The Ultra-Rich Plan to Buy More Property in 2014
According to the Knight Frank The Wealth Report 2014 which surveyed about 600 private bankers or wealth advisors representing around 23,000 UHNWI clients across the world,
"Almost a quarter of UHNWI investment portfolios is accounted for by property and as an asset class it is growing in popularity.
Just over 40% of survey respondents said their clients increased their allocation to property in 2013 and 47% expect it to increase further in 2014.
Residential property was the most popular area to invest in (54%), followed by commercial premises (34%) and agricultural land and forestry (12%)."