As forecast, quality Palm Beach real estate proved to be one of the better investment strategies for 2015. Public investment markets struggled with a global economy of slow growth and low returns, but as the metrics below illuminate, Palm Beach residential investments outperformed most alternatives. Factoring in the additive “quality of life” derived from a Palm Beach home, the benefits continue to be compelling. Compared with 2015, the global economy in 2016 is unlikely to yield more favorable results. According to one economic advisory firm, “The key drivers of volatility of the last 12 months remain just as relevant today.” The quote continues, “Amidst ongoing volatility and divergent central bank monetary policies, we expect financial assets to move in a less correlated fashion than they have over recent years. We therefore seek to select high-quality investments whose growth prospects depend more on long-term trends and which have been less volatile during periods of market stress.” During these turbulent times, the U.S. has proven to be one of the most prudent investment options, with real estate in strategic U.S. locations having significantly outperformed the public markets. Due to continuing market forces of the (i) aging Baby Boom demographics, (ii) magnetism of zero State Income Taxes and (iii) tropical climate, safety and security of Palm Beach, it is probable that quality Palm Beach real estate will again be one of the more prudent investments of 2016.
