NEW YORK: The power of the “grey dollar” is one of the major factors that will influence the future price of property, claims a report.
The analysis has produced a “cheat sheet” for property investors which attempts to forecast the implications of everything from the power of baby boomers’ “grey dollars” to the future impact of increased overseas investment and growing international visitor numbers.
The report claims the “grey dollar” would determine the shape of all sectors.
Baby boomers control a big share of national income and wealth with many seeking ways to spend their retirement or leisure time.
“Their effect will be most influential to travel, leisure, healthcare, retirement, hospitality, fashion, and residential facilities,” the report said…