Where (and why) the super-rich are investing in real estate
By Laura Battle
January 17, 2014 2:40 pm
Land ownership is, perhaps, the most ancient expression of wealth. Throughout history it has provoked conflict and inspired grandeur, from civic monuments and sacred spaces to egotistical towers and pleasure palaces.
Today the relationship between land – or property – and wealth is more complex and more commercial than ever before. Since the economic crisis of 2008, real estate has attracted many of the world’s super-rich who have sought a safe haven, and a means of diversifying assets, and a very visual symbol of power and sophistication.
Read more here - http://www.ft.com/intl/cms/s/2/595c2...#axzz30pilE4F1