Luxury Real Estate still a Solid Investment

Some interesting numbers from the much talked about Architectural Digest / Sotheby's International Real Estate Survey
· 85% of respondents agreed that “Real estate continues to be one of the better investments a person can make.”
· 72% of respondents believe their primary home value has remained constant or increased in value over the last 12 months (46% remained constant; 26% increased).
· Nearly two-thirds of respondents report that current conditions have “no effect” on their likelihood to sell their primary home (63%).
· In the coming year, 79% believe the value of their primary home will continue to remain constant or increase (55% remain constant; 24% will increase).
· In the next year, more than half (54%) of the million-dollar homeowners plan to buy, sell, build or invest in a new home.
· 69% of million-dollar homeowners agree that now is a good time to add to one’s real estate holdings.
· 71% agree, “Over time, nothing beats real estate for building one’s personal wealth.”
· Half (50%) of respondents think the media exaggerates conditions to make the market seem worse than it is.