Monday, May 30, 2011

The importance of property

A recently released report by global real estate firm Knight Frank and Citi Private Bank highlights the important part that property plays in the lives of the wealthy.

The report looks at the property habits of those who have fortunes of more than $100 million and found that these wealthy individuals have 35% of their wealth in property.

After their own business they see property as their most important investment and are currently more likely to invest in property than any other asset class.