Wealthy investors are hot on property

Wealthy investors are once again eyeing property markets, according to the latest report by Barclays Wealth and the Economist Intelligence Unit EIU titled Prospects for Property On Solid Foundations

More than 2,000 global high-net-worth individuals with investable assets ranging from 500,000 $826,000 to 30 million were surveyed. The results showed that wealthy investors in nine out of 10 markets plan to cautiously increase their allocation to real estate during the next two years, by one to four percentage points, with almost half 49% expecting to see an increase in the value of their property portfolios within this timeframe.

Sixty-four percent of Hong Kong respondents currently have 5% to 30% of their investment portfolios...