Clientele Luxury Magazine releases Its Summer Issue featuring Conversations with Luxury Experts from around the USA. Naples, Florida was one of the ten destinations selected for expert advice. Mark P. Riley, Broker of Lux International Properties on 5th Avenue South in Naples, Florida tells readers insight on the luxury real estate market. Riley mentions why buyers are flocking to Naples and has a wealth of experience, knowledge and success on the real estate market.
NAPLES, Fla., June 17, 2022 /PRNewswire-PRWeb/ -- Clientele Luxury Magazine releases Its Summer Issue featuring Conversations with Luxury Experts from around the USA. Naples, Florida was one of the ten destinations selected for expert advice. Mark P. Riley, Broker of Lux International Properties on 5th Avenue South in Naples, Florida tells readers insight on the luxury real estate market. Riley mentions why buyers are flocking to Naples and has a wealth of experience, knowledge and success on the real estate market.
Interview With Mark P. Riley Founder of Lux International Properties in Naples Florida.
Naples has seen a surge in buyers over the past couple of years. What has been drawing individuals to Naples?
"Naples is beautiful, safe, and has a very European flair unlike any other location in Florida. The Gulf of Mexico with it's warm clean waters and beaches are a huge draw for residents from all over the world. Naples has been drawing residents from all over country looking to live in paradise while not having to pay personal state income taxes. Since the pandemic and the rise in employees being able to work from home the amount of buyers from 36-55 age range has grown substantially. We have also seen entire family units relocate to Naples and purchasing several properties. In terms of investments, vacation properties here are said to yield a strong return on an initial investment."
What should a potential investor look for in Naples to maximize their return?
"They should look for location, value and rental restrictions in a community or building. If an investor is only looking at a rate of return from a seasonal renter than the tighter restrictions may not be a concern."
Prices in Naples, based on reports from earlier this year, jumped over 30 percent year over year. What's projected for the rest of 2022?
"2022 has been fascinating to watch and we have price points never seen before. We are are no longer just a vacation market with many second or third homeowners but are seeing more permanent buyers come to the market from inside as well as outside. I do not see a drastic direction for prices being lowered. We see a continuation of low supply and high demand. If that trend continues I believe we will see values at record numbers and Naples being seen as one of hottest markets in the county."
Mark Riley was also voted a Hot 20 Agent among Clientele Luxury's Hot 20 List that they feature annually. He list and sells many ultra Luxury Homes in the most discerning neighborhoods of Naples, Florida. He is involved in Charity and takes part of several Luxury events annually. Mark also attends many High Net -Worth events catered to the super Wealthy where he shares his views on the market. http://www.LuxInternationalProperties.com
Media Contact
Erin Green, Clientele Luxury, 1 239-290-4202 Ext: 239-290-4202, [email protected]
SOURCE Clientele Luxury
Share this article