LAS VEGAS – Sam Zell, the billionaire real-estate investor interacted with the audience at SALT conferences in Las Vegas and discussed regarding accumulating capital for future real estate investments. The founder of Equity International said that there is going to be an opportunity for people to invest in the real estate sector at cheap prices. While narrating his words, Sam Zell said that in comparison to the last 4-5 years, the prices of real estate have come down and there is going to be a favorable time for people to buy property in the next couple of years due to the oversupply of apartments as well as offices.
Zell said that in the past few years, a huge number of apartments, as well as offices, were built and the availability of opportunities in the real-estate sector was more than the demand. He stressed on the need to gather capital for future investments in the real sector in the coming two years. By giving this statement regarding the futuristic trend in the real estate sector, Zell has come in news all across the world. However, it is not for the first time that he has managed to gain people’s attention. In the previous year, he was in controversy for releasing vulgar comments about the hiring women and regarding his questionable ownership of the Los Angeles Times. Because of the vulgar comments on hiring women, he wasn’t invited to ULCA last year.
Apart from this, he has also called $2 trillion infrastructure plan of the US president Donald Trump a stupid idea. Zell also raised questions over Trump’s stand on immigration will not going to benefit the country as there is a shortage of skilled workforce in the country.
If Zell’s statement is believed, then there is going to be a surge in the investment related to real estate in Koh Samui. This region in Thailand has already been receiving applications for real-estate investments from various tourists across the world. Also, if there is going to be an excess supply of commercial and residential properties, then more people will like to invest their money in the Koh Samui region.