Property Investment: One of the Biggest Business in the World.

Released on = May 24, 2005, 7:48 am

Press Release Author = Prestige Management

Industry = Consumer Services

Press Release Summary = FACT: More than 1,800.000 Europeans will buy a second residence in the next five years; 1,300.000 of them will be experienced investors.

FACT: In the next five years 52 million "baby boomers" will be looking for a retirement spot, requiring sun, sea and a relaxed lifestyle. Only one problem: high demand means high prices.

FACT: The three most popular retirement destinations world-wide are California, Florida, the Spanish Costa del Sol.

Press Release Body = Property Investment: One of the Biggest Business in the WorldFACT: More than 1,800.000 Europeans will buy a second residence in the next five years; 1,300.000 of them will be experienced investors.

FACT: In the next five years 52 million "baby boomers" will be looking for a retirement spot, requiring sun, sea and a relaxed lifestyle. Only one problem: high demand means high prices.

FACT: The three most popular retirement destinations world-wide are California, Florida, the Spanish Costa del Sol.

Due to bad or non-performing stocks and shares, ever decreasing pension funds and low saving rates, people have increasingly been looking for alternatives to invest in their future. Properties are rapidly becoming the new pension. With the recent rises in properties, people have had a lot of equity in their current properties to invest with. Not just content with investing in the future, many people are
investing for the present.

Peter Gordon, Prestige Management PLC Managing Director, reports that the bonanza in property investment continues to rise at least until 2010. The highest returns (25%-30% per year depending on location), can be gained by buying "off plan"; getting in at this stage ensures rock bottom prices with the certainty of making a profit before completion of the building.

Given this, Prestige Management PLC is proud to announce its latest investment and advisory service for the Spanish property market.

Prestige Management PLC is a global real estate investment management company that provides services worldwide to a diversified client base that includes corporations, financial institutions, governments and individuals.

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If you'd like more information about this topic, please call Prestige Management PLC. at +41 (0) 44 580 62 23 or e-mail news@prestigemanagementplc.com

Web Site = http://www.prestigemanagementplc.com

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