The UK has overtaken France and Germany as the preferred location in Europe for investment by non-listed property funds, according to the Investors Intentions survey 2009 compiled by the European Association of Investors in Non-Listed Real Estate Vehicles (INREV). The survey also confirms that the UK office and retail sectors are the preferred investment segments among institutional investors.
The UK has overtaken France and Germany as the preferred location in Europe for investment by non-listed property funds, according to the Investors Intentions survey 2009 compiled by the European Association of Investors in Non-Listed Real Estate Vehicles (INREV). The survey also confirms that the UK office and retail sectors are the preferred investment segments among institutional investors.
The Investors Intentions survey is based on answers from 114 respondents, comprising 30 investors, 12 fund of fund managers and 71 fund managers. Of the total respondents, 104 were INREV members.
The report indicates that the UK is the preferred investment location for all three groups. INREV says this is the result of the UK being the first European property market to react to the global financial and economic crisis. Therefore, the UK is expected to be the first market to bottom out.
Fund managers also expressed a preference for investing in the German residential sector.
