Super rich chose property over equities

Recent data has shown that the super rich are placing their funds into property rather than other assets classes. This survey based on those of us with a net worth above $10 million (?6.6 million pounds) showed that they hold approximately one third of their investment portfolio in ?bricks and mortar?. These investors interestingly favored residential property over commercial and took an international view, with favored locations for their funds in destinations like Hong Kong with some top end European resorts being the least favored. Interestingly they expect to invest more money into property in 2010.