Most investors to add to overseas property, says Aviva
Some 74% of investors are likely to add to overseas property over three next three years, with almost 60% boosting exposure to Asia Pacific, according to Aviva Investors.
The fund manager, which surveyed 110 British investors in November, says only 20% of investors intend to increase exposure to British real estate and only 11% to American property.
Aviva says investors are drawn to Asia Pacific in particular owing to its strong GDP growth, urbanisation and expectations for hiring and consumption, as well as a low supply of investible properties.
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