Real estate has long been a favored investment among the wealthy, and according to Knight Frank's 2023 Wealth Report, the trend is set to continue in the coming year.
In fact, real estate was cited as the top investment opportunity by 46% of survey respondents, who are the top wealth advisors from around the world, including the Chief Investment Officer at Citigroup Inc and the head of Singapore and Southeast Asia Wealth Management at JP Morgan Chase.
The benefits of real estate as an investment are numerous. Not only does it serve as an effective hedge against inflation, but it also offers diversification benefits that can help to reduce risk in a portfolio. Perhaps most importantly, direct investment in real estate allows for greater control and value-add opportunities, enabling investors to secure enhanced return profiles.
But real estate investing isn’t just for the wealthy. New companies have innovated ways for the individual investor to gain exposure to the real estate market — for as little as $100 (or more, depending on your appetite.) Here’s how to start investing in real estate to earn passive income and build long-term wealth.
Interestingly, the survey also found that one in ten respondents specifically cited looking for attractive valuations and distressed opportunities within the real estate sector. This trend is not limited to real estate, either - equities and the technology sector were also tipped by around a third of the survey respondents.
Knight Frank’s insights provide valuable guidance for investors looking to make the most of the coming year. While real estate remains a popular investment opportunity, it's clear that there are opportunities to be found across a wide range of sectors.
Successful investing will require careful research, analysis, and a willingness to take calculated risks. With the right strategy, investors can navigate the ever-changing landscape of the investment world and secure returns that will help to grow their wealth over time.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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