According to a Preqin survey, the number of investors making new private real estate commitments decreased in the last year, with smaller investors less likely to have made those commitments.

The survey interviewed 140 private real estate investors in July and August 2013 and concluded that:

Forty-two percent of investors interviewed made private real estate fund commitments in the last 12 months, a substantial drop from both the 54% of investors that stated they had made commitments when interviewed in August 2012 and the 49% that stated the same in December 2012. While these figures may suggest a decrease in investor appetite for private real estate funds, it should be noted that the 42% of respondents that have made commitments in the last 12 months is still an increase on the 34% of investors interviewed in December 2011.