Prime time for property | Bangkok Post: business

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Prime time for property

Wealthiest Asians have lots of attractive investment options in the region and beyond, but they need to look at cycles in each market and act accordingly.

  • Published: | Viewed: 3,656 | Comments: 0
  • Newspaper section: Asia focus
  • Writer: Katrina Clarke
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Rich Asians are lagging their counterparts in Europe when it comes to investing in real estate despite the fondness of owning land that exists in Asian cultures. 

Asians have about 27% of their wealth in real-estate against 31% for their European counterparts and 26% for wealthy investors in the Middle East, according to a report titled “Around the World in Dollars and Cents” by the international real estate adviser Savills.

The world’s wealthiest 0.003% are acquiring residences, vacation homes and commercial properties as “safe havens” for capital growth and wealth creation, and as status symbols, the report said.

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