In the 1980s a new phenomenon
came into existence widely known as the international which kept a good pace
with the globalization. The term deals with the real development of the
property, giving land on leases for a time period and selling of land across
the borders of different nations. The most dynamic branch of real estate is the
global real estate but the price of these is influenced by the market values
which fluctuate between different countries. This can be found in the global
credit crisis of 2008. The two categories into which the global real estate is divided are the
international residential and the commercial. The few examples of the second
sub-division are- a citizen of a country purchasing a house in a different
country, a corporation which has a headquarter in one country can purchase and
take a lease of an office or land in another country, any corporation or any
investment group in a country undergoes a construction of a hotel or building
in another country.
The transactions of the most of
the commercial which are international takes place between the corporations and
it may lead to a design of urban planning, financing, engineering and
construction work. From the perspective of a national government the attraction
of foreign investments in the development of projects is of prime importance as
it increases the revenue of the country and also serves as a strategy which
increases the availability of the national amenities as well as the
infrastructure. The major factors which is the cause of the rise of the
International real estate is the post-war development of the infrastructure and
urban development in the developed as well as the developing countries, the evolution
of business which deals with multi-national operations, the international
investment culture which enabled the investors to look at the other countries
for performing average investments.
The transactions generated in the
International real estate are
done by people who purchase apartments and villas in a foreign country. These
sometimes form the market of residential tourism. Passive investment in the
service firms which are international is the method of indirectly entering the
global investment. The direct method of getting involved in this sort of
investment is to gain partial acquisition of any foreign property. The GDP per
capita is usually above the threshold level for the developed countries. The
real estate’s for them from the 45% of the national GDP. Recently, the enormous
increase in the global real estate investing is taking place between United
States and China.
IRES are a federation of the
regional. This federation gets a global co-operation. The mission of this
society is to encourage the co-ordination, co-operation and communication
regarding the research on of the world. It assists the education programs on
the of the world. The individuals associated with societies get the benefit of
IRES.
