With savers continuing to receive poor returns from banks and building societies, many people unsurprisingly continue to turn to residential property as a means of supplementing their income, supported by record-low mortgage borrowing rates, solid demand from tenants and stable yields, as buy-to-let consolidates itself as the investment of choice. But there are signs that more people are also now diversifying their investments in alternative real estate assets.
Having a diversified portfolio is increasingly seen by some financial planners as a prerequisite to responsible investing, and that may partly explain why alternative real estate assets, such as hotels, residential and care homes, reached a record 42% share of the overall UK market in Q1 2019, according to new research from Cushman & Wakefield.
Nigel Almond, head of data analytics – EMEA Research at Cushman & Wakefield, said: “Overall we have seen £4.7bn invested in UK alternative assets during Q1, taking their overall share of the market to 42%.
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