Where Should You Look to Find Worthy Luxury Investments?
Are you interested in the world of luxury investing? It’s a side of life that’s becoming more and more popular, as people take charge of their own money and futures. And when it comes to making a great ROI, luxury items have always led the charge.
Thankfully, luxury investments aren’t just for the summer. Invest in the right thing, and you will benefit from a luxury slice of life all year round. People pay a premium for investments like these, no matter the weather, and all you have to do is get yourself in the right place.
But where should you really be focusing your attention? There are various markets out there you can invest in, but if you’re new to the world of luxury investment, you’ll want to check these three areas out first.
Wearable Accessories That Appreciate in Value
Many luxury items appreciate in value thanks to the high-quality nature of their craftsmanship and the materials used in their construction. But wearable accessories that come with luxury names and price tags are usually the best for gaining appreciation over the years.
Watches and jewelry tend to be the two most valuable kinds of wearable accessories, but even investing in vintage and/or designer clothing could ensure you a very valuable portfolio in 10 to 20 years. Give it time, and you can make a very good return at a time in life when you most need it.
Countries with Popular Vacation Home Neighborhoods
Luxury real estate has always been worth a lot of money, and as a result, they’ve usually made their owners a lot of money as well. But if you’re trying to purchase luxury real estate at home, your results may only take you so far. You may not even have enough of a budget to get into the cheaper housing markets across the country, and seeing this can be quite disheartening.
That being said, there is a lot of real estate abroad, drawing on the affordability markers. Namely, you can purchase a luxury vacation home in places like the Dubai real estate market and turn a good profit off of vacation goers year after year. Dubai is one of the most popular places for experiencing luxury while on vacation, alongside places like Santorini in Greece or the Maldives, and investing in real estate in the same areas could build you a very healthy rental portfolio.
Check the Drinks Market
Drinks might be a bit of a wild card in the luxury investment world, but get your hands on a bottle of vintage champagne from a brand like Bollinger, and you can triple its price when the time comes to sell.
The wine market is also a place where great finds mean great returns. If you are going to invest, however, be very careful about ensuring the bottles come to no harm during their time in storage.
Want to invest in luxury? Look into options like these.