Wealthy people in Ireland are more likely than those in other countries to hold the majority of their wealth in property.According to Barclays’ latest Wealth Insights report, property accounted for 55% of the wealth held by Irish high net worth individuals despite the country's property market collapse.
Just 2% of wealth is held in business and entrepreneurial interests, 18% is held in cash and 16% held in investments.
A high net worth individual is classed as someone with assets valued at €1.2 million or above.
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Meanwhile 62% of Irish respondents said their wealth had decreased in recent years, while 18% said it had halved.
