More than 40 percent of institutional investors plan to increase their allocations to real estate in the next few years, above that of any other asset class, according to survey from PricewaterhouseCoopers.
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Despite poor returns from the industry in 2007, the PwC survey revealed that 41 percent of investors are preparing to boost their exposure to real estate over the next three years, compared to 40 percent to private equity, 35 percent to infrastructure and commodities and 33 percent to hedge funds.
Institutional investors plan to increase RE allocation
A report from PricewaterhouseCoopers describes an increased LP appetite for real estate, particularly in Asia, but also warns that one-fifth of investors are looking to decrease their exposure to the asset class amid a shrunken asset base.