NEW CANAAN, Conn. – Sales agents from William Pitt Sotheby’s International Realty’s New Canaan brokerage recently attended the East Meets West Manhattan Luxury Real Estate Connect conference.
It was sponsored by the Asian Real Estate Association of America at the Waldorf Astoria in New York City.
New Canaan agents Leslie Razook and Inger Stringfellow attended the conference with client Linda Xu. The all-day event covered various global real estate topics, including the rise of Asian economies, and in turn, Asian investors, and how this impacts the current luxury real estate market.
“Participating in this event was a tremendously interesting and useful experience,” said Razook. “The quality of speakers and topics were exceptional, and it was truly helpful to gain insights into how to be of greatest assistance to clients from this emerging luxury market.”
Over the last decade, there have been significant developments in global real estate due to the increased interest in U.S. residential investments by luxury home searchers in Asia. As a result, real estate transactions are closing across borders in all directions.
“I am thrilled with my experience at this year’s East Meets West conference,” added Stringfellow. “In the past few years, I’ve seen firsthand the increase in interest in luxury investments from clients overseas. I loved seeing the facts from our brand’s Wealth-X report come to life.”
According to the Knight Frank Wealth Report, in 2014, New York was the No. 1 city globally for cross-border investment. In 2013, Asian investors alone spent $92.9 billion. The Wealth-X and Sotheby’s International Realty Global Luxury Residential Real Estate Report describes real estate as not only an investment, but also an asset and an overall lifestyle.
Click here to sign up for Daily Voice's free daily emails and news alerts.