Global Real Estate News
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Keep abreast of the latest global real estate news across 7 continents that impacts on your business.
Sotheby’s/Wealth-X UHNWI profile – London
According to the Luxury Real Estate Report 2015 published by Sotheby’s and Wealth-X, the average UHNWI property owner in London is aged 57. 30% derive their fortunes from financial services. 70% are self-made. They have median net worth of US$120mn. Attractions include the UK’s ‘safe haven’ status. The top country for foreign owners is India. ...
Read more.Sotheby’s/Wealth-X UHNWI profile – New York
According to the Luxury Real Estate Report 2015 published by Sotheby’s and Wealth-X, the average UHNWI property owner in New York City is aged 60. 40% derive their fortunes from financial services. 74% are self-made. They have median net worth of US$120mn. Attractions include low interest rates and an ‘entry point’ to the international market. The top country for foreign owners is the UK. ...
Read more.Sotheby’s/ Wealth-X: Mumbai and Singapore favoured for secondary residences
According to the Global Luxury Residential Real Estate Report published by Sotheby’s and Wealth-X, Mumbai and Singapore rank higher than Tokyo and Osaka in terms of the number of residences owned by UNHWIs, even though the numbers of locally based UNHWIs are lower. Similarly, Washington DC and Dallas ‘trump Chicago.’ ...
Read more.Sotheby’s/ Wealth-X: Mumbai and Singapore favoured for secondary residences
According to the Global Luxury Residential Real Estate Report published by Sotheby’s and Wealth-X, Mumbai and Singapore rank higher than Tokyo and Osaka in terms of the number of residences owned by UNHWIs, even though the numbers of locally based UNHWIs are lower. Similarly, Washington DC and Dallas ‘trump Chicago.’ ...
Read more.Sotheby’s/Wealth-X: UNHWIs work, but do not live or play in Mexico City
According to the Global Luxury Residential Real Estate Report published by Sotheby’s and Wealth-X, Mexico City is the top business location for UNHW individuals in that country. However, few individuals who are based outside the city own a residence there. Most UNHWIs who are based in Mexico City rarely own secondary properties in Mexico. ...
Read more.Sotheby’s/Wealth-X: China’s billionaires favour Hong Kong and Singapore
According to the Global Luxury Residential Real Estate Report published by Sotheby’s and Wealth-X, UHNW individuals in China who own multiple homes are typically young, with an average age of 52. Some 89% of them made their own fortunes. Hong Kong Singapore and the United States are the preferred markets in which they buy properties outside China. Australia and Canada. ...
Read more.Sotheby’s/Wealth-X: China’s billionaires favour Hong Kong and Singapore
According to the Global Luxury Residential Real Estate Report published by Sotheby’s and Wealth-X, UHNW individuals in China who own multiple homes are typically young, with an average age of 52. Some 89% of them made their own fortunes. Hong Kong Singapore and the United States are the preferred markets in which they buy properties outside China. Australia and Canada. ...
Read more.Sotheby’s/Wealth-X: Russia’s billionaires favour London
According to the Global Luxury Residential Real Estate Report 2015 published by Sotheby’s and Wealth-X, Russia’s 114 billionaires account for 9% of that country’s UNHW individual population and 56% of UNHW wealth. At 52 years of age, they are seven years younger than the global average for UHNW. They also buy in niche locations such as Monaco and the Caribbean. ...
Read more.Sotheby’s/Wealth-X: UNHW buyers in luxury real estate increasingly from Asia
According to the Global Luxury Residential Real Estate Report 2015 published by Sotheby’s and Wealth-X, there are almost twice as many Ultra High Net Worth (UHNW) individuals in Asia as there are in Latin America & Caribbean, the Middle East, the Pacific and Africa combined. Over the next three decades, US$16,000bn of today’s UNHW wealth will be transferred to the next generation. ...
Read more.Sotheby’s/Wealth-X: UNHW buyers in luxury real estate increasingly from Asia
According to the Global Luxury Residential Real Estate Report 2015 published by Sotheby’s and Wealth-X, there are almost twice as many Ultra High Net Worth (UHNW) individuals in Asia as there are in Latin America & Caribbean, the Middle East, the Pacific and Africa combined. Over the next three decades, US$16,000bn of today’s UNHW wealth will be transferred to the next generation. ...
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