38
UK INVESTORS’ INTENTIONS: PROPERTY PORTFOLIO (NEXT SIX MONTHS)
% 22
14
RISK APPETITE IS MODERATING, BUT FURTHER INVESTMENT SOUGHT
UK-based investors have, by all accounts, moved up the risk curve in the last 12 months, with overseas investors close on their heels. However, the results of this year’s survey show that the percentage of respondents who were willing to move further up the risk curve fell to 54% from 74% last year, with 46% unwilling to take on additional risk, up from 26%. The data suggests that risk appetite is likely to moderate in 2015, unsurprising given the increase seen over the last 12 months.
64
Expand/increase level of investment Maintain/consolidate/rebalance current investments Reduce/sell current investments
While the largest percentage of respondents (47%) are targeting what might be considered to be moderate IRRs of up to 10%, a substantial number of respondents (32%) are looking for 11% to 15%, with a significant minority, at 20%, still targeting returns in excess of 15%.
Despite the modest increase in risk aversion, 64% of investors still plan to expand their portfolios, down slightly from 73% last year. Another 22% seek to maintain the current investment levels, with some consolidation or rebalancing planned. Only 14% of investors plan to reduce their portfolios and, of those, 57% are simply taking profits to re-invest into new real estate projects. The market appears to be segmented evenly between risk takers and those who have already taken on as much risk as their mandates allow.
UK INVESTORS’ VOLUME FORECAST (2015 VS 2014)
% 0 11 COLLIERS INTERNATIONAL 2015 GLOBAL INVESTMENT SENTIMENT REPORT 46 16 28 UNCHANGED
UP 10%+
DOWN -1% TO -10% UP 1% TO 10%+
DOWN 10%+
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