Sovereign wealth funds could buy as much as US$725bn (Dh2.66tn) worth of global property assets by 2015, according to a new report.

The investment would equal 20% of the world’s property market, and would be in addition to the $4tn already owned by SWFs across all sectors, said the report by CB Richard Ellis, the property consultant company.

The report forecast that more SWFs, the billion-dollar state-backed investment vehicles, would establish their own property subsidiaries.

The National