Knight Frank has released their 2014 Wealth Report reviewing investment trends for ultra high end net worth individuals defined as $30M+.
Some topics in the report:
– Are the rich getting richer?
– Ultra high net worthers intend to increase their allocation to rael estate / property.
– Mapping the world’s wealth. Mapping and Tables showing the world’s wealth
– Luxury property market performance around the world.
“Looking for someplace to park their wealth, the world’s rich still prefer real estate as the prime place to park their wealth…And while the rich typically have 30% of their wealth in their main residence and second homes — say, a seaside escape or a ski chalet — demands for vineyards, especially those in France, have also been on the rise.”
Link to article, March 5, 2014, NYT
Extraordinairily beautiful Aspen home sale in the past year: Red Mountain location overlooking town of Aspen with huge four ski area views: 768 Hunter Creek Rd. Closed: $15M/$1,781 sq ft; Ask Price: $17.5M Original Price: $21.5M; Contemporary home Built 2010, 5 Bdrms/6.5 Ba, 8,422 sq ft, .77 acres, 2011 Taxes: $28,026 Yr.. (Photo: courtesy of Laura Maggos Properties)