Luxury Real Estate

By Jean-Yves Piton

Unsurprisingly, international real estate investments firms, worldwide real estate brokers/agents and wealthy global buyers are capitalizing on investment opportunities around the globe at this present time.

As expressed in the news article “Sunny side of the street: America’s wealthy see buying opportunities in sluggish real-estate market,” published by MarketWatch.com (WSJ.com), 70 percent of the wealthiest (over $500,000 in investable assets) surveyed believe that the true opportunity in real estate is now. The survey discloses that precisely 40 percent of the wealthiest are presently shopping around to acquire properties this year.

Agreeably, PNC Wealth Management demonstrated in a recent Wealth and Values Survey that 69 percent of the affluent accumulated most of their wealth through work, business ownership and/or investments.

Clearly, such values about wealth help support the reason why the number of millionaires is expected to grow by an additional 6 percent this year.


Editor’s Note:
Jean-Yves Piton is the Global Services Membership Manager for LuxuryRealEstate.com. He assists Bente Madtsen, the Director of Global Services, in expanding the LuxuryRealEstate.com brand into even more countries around the world. These are some fantastic statistics! This shows that there is hope in today’s marketplace because the wealthiest members of society are noticing great opportunities to buy with prices declining. Simply marvelous.