Reuters UK- Many investors in alternative assets plan to invest more in real estate after poor returns from the sector in 2007, a PricewaterhouseCoopers (PwC) survey showed on Monday.
John Forbes, UK real estate leader at PwC, said some investors had been lured back to UK property after prices fell sharply. Growth areas such as Asian property and niche sectors such as student housing were also attracting assets, he said.
PwC’s global survey, which polled 226 institutional investors and alternative investment providers in the fourth quarter of 2007, showed a gross 41 percent of investors plan to increase real estate allocations over the next three years.
