to two years. The 50% limit on sales of new properties to foreigners has also been lifted provided the property is marketed locally as well as internationally.
Even Mexico is considering dropping the ban on foreign ownership of coastal properties. Many people wonder why Mexico had the restrictions on coastal and border properties; but one must consider that immigrants from the USA stole 1/3 of the country.
David Segrest is a REALTOR® in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com He is also a contributor on Argentina to: http://realestatebloginternational.com/
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