With the financial markets around the world in turmoil thanks to various social and political disasters, many traditionally robust investment options, including high-value stocks, have become more volatile and less certain of providing a return.
As such, high-net-worth individuals looking for ways to safeguard their money are seeking a future-proof solution.
Many public groups are calling for wealth taxes to help prop up ailing public services, and while many wealthy individuals are happy to pay their fair share, they need to make wise decisions to ensure their financial futures, just as everyone does.
Inflation means that money isn’t worth as much as it was previously, and it’s rising at record rates, meaning you need to find ways to make your money work for you and ensure that it keeps growing so that you have enough cash for the future you expect for yourself and the ones you love the most.
One ideal investment solution is property. Investing in property might seem time-consuming, particularly if you’re a busy business leader, but it can bring many rewards.
In this blog post, we explore the many benefits of investing in property for high-net-worth individuals.
There are many ways to make money from property
Property is a highly versatile asset class that can be used to make money in various long and short-term ways. Investment properties can be leased on a short or long-term basis, to one person or various tenants in a larger building. Also, you can flip properties, which means buying cheaper buildings that need a lot of work doing to them, renovating them and then selling them on for a profit. You could even become a millionaire with property. With multiple options to choose from, as well a wide range of types of properties, such as apartment buildings, terraced houses, commercial properties and more, there are many ways to make money from investing in the property market. So, however much money you have to invest and wherever you want to put it, you can find an option if you explore the property market.
Property is a useful asset you can enjoy
If you choose the right property in the right location, then you can do more than just rent it out or flip it. You can also use it as a family getaway or a second home. You could even relocate and use a home abroad as a primary residence for some or part of the year. If you’re planning on doing this, then make sure you find the right ex-pat tax and financial experts who can help you to ensure that you pay the right taxes and make informed choices on what to do with your money. For example, if you want to move into a property in France, then Kentingtons could be the perfect partner for all your financial advice needs. By finding specialists on the country you’re looking to relocate to, you can get the best support that’s tailored to your needs. You’ll then be able to make the most of your property portfolio and get the most out of your investments.
Buildings last for many years
As obvious as it might seem, properties will last for many years, particularly if you care for them well and put time and money into them. So, if you choose the right properties and keep them in good condition, then you can enjoy them for many years and pass them down to your children and grandchildren. As a high-net-worth individual, you have a legacy to maintain, and you can use property to ensure that it lasts for many decades or even centuries to come. As any property investment course will explain; when you buy a property, you’re buying an asset that will last for a long time, as opposed to perishable and fast-turnaround items and products that rely on trends, such as cryptocurrencies and fashionable items. So, buying a property can be a long-term commitment that could benefit you and your family well into the future.
You can be as hands-on as you want
For some investors, being hands-on and dealing directly with your assets can be too time-consuming. Thankfully, property is a versatile asset class, so you can choose how much time and effort you put into it. If you want to manage a rental property portfolio yourself, then you can, but there are also companies out there that can take care of the day-to-day management of your properties, so you don’t have to. If you don’t want to invest directly in properties, then you can also check out property investment funds that will allow you to make money from the property market without buying buildings yourself. With so many options, you can find the right one that suits you and takes as much time as you’re willing to put into your property investment.
Property remains a stable choice
Most investment markets are fluctuating rapidly right now, but one that remains stable is property. While there is speculation that prices could fall, they have been rising steadily so far, and many experts believe that they will remain high. As such, property is one of the most stable markets for investors right now, and will remain so in the future. While other markets are fluctuating and uncertain, property is still stable. Having a roof over their heads and facilities to use for business will always be essential for everyone, so property will always be a requirement. Alongside food, it’s one of the few essentials that will always be required and that people will always end up paying the asking price for. As such, you can rely on the property market to keep your money safe and bring you at least some returns on your investment, even if they’re not as high as you expect because of the uncertainty of the global economy currently.
For high-net-worth individuals, safeguarding money and choosing the right investment assets is crucial, especially during these tough times. This article explains why property remains one of the best options for keeping your money safe and bringing you a return that you can use for your family’s future.