Describe at least six of the eight elements listed below that have led to the growth of international real estate business in the last ten years. After the Covid-19 pandemic, explain how you believe population growth and international travel are likely to grow in the real estate business for the foreseeable future? In the last ten years, the world has seen a dramatic increase in sheer amount of international real estate transactions. There are eight reasons attributed to this growth that are likely to foster future international expansion: Internet led to 24/7 communications. Financial markets in London, N.Y., and Tokyo ties financial markets together. Expansion of free market philosophy. New alliances and agreements led to interdependence of economies and flow of capital. International travel. The growth of non-government organizations such as the National Association of REALTORS® (NAR), provide education, training, networking, and certifications for working with international clients to do international business. NAR’s, Certified International Professional Designation (CIPS) is one of the best-known international credentials throughout the world. Population growth. In the last several years, population growth has expanded worldwide, especially in the un-developed countries over the developed countries such as the United States. Natural Disasters. After the Tsunami in Asia, people around the world are more concerned with issues related to climate change.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Describe at least six of the eight elements listed below that have led to the growth of international real estate business in the last ten years. After the Covid-19 pandemic, explain how you believe population growth and international travel are likely to grow in the real estate business for the foreseeable future?

In the last ten years, the world has seen a dramatic increase in sheer amount of international real estate transactions. There are eight reasons attributed to this growth that are likely to foster future international expansion:

Internet led to 24/7 communications.
Financial markets in London, N.Y., and Tokyo ties financial markets together.
Expansion of free market philosophy.
New alliances and agreements led to interdependence of economies and flow of capital.
International travel.
The growth of non-government organizations such as the National Association of REALTORS® (NAR), provide education, training, networking, and certifications for working with international clients to do international business. NAR’s, Certified International Professional Designation (CIPS) is one of the best-known international credentials throughout the world.
Population growth. In the last several years, population growth has expanded worldwide, especially in the un-developed countries over the developed countries such as the United States.
Natural Disasters. After the Tsunami in Asia, people around the world are more concerned with issues related to climate change.

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