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RealtyCast Global #13: Panama Real Estate Insights and Investment Opportunities with Eric Van Hoorde

RealtyCast Global #13: Panama Real Estate Insights and Investment Opportunities with Eric Van Hoorde

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Welcome to episode #13 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

The Panama real estate market is a treasure trove of opportunities for investors, expats, and retirees alike. In this episode of RealtyCast Global, host Hugh invites Eric Van Hoorde, the past president of FIABCI Panama and owner of Van Hoorde Realty, to share his expert insights on the dynamic landscape of Panama’s property market. Through an engaging discussion, Eric uncovers the various facets of real estate investment, living conditions, and the promising prospects that Panama offers.

The episode kicks off with an exploration of the post-COVID real estate market in Panama. Eric elaborates on the significant changes and trends that have emerged, particularly in the commercial property sector. He highlights how the pandemic has influenced inventory absorption, making Panama an attractive destination for multinational companies. Government incentives play a crucial role in this scenario, enticing businesses to set up operations in the country, thereby bolstering the local economy.

Residential investments in Panama real estate are another focal point of the discussion. Eric identifies key neighborhoods like the financial district, Costa del Este, and Santa Maria as prime locations for high-return investments. These areas are particularly appealing to investors due to their proximity to multinational companies and essential amenities. The conversation also touches upon the growing interest in beach and mountain regions among expats and retirees. Remote work trends have further amplified the allure of these areas, offering a blend of tranquility and connectivity.

For those considering a move to Panama or purchasing Panama real estate, the episode provides a comprehensive guide on purchasing property as a foreigner. Eric explains that foreigners enjoy the same rights as locals, allowing them to buy property without needing a visa. The Permanent Residence for Qualified Investors visa is also discussed, highlighting its benefits for those investing $300,000 or more. This visa option is a gateway to residency, making it easier for investors to establish a presence in Panama.

Educational options for expatriate families are another critical aspect covered in the episode. Eric outlines the variety of schooling choices available, from American and Panamanian school calendars to international schools that cater to expatriate children. This diversity ensures a seamless transition for families moving to Panama, providing them with the necessary support to adapt to their new environment.

The luxury Panama real estate market takes center stage with the introduction of the Bioma project in Costa del Este. Eric delves into the details of this high-demand development, featuring amenity-packed apartments with terraces, high ceilings, and facilities like a two-star Michelin restaurant and a heliport. The rapid sales of Bioma, with 70% of units sold within ten months, underscore its investment potential. Practical considerations such as maintenance fees and the absence of selling restrictions for non-residents are also discussed, making it clear that Bioma represents a lucrative opportunity for investors.

Security and convenience are paramount in Panama’s residential neighborhoods. Eric compares gated communities in Panama to those in Miami, emphasizing the presence of security guards, gated entrances, and surveillance cameras. These measures ensure a safe living environment, giving residents peace of mind. Additionally, the abundance of shopping and entertainment options in suburban areas, including large modern shopping malls and essential services like clinics and drugstores, make these neighborhoods self-sufficient and highly desirable.

Panama’s climate is another attractive feature for potential residents. The country experiences a distinct rainy season from August to November and dry, summer-like months from December to March. This tropical climate, coupled with Panama’s vibrant culture and lifestyle, makes it an appealing destination for people from all walks of life.

As the episode concludes, Hugh reflects on his friendship with Eric and their shared experiences at International Real Estate Federation meetings. He expresses his gratitude for Eric’s invaluable insights and looks forward to future discussions on the evolving Panama real estate market.

In summary, this episode of RealtyCast Global offers a deep dive into the myriad opportunities and benefits of investing in the Panama real estate market. From government incentives and prime investment locations to luxury properties and expatriate living, Eric Van Hoorde provides a wealth of knowledge for anyone considering Panama as their next investment or residential destination. Tune in to gain a comprehensive understanding of what makes the Panama real estate market a standout choice in the global real estate landscape.

Listeners of this episode are treated to a masterclass in Panama real estate acquisition, an enlightening experience that provides clarity on the strategic approach to navigating this market. With the expert guidance of Arnulfo Arias, potential investors are equipped with the knowledge and confidence to stake their claim in the vibrant real estate scene of this strategic Central American nation.

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

SUBSCRIBE to the RealtyCast Podcast to be notified when new RealtyCast Global episodes air:

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About the Guest – Eric Van Hoorde:

Real Estate Consultant for more than 24 years in the Real Estate sector of Panama, with extensive experience both nationally, in unions and in the private sector, and internationally representing Panama.

General Manager and founder of Van Hoorde Realty (Real Estate Consulting Company). President of ACOBIR (Panamanian Association of Real Estate Brokers and Promoters) during the period 2016-2017 and 2017-2018. President of FIABCI Panama during the period 2020-2022. President of FIABCI AMERICAS during the period 2020-2023. He is currently a member of the Board of Directors of FIABCI, International Real Estate Federation based in Paris.

He has participated in constant seminars, receiving distinctions for performance and sales achieved within the sector. At the same time he has been a speaker in constant talks and presentations supporting the Real Estate Sector.

He has a Master’s Degree in Business Administration with an emphasis in Finance, as well as a Bachelor’s degree in Economics and Finance from the University of South Florida. He also has various certifications from the NAR (National Association of Realtors, USA), such as CIPS, ABR, CRS, SRS, such as the distinction of International Realtor of Year 2018, being the only Panamanian to have received this distinction.

Website: https://vanhoorderealty.com/

Phone: +507 66167769

Email: Eric@VanHoordeRealty.com

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America
RealtyCast Global #12: A Strategic Guide to Purchasing Real Estate in Panama with Arnulfo Arias

RealtyCast Global #12: A Strategic Guide to Purchasing Real Estate in Panama with Arnulfo Arias

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Welcome to episode #12 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

Panama has emerged as a focal point for global real estate investors, boasting a thriving market influenced significantly by the legendary Panama Canal.

The canal not only serves as a pivotal commercial waterway but also as a catalyst for the nation’s economic and infrastructural development. In this episode, we’re graced by the insights of Arnulfo Arias, a figure with a storied political background and an authority in post-dictatorship Panama. His extensive experience as a government official and advocate for foreign investment positions him as an invaluable guide through the intricacies of the Panamanian property market.

The episode embarks on an educational journey that ventures beyond the basics of real estate investments. It delves into the unique aspects of Panama’s legal climate and how it intertwines with property ownership rights. Arias illuminates the public registry system of Panama, an entity in operation since 1916, ensuring the security and transparency of property transactions. This registry stands as a testament to the country’s commitment to legal safety, rendering the need for title insurance obsolete in many cases.

As potential investors explore opportunities in Panama, understanding the local transaction process is crucial. The episode meticulously outlines each step, from earnest money agreements to the closing phase, accentuating the importance of clarity in terms and conditions to avoid pitfalls. The expert guidance offered by Arias emphasizes the necessity of due diligence, recommending working with licensed professionals and conducting a comprehensive title search to identify any potential issues, past or future, with the property.

The episode concludes with a robust discussion on the legal ownership transfer process. Arias underscores the gravity of drafting a public deed of sale through an attorney and the finality of recording the deed for public knowledge. He stresses the financial wisdom of securing transactions through a bank or secure method until the property’s title is officially registered. This not only solidifies legal ownership but also safeguards the interests of both buyer and seller.

Listeners of this episode are treated to a masterclass in real estate acquisition within Panama, an enlightening experience that provides clarity on the strategic approach to navigating this market. With the expert guidance of Arnulfo Arias, potential investors are equipped with the knowledge and confidence to stake their claim in the vibrant real estate scene of this strategic Central American nation.

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

SUBSCRIBE to the RealtyCast Podcast to be notified when new RealtyCast Global episodes air:

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iHeartRadio

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About the Guest – Arnulfo Arias:

Mr. Arias’s legal practice focuses mainly on commercial and civil matters, plus taxation and government administrative issues. Corporate practice includes advising corporation structure, corporate governance issues, living wills, estate planning structures, and civil and commercial contracts in general.

Arnulfo is an activist in social and humanitarian programs, a writer and weekly columnist, and is heavily involved in politics by family tradition. His grandfather, Arnulfo Arias Madrid, was president of Panama on three different occasions, during which Arnulfo was appointed as Director of Foreign Direct Investments of Panama.

PRATICE AREAS

  • Civil law
  • Business and Corporate Law
  • Tax law
  • Administrative law
  • Real Estate Law
  • Education & Bar Admission
  • Law and Political Science, USMA
  • Taxation, UNESCPA
  • Political Science, University of Lima, Peru
  • Foreign Direct Investment Studies, Chinese Culture University, Taipei, Taiwan
  • Associate in Arts, Florida Community College, Jacksonville Florida, USA
  • BAR ADMISSION:  Since 1998
  • LANGUAGES:
  •  Spanish & English

Website: https://navarroguardia.com/

Phone: +507 225-0990

Email: aarias@navarroguardia.com

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America

#10 Navigating Expat Life and Real Estate Investing in Belize with Michael Cobb.png

RealtyCast Global #10: Navigating Expat Life and Real Estate Investing in Belize with Michael Cobb

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Welcome to episode #10 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

Belize, often referred to as Mother Nature’s best-kept secret, is quickly becoming one of the most intriguing destinations for global investors and expatriates seeking a slice of paradise combined with a sound investment. This tiny Central American nation, with its diverse landscapes ranging from pristine beaches to lush rainforests, offers a wealth of opportunities for those looking to diversify their portfolio or embark on a new chapter in their lives.

Michael Cobb, CEO of ECI Development, joins us again to provide an insightful look into the burgeoning real estate market in Belize. As a seasoned investor who witnessed Belize’s evolution from a hidden gem to a burgeoning tourist and investment destination, Michael shares valuable perspectives on the potential that Belize holds.

During the episode, we explore how the transformation of Belize’s real estate market parallels the country’s own journey from a British colony to an independent nation with English as its official language. The unique combination of a stable government, common-law legal system, and low property taxes makes Belize an attractive option for investors, particularly when compared to other Caribbean and Central American nations.

The conversation delves into the intricate tapestry of life as an expatriate in Belize. With anecdotes about living on Ambergris Caye and the contrast between expat life in Belize and Nicaragua, the discussion emphasizes the importance of finding a destination that fits one’s lifestyle preferences. Whether one is seeking a serene beachfront haven or an adventurous jungle retreat, Belize offers an array of environments to suit a variety of tastes.

A key focus of the episode is on the growing trend of digital nomads and pre-retirees looking for an idyllic setting to work remotely or enjoy an early retirement. Belize, with its ease of communication for English speakers and the rise of remote working, is an ideal locale for this demographic. It is particularly appealing for those in their 50s and 60s who are not quite ready to retire but eager to enjoy a more relaxed pace of life while still remaining productive.

Real estate investment in Belize, especially in areas like Ambergris Caye, is underscored as a lucrative venture due to the island’s popularity with tourists. The discussion covers the value of investing in branded properties and the increasing trend of visitors converting their short-term stays into long-term residences, thanks to the welcoming digital nomad visa programs.

Furthermore, the episode touches on the role of cruise ships in catapulting Belize onto the global tourism stage. Despite initial resistance from local hoteliers, the influx of cruise ship visitors has resulted in increased visibility for Belize, leading to a higher demand for accommodations and bolstering the country’s popularity among international travelers.

Throughout the conversation, Michael Cobb offers strategic insights into the current ‘sweet spot’ of Belize’s development curve, highlighting the optimal timing for investment before the market peaks. He explains the correlation between the country’s growing popularity and the potential for high occupancy rates and attractive average daily rates for rental properties.

In essence, the podcast episode paints a picture of Belize as a country ripe with opportunity, both for individuals seeking a change in lifestyle and for investors ready to capitalize on the burgeoning real estate market. With its combination of natural beauty, strategic location, and favorable investment conditions, Belize stands out as a destination with profitable horizons for those willing to take the plunge into its real estate adventure.

For more information on living and investing in Belize, check out Michael’s Consumer Resource Guide (click here to download the guide).

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

SUBSCRIBE to the RealtyCast Podcast to be notified when new RealtyCast Global episodes air:

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Spotify

iHeartRadio

Google Podcasts

About the Guest – Michael Cobb:

At the height of a successful career in the computer industry, Mr. Cobb left to pursue more pioneering opportunities in the emerging real estate markets of Central America.  In 1996, he and his business partner formed a company, Exotic Caye International, to provide loans to North Americans purchasing properties in Belize, Honduras and throughout the region.  As the need for capital outstripped the supply, the mortgage company was converted to an international bank under the jurisdiction of Belize.  It continues to provide mortgage services but has expanded its services to encompass the full realm of financial products. 
 
Mr. Cobb also saw the need for a regional real estate company that would serve the Baby Boomer consumer with a North American standard product for the next 2 decades.  He led the group into real estate development and created a holding company for several properties including a resort on Ambergris Caye, Belize. In August of 2000, Exotic Caye purchased 3.5 miles of Pacific Beachfront property due west of Managua, Nicaragua. 

This master planned community hosts world class infrastructure, homes and condominium units.  In February of 2006, the ECI Development group acquired 1100 acres and 3km of coastline in Costa Rica, setting the stage for expansion into this popular market.  Most recently they merged their Belize property with a much larger parcel and have begun to develop 200 condominiums units on Ambergris Caye, Belize. 
 
Additionally, Mike Cobb has spoken at hundreds of international conferences about real estate financing and development.  He has acted as a consultant to The Oxford Club and gives counsel to various real estate projects throughout Central America.

Website: ecidevelopment.com

Phone: +1.703.795.2555

Email: mcobb@ECIdevelopment.com

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America
RealtyCast Global #6: Innovative Strategies for Buying Property in Italy with Piero Lorenzo

RealtyCast Global #6: Innovative Strategies for Buying Property in Italy with Piero Lorenzo

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Welcome to episode #6 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

The allure of Italian real estate has been a longstanding fascination for international investors, with its rich culture, exquisite cuisine, stunning landscapes, and historically significant architecture. The latest episode of RealtyCast Global delves into this captivating market, with seasoned real estate professional Piero Lorenzo providing invaluable insights and innovative strategies for buying property in Italy.

Lorenzo, who boasts a blend of Californian and Italian expertise, introduces a unique perspective of merging Italian and American real estate tactics. His revolutionary approach has proven to be a game changer for international buyers seeking Italian properties. Lorenzo’s strategies enable investors to immerse themselves in Italy’s captivating lifestyle while earning passive income via short-term rentals.

One might find it hard to believe that you can purchase an Italian property without setting foot in it. Yet, Lorenzo confirms that this innovative strategy has been a hit during the pandemic, allowing buyers to secure their dream properties from the comfort of their homes. He assures listeners that every aspect of these unseen property transactions is handled with caution, resulting in happy and satisfied clients once they finally set foot in their Italian homes.

The podcast episode also explores the nuances of property pricing and investment potential across Italy’s diverse regions. Lorenzo showcases a range of listings, from a fully furnished property in Umbria for $120,000, a two-bedroom apartment in Sardinia for $180,000, to a stunning apartment in Lake Como for $315,000. He mentions the potential for Airbnb rentals, adding that one of his clients has already found success with this approach in Sardinia.

In an intriguing segment of the episode, Lorenzo introduces listeners to a remarkable project, “Living the Italian Way.” This venture offers a distinctive fusion of sustainable apartments and an authentic Italian lifestyle experience. The properties, set in beautiful areas like Montepulciano, Palermo, and Salento, are designed to be environmentally sustainable and help the buyer integrate into the local community. Moreover, they can be purchased using the rent-to-buy formula, making them an attractive investment option.

Looking ahead, Lorenzo predicts a stable market for Italian real estate in the coming years. He expects price increases in areas with high demand for second homes, but notes that the overall market remains an attractive investment opportunity. His in-depth knowledge and passion for Italian real estate shine through, making this episode a treasure trove of information for anyone considering an investment in this market.

Overall, the episode presents a compelling case for investing in Italian real estate. With Lorenzo’s expert guidance, insider knowledge, and innovative strategies, the dream of owning an Italian property seems more achievable than ever. His insights not only demystify the process of buying property in Italy but also illuminate the potential for passive income and an enriching lifestyle experience. Whether you’re a seasoned investor or just starting your property journey, this episode is sure to provide you with valuable insights into the Italian real estate market.

Make sure to listen to other episodes of RealtyCast Global.

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

SUBSCRIBE to the RealtyCast Podcast to be notified when new RealtyCast Global episodes air:

Apple Podcasts

Spotify

iHeartRadio

Google Podcasts

About the Guest – Piero Lorenzo:

Piero was born and raised in lovely Tropea, Calabria. He lived in Florence for 21 years, where he was a Real Estate Broker for 13 years. In 2015 he and his wife moved to Santa Cruz, California (USA). 

Piero has been a California Realtor since May 2015.  In 2017, he received his California Broker license and is now Broker-Owner of  Lorenzo International Real Estate. In April 2021, he became an American citizen, so he now proudly has dual citizenship: Italian and U.S.A.

He lives in California but travels to Italy for long periods with his family at least twice yearly (totaling 3-4 months per year). In this way, he lives in two worlds, which also helps his family’s quality of life because they receive the best aspects of both countries, cultures, customs, etc.

Living on two continents, North America and Europe is the best gift you can give yourself – for your mind, culture, and well-being.

Piero’s website: www.pierolorenzorealtor.com

Connect with Piero on LinkedIn: https://www.linkedin.com/in/pierolorenzo/

Follow Piero on Facebook: https://www.facebook.com/lorenzorealestate.us/

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America

 

nvesting and Living in the Dominican Republic with Randy Chavers

RealtyCast Global #5: Investing and Living in the Dominican Republic with Randy Chavers

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Welcome to episode #5 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

In the latest episode of RealtyCast Global, we delve into the potential of Caribbean real estate with seasoned expert Randy Chavers. Not only is this region a tropical paradise, but it also presents lucrative opportunities for property investment and remote work.

Randy shares his intriguing journey of investing in the Dominican Republic, one of the Caribbean’s most vibrant islands. Replete with geographical splendor, a thriving economy, and a strong tourism sector, the Dominican Republic beckons investors from around the world. Randy provides insight into the region’s undeniable charm and potential for profit, making it a prime location for real estate investment.

The journey of purchasing a property in the Dominican Republic is distinct. Randy emphasizes the importance of finding a reputable real estate broker and attorney. Although the process may seem daunting to some, especially those accustomed to title companies, Randy assures listeners that the Dominican Republic has an excellent system of recording properties, making the purchasing process seamless and secure.

One of the highlights of the episode is when Randy sheds light on the digital wave sweeping across the Caribbean. With the availability of Wi-Fi and the rise of convenient communication channels like WhatsApp, the Caribbean has transformed into an ideal destination for remote work. Randy also points out the prevalence of the English language in the region, making it even more appealing for international remote workers.

Living in the Caribbean is not just about work; it’s also about enjoying the high-quality lifestyle it offers. Randy provides a first-hand account of the local amenities available. He speaks highly of the quality schools, medical facilities, and dental care, indicating that living in the Caribbean does not mean compromising on comforts.

Tourism is a significant factor contributing to the Dominican Republic’s economy. Randy gives listeners a sneak peek into the Airbnb rental market, offering insights on tourist preferences and the allure of the North Shore. With an international airport in close proximity and a growing number of visitors each year, the Dominican Republic presents a prime opportunity for Airbnb rentals.

Investing in Caribbean real estate, particularly in the Dominican Republic, is a strategic move. It’s not just about owning a piece of paradise; it’s also about tapping into a region brimming with growth potential. With a steady increase in its Gross Domestic Product and a rising number of tourists, the Dominican Republic presents a promising future for investors.

This episode of RealtyCast Global offers an in-depth look at Caribbean real estate from an investor’s perspective. From property investment to remote work opportunities, Randy Chavers shares valuable insights that will inspire listeners to explore the possibilities in this vibrant region.

Whether you’re a seasoned investor or a beginner, this episode is a must-listen if you’re considering making a move in the Caribbean real estate market. It’s not just about investing in property; it’s about investing in a lifestyle and a future filled with potential. So, step into the world of Caribbean real estate with us, and you might just find your next big investment.

Make sure to listen to other episodes of RealtyCast Global.

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

SUBSCRIBE to the RealtyCast Podcast to be notified when new RealtyCast Global episodes air:

Apple Podcasts

Spotify

iHeartRadio

Google Podcasts

About the Guest – Randy Chavers:
Randy Chavers has 36 years of experience in real estate as an agent, broker-owner, managing broker for major franchises, and executive-level positions in real estate-specific Internet companies. 

Unique skill set combines award-winning performance in brokerage operations management with practical application of Internet strategies for real estate agents and brokers. 

Former Managing Director for Coldwell Banker Island Affiliates, a major franchise covering all Caribbean Islands and Western Atlantic including Bermuda. Licensed Real Estate Broker in Georgia and Florida.

Connect with Randy on LinkedIn: https://www.linkedin.com/in/randychavers

Contact Randy at: randy@randychavers.com

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America
RealtyCast Global #4: Exploring International Relocation with Uli Leib

RealtyCast Global #4: Exploring International Relocation with Uli Leib

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Welcome to episode #4 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

As globalization continues to shape the world, international corporate relocations are becoming increasingly common. In this episode, we had the pleasure of hosting Uli Leib, an experienced professional in international relocation. Uli assisted us in understanding the numerous reasons companies send their employees abroad, and the enticing benefits offered to facilitate these moves. From cost-of-living allowances to immigration assistance, companies go to great lengths to support their employees in these significant transitions.

Assignments can be short-term or long-term, each affecting the relocation process differently. Short-term assignments usually involve specific projects, while long-term assignments could involve establishing a new operation in a foreign country or filling technical needs. The duration of these assignments can greatly influence the types of benefits employees receive. For instance, short-term assignees might be treated like business travelers, with their accommodation and meals covered, while long-term assignees often receive comprehensive benefits packages, including housing, schooling, and even cultural training.

A crucial part of the relocation process, often overlooked, is the role of real estate. Finding a suitable home in a foreign land can be a complex process. It requires careful consideration of budget, school districts, and commute times. Uli Leib, with his expertise, highlighted the importance of real estate agents understanding the unique needs of international assignees. He emphasized the potential for agents to expand their business through relocation services and become regional experts.

For real estate agents working with international assignees, Uli offered several invaluable tips. Firstly, agents need to understand that international assignees are usually excellent tenants and a good credit risk, but they do not have US credit established. Also, the lease process for these clients may not always be straightforward, often involving longer-term leases and the need for a diplomatic clause, which allows the lease to be broken without penalty if the employee is transferred again.

Secondly, real estate agents should aim to become experts in their areas, not just in terms of the housing market and prices, but also the local schools, healthcare facilities, and other aspects that someone new to the area might need to know. This expertise can be leveraged to provide valuable advice and support to international assignees, easing their transition into a new environment.

Lastly, Uli advised agents to establish connections with local destination services consultants. These professionals can provide invaluable assistance in navigating the complexities of the relocation process, from hooking up utilities to ensuring that all medical records and vaccinations are in order for schools.

International corporate relocations present a wealth of opportunities for real estate agents willing to navigate their complexities. As Uli Leib demonstrated in our discussion, with the right knowledge and approach, agents can significantly expand their business and become indispensable partners in the relocation process. Whether you’re a real estate agent looking to specialize in this field, or simply curious about the intricacies of international relocations, this episode of RealtyCast Global is not to be missed.

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

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About the Guest – Uli Leib:

Uli Leib is an accomplished relocation professional with expertise in practical aspects as well as adjustment strategies required for successful domestic and international relocations. As a trusted destination consultant with proven results, she delivers a range of destination services relying on her expert knowledge of the Chicagoland area. Uli is also an experienced intercultural coach.

Ms. Leib is of Austrian origin and lived and worked in Austria prior to moving to the United States. She also traveled extensively throughout Europe and continues to return to Austria frequently. She currently resides in the Chicago area.

Ms. Leib has taught German at the University of Illinois, Champaign-Urbana, and Chicago campuses. She also has extensive experience in cultural training, international relocation management, business consulting, and real estate.

After starting as a real estate sales associate, she managed a real estate office, became part owner of a real estate office, and later provided business consulting for real estate franchise owners. She also has extensive experience in the corporate relocation industry as a relocation consultant, training manager, and international operations manager. In the intercultural field, she served many years as an account manager and senior account manager for one of the world’s largest providers of cross-cultural training. Most recently, she has been working as an independent destination services consultant and intercultural coach for international families moving to the Chicago area.

Uli holds an M.A. degree in German Languages and Literature from the University of Illinois in Chicago. She is a Certified Relocation Professional and a member of the Employee Relocation Council and holds an Illinois Managing Broker’s License. Ms. Leib speaks German and English fluently.

Connect with Uli on LinkedIn: https://www.linkedin.com/in/uli-leib/

Contact Uli at: uleib@sbcglobal.net

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America
RealtyCast Global BLOG Header #2 Investing in Foreign Property with Stefano Lucatello

RealtyCast Global #2: Investing in Foreign Property with Stefano Lucatello

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Welcome to episode #2 of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros.

Are you dreaming of investing in a property abroad but unsure of where to start? Get ready to have your questions answered by the exceptional Stefano Lucattello, Senior Partner at Kobalt Law LLP. He’s not only a legal eagle when it comes to international property law, but he’s also the author of ‘Investing in Foreign Property: The Ultimate Guide to Buying Safely.’ Stefano’s insights will guide you to safely navigate the often complex world of buying properties abroad.

Our conversation with Stefano takes you on an intriguing journey from his roots in Italy to his successful career as a commercial lawyer in England and now, also an international property expert. He unpacks the intricacies of buying properties abroad, emphasizing the importance of understanding the taxation laws of the country you’re buying property in.

Stefano’s wealth of knowledge doesn’t stop there. He delves into the critical factors to consider when setting up a business abroad, guiding you through the process of declaring income tax for rental income and wealth taxes. We wrap up our enlightening conversation with Stefano sharing his excitement for opening an international cookery school and his plans for retirement. This episode is an essential listen for those considering buying property abroad. So sit back, relax, and let Stefano give you a masterclass on turning your foreign property dreams into a reality!

Those interested in purchasing a book can obtain a copy on Amazon. All profits go towards funding cancer research.

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros.

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

SUBSCRIBE to the RealtyCast Podcast to be notified when new RealtyCast Global episodes air:

Apple Podcasts

Spotify

iHeartRadio

Google Podcasts

About the guest – Stefano Lucatello:

Stefano Lucatello is the Senior Partner and Head of Kobalt Law LLP.  He qualified as a Solicitor in 1988. Languages and Law have always been a very important part of his life and practicing career as a Solicitor. Kobalt Law LLP is the culmination of many years of practice both in England and abroad. Stefano combines his knowledge of English and foreign law to advise clients from around the world.

He practiced in Gibraltar as an international partner of a Leeds-based practice, where he developed his skills in offshore tax and trust law, advising High net worth individuals to protect their fortunes.

Stefano is an accomplished author, writing on many different international property topics and platforms, as well as appearing on his own Property TV shows and seminars.  He has written an international property buying guide, entitled, ‘Investing in Foreign Property: The Ultimate Guide To Buying Safely.’

The first edition was published in 2015 and the second in 2018, with an updated chapter on “Brexit”.

The book is a generic guide about what potential foreign property buyers need to know and be aware of when considering buying property abroad. Stefano says “People never learn that buying foreign property is no less difficult than buying in the UK. How can you possibly buy in a foreign country, without specialist legal assistance, like that provided by Kobalt Law LLP, international property lawyers?

It is very hard when potential buyers don’t speak the foreign language or understand the different foreign law that applies to foreign property purchases. 

They believe the agents, who say that they don’t need this kind of assistance, and merrily follow the agent’s advice to go to a foreign lawyer, without checking them out first.”

The book is filled with great tips and advice, which apply to most countries in the world and takes you from the moment you decide to start the property search journey, to completion of the purchase and then onto living your dream in that foreign country.  It has 10 chapters and takes 2 hours to read.  It has been described by certain well-known foreign property commentators, as “incisive and well written”, explaining difficult topics in an “easy-to-read way”. It has a notepad, at the end, so that readers can take the book with them and write notes as they visit agents.

About the host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America
RealtyCast Global Episode 1 - Purchasing Property in Portugal with Antonio Barbosa

RealtyCast Global #1: Purchasing Property in Portugal with Antonio Barbosa

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Welcome to the premier of RealtyCast Global – a global connection to all things real estate, hosted by Hugh Gilliam, president of Global Property Pros. During this podcast feature, Hugh discusses the tips, tricks, and benefits of moving to Portugal with industry veteran Antonio Barbosa of Infinite Solutions. Whether you are a real estate agent with a client looking to purchase property in Portugal or a property buyer seeking advice on the steps to take, you don’t want to miss this discussion!

For real estate agents looking to expand their business internationally, expose existing listings to a global pool of buyers, and connect with new clients, check out Global Property Pros

For Property Buyers & Sellers seeking assistance in the international market, check out RealtyHive’s property marketing solutions.

About the guest – Antonio Barbosa:

António Barbosa is a REALTOR® living in Portugal and with more than 20 years of experience in Real Estate. He will tell you that he doesn’t sell homes; He fulfills lifestyle dreams. He’s a charming man with the most disarming smile who makes friends wherever he goes. If you are not his friend, it’s because he hasn’t met you yet!

He prides himself in being part of the decision of more than 500 families making Portugal their new home. In addition, He considers his biggest achievements in life the personal and business relationships he built, which led to long-lasting friendships not only with his esteemed clients but also amongst his distinguished colleagues!!!

He’s happiest helping people to find a home or wealth investment property in Portugal or worldwide. His company name is “Infinite Solutions”, and it’s a perfect name because he’s not problem-oriented, he’s all about solutions.  

He’s also a world traveler and foodie, so if you need a solution of where to go for dinner, on vacation, or where to buy your next lifestyle property, he’s your person! He speaks fluent Portuguese, English, and Spanish.

Antonio is a proud Member of FIABCI-USA as well as NAR® and holds the CRS® / CIPS® and ABR® designations.

About your host – Hugh Gilliam:

Hugh Gilliam co-owned a national transportation company, created a land development business, and worked as a general contractor in residential and commercial construction for over two decades. Hugh also co-founded an international distribution company and successfully negotiated and contracted with 135 sales representatives in the United States, Canada, France, Brazil, Japan, and the Netherlands.

Today, Mr. Gilliam is affiliated with RealtyHive, LLC where he serves as Director of International Real Estate and President of Global Property Pros. His duties include involvement in commercial and residential transactions, plus promoting marketing systems and lead generation platforms.

He is also co-founder of the luxury digital magazine, DOORWAYS INTERNATIONAL, powered by RealtyHive, which serves as a platform for Brokers and Buyers throughout 70 countries.

Hugh’s Designations Include:

  • Certified Luxury Home Marketing Specialist
  • Certified Distressed Property Export
  • Certified International Property Specialist
  • Certified International Investment & Immigration Specialist
  • Transnational Referral Certification

Hugh’s Memberships Include:

  • Georgia Association of REALTORS
  • National Association of REALTORS
  • International Real Estate Federation (FIABCI-USA)
  • Asian Real Estate Association of America