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In an article published by Bloomberg describing a finding by Morgan Stanley’s wealth-management unit, it was reported that The team found that 77% of investors that have at least $1 million in assets own real estate. In the survey released amongst investors, the teams asked what the top alternative-investment picks were for 2014. What investment claimed the top of the list? Direct ownership of residential and commercial properties. 33% of the surveyed millionaires stated they planned to buy property this year. 23% of the investors claimed intentions to invest in real estate investment trusts, the second-most popular choice.
The U.S. real estate market is attracting wealthy investors since it has been on the rebound for a while now, as currently fixed-income yields are very low whereas equities are soaring. Also contributing to the increase in domestic investment is the rise in foreign investment in U.S. major cities. As foreign investors allocate their money in the U.S., competition spawns which in turn drives prices up. To read more about the effects foreign investment is having on the Miami real estate market, follow this link: https://brickell.com/foreign-buyers-boost-miami-real-estate-market/.
This trend of investment is already notable. Many pre-construction buildings have already completely sold out, among them Icon Bay, Brickell House, and Millecento; others are already on this path and more are sure to follow. If you are interested in investing in Miami or merely interested in educating yourself in real estate investment, do not hesitate to call us at (305)379-0203; we’re only a call away.