Blog Post

Bloomberg reports on the current trend in foregin and overseas buyers in the U.S. luxury real estate market.  Click to read the article and see where I am quoted below.

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Glitz, Glamour

"Asian clients prefer Bel Air, Beverly Hills and Holmby Hills, known as the Platinum Triangle of Los Angeles, with their palm-tree shaded boulevards and history as home to Hollywood celebrities, Forster Jones said.

"They prefer the West Coast, because it's much easier for the Asian buyers to get to," she said. "There's a lot of glitz, a lot of glamour, a lot to do."

Europeans also like Los Angeles mansions, said Forster Jones, who shared the listing of Spelling's 56,000-square-foot estate. The buyer is the daughter of British billionaire Bernie Ecclestone, the president and chief executive officer of London- based Formula One Management Ltd. "