Factors that attract the ultra wealthy
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.