Wine is still a good long-term investment

By: trademagazin Date: 2009. 11. 16. 00:03

On the wine market, the signs of prosperity continues to appear, especially with the rising demands of the Asian markets. Since January, prices have increased by 14-18 percent, only in March was some decline.

According to the Liv-Ex index of 100 Fine Wine Exchange; since 1993, the price of bottled wines increased by more than tenfold, so now wine as an investment means an average of 15 percent yield annually. 
The biggest driving force is the Asian demand: China’s annual 8 percent GDP growth 'products' out a more and more growing consumer solvent layer – reports penzcentrum.hu.




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