Make way for the millionaires

The UK’s millionaires are set to up their investment into property according to the latest Millionaire Monitor form Skandia.

Of the 436 millionaires questioned, 55% said they were going to invest in more property. More leaned towards residential investment too, with 31% saying they were going to invest in residential property and 24% interested in commercial property.

They are also planning on keeping their investments in the UK too, only 17% had property investments abroad.

Graham Bentley, Skandia UK’s head of investment strategy added:
“Our survey shows Britain’s love-affair with property continues, with subdued prices in the UK and abroad attracting those with money to invest. Investment through property funds as well as directly into bricks and mortar is an attractive option, particularly for wealthy investors who would rather avoid the hassle of managing property directly.”

You can read and download the report in full here including a full breakdown.