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With the number of wealthy people growing at a fast pace and a change in lifestyle trends, free-time pursuits and individuals’ spending power, Chinese authorities are expecting an increasing interest in island investments. China – great potential for the private island market Up until now, the private island market has not been developed …Read More: China government offers uninhabited islands for lease  As China opens up a set of small islands for lease, entrepreneurs are planning a new era of luxury resort development in Zhejiang. Are these investors prepared for the challenges ahead? (Image Courtesy of Our China Daily) According to a recent article in the China Daily, Chinese officials have …Read More: Will China’s New Island Leases Create a Tourism Boom?  Even with American consumers still mired in an economic downturn, realtors in BC’s island region are seeing robust sales for high-end properties, including luxury private islands. Scott Island, currently for sale at www.vladi.de The area that surrounds the southeast tip of Vancouver Island is often considered, by residents …Read More: Despite US Downturn, Luxury Sales Continue in British Columbia’s Islands  Hit by the economic downturn, the owners of a private island on Little Muskego Lake in Wisconsin are looking to fractional ownership to keep them afloat. Will buyers be enticed by the shares – starting at just over US $69k? (Image Courtesy of Muskego Patch) It’s an all-too-common tale …Read More: Fractional Ownership Offered on Private Island in Wisconsin 
(Image Courtesy of Vendovi Island) Appraised at over $12M, Vendovi Island’s failed auction in September had a high bid of just $3.3M, and it has now sold for just $6.4M. Have private islands followed the US real estate market downhill? According to the Wall Street Journal, Washington State’s privately-owned …Read More: Preservation Trust Buys Heavily Discounted Washington State Island  Speculation fuelled the property boom – and predictable bust – of the last decade. Despite the continuing slump, are these high-flying gamblers back in business? With United States housing foreclosures hitting all-time records in 2010, and no marked signs of a genuine recovery in the country’s real estate sector, it appears there are few reasons …Read More: The Return of the Luxury Real Estate Speculator? Your own private paradise, by Gary Strauss, USA TODAY, Friday, August 13, 1999 Some Americans these days play Robinson Crusoe in reverse – they’re willing to give everything to get their own island, not leave it. Interest in private islands is peaking, stoked by a brokerage’s TV ad in which a truck driver parlays …Read More: 1999 – Your own private paradise |
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