Chinese Language Skills Can Help the Property Industry

In May, U.S. Rep. Susan Davis (D-Calif.) introduced H.R. 2313, the U.S.-China Language Engagement Act, to help American workers better compete with China. The bill would give schools competitive grants to create, expand, or enhance Chinese language and cultural classes and broaden technology options to link American and Chinese schools online. China is the world's 2nd largest economy when measured by domestic purchasing power parity, and its booming economy presents a growing export opportunity for U.S. businesses. Since 2000, U.S. exports to China increased more than 300%. Yet in spite of the growth, many businesses continue to face obstacles understanding and navigating the Chinese market. H.R. 2313 is designed to overcome these obstacles. The value for the real estate industry? Increased trade means more jobs. More jobs means more commercial and residential purchases. Track H.R. 2313's progress.

Eco-Cities

As the world increasingly embraces green living, eco-friendly design and architecture is becoming more innovative. Existing structures worth a look for their creative design incorporating green elements include Shanghai Tower, the Madrid International Convention Centre, Lindal Cedar Homes and Seawater Vertical Farm. For a look at some more futuristic designs around the world, check out Tianjin Eco-City, Zira Zero Island and Gwanggyo Power Center.

High Risk; High Reward Markets

For those with a high tolerance for risk with the potential for reward, Overseas Property Mall has published a list of five markets identified as among the most lucrative for long-term property investors. They are: Albania, Panama, Brazil, Tunisia and Philippines. For REALTORS® and their clients looking long term, the following countries may offer the best opportunity for a big pay-out. To be selected for this list by Overseas Property Mall, the destination had to have a growing economy, a stable investment environment, and be a great place to vacation. Read more about these growing markets.

Tracking Global Housing Prices

Housing prices are a bellwether of economic conditions. The Global Property Guide tracks house price changes for the year ending with the latest quarter for which they have data, compared with price changes for the equivalent previous year-long period. They publish both inflation-adjusted and nominal data. Current data available covers 2008 and through 1Q 2009.