Wealthy Floridians upbeat

Demand drivers different in Sunshine State

If the millionaire next door is no fool, then Southwest Florida real estate is still a good bet.

So says a survey of wealthy Floridians — many from Naples — to be released today by PNC Financial Services Group Inc.

Nearly three out of four wealthy Floridians expect to see their homes appreciate in the double digits in the next five years, a much higher level of optimism than others polled in the nationwide survey of almost 1,500 wealthy respondents.

Only 5 percent said they expect any decline in their home price in the next five years, the survey, which included more than 200 South Floridians, found.

Real estate survey: Floridians more upbeat than other millionaires [Naples Daily News]