Britain’s super rich invest more money in property than their peers in most other countries of the world.
The UK is in fourth position when examining how the wealthiest invest their money.
Research from estate agent Savills shows that only Germany, Japan and the US have greater amounts of private wealth held in property by so-called ultra high networth individuals.
According to the research, UK’s 10,910 wealthiest with more than $30m (£18.2m) invested up to 80% of their wealth into global property, reaching a total of some $501.1bn.
Germany’s super rich hold the greatest interest in property with 17,820 people holding $945.1m worth of property, investing most heavily in the domestic market.
Japan has 14,270 ultra high networth individuals in 2014, and ranks second in the index. Japan’s direct real estate holdings are among the largest for any single country totalling $621bn, with investments spread across the world.
The US was in third place with 65,505 in the top category holding property worth $530.8bn.
