The Wealth Report 2016

March 4th, 2016 | by: Steve Pollack | Posted in : Luxury, Real Estate News, Real Estate Tips

The Wealth Report has served as the industry’s leading publication documenting the performance of the luxury market and its interaction with wealth creation around the world. Developed by Knight Frank Residential. No other outlet covers the trends and flow of wealth as comprehensively as The Wealth Report.

• In Wealth Movements, New York (#2) and London (#1) once again hold the top twospots for cities that matter most to the world’s wealthy. On a comparative basis, New York seems quite affordable with a price per square foot of $2,586 versus London at $4,480 in 2015.
• The U.S. remains a hotspot for residential real estate investment with top three placements in neighborhood (Lower East Side, New York), city (Los Angeles) and sk resort (Aspen).
• As volatility in the global market continues and the wealthy seek outperformance in a low (or even negative) rate environment, United States based real estate remains an outstanding asset class and a safe haven for funds.

The world is becoming an ever smaller place and operates more as a global marketplace.The impact of how one region performs can positively or negatively affect another. The Wealth Report offers invaluable insight into global trends and what will impact personal assets.

From Douglas Elliman | Knight Frank Residential