Real estate gains from flight to safety
Investments in real estate, particularly residential property, became more appealing to the world's richest individuals in 2008.
For the richest people in the world, the proverbial flight to safety didn't just mean flocking to fixed-income instruments or cash and deposits. It also meant increasing their allocation to real estate. High-net-worth individuals (HNWIs) from the Middle East and Asia-Pacific ex-Japan, in particular, had the highest allocations to real estate.
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