WEALTHY ATTITUDES TOWARD REAL ESTATE
April 5th, 2009According to a recent report by Citigroup's Private bank:
- Over 50% of the wealthy intend to increase their exposure to real estate over the next two years.
“The euphoria of the last few years led to a lot of over-building within the sector. The inventory exists, and much of it was created during a real estate bull cycle. This inventory will need to be reabsorbed, and the basic fundamentals remain that made these areas attractive to begin with. We are also beginning to see many experienced real estate funds acquiring properties. These funds are likely to begin to show profits over the next five years, assuming that the desire for inventory and capital"
This is all good long term news for Maui real estate.






