foreign investment

A Background in Bitcoin and its New Role in Real Estate

A Background in Bitcoin and its New Role in Real Estate

Though many people have probably heard of Bitcoin by now, there are now several types of cryptocurrency. New types you may start hearing more about include: bitcoin cash, ZCash, Monero, Ripple, and Ethereum. They essentially all function the same way; and act as digital funds that are produced in limited quantities and without involvement of a bank or governmental regulations.

5 Things to Know for Foreigners Buying Property in the US

Foreign investment in the US real estate market is higher than ever! With such an increase in investment by foreigners comes questions and concerns that may not have otherwise been brought up in transactions with only American citizens.

Fortunately, the publication Mansion Global has compiled a list of 5 tips for foreign buyers to know:

  1. Foreigners can borrow in the US and buy a home
  2. Buyers don't pay out of pocket for a real estate agent; it comes from the sale of the house
  3. You may have to disclose your identity
  4. You will need to pay annual taxes on your property
  5. Some apartments require additional fees

Read the full article here >>

Realogics Sotheby's International Realty and adSage Launch WeChat App Targeting Chinese Consumer Base Locally; Create Real Estate Portal in China

Exclusive Real Estate Portal Could Reach More Than 600 Million Subscribers in China

Executives of Realogics Sotheby’s International Realty (RSIR) and adSage have developed an exclusive real estate portal for WeChat – a popular mobile device communication app that has attracted more than 600 million subscribers, mostly in China, since its inception in 2012. Now a global sensation, the multimedia platform allows communications to penetrate the firewall in China and can share messages virally between followers.

Read a Mandarin Translation of This Post >>

 

“This app will help us showcase our Pacific Northwest real estate and lifestyle real time overseas,” said Dean Jones, President and CEO of Realogics Sotheby’s International Realty. “It was a necessary investment to encourage communications between our Asia Services Group and connect our local brokers and their listing clients with a world of opportunity.”

According to Wikipedia: WeChat provides text messaging, hold-to-talk voice messaging, broadcast (one-to-many) messaging, video conferencing, video games, sharing of photographs and videos, and location sharing. It can exchange contacts with people nearby via Bluetooth, as well as providing various features for contacting people at random if desired (if these are open to it), next to integration with social networking services such as those run by Facebook and Tencent QQ. Photographs may also be embellished with filters and captions, and a machine translation service is available.

“We are proud to develop this WeChat platform and host numerous campaigns in China on behalf of Realogics Sotheby’s International Realty,” said Gordon (Zhaohui) Tang PH.D, Chairman of adSage. “This strategy is very clever and timely as the Pacific Northwest has become the next gateway market for foreign direct investment and immigration from Asia, especially from China.”

Tang, a former Microsoft executive, is leading adSage with offices in Seattle (Bellevue), San Francisco, Beijing, Shanghai, Wuxi and Shenzhen. The firm is one of the major digital advertising agencies in China providing full scale bilingual agency services supporting over 1,000 global clients' marketing campaign running on Baidu (China’s equivalent to Google) and other major China internet media. adSage's agency services cover SEM, SEO, Display Advertising and Mobile Advertising in China.

RSIR’s real estate portal includes bios on its members of the Asia Services Group, featured property profiles, market reports, events, news articles and newsletters, videos and information on the company with communications available in several languages including Mandarin and English. Additionally, the platform is host to the new all-Mandarin "Seattle Luxury Living" magazine published by Seattle Magazine’s Tiger Oak Publications, which includes content on the lifestyle trends and real estate opportunities available in the Pacific Northwest. 

Just Announced -- The full publication of Seattle Luxury Living Magazine is available to read on RSIR's WeChat Platform. A digital version of the magazine may also be accessed below:

To read English translations of the articles, click here >>

Jones has appointed William Hillis as Editor for RSIR’s Research Department and a publisher of reports and other content to be posted on the WeChat platform. Hillis is a former editor at the Shanghai offices of Big Four consulting firms Deloitte and KPMG, and previously worked as an analyst in real estate policy-related positions in the Washington State government at Olympia. He has published articles in China Daily, thought leadership at Deloitte, and official proceedings from Bo'ao Forum for Asia, an international economic forum featuring heads of state and other leading dignitaries worldwide.

“Having grown up in the Pacific Northwest and lived in Shanghai for more than a decade, I can certainly appreciate the opportunity that RSIR and adSage are pursing,” said Hillis. “At the same time, I can also understand why so many upper and middle class Chinese nationals are targeting the Seattle/ Bellevue region. I do believe this is just the beginning and creative communications tools like the WeChat app are going to be an effective resource for sharing information in real time.”

To download RSIR's WeChat platform, simply use the WeChat App to scan the QR Code below:

As Seen in the Puget Sound Business Journal: RSIR's WeChat App, Seattle Luxury Living Magazine, and the premiere of the new East Meets West Documentary (produced by RSIR). View the Feature >>

 

 

 

Palace Magazine Adds Seattle to List of Top Markets Sought by Asian Buyers

As yet another acknowledgement that Seattle has joined the league of global cities attracting Asian investment, immigration and homeownership, Palace Magazine recently published a special report on American cities that included the Emerald City with significant contributions by Realogics Sotheby’s International Realty (“RSIR”). The article also covered trends in typical markets including Boston, Las Vegas, Miami, New York and San Francisco.

“We are proud to represent our region within this elite publication and be included amongst our peer markets,” said Dean Jones, President and CEO of RSIR. “There is now little doubt that Seattle is on the map overseas and I believe this wave of foreign direct investment is just getting started.”

The article discusses how seven years after the recession the US housing market has rebounded and many cities (Seattle included) are setting new benchmarks for value. The investment prospect as well as the logic of diversifying a portfolio have created a gold rush of activity amongst Asian homebuyers. The article also outlines the popular EB-5 Investment Visa program created by the US Congress in 1990 to stimulate the US economy through job creation and capital investment by accredited foreign investors. According to the report, nearly 10,700 EB-5 visas were issued, with 85-percent of them going to wealth Chinese investors.

In addition to profiling the Seattle market, several RSIR listings were featured including a luxury condominium at Fifteen Twenty-One Second Avenue in downtown Seattle offered at $3,200,000 and Prima Vista, a waterfront estate located on the Juanita “Riviera” on Lake Washington offered at $6,288,000.

Download a .pdf of the Article >>

Read a Mandarin Translation of the Article >>

This latest coverage by Palace Magazine follows a flurry of recent attention, as RSIR has continually played a leading role in bridging homebuyers on both sides of the Pacific. Just last week, RSIR launched the all-Mandarin Seattle Luxury Living Magazine with Tiger Oak Publications and a WeChat App Platform to reach a Chinese audience of over 600 million.