After five years of uncertainty and caution, the global real estate market has survived without a second catastrophe. Investors are finally ready to ease back on risk aversion, expand past primary markets and begin chasing higher yields. But investor demands are very different from a half-decade ago, and it’s up to asset managers to find ways to adapt in a highly competitive fund market, while simultaneously preparing for rising interest rates and the eventual removal of accommodative policies implemented by the world’s central banks. Navigating these murky waters is the focus of the November 2013 Global Market Outlook from Ernst & Young.

According to the report, 80 percent of investors plan to maintain or raise their real estate allocations