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Thursday, 16 January 2014

World's super-rich hold a fifth of their wealth in real estate

The world's super rich people hold a fifth of their wealth in property, estimated at USD 5,328 billion, while Asia's ultra rich have a greater share in real estate, a report says.

According to international real estate advisor Savills, in association with Wealth-X, property accounts for about a fifth of the invested wealth of almost 200,000 ultra high net worth individuals (UHNWIs) in the world.

Of the total private wealth of USD 27,770 billion, 19 per cent is held in real estate assets amounting to USD 5,328 billion, it said.

Europe's super rich hold the biggest share of all privately owned real estate assets, followed by Asians.
To read more please visit -  Zeenews

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