63 Percent of GCC Wealthy Individuals to Invest in Global Real Estate in 2016

London, New York and Singapore top preferred investment destinations

According to international real estate consultant Cluttons, Gulf Cooperation Council (GCC-based) high net worth individuals are set to continue investing in global real estate for the remainder of the year, with the 63% claiming that they are likely to invest in their most preferred real estate investment location during 2016.

The third installment of Cluttons’ 2016 Middle East Private Capital Survey, carried out in partnership with YouGov, shows that London, New York and Singapore; are the destinations of choice (outside of the Middle East) for the region’s wealthy, with 54% naming residential as their preferred asset class. 60% of those surveyed identified capital value growth as their main financial investment driver across all asset classes.

Read more: World Property Journal