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Property Investment for wealthy individuals 2003Published by: Datamonitor Published: Jan. 5, 2004 - 35 Pages Table of ContentsTABLE OF CONTENTS INTRODUCTION 7 OVERVIEW OF THE PROPERTY MARKET 9 Means of exposure to property investments 9 Competitive Innovations 11 Property is an attractive investment class 12 Current property market scenario 13 PROPERTY INVESTMENTS FOR WEALTHY INDIVIDUALS 18 Access to property investment vehicles 18 Means of exposure 19 Client ownership 20 Wealth Managers’ Roles 25 ANALYSIS AND OUTLOOK 26 Appendix 28 Data 28 Further Reading 32 Datamonitor Reports 32 Datamonitor Global Wealth Service: Insight Reports 32 Datamonitor Global Wealth Service: Competitor Tracking 33 Do you need further information? 34 Datamonitor financial services consulting 34 SPP writing team 35 LIST OF TABLES Table 1: Proportion of pan European wealth managers offering exposure to alternative investment vehicles 28 Table 2: Proportion of pan European wealth managers offering exposure to property investments, classified geographically 28 Table 3: Exposure to property investments by pan European wealth managers, classified by type and proportion of wealth managers providing service 29 Table 4: Proportion of clients investing in property, classified geographically 29 Table 5: Reasons for clients’ asset allocation in property, classified geographically by proportion of wealth managers responding 29 Table 6: Pan European wealth managers’ expectations for changes in private client’s exposure to property over the following two years 30 Table 7: Pan European wealth managers’ expectations on barriers to the wider proliferation of property investments, classified geographically 30 Table 8: Development of wealth manager’s role in relation to clients’ property assets 31 LIST OF FIGURES Figure 1: Returns from property better than those from bonds across Europe, 2003 13 Figure 2: Office vacancy rates on the rise, 2003 14 Figure 3: Prime office rents on the fall throughout Europe, 2003 15 Figure 4: Prime retail rents on the rise, 2003 16 Figure 5: Italians wealth managers lag behind in offering property to clients, 2003 18 Figure 6: French wealth managers offer exposure to real estate entirely by direct investment and via third party funds, 2003 20 Figure 7: A larger proportion of German clients invest in property vehicles compared to the English, 2003 21 Figure 8: Increasing diversification within portfolio is the number one client motivation to invest in property, 2003 22 Figure 9: No drastic drops expected in clients’ asset allocations to property over the next 1- 2 years, 2003 24 Figure 10:Pan European wealth managers offer different views on development and decline of service offerings , 2003 25 AbstractIntroductionA slow recovery in equity markets combined with skepticism on the overvaluation of bonds has prompted an increasing amount of attention on alternative investment vehicles in 2003. This brief aims to explore pertinent issues related to the pan European property investment market from the perspective of private clients and wealth managers. Scope Quantified data from interviews with ninety six wealth managers Coverage: France, Germany, Italy, Spain and UK Report Highlights Direct investment in real estate assets is found to be the most popular means of exposure offered by wealth managers across Europe, most noticeable in France and Germany. 75% of UK wealth managers have clients with less than five percent of assets invested in property vehicles, while only 17% of their clients have invested between 10 and 20% of their assets in this asset class. Over a fifth of Italian wealth managers consider set up costs as formidable and a lack of in- house expertise as a further hurdle to offer property as an investment class. Reasons to Purchase The current pan European property market and the relevant issues from the perspective of wealthy individuals Offer an informed opinion on a wealthy client’ asset exposure to property Learn what the most innovative competitors are offering in the market Get Full Details About This Report >> |
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