_The Wealth Report Insight Series 2019
In this edition of The Wealth Report Insight Series, we focus exclusively on the world’s prime residential markets, in order to understand the trends that will dominate as we move into the next decade.
June 10, 2019
- Our starting point is to consider the evolution of prime residential pricing in leading world cities . Despite last year’s slowdown, Hong Kong retains its position as the world’s most expensive big city market.
- Understanding the buyer is a critical issue for anyone considering a property sale. So in this edition we analyse the property purchasing behaviour of different age groups , including the Baby Boomers, who still account for more prime London purchases than Millennials and Generation Xers combined. We also look at the locations favoured by the different age groups.
- Turning our attention to more exotic climes, our investigation into private jet arrivals at the world’s luxury island destinations confirms a growth market, with a 7% annual increase in flight activity, driven overwhelmingly by huge growth in Asia-Pacific.
- Finally, we take a look at the residential price premiums achieved by proximity to city parks. Those lucky enough to own homes adjacent to London’s Regent’s Park and New York’s Central Park both see an uplift of almost a third in the value of their homes compared with their near neighbours, confirming the ongoing attraction of rus in urbe.