Individuals with a high net worth are feeling pretty good. Well, more so than usual.
CNBC reports that despite uncertain economic and political conditions across the world, luxury buyers still have a very strong intent to purchase real estate.
As such, real estate is still in demand for the economic elite, but varied somewhat depending on their location. The YouGov survey found that 25 percent of the wealthy were looking to purchase new property over the next three years, with 18 percent looking to sell. Outside the U.S., the mood was far more confident: 45 percent of wealthy buyers are looking to purchase real estate with only 23 percent looking to sell, the data showed.
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