When it comes to real estate, the rich are planning to do some bargain hunting this year. A survey from Realtor Knight-Frank and Citi Private Bank found that more than half of all high-net worth investors plan to add to their exposure of residential real estate in the next year or two. About 47% plan to add to their holdings of commercial real estate. (They define high-net worth investors as those with investible assets of $1 million to $10 million, excluding their principal residence.)
By Robert Frank, March 26, 2009, WSJ – The Wealth Report

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