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2016: 2nd Quarter

As predicted, the first half of 2016 reflected a continuation of pre-existing Palm Beach residential real estate market trends. Faced with the lingering volatility experienced in 2015, enhanced most recently with accelerating political uncertainty & concerns over Brexit, public investment markets experienced wide fluctuations, struggling with the prospects of a global economy plagued by heightened risks, slow growth & low returns. As such, investors continued a collective inclination towards risk aversion. In light of these challenges, Palm Beach remained a prudent investment opportunity relative to the competition, continually insulated by its favorable tax structure, tropical climate, high demand from affluent buyers & tremendous safety & security.

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