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 4/10 Good --- www.heliumreport.com http://feeds.feedburner.com/HalogenGuidesRealEstate
| Halogen Guides is an independent network of websites devoted to helping you take the guesswork out of high-end purchases. Our analysts and reporters write objectively about luxury travel, real estate and private aviation. ... |
Saturday, July 05, 2008 --- 47 days ago http://feeds.feedburner.com/~r/HalogenGuidesRealEstate/~3/325827957/1301-real-es
 High net worth consumers took money out of real estate last year according to the World Wealth Report released by Capgemini and Merrill Lynch, shrinking the portion of their portfolios devoted to investments like commercial real estate, REITs, and investment properties. In 2007, just 14 percent of the assets of high net worth individuals were in real estate, down from 24 percent in 2006. By 2009 the share is expected to drop to 11 percent. While the report does not specifically address second homes (though those properties could fall in the realm of an investment property), the National Association of Realtors says that sales of second homes and investment properties were down last year from their record highs. While real estate as an investment may be losing its shine, high net worth consumers are still spending heavily on travel, which could be good news for destination clubs . The World Wealth Report looked at the spending patterns of the ultra wealthy and the rise of experiential and luxury travel, which includes everything from philanthropic vacations (think voluntourism), unique tours to Antarctica and global voyages via private jet , offered by companies like Travcoa and Abercrombie & Kent. All destination clubs have concierge services, which aim to customize each member’s stay in a home, but increasingly these clubs are moving to offer more travel options. Exclusive Resorts’ Once in Lifetime program and Quintess’ Q Leading ... |
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