Tuesday, December 1, 2009

Wealthy Investors Plan To Buy More Real Estate

Bloomberg Article Summarized by Troy Corman, todayshomedeals.com

Search Dallas homes, dallashomes2buy.com

Investment giant Barclays Plc says twice as many wealthy individuals plan to raise their investment in commercial and residential property as intend to reduce it. According to Barclays's recent global survey, the richer the individual, the greater the proportion of wealth is placed in real estate.

Commercial and residential real estate prices have declined across the globe except for Asia. As a whole, commercial real estate has declined 21% in this year's first 3 quarters.

Almost 30% of British and Indian investors hold more than half of their wealth in real estate. Approximately 40% of individuals worth more than $49 million also hold more than half their net worth in real estate.

3 out of 4 investors surveyed find residential real estate attractive while 2 out of 3 may explore commercial real estate investments. The U.S. was the favored market to invest, since many believe it has the highest potential return on investment.

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