A condominium is an ownership regime in which a building is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed by the owners of the units. The term can be applied to the building or complex itself, and is sometimes applied to individual units. The term "condominium" is mostly used in the US and Canada, but similar arrangements are used in many other countries under different names.
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition. This is much akin to the role of management in any business.
Redevelopment is any new construction on a site that has pre-existing uses. It represents a process of land development uses to revitalize the physical, economic and social fabric of urban space.
Niche real estate refers to specialized sectors of the property market. Examples include income property, garden real estate, condos, equestrian property, vacation property, farm property, golf property, golf course redevelopment, waterfront homes, beach houses and luxury homes. These are categories in which potential buyers think about the property they seek. They are also used by real estate marketing companies to reach these types of buyers. In this context a niche describes a specific segment of home buyers and sellers, classified by ethnicity, nationality or socio-economic group.
A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk.
Gale International is a privately owned real estate development company based in New York City. With roots dating back to 1922, the company is active in North America and Asia, specializing in city-scale, commercial, mixed-use, and golf course developments.
Knight Frank LLP is a global real estate consultancy and estate agency headquartered in London, England.
A residential airpark is a "fly-in community" specifically designed around an airport where the residents own their privately owned airplanes which they park in their hangars, usually attached to the home or integrated into their home. A residential airpark features one or more runways with homes adjacent to the runway or taxiways. Many fly-in communities feature a variety of amenities, such as golf course, equestrian facilities and more. Residential airparks are usually privately owned and restricted to use by the property owners and their invited guests. Most do not include commercial operations or businesses. The communities have also become a niche real estate market, with some firms dedicated solely to these developments.
The term international real estate describes a relatively new phenomenon, that started in the 1980s and kept pace with globalization. The term encompasses real property development, sales and leasing transactions across national borders. International real estate could be viewed as one of the most dynamic branches of real estate although it is, by definition, influenced by fluctuating market value in various sectors between countries, as can be evidenced by the 2008 global credit crisis.
The Discovery Land Company is an American real estate development company and hospitality operator based in Scottsdale, Arizona. Founded in 1994 by Michael Meldman, the company mainly operates private residential communities and clubs in North America. In 2022, the company made public that they will follow an international expansion strategy. Discovery has 750+ employees (2023) and an annual turnover of $1 billion in sales (2015).
TWC Enterprises Limited operates ClubLink One Membership More Golf. It is based in King City, Ontario, and is listed on the Toronto Stock Exchange (TSX) with the symbol "TWC".
Papagayo Peninsula is located on the north Pacific coast of Costa Rica in the northwest province of Guanacaste. It is located in the Golfo de Papagayo and was formed by volcanic activity as the Caribbean tectonic plate continuously overrode the Cocos Plate and by subsequent weather erosion. The 15 miles (24 km) at the coastline contains 31 separate beaches. The larger Elena Peninsula Santa to the north protects the waters in the Papagayo Peninsula.
DAMAC Properties is an Emirati property development company, based in Dubai, in the United Arab Emirates. Founded by Hussain Sajwani, it was listed on the Dubai Financial Market in early 2015. The company was delisted in 2022 after it was taken private again; Sajwani, who retained 72% of all shares, purchased the remaining shares for 2.19 billion AED. The company operates internationally.
The Republic of Panama's real estate industry relies on foreign investment. The sector has grown since 2006, as such investment has helped to fuel Panama's economy and housing market.
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops, minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, buildings or housing in general. In terms of law, real relates to land property and is different from personal property while estate means the "interest" a person has in that land property.
Hussain Sajwani, is an Emirati billionaire businessman and the founder of the property development company, DAMAC Properties, and his private investment company, DAMAC Group.
FirstService Corporation is a Canadian public real estate services company, specializing in residential property services, and based in Toronto, Ontario. It is listed on NASDAQ and the Toronto Stock Exchange.
The Canadian property bubble refers to a significant rise in Canadian real estate prices from 2002 to present which some observers have called a real estate bubble. The Dallas Federal reserve rated Canadian real estate as "exuberant" beginning in 2003. From 2003 to 2018, Canada saw an increase in home and property prices of up to 337% in some cities. In 2016, the OECD warned that Canada's financial stability was at risk due to elevated housing prices, investment and household debt. By 2018, home-owning costs were above 1990 levels when Canada saw its last housing bubble burst. Bloomberg Economics ranked Canada as the second largest housing bubble across the OECD in 2019 and 2021. Toronto scored the highest in the world in Swiss bank UBS' real estate bubble index in 2022, with Vancouver also scoring among the 10 riskiest cities in the world. By 2023 Canada’s nonfinancial debt exceeded 300% of GDP and household debt surpassed 100% of GDP, both higher than the levels seen in the United States before the 2008 global financial crisis.
A luxury apartment is a type of apartment that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenience. While the term is often used to describe high-end regular apartments, or even typical apartments as a form of aspirational marketing, a true luxury apartment is one that is variously defined as being in the top 10% of transactions on the market, or having a total value of more than $4–5 million US dollars, with "ultra-luxury" apartments being valued above US$10 million. However, it can also mean any apartment with extra amenities, such as a doorman, yoga studios or bowling alleys, among others.
