Even though The Bahamas are not the Caribbean, most people still think they are! And…they are one of the easiest islands to get to from the U.S.

You remember one of my last articles about The Bahamas and how they are rated one of the Top Five islands in Paradise. Well, the outer island of Exuma in The Bahamas may be the top pick to check out for fractional ownership today. One of my latest articles was about the challenge that will show up in September to travel to the Caribbean because of the cut backs of American and Continental Airlines. Well, The Bahamas, Bermuda, Cayman Islands, Belize, and The Turks & Caicos will not be affected by these flight cutbacks because of all the direct flights from the U.S., Canada, and Europe that don’t go through San Juan, Puerto Rico. Plus, the ownership of property is even more advantageous because of the favorable tax haven of these islands nations.

The reason why I am featuring the island of Exuma as an option for fractional ownership is because of what is being offered at the February Point Resort. They have fractional ownership opportunities starting at $350,000 and up for a month or more of a second home in Paradise. The specific aspect of February Point that I want you to know about is the fractional ownership opportunities in BIG villas; 4-bedrooms; 4-baths; 3,400 sq.ft. with air conditioning; 2,100+ of verandas around the villa; an infinity pool; and, 360 degree views of The Bahamas. Plus, the villa has a dock on the azure blue water! Are you ready for this? It also includes an SUV; a 26 foot power boat; a BIG golf cart; membership in The Club at Emerald Bay which includes the use of a Greg Norman designed oceanfront golf course; and you can have access to over 150 properties all over the world to visit through the Resort To Resort membership!

And…there are still a few aspects of fractional ownership to pay attention to. The fractional model at February Point is designed to have each owner purchase specific sections of the year. The first one in gets the prime times. So, if you own a piece of February and you want to visit in August you will need to work that out with your other owners or the management company. Also, how do you manage your personal possessions that you want to enjoy when you are at your fractional ownership villa? There are storage facilities available, and the management company unpacks your stuff before you arrive. But, you only have a limited amount of “stuff” to pack into your storage space, so you definitely know your piece of Paradise is not just yours.

What do I know? But, I believe that there is still an upside appreciation waiting for those that jump into the fractional ownership opportunities at February Point! Great Exuma is linked by a narrow bridge to Little Exuma, which used to be a “Caribbean” backwater. Today it still has fewer than 4,000 inhabitants, but all that is changing. With February Point’s oceanfront settings, the luxury amenities of the resort, the furnishings that come with the fractional ownership of the villas, and the tax advantages of The Bahamas, it is a very appealing option for those wanting to own a piece of Paradise. Until next time…your Caribbean detective remains on duty!

In spite of the double-digit growth of U.S. visitors in 2007 to the Caribbean the airlines are cutting back flights!

I am not an alarmist, nor do I ever look at my glass “half empty”.  But, there are a series of SERIOUS decisions being made by the major airlines serving the Caribbean!  The past year has seen on of the largest levels of visitors to the Caribbean in history – over 15 million people enjoying the most beautiful resorts and beaches in the world!!!  As I have written many times, the Caribbean is THE place to be for second, third and fourth homes – whether fractionals or full ownership real estate. 

During my 30+ years of traveling to the Caribbean I have NEVER thought about not being able to get there.  My only concern is planning my monthly and yearly schedules to fit in the hundreds of adventures I have enjoyed over the years – from the BVI to Trinadad/Tobago.  BUT, today, with the monumental impact the oil prices are having on all aspects of our lives, the ONLY method to get to the Caribbean – airlines, are cutting back or canceling their flights to Puerto Rico, the visitor’s hub to all the Caribbean islands.

Allen Castanet, the chairman of the Caribbean Tourism Organization said last week, “Billions of dollars of investment are being exposed, and thousands of jobs are being exposed.”  The weak link in access to the Caribbean is American Airlines.  They are in a mess and are struggling to stay in business.  Here is the rub…they currently control more that 60% of the passengers traveling through Puerto Rico as they connect to smaller airplanes servicing each of the Caribbean islands.  American Airlines has just announced that they are cutting back their daily flights to Puerto Rico this September from 93 to 51!!!  Holy Moly!!!  If you owned any tourist oriented business in the Caribbean, wouldn’t this news put shivers up your spine?  This is a BIG issue that will need to be addressed by anyone who has an interest in the tourist economy of this very special region of the world.

The flights that are being cut to Puerto Rico will also greatly impact the cruise line business.  San Juan is the city where most cruise line passengers meet their ships.  Over ten cruise lines use San Juan as their destination port.  Continental Airlines is another big player in flights to San Juan, and they are now expected to announce flight cuts because of the price of jet fuel and the soft American economy.   Last week Spirit Airlines has closed their Puerto Rico hub entirely!

Again, in past articles I have highlighted the amazing opportunities in the Dominican Republic -fractional and full ownership real estate opportunities.  Get this…from January through April of this year more than 407,000 tourists visited the DR – a 6% increase over the same period last year!  The question now is how will you get there?  Peter Muller who owns the Hotel Coyamar in Samana, Dominican Republic said, “This is just the beginning.  We’re going to reach a point where it’s no longer worth keeping the airport open.”  In spite of this latest blow to those wanting to travel to the Caribbean, solutions will be found.  Those travel solutions will cost a lot more, but they may be the only options we have.  One thought may be that Cancun becomes the airline hub to the Caribbean.  It would make traveling there much more difficult for those U.S. travelers from the East Coast, but it would be about the same travel time for those going to the Caribbean from the West Coast.  It would also immediately put the focus on Belize, Turks & Caicos, Bermuda, Bahamas, and the Cayman Islands as places to consider for your next Caribbean home.  I am absolutely sure viable solutions will be discovered.  But, for the short term, we will all need to make flight plans months in advance in order to make sure we get a seat.  Let me know your thoughts on these latest developments impacting traveling to the Caribbean.  Until next time…your Caribbean lifestyle detective is on duty.

No matter what you may think, Caribbean home buyers are changing their buying patterns because of the OIL CRISIS!

I am a non-stop student as to what is happening within the local and global economies. I am reading, or I am on the internet everyday checking out the latest news. (I do have a booboo on my head in this photo from a sailing accident.) They impact all aspects of real estate – from the Thailand to the Caribbean. Luxury Fractional ownership continues to thrieve because of pricing and ease of management. One of the economists that I read each week is Bob Doll from BlackRock. They are a premier provider of global investment advisory services. Bob writes a weekly perspective as to his take on current economic events. Here are some of his thoughts last week that focus on the impact of oil prices on world economies. Some of you will ignore this article because of the word “economist” next to Mr. Doll’s name, but it does have some good stuff in it.

Bob Doll – BlackRock: ( Mr. Doll is also the Global Chief Executive Officer For Equities, and was the President and Chief Investment Officer of Merrill Lynch Investment Managers. BlackRock has $1.36 trillion in assets under management as of 3/30/08.)

The surge in oil prices comes at a bad time for the U.S. and world economies. Consumer spending is already stretched, the housing market remains weak nationally, and the employment picture continues to soften. High oil prices will no doubt detract from overall economic growth, but we would also note that aggressive monetary and fiscal stimuli should provide some offset. Our overall forecast for the economy calls for continued weak, but positive growth. The labor market remains under pressure, but unemployment claims have not increased as much as they typically would prior to a recession, and remain consistent with modestly positive economic growth levels.

To us, the critical oil-related issue is whether higher prices will trigger other inflationary problems, chiefly, accelerating wage growth. To date, there has been no evidence of that, which is one of the reasons we maintain our belief that inflation will behave itself. Headline inflation ( which includes energy and food prices ) continues to be boosted by surging commodity prices, yet core consumer inflation ( which excludes energy and food prices ) remains tame and labor costs have been easing. Looking ahead, we expect that the weak economy could cause inflation pressures to moderate and that headline numbers could come back down to core levels. The long-term case for higher oil prices is still intact. Rising demand in China and other developing markets such as India, coupled with shrinking global supply, means that the ear of cheap oil is, unfortunately, over. We do, however, continue to believe that oil is due for a near – term correction or consolidation.

Putting this all together, we believe that energy prices will correct at some point, that the the U.S. economy will slowly heat over the next 12 months and that inflation will eventually drift lower. Ironically, a muddling economy is probably the best environment for stocks at present. Slow growth will prevent inflation from becoming a problem, while also keeping the economy out of deflationary territory. Markets are benefiting from some other tailwinds as well. Earnings estimates, continue to fall for financial companies, but non-financial earnings remain sound. Valuations remain attractive, and there is still a great deal of cash on the side lines that should eventually move back into the world markets. Our view remains that the S&P 500 low of 1,270 (touched a couple of months ago) marked the bottom for the current cycle, but we also believe tha the S&P hit a temporary ceiling of 1,425 before last week (roughly corresponding to a Dow Jones level of 13,000). At some point, we believe the positive factors we described will allow markets to break through these levels, but predicting exactly when that will happen is, of course, an impossibility.

After a minute or two of reading Mr. Doll’s economic thoughts, remember that the Caribbean real estate markets are still very STRONG. We continue to see an increase in sales in the Fractional world. People are also making real estate purchase choices that are closer to their personal needs, like health care. Let me know your comments on the experience you are having with current economic conditions where you live. Until next time.

NEWS FLASH: The most beautifully planned development in Aruba is about to offer Fractionals!

Tierra del Sol - the only planned community in the Caribbean, with the Trent Jones champion golf course is launching a fractional project to go along with their beautiful development that includes homes, villas, condominiums, golf, spa & fitness, fine dining, and much more.  At the northwest tip of Aruba, has emerged a gorgeous 600 acre community offering a lifestyle to satisfy even the most discriminating of owners and world travelers. With today’s planned lifestyle, Tierra del Sol gives you the opportunity to purchase the home of your dreams just a chip shot away from the green, even if you are not an avid golfer.

This private community offers a remarkable experience within a meticulously planned and highly acclaimed environment. Homeowners and vacationers experience world-class amenities, including fine and casual dining, a full service spa, fitness and full care beauty salon, lighted tennis complex and unlimited greens at a championship golf course, displaying its own challenging version of Robert Trent Jones II - the only professional golf course on Aruba.

The tranquil setting provides a gracious lifestyle amid some of the most beautiful Caribbean views. Custom homes, villas, casitas and home sites accommodate a wide variety of expectations for your personal lifestyle. A homes at Tierra del Sol incorporate distinctive design features, tailored to the desert surroundings and complementing the natural beauty of the landscape, creating an inspiring and tranquil environment within this beautiful private community.

 Body &  Soul is a sanctuary amidst the finest displays of nature. Nourish your body, revitalize your mind and enhance your well being with a journey to vitality.  Pamper yourself from head to toe.  Their spa treatments are designed to ease tension and restore balance to your body and spirit. The spa’s professional staff offers a variety of therapies, including massages, body wraps, skin and body treatments, aromatherapies, hydrotherapy, manicure and pedicure and a newly opened full service hair salon.

 As you know, each time I get off a plane in the Caribbean, no matter what island it is,  the words that go through my brain are, “Welcome Home!”  That is the experience you will have when you arrive at Tierra del Sol.  For more information about pricing, contact me!  Until next time…fair winds.

No matter what the project is in the Caribbean, controversy sometimes surfaces…a summary of their article and a response from South Beach Belize representative - Tom McPeak

San Pedro Sun Article:  South Beach Belize

On May 17th, 2008, an email was sent out to various possible and interested investors around the world. The email carried the headline “Exclusive pre-construction opportunity in beautiful Belize” and was sent by Director for South Beach Belize, Jeff Pierce.

The release states that “This exciting project has earned tremendous response in the very few weeks that the web site has been up. A luxurious gated community featuring a Casino combined with a large hotel, multiple residential properties and Villas plus commercial and recreational venues. We have the support of the Prime Minister, Minister of Tourism, Mayor of San Pedro, the Area Representative and other Ministers and Cabinet Members to insure the success of South Beach Belize. We are located at the southern tip of the island (South Beach) only ten minutes by boat or fifteen minutes by road from downtown or the airport. We are starting construction of the first Villas and Condominiums in the next 30 days. The newly elected government of Belize is very in tuned with growth and expanding the economy. Several of the ministers have visited the site and we have the full support of the government for South Beach.”

Location

South Beach Belize is a proposed development located on the southern end of the Yucatan Peninsula on Ambergris Caye, approximately four miles south of San Pedro Town. According to Manager of the Hol Chan Marine Reserve Miguel Alamilla, South Beach Belize could have detrimental effects on the ecosystems surrounding the proposed site. Any development that proposes to build anything in close proximity to the reserve would need an EIA prior to proceeding. If the development is not properly monitored as per the specified regulation set by the Department of Environment (DoE) all four zones within the Hol Chan Marine Reserve are being placed in danger.

EIA, Clearance and Support

Prior to developing, Director Jeff Pierce was required to submit an Environmental Impact Assessment with the Department of Environment (DoE) which falls within the Ministry of Natural Resources. In an interview with Martin Alegria, Chief Executive Officer for DoE, no EIA had been submitted by Pierce, as of press time. On Thursday, May 15th, 2008, Alegria, along with other government agencies paid a visit to the site and verbally told Pierce to cease any and all work being carried out on the project.

So, with no EIA, no support, what will happen to South Beach Belize? Reliable sources informed this reporter that since the verbal “cease construction” stop order given to Pierce on Thursday was not followed through, a formal stop order will now be issued and Pierce may face a fine, as well. When asked if DoE had indeed issued him a verbal stop order, Pierce commented, “I don’t believe so.” He ended the telephone interview by stating that he was to meet with DoE on Thursday, as well as with Minister Heredia.

Tom McPeak’s Response ( Jim Walberg asked the U.S. representative of the South Beach Belize project for a response to this article.)

 All appropriate submittals for development at South Beach Belize are made as required.  As a developer in the Florida panhandle I can tell you that there is a continual stream of submissions before, during, and after the completion of multiple phases in a project.  The timing of some submissions is based on discussions with regulatory authorities, and may vary depending on those discussions.  If a developer cannot solve inevitable public and private challenges as they occur, he cannot develop.  Jeff Pierce is a successful developer in Belize, as measured by the beautiful and financially successful recent project, Reef Village. 

 In any development of this size, there is normally greater publicity (both positive and negative) in the beginning, with a normal diminishing as the project moves forward.  Generally, by the time there is no publicity at all, the prices have gone up and the best lots are sold. However, since the project has only recently been started, you may want to wait until the current matter is settled. 

I welcome your comments regarding the process of developing real estate in the Caribbean.  There are many complicated factors.  I want to always bring to you all sides of the issues facing Caribbean real estate development.  Until next time.

Placencia Peninsula is the latest location for Belize’s newest luxury resort!

The Placencia Peninsula - an 11 mile strip of land sandwiched between the Caribbean Sea and the Placencia Lagoon in Belize, has beautiful white sandy beaches and – because of its distance from the reef – it also has “real” surf. The water is clean and clear; the trade winds gentle and cooling.

Remember that Belize has a stirring and lively history beginning in 200 BC with the ancient Mayans. In the 17th century Spain settled the country. It then survived war, piracy and slavery until being declared a British colony – British Honduras – in 1871. It gained self-government in 1964, chose the name Belize in 1973 and became an independent member of the British Commonwealth in 1981.

 The beaches along the Placencia Peninsula are dotted with small resorts that can easily arrange dive and snorkel trips to the reef, which is about 17 miles away. They can also arrange day trips to many small, idyllic cayes, such as Laughing Bird Caye, a mini-atoll that offers protected snorkeling and swimming, a white sand beach and many cooling palm trees (it even has hammocks!) Laughing Bird Caye is also a favorite camping site for reek kayakers who base their expeditions in Placencia. A hotel can also arrange deep sea or reef fishing trips, or day sailing on a 57-foot catamaran.

 Placencia along with Ambergris Caye are now two of the country’s main tourist destinations, and they are also well visited by Belizeans from across the country on local holidays. You can get a delicious plate heaped with stewed chicken, rice and beans for about US$4. There are also several small gift shops, a post office and some night life. Nearby Mango Creek/Independence Village also has a disco and weekend activities.

 Another new resort is planned for Belize – The Palmetto Bay Resort at Maya Beach being developed by Dave Bowman and his exceptional team.  It is located on Placencia Peninsula it will offer beachfront real estate and four star amenities and will be the first development in the Caribbean designed ‘green’ from inception to completion.

The first phase of the gated resort, which is currently under construction, will be comprised of 36 whole-ownership, luxury beachfront condominiums ranging from approximately 1,100 to 4,500 square feet, each with open views of the Caribbean. ( In a perfect world, I will be talking with Dave about offering some of their units as fractionals.) Prices will start in the low $300,000s. The turnkey one- two- and three-bedroom residences are spread through two low-rise buildings. Designer Julieanne Dobson who also worked on Francis Ford Coppola’s Turtle Inn in Belize.  He is creating the interiors using warm woods and natural stone, vibrant contemporary textiles, and niche lit Mayan and African inspired art.

Ownership at Palmetto Bay Resort will include access to fitness facilities, conference rooms with wireless internet; 24-hour reception and security; fully equipped luxury kitchens with gourmet utensils and stainless steel appliances; balcony barbecues; and lush, mature landscaping with use of indigenous fruit trees and plants. The property will feature a 300-foot oceanfront infinity pool, a 400′ private beach, beach boardwalk, and private dock.

We have been telling you about Belize and the many awesome opportunities for second and third home ownership for months!  It is now time to act.  Let me know if you are ready!

In spite of the real estate challenges in the U.S. markets, the world is still flocking to the Caribbean for values and lifestyle!

It has been amazing to participate in such an exciting real estate market as is happening in the Caribbean Islands!  The stars are aligned regarding the world currency markets plus the experience that people who want a tropical life style are able to find from the Dominican Republic, to the British Virgin Islands, to Aruba, to Belize!  Because of the strength of the Euro, Pound, and the Canadian dollar, Caribbean real estate is looked upon as a real bargain.  And, it is one of the safest places for people to have a second, third or fourth home given the chaos that is in much of the world at this time.  In addition there are direct flights from Chicago eastward, Canada, England and Europe.  These factors are creating a “perfect storm” for real estate purchases.  And…the sellers are loving it, too!  Here is an article I pulled from Internatinal Living written by Don Ediger a month or so ago.  It will tell the “story” of what we are experiencing even better.  His focus is Belize.  Enjoy, and contact me if you want more inforamtion about the exciting Caribbean real estate markets.

By Don Ediger – International Living 

Real Estate prices in Belize are rising, thanks to a surge in demand from Canadians and Europeans, especially the Irish. The phenomenon is apparent all around the country. In Corozal you’re likely to see real estate agents showing property to European clients, and in San Pedro on Ambergris Caye, new Irish residents regularly meet at a local restaurant where they would have been a rare sight only a year ago.

It’s mostly a result of the soaring value of the euro and the Canadian dollar. The euro is currently worth about $1.54, and the Canadian dollar-for many years worth much less than the American dollar-is now trading at just about an even rate. The Belizean currency is tied to the U.S. dollar so that two Belizean dollars are worth one greenback.

A few Canadians and Europeans have always shopped for property here, but their interest and presence in Belize has increased dramatically this past year. It’s easy to see why: the tropical climate and lifestyle in a stable country where English is the official language is attractive. Moreover, Belizean real estate prices are lower than prices in many other English-speaking parts of the Caribbean, such as the Bahamas.

The bargains aren’t hard to find if you know where to look. Some of the best values are in the Corozal area of northern Belize, which is near Mexico and the beautiful Corozal Bay. A three-bedroom house with a view of the water was recently listed at $125,000.

The Cayo District, in the rainforest to the west, is another haunt of bargain-hunters. A new three-bedroom house there was recently for sale for $75,000.

That’s a big contrast from the $150,000 to $350,000 that you could expect to pay for a condo in San Pedro on Ambergris Caye, the elegant island off Belize’s northern coast, or in Placencia, the seaside resort to the south. (South Beach Belize is the exception, where pre-construction Condos start at $139,900 and Private Villas – INCLUDING LOT, at $199,900!) 

Plus, foreign buyers now pay less “stamp tax.” Until recently, Belizeans paid 5% of the price of a property purchase in stamp tax…but most foreigners had to fork over 15% (on all but the first $10,000). Today, the stamp tax is 5% for foreigners and Belizeans alike.

This is the right time to look for real estate in Belize. If you wait, the demand from foreign buyers may continue to push prices up.  Your Caribbean lifestyle reporter remains on duty!  Until next time…Fair Winds!   Comments are always welcome!

Viva Resorts has just launched three locations in the DR and more to come!

Last month Viva Resorts announced the launch of Viva Residences, a fractional deeded ownership aimed at the worldwide “baby boomer” tourism market starting in the Dominican Republic – Play Dorada, Puerto Plata, and Las Terrenas at the Samana peninsula.  You recall some of my past postings regarding viewing the Dominican Republic as one of the best values in the Caribbean for fractional and full ownership vacation resort living.

The launch of this venture was highlighted in DominicanToday, and Viva Resorts will also include Mexico, Bahamas and Brazil, besides the Caribbean.  Their architect, Antonio Imbert has designed Viva Residences in Las Terrenas, with about 70 villas and apartments in front of the sea, clubhouse, gym area. The construction is scheduled to begin this month – May.At Santo Domingo’s Hotel Embajador, Viva Wyndham Resorts president Ettore Colussi said the offer will also include several restaurants, a modern spa, and a swimming pool which wraps internally around the project. 

He said all the units have balcony or terrace, water heating system and a modern kitchen totally equipped with household appliances. Some of the properties have Jacuzzi or swimming pool and a private gazebo.Mr. Colussi said these properties have swimming pools and Jacuzzis, discothèque, spa and gym, boutique, stores, casino, the complex’s golf course and the hotel’s services.  In all developments buyers will get deed of property, ordinary and extra maintenance for gardens and other areas, security services, private beach club, receptionist and manager, 24 hour water and electric, the possibility of renting and/or interchanging the units through a specialized rental network.  

The Viva Resort management at Las Terrenas said, “We don’t know if it’s the perfect white sand beaches, the crystal clear waters, the palm trees or the fun atmosphere, but guests keep telling us that the Viva Residences embodies their lifelong vision of a Caribbean vacation spot.” Prices will be announced in the next month.  As soon as I get the info I will pass it on.  And, if you find out more info let me know.  I look forward to having all of us learn more about these Caribbean residence opportunities.  Until next time…I remain your Caribbean lifestyle detective.

In spite of the credit woes of major world markets, the Caribbean condo / fractional ownership markets continue to expand!

The news last Friday from the Wall Street Journal and the National Association of Realtors is the second home purchases last year represented almost a third of all home puchases, and the focus on those purchases were in the condo / fractional markets!  If you have been following my postings, you know my belief that the trend in Caribbean real estate is in the fractional deeded ownership world.  And, the great majority of those purchases are in the condo products.  There are seveal factors leading to this thriving segment of the real estate markets in the Caribbean.

1. Easy access of the purchase because of pricing and financing.  Many of the homes and villas in the Caribbean have priced themselves out of the reach of most consumers.
2. Location, location, location!!!  Developer of the condos and fractionals realize the intense interest in owning something in Paradise, so they are building them on a beach setting in the most beautiful part of the world.
3. NO maintenance other than making sure you care for the interior of the condo.  All outside maintenance and management is included in the price.
4. With the fractional condos, the product has created such an easy access appeal to consumers all over the world, that even the major luxury resort builders are recognizing the profitability for them to create and expand the product.
5. The incredible value of the world currency compared to the U.S. dollar.  Wouldn’t like to have your currency in Euros today – $1.61 per Euro?

If you are in the shoes of the developers, they are able to leverage their investment in the development and buildout of the condo / fractional markets because they are able to sell them at a higher per square foot price than with a single home.  For example the fractional market pricing allows developers to sometimes be able to triple their square foot price because the purchaser is willing to pay a premium so they do not have to own the condo by themselves.

Check out what the Ritz Carlton Residence Club is doing in the Dominican Republic if you want to notice the health of this aspect of the real estate markets in the Caribbean.  They announced last month THE largest Residence Club in their history of resort development in the Cana beach region.  From all reports, it appears to be their most luxurious project so far.  I have not reviewed the annual financial reports of the Marriott Corporation, but I would venture to guess the Residence Club division of the company is their #1 profit center.  So, where are the DEALS?  Here are just a few that I am very excited about for those who ask me this question from time to time;

1. Turks & Caicos – L’Emeraude Resort
2. Belize – South Beach Belize
3. Dominican Republic – Los Altos Residence Club
4. St. Lucia – Le Paradise Beach Resort
5. Bermuda – The Reef Club
6. St. Maarten – Pelican Marina Residence Resort
7. Cayman Islands – The Waterford Private Residence Club
8. St. Thomas, USVI – Ritz Carlton Residence Club

There are several other favorites, too.  If you want my expanded list, contact me and I will share it with you.  For those who are interested in condo / fractional real estate ownership, this is the time to purchase!  I have never seen anything like it in the Caribbean before.  Until next time…your Caribbean lifestyle detective remains on duty!

With just over 1,000 members from 60 countries, this is THE organization to find and market your luxury properties!  Jim Walberg and Ann Marie Nugent are members of this select group of professionals

Last week at the Grand Del Mar in San Diego, California, the Who’s Who In Luxury Real Estate produced their Spring Conference where they highlighted the latest technology to be used by both the Broker/Realtors and the consumers in the global real estate markets.  Jim Walberg and Ann Marie Nugent were part of this exclusive group of 240 participants from all over the world sharing their best practices in serving the needs of their international clientele.  One of the important breakout sessions I attended was facilitated by Pat Hoferkamp – President of Burgdorff Realtors headquartered in New Jersey.  She presented the mission / vision of her company and reviewed the best practices they use in creating a luxury experience for both their Realtors and their customers.  It was worth every moment of the session.  An added feature of the conference was having Ben Stein as the keynote speaker on Thursday night. ( You know, the world famous writer, director, and actor.  His comments about the importance of owning real estate was actually compelling to the point of him getting a standing ovation.  In addition, he was darn funny.)

Who’s Who In Luxury Real Estate was founded by John Brian Losh almost 20 years ago.  He had a vision of gathering the best Broker / Realtors in the world into one organization in order to create a synergy in the luxury real estate markets worldwide.  Each selected member has been recognized as a leader in the marketing of distinctive and luxury properties, committed to high performance, professionalism and quality service.  The members are truly the “Who’s Who In Luxury Real Estate!  Not only has Mr. Losh succeeded, but today it is the dominant luxury real estate network in the world!

Mr. Losh commented, “As I interview brokers and work with organizations through my consulting services, I continue to be profoundly impressed by the quality and integrity of the people represented in Luxury Real Estate. I am pleased to see a steady increase in the use of our logo in print advertising, and our 50% growth over the past year. Each year we set high goals and work diligently to improve the network in every way.  I am confident that doing business with any one of our Broker/Realtors would be a delightful and rewarding experience.”

He also said, “Each year I travel to all sections of the United States; the villages of New England, the resorts and cities of the East Coast, the great state of Texas and the Gulf, the deserts of the Southwest, the grandeur of the Rockies and America’s heartland, and this year to Europe and Asia. As a result of this effort, we have added many excellent firms from all over the world.”

By the way, the Grand Del Mar has created a breathtaking resort!  It is San Diego’s newest 5- star resort destination. From its Tom Fazio-designed golf course and The Villas, to a luxurious spa and award-winning dining, The Grand Del Mar delivers a world-class resort experience.  This is a must resort for those seeking the BEST level of service and amenities I have found in California.  I promise you will be hearing more about the developments of the Luxury Real Estate’s world wide expansion of members and luxury property opportunities.  Until then…