Residential property remains a status symbol for many, accumulating business bases and leisure property, as well as investment portfolios for income return. Private wealth has a greater propensity to invest in residential than their institutional counterparts. Some 48 per cent of advisors said their clients intend to buy into this sector in the next five years. Residential is the top ‘buy’ for the next five years for Asia-based HNWIs.
Analysis of UHNWI and HNWI investment intentions by geographical region reveals that UK the is currently the top global ‘buy’. Fifty per cent of those surveyed said their clients intend to purchase there in the next five years. This is partly because a high number of global investors are based in the UK and are therefore looking to buy in their homeland or adopted home. Also the British are heavily into direct real estate investment in a way that large investing countries, like the USA for example, are not.