Fac­tors that at­tract the ul­tra wealthy

Yorkshire Post - Property - - FRONT PAGE -

QUAL­ITY of life, knowl­edge and in­flu­ence, and eco­nomic ac­tiv­ity are the key fac­tors for the ul­tra­wealthy in­vest­ing in prop­erty, says Knight Frank and Citi Pri­vate Bank’s sixth Wealth Re­port

London, New York, Hong Kong and Paris are seen as the most im­por­tant world cities for high­net-worth in­di­vid­u­als (HNWIS) and Bei­jing and Shang­hai are the cities with the most rapid growth in im­por­tance to such in­vestors.

HNWIS from the Mid­dle East and Africa rate Dubai as the lo­ca­tion with the most rapid growth in im­por­tance, with HNWIS from Latin Amer­ica rat­ing Mi­ami and Sao Paolo. Monaco re­mains the most ex­pen­sive res­i­den­tial lo­ca­tion in the world, with one square me­tre there now worth $58,300.

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