home is where the heart is and the money if inflationary trends don’t cool that’s according to the latest deutsche bank survey of investors who say that property will be their most preferred buyandhold asset class if inflation stays elevated averaging between 3 and 5 over the next decade “in spite of soaring across the world during the pandemic property is the preferred store of value in an inflationary environment while equities outstripped gold despite the latter’s huge outperformance during the inflationary 1970s” said jim reid head of thematic research and strategist tim wessel in the survey released on monday some 43 of respondents said property was the top buyandhold choice followed by 33 who opted for developed market equities and 15 for gold cryptocurrencies were “not on the radar” selected by 1 as a top asset just behind cash at 4 read fund managers’ cash pile is the biggest since 2001 says bank of america data released last week showed the rate of us inflation over the past year slowed to 63 in april from a 40year high of 66 in the prior month and marked the first decline in a year and a half deutsche bank had more than 560 responses to its the survey conducted may 25 to 27 among other highlights 69 of respondents said they believed the only way to get surging inflation under control is via recession while 61 said they believe the fed will try to get inflation back to target even at the risk of an economic slowdown only around a quarter of respondents believe the the fed will resort to a 75 basis point hike in the next 18 months while more than half see the european central bank joining the fed by hiking rates by 50 basis points at some stage german annual inflation reached the highest level in nearly 50 years in may according to data released monday should a us recession hit 78 of those surveyed see it hitting by the end of 2023 which is up from 61 in april and 31 in february finally respondents were asked about whether developedmarket equities have bottomed out for at least a few months last week the sp 500 spx and nasdaq composite comp snapped seven straight weeks of declines but two thirds of those surveyed say the bottom isn’t in yet read why the dow finally bounced and investors doubt the market bottom is in