A number of investors admitted they were worried about the impact of the rapidly slowing Chinese economy and the sluggish Eurozone on the UK.
UK property is considered to be the safest asset, as more than a third (36%) of investors opted for residential property above cash (27%), government bonds (22%), gold (8%) and commercial property (4%).
Rob Weaver, director of investments at Property Partner, said: “The fears our respondents have about the vulnerability of the UK economy to a weaker global environment were confirmed this week with the lower than expected Q3 GDP number.
“There are increasing signs of nervousness right now and what is very clear is that people look at residential property as a lower risk investment. With property prices continuing to rise, investors are keen to place more of their assets into residential as a defensive move.”
