2010 Will Be A Great Year For Property Investments: the Wealth Report 2010
2010 will be a great year for property investments: The Wealth Report 2010
According to the reports released by Knight Frank and Citi Private Bank -- most of the high net-worth global investors aim to make one-third of their portfolios in properties.
The report "The Wealth Report 2010 is a 45-page report, which gives a survey of outlook of high net-worth groups on global residential properties. The report takes cities from Dubai to Shanghai from various parts of the world and it gives exclusive information about the prices, market changes, global wealth and risks.
Some of the main points of The Wealth Report 2010 are:
1.High end residential property is considered the best asset to own.
2.71% respondents consider 2010 will be a good year for property investments, whereas 68% equities, 67% hedge funds, 41% cash, 38% gold, 36% derivatives and 27% bonds. Gold and cash was also low in the list and the high net-worth global investors believe that in the year 2010, highest returns will be generated from equities 31%, hedge funds 25% and then property 21%.
3.33% of the high net-worth individuals investment portfolios are on properties.
4.Properties are preferred for long term investments instead of quick income.
5.It is reported that New York price per square foot, is less than London, Paris, Geneva and Tokyo, and New York ranked number 1 city, for quality of life.
6.The report reveals the list of countries, that lost most millionaires in the downturn and the list was topped by India and Portugal.
7.After reaching the lowest price in 2009, the property prices of London has risen by 15%, and in Hong Kong, the prices have gone up by 41%, which shows a sharp bounce in price of properties.
8.The report also mentioned that the majority of the high net-worth individuals believed in their own expertise than on their colleagues except South Americans, who believe their wealth manager more than themselves.
Mayfair Group offers to capitalize on the Global Real Estate downturn
S&P/Case-Shiller Home Price Indices released on March 30, showed the annual rate of decline in 10 U.S. Cities and twenty U.S. cities improved in the month of January, as compared to the month of December.
U.S. property market is set to rebound supported by government policies of tax credit and low mortgage rates and renown real estate company, Mayfair Group offers to invest in cheap properties in U.S. and other parts of the world. The company ensures to provide rental management and asset management features to the investors.
Real Estate Market: US mortgage rate rise above 5%
(April 02, 2010)
Interest rates on 30-years fixed loan mortgage was up to 5.08% in the week ending on April 1. In the previous week, rate was 4.99 % and the chief economist, Stan Humphries expects the rates to be high nearing around 6% in the rest of the year.
Reasons for high rate: The rates are expected to increase due to the end of the Feds intervention in the mortgage backed market. Federal Reserve stopped buying the mortgage backed securities by the March end, although, the rate on the 30 years fixed loans was high from the start of the year.
Effect of rising mortgage rate on housing market
Housing market may be affected by the end of government support in the housing market in the form of tax credits and end of mortgage related securities but housing market is optimistic about home sales because of the rise in demand of the home purchase loans, which indicates increase in number of home sales.
U.S. mortgage applications rise
Housing market may improve without the support of government intervention as the mortgage bankers association informed --the U.S. mortgage application rose in the last few weeks and it indicates an increase in demand for home purchase.
Mayfair Group. Reg. No. 6609354.Registered in England. Registered Office: Berkeley Square House, 2nd Floor, Berkeley Square, Mayfair, London,W1J 6BD, United Kingdom, www.mayfair-group.com
by: Bruce Wills
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