Global UHNWI population set to grow by 27% over the next five years
The total number of ultra-high-net-worth individuals on the planet increased by 2.4% in 2020, according to Knight Frank. That's just a third of the growth rate seen in 2019.
The global UHNWI population is forecast to grow by 22% over the next five years
"Despite a darkening economic outlook, wealth creation will remain a constant in 2019," predicts Knight Frank in its new Wealth Report.
More global markets see house prices begin to fall
The percentage of international property markets registering an annual fall in mainstream residential prices jumped from 2% in Q1 2020 to 16% in Q3 2020.
Global cities see house price growth accelerate
81% of international city markets tracked by Knight Frank saw property prices rise in the year to Q4 2020; one in five (20%) registered double-digit price inflation.
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Influential committee calls for ‘major reform of the whole property tax system’
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