Hi:
Many people never think of the large factors that are changing our lives in so mnay ways. Yesterday, talking about real estate, the big factors that come to mind for me are globalization and demographics, as well as lesser social trends.
Globalization is the process of including global factors in your decision making. People are now looking internationally at opportunities that interest them. People all over the world are awakening to the fact that the world has exciting places to live other than where they were born. Further, citizens have the ability to buy property where they want. They want Vancouver, you want Costa del Sol.
Take Portugal, for example. On the Algarve coast massively large homes with ocean views have been built. For whom, you might ask? Well, the Germans apparently enjoy getting away from their cold winters. Facing Africa and the brilliant blue skies and water are pleasant ways to forget the cold days, warm the arthitic bones.
There are 60 million people in the U.K. over the age of 60. Where will they want to enjoy their time? For some, not in grey cold London. In spite of its charm, England gets left behind for Greece and Spain.
Closer to home, Americans are buying second homes in the Okanagan and Victoria. Canadians buy home in Florida and Arizona. Many retirees are moving to Central America. Panama, for example, is appealing because of its pensionado status.
We are a global village now, whether we like it or not.
M.
retirement
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