High Net Worth individuals find that investing in property extremely attractive and that the downturn has made property investment even more attractive. The findings come from Barclays Wealth and the Economist Intelligence Unit who surveyed more than 2,000 high net worth individuals.
The survey found that twice as many individuals 35 per cent – said they plan to increase their property allocation over the next two years, compared to those planning to decrease it.
Rory Gilbert, Managing Director and Head of UK High Net Worth, UK & Ireland Private Bank at Barclays Wealth commented: “The tumble in property values has shaken even the most seasoned investors’ confidence. Despite this, these findings suggest that investors believe we are approaching the beginning of the end of the downturn. It appears that those surveyed are prepared to not only exploit undervalued opportunities, but also to commit further to property over the next two years in the belief that they will benefit from favourable returns.
“Wider market data suggests that initial indications of recovery in property could be a false dawn, or the start of a slow upturn. The next 12 months will be crucial in getting a clearer idea of what the longer term property investment landscape will look like.”
When it came to enjoyment for investment it found that women were much more likely to enjoy investing in property than men. A total of 44 per cent say that they find buying property more enjoyable than investing in other asset classes whereas only 28 per cent of men feel the same way.
The report shows that this confidence is global, with investors in nine out of the ten largest markets surveyed planning to increase their allocation to property over the next two years. However, with the risk of a potentially slow recovery, Barclays Wealth urges investors to take a cautious approach to avoid overexposing themselves to property.
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