As the real estate debacle of a few years ago seems to be settling, many wealthy investors in the U.S. and around the world are prime to begin investing in North American properties again ? and Florida land will ostensibly be on their list. According to a recent report, a survey conducted on private bankers and wealth managers showed that 53 percent of these professionals expect that their high-net-worth clients will increase the amount they invest in real estate during the next five years.
Within this group, the most in-demand area appears to be residential real estate. Over 70 percent of wealth management professionals believe their clients will invest in residential properties while over half will hold on to the properties they already own. Only 22 percent of those surveyed believe their clients will seek to unload their residential holdings over this same five-year period.
After residential real estate, land for development is the next most popular choice for investors. Those surveyed indicated that 60 percent of their clients will increase their investments in development property, with 36 percent hanging onto their current parcels.
Although the majority of the survey respondents were based in North America and the United Kingdom, they represented clients from all corners of the earth.
Regardless of their country of origin, any of these investors would do well to consult with an attorney experienced in real estate law. As the process of real estate acquisition can be complex and sometimes confusing, especially for a non-native, having a legal ally on which to rely can help the process go more smoothly.
Source: nreionline.com, "High Net Worth Investors Hungry for Real Estate, Survey Finds," Elaine Misonzhnik, June 25, 2015