According to the experts at National Realty Investment Advisors, real estate is the way to go for investors looking to make good in 2014. They are not the only ones who think so, either. According to a recent report from Bloomberg, U.S. millionaires see real estate as the single best alternative asset class to own in 2014.
“About 77 percent of investors with at least $1 million in assets own real estate, according to a survey released today by the New York-based investment bank’s wealth-management unit,” the article reports. “Direct ownership of residential and commercial properties was the No. 1 alternative-investment pick for 2014, with a third of millionaires surveyed saying they plan to buy this year.”
Dan Hirshout of National Realty adds, “This is something that many investment experts won’t tell you, because they do not stand to make any commission on real estate trades. For those who are interested in truly fruitful investments, though, realty should not be overlooked.”
Why Real Estate?
These comments from National Realty Investment Advisors aside, what is it that makes real estate such a superior choice for investors? Bloomberg notes that real estate markets are looking particularly positive right now, rebounding even as fixed-income yields remain historically low and equities surge. “U.S. commercial-property values rose 8 percent in the 12 months ended Jan. 31, and have jumped 71 percent since hitting their post-recession bottom in 2009,” the article notes.