02 December 2009 - Barclays Wealth predict high net worth individuals to increase property holdings

According to a survey released this week by Barclays Wealth their high net worth customers are predicted to increase property holdings from an average of 28% to 30% of their total portfolios.

On the face of it this might seem surprising given the apparent flight from property during the last two years but in truth it backs up those analysts who predict a rocky ride for equities over the medium term and a surer return on property.

Despite the advice of Mike Dicks, Head of Research for Barclays Wealth, that property should make up no more than 10% of the average portfolio it appears that investors are voting with their feet. There is now a clear view that properties are genuinely undervalued and represent a great opportunity at present.

The survey was conducted on a sample of 2,000 High Net Worth individuals, 40% of whom had assets of between £500,000 and £1m; another 40% on top of that have assets of between £1m and £10m; another 10% have assets between £10m and £30m. The final 10% have assets worth more than £30m. Clearly a group worth listening to!



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