The Wealth Report: 2016 WELCOME

The Wealth Report: Part II

WHY THE WEALTH REPORT?

BENEFITS & TAKEAWAYS IMPACTING YOU:

The Wealth Report is a great snapshot of some important macro-trends impacting the economy, such as currency and interest rates, real estate purchases, demand for commercial real estate, and the expected slowdown in wealth creation. These issues are relevant to people beyond UHNWIs and can help inform you on economic trends, the real estate market, and the potential impact on your clients.

INSIGHTS

ATTITUDES TOWARD REAL ESTATE:

  • UHNWIs remain bullish on real estate.
  • On average, a UHNWI owns 3-4 homes.

Over the last 10 years, prices in the luxury markets have been pushed higher by low interest rates, but upon closer examination, it has been the weight of money from wealthy investors looking to secure assets in leading world economic hubs that has propelled markets to record levels.

New York and London have been favored by UHNWIs as primary residences, and not surprisingly, those markets have seen record sales and prices.

Typical UHNWI real estate investment portfolios allocate 11% in commercial properties and 24% in primary and second homes.

  • 30% of UHNWIs are planning a residential purchase in 2016.
  • 40% expect to increase residential holdings over the next 10 years.

What $1 Million will buy you in terms of PRIME LUXURY real estate?

  • Monaco: 183 sq./ft.
  • New York: 291 sq./ft.
  • Los Angeles: 700 sq./ft.
  • Miami: 829 sq./ft.

Watch The Wealth Report 2016 North American launch here (password: elliman).

Download the digital report, 2016 The Wealth Report, HNWI

If you have any questions related to The Wealth Report, please send me an email at howard.horowitz@elliman.com and I will be sure to answer you.

I’m always happy to hear from my clients.

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