Amid the ongoing Covid-19 pandemic and an atmosphere of heightened political instability, the significance of the home for the wealthy has never been more important: a place of work, for family and for personal well-being. The wealthy’s preferences are changing too.
“2020 was a year that no one could have ever predicted. Those who previously lived close to work moved further away to avoid denser areas and the wealthy buyer quickly sought to invest in sub-markets for both primary and secondary residences. Demand was unprecedented, inventory was extremely limited, and the essence of home became paramount.” — Mauricio Umansky, Founder and CEO, The Agency
Spotlight on the World’s Leading Markets for the Wealthy: Residential Real Estate 2021 is the second report on this subject. The global wealth map has changed since the first edition was published in 2017 and, along with significant expansions to the Wealth-X Database1, this report sheds new light on where the wealthy congregate. There is a particular focus on ultra-high net worth (UHNW) individuals — people with a net worth of more than $30m.
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