Croatia Property On The List Of The Super Rich

According to the international real estate community it seems that the super wealthy have once again begun their search for trophy properties. After the aftermath of the crisis, opulence and displays of wealth were passé but for a short time it would seem.

Leading international real estate agencies are now seeing a rise in the number of property buyers returning to opulent property hot spots. High net worth individuals are looking to secure one of real estate opportunities as prices have in many areas come down to below the peaks of 2007/2008.

St Moritz (Switzerland), Cap Ferrat (France), Paris, London, Monaco and Portugal’s Algarve as singled out as favored playgrounds for those seeking top end lifestyle buys with Abu Dhabi, Hong Kong, Sydney and London as the world’s most popular destinations for investors primarily driven by investment returns.

However, it has also been noted by Liam Bailey, of Knight Frank that other future high-growth luxury residential markets include Montenegro, Vietnam, Brazil, Argentina, Morocco and property in Croatia.

Investment bank Credit Suisse recently released Global Wealth Report that notes real estate as a percentage of household wealth has increased markedly over the past 10 years, with investment portfolios generally equally split between financial assets and property.

Despite recent housing bubbles experienced by most countries, the report shows investors in many countries still have a heavy bias towards real estate.