Millionaires Not So Confident In Their Investments And The Economy
According to a new survey by the Spectrum Group, individuals classified as millionaires are growing more pessimistic about the economy and less confident in investments than their “affluent” counterparts. The Spectrum Group identifies “affluent” respondents as those with more than $500,000 in investable assets.
Among the findings of the survey, affluent investors were most concerned about stock market conditions, the economy, retirement, housing and real estate, cash flow, income and job security. A higher percentage of millionaires cited concerns about the condition of the stock market, retirement, and housing and real estate. This marks the first time that millionaire respondents were more concerned about the economy than affluent investors.
One bright spot in the way of investments is the annual double-digit gain that investors can realize in the purchase of Puerto Vallarta real estate. Unlike the major US real estate markets, the gains in Puerto Vallarta real estate remain strong, as does the appreciation. This condition has persisted for about ten years, and shows no signs of stopping, or even slowing down.
As the population in the US changes, certain constituent groups will be looking for stable, productive investments that can supercharge a portfolio of holdings or support the short- or long-term goals of the individual investor. When people are not confident in their investments, they naturally look to purchases that will stabilize their portfolio and minimize their losses. In the case of Puerto Vallarta real estate, they can accomplish these goals and experience significant growth at the same time.
Few investments – especially in real estate – are as productive and desirable as luxury real estate in Puerto Vallarta. The value of the investment isn’t going to go down. Puerto Vallarta has been a recognized tourist destination for 160 years, although ships have anchored in the friendly and calm Banderas Bay for hundreds of years. The attractiveness of Puerto Vallarta to world travelers isn’t going to diminish. In fact, Puerto Vallarta has built a new airport terminal in anticipation of several hundred thousand more visitors each year.
The market conditions in Puerto Vallarta are such that land located outside the city with a high return potential is being sold right now to individual investors. A few parcels are being offered right now by Select Mexico Properties. The company also offers, design, engineering, and construction support.
Photo Credit: Steve Woods
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