Demand for wine properties and investments in California’s wine growing regions is vastly outstripping supply, with $175m poured into the region by international investors in the last 12 months. This is great news for the region, but also could point to benefits for wine imported into the states.
According to IWA (International Wine Associates), the US could see growth of up to 50% in foreign wine imports in 2014, deepening the hold that Bordeaux already holds on the fine wine investment market. Moreover, the article points to wine’s continued rise as a recognised asset class, with AVAs (American Viticultural Areas) seeing a ‘firming up’ of their prospective values as more and more investors look to put money into vineyards and producers in the region.
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