Real Estate Is A Top Investment In 2014 For The Wealthy
People with the big bucks across America are stating that commercial and residential real estate is the best alternative-asset option for this year.
According to a new Morgan Stanly study, one-third of millionaires plan to purchase real estate this year and 23 percent say they will invest in real estate investment trusts. Even global real estate investors are setting their sights on the United States. The Association of Foreign Investors in Real Estate stated that the U.S is “stable and secure” country for real estate investment.” It is also the top market when it comes to future real-estate purchases and capital appreciation. New York, San Francisco, Huston and Los Angeles take number 2 through 5 spots where foreign real estate investors are buying. According to the National Association of Realtors, last year $68.2 billion dollars were spent on single family homes in America. Being seen much in South Florida, the fastest growths in foreign buyers were Canada and China. A lot of these investors are seeing the price of stocks rise as interest rates are staying the same. This is why people are looking at other options including real estate for income and even financial returns.