Wealthy investors area again looking towards putting their money in real estate, a new survey showed today.
The Barclays Wealth Report survey showed 35 per cent or respondents plan to increase their residential and commercial property allocation over the next two years, compared to 17 per cent whom plan to decrease it.
The U.S. was the top target, with 16 per cent saying they expected to see the best returns there. China and the UK were second on the list, at 7 per cent expect the best returns there.
The report indicated the growing interest was due to investors seeing the best long term prospects in property, as well as the recent price falls leaving the door open to some good opportunities. The survey also found 76 per cent of respondents saw investment opportunities in residential property, compared to 68 per cent for commercial property.