Opportunities for wealth creation: First-hand investment perspectives. Big fans of properties and luxury goods, the extra 5,200 ultra high-net-worth individuals (UHNWIs) gained last year on an international scale, translates into plans to buy more high-end items and uber-investments. Political and economic fluctuations, growing wealth in emerging markets and the sophistication of clients intervene in the … Read more
Prices for London’s best homes continue to rise: Knight Frank. London property prices rise, but buyers are becoming more value sensitive, according to Liam Bailey, Global Head of Knight Frank Residential Research. The leading independent global property consultancy reports that prime central London residential prices increased by 0.3% in May and are up 3.2% so far … Read more
A new billionaires’ craze for building elaborate subterranean extensions is making swiss cheese of London’s poshest streets – but at what cost?
Singapore to be world’s richest country by 2050. Centa-millionaires in Asia will continue to outnumber those in North America and Western Europe by 2050, a Knight Frank and Citi Private Bank study showed. Singapore, Hong Kong, Taiwan and South Korea are projected to be the world’s richest countries on a per capita basis by 2050. … Read more
Indians topped the list of new investors in Dubai properties Dubai’s real estate market is starting to show some signs of a recovery after seeing prices drop by nearly 60 percent in the wake of the economic downturn. House prices in the emirate increased by an average 0.5 percent in 2011, property consultants Knight Frank … Read more
To gauge which cities are considered the most important to the world’s high-net-worth individuals (HNWIs), Frank Knight’s “Wealth Report 2012” surveyed Citi Private Bank’s wealth advisors around the world and Knight Frank’s global network of luxury property specialists. The survey asked which are the most important cities to their clients now, which will be the … Read more