The Wealth Report was published the first of March and I was invited to attend the release of it. It was incredible to see the executives of Knight Frank (who released the report) talk about the economy and its effect on real estate globally.
The main takeaway: Real estate is still a key investment option for ultra high net worth individuals. On average, the wealthy owns 3-4 homes, 40% of the group expect to increase their residential holdings over the next 10 years. Thirty percent of ultra high net worth are planning a residential purchase in 2016. On average, their real estate investment portfolio allocates 11% in commercial properties and 24% in primary and second homes.
Top reasons why the ultra high net worth value real estate:
1. It remains one of the best investments to sell in the future;
2. Real estate is good for investment diversification;
3. It is still one of the best ways to preserve capital.
As for Massachusetts, buyers are back! March had the highest transactions for the year so far. We are starting to see a lot more activity in the higher end real estate than we have all year.
MEAL OF THE MONTH:
Carrots & Sesame: The Perfect Bite
When I just want to lay back and people watch on a beautiful spring day, this is what i like to bite. Subtly sweet carrots spring to life when paired with nutty richness of sesame seeds.
1.Simply peel three lengthwise into ribbons (we used a variety of colors)
2. Then toss with a teaspoon of toasted sesame oil and half a teaspoon of lemon juice.
3. Sprinkle with sesame seeds, and you’ve got a delicious forkful, made even more irresistible with a dash of sea salt.
PROPERTY OF THE MONTH
There is nothing better than to represent the best deal on the block, which happens be the best product on the block. That is what 34 Tolman Street, Sharon is; Warm and lovingly maintained spacious four bedroom Cape style home is located in center of town prime neighborhood. Highlights includes a wonderful open living room & dining room, two full bathrooms, a breakfast room overlooking private yard and patio, a first floor family room/office, plus a sun filled den with a bow window. The large master bedroom has plenty of closet space and entrance to full bath. Also features are refinished hardwood floors, updated windows, new walkway and a freshly painted exterior. This property is close to schools, lake, play ground, train & a short ride to the highway. This home is more spacious than it appears from the exterior. EXCELLENT DEAL! so any question about the property, i’ll be happy to answer and take you for a tour.
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