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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International buyer picks up £15mn Mayfair townhouse
Knight Frank's Mayfair & Private Office teams collaborate on sale of 'exceptional' property near Hyde Park.
25 Years On: How the super-prime lettings landscape has changed since the turn of the millennium
Today's top-end tenants are a lot more footloose & want the comfort of five-star hotel living, explains Amelia Greene.
Key launches, challenges & trends in London’s new homes market
Sales are proving strongest for build-complete homes, and nearly a third of developers are expecting stronger reservation volumes in 2025, reports Anna Ward.
Foxtons responds to Bloomberg allegations
'Much progress has been made already,' says the high-profile London estate agency in response to recent criticism of its workplace culture, but 'we understand that more can always be done and we will be…
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