Who are they and do they want?
For starters, these uber rich folks have at least $30 million in assets. They are ultra-high net worth indivuduals (UHNW) who buy the finest wines, watches, cars, yachts, jewelry and real esatate. In seeking safe investment diversification, they purchase second homes in foreign countries to gain citizenship or residency status.
Acccording to a recent study, there are 211,275 UHNW individuals worldwide who collectively hold nearly $3 trillion (U.S dollars) in real estate assets. Roughly 10 percent of their net worth is invested in real estate.
Regardless of your income level, buying real estate is a great investment if you make sound purchases. Call me to discuss real estate investment strategies and opportunities to grow your net worth. 305-898-1852 Wellins.D@ewm.com