“East Meets West Manhattan Luxury Real Estate Connect” highlights significant developments in global real estate as a result of a rise in Asian investors
New Canaan, Conn. – November 9, 2015 – William Pitt Sotheby’s International Realty announced today that sales agents from the firm’s New Canaan brokerage recently attended the East Meets West Manhattan Luxury Real Estate Connect conference sponsored by the Asian Real Estate Association of America on November 2, 2015. The all-day event, which was held at the Waldorf Astoria hotel in New York City, covered various global real estate topics including the rise of Asian economies, and in turn, Asian investors, and how this impacts the current luxury market. New Canaan agents Leslie Razook and Inger Stringfellow attended the conference with client, Linda Xu.
Over the last decade, there have been significant developments in global real estate due to the increased interest in U.S. residential investments by luxury home searchers in Asia. As a result, real estate transactions are closing across borders in all directions. According to the Knight Frank Wealth Report, in 2014, New York was the number one city globally for cross-border investment. In 2013, Asian investors alone spent $92.9 billion. The Wealth-X and Sotheby’s International Realty Global Luxury Residential Real Estate Report describes real estate as not only an investment, but also an asset and an overall lifestyle.
“Participating in this event was a tremendously interesting and useful experience,” said Razook. “The quality of speakers and topics were exceptional, and it was truly helpful to gain insights into how to be of greatest assistance to clients from this emerging luxury market.”
“I am thrilled with my experience at this year’s East Meets West conference,” added Stringfellow. “In the past few years, I’ve seen firsthand the increase in interest in luxury investments from clients overseas. I loved seeing the facts from our brand’s Wealth-X report come to life, and I encourage others whom this may interest to attend in the future.”
For more information on this year’s East Meets West Manhattan Luxury Real Estate Connect conference, please visit the Asian Real Estate Association of America’s website here.
About William Pitt and Julia B. Fee Sotheby’s International Realty
Founded in 1949, William Pitt and Julia B. Fee Sotheby’s International Realty manages a $3.3-billion-plus portfolio with more than 1,000 sales associates in 29 brokerages spanning Connecticut, Massachusetts, and Westchester County, New York. William Pitt and Julia B. Fee Sotheby’s International Realty is the largest Sotheby’s International Realty(R) affiliate globally and the 28th-largest real estate company by sales volume in the United States. A full-service real estate firm headquartered in Stamford, Connecticut, William Pitt and Julia B. Fee Sotheby’s International Realty provides ancillary services including commercial services through its affiliation with Building and Land Technology, a second-generation development company based in Stamford, Connecticut; William Pitt Insurance Services; and an award-winning global relocation division. For more information, visit the website at williampitt.com.
Sotheby’s International Realty’s worldwide network includes approximately 17,000 sales associates located in approximately 828 offices throughout 61 countries and territories.
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