The Wealth Report Greater China Supplement (Knight Frank)

In the middle of a global pandemic and the related economic crisis, why should we be interested in the state of wealth around the world? More so than ever before, private capital is becoming more crucial in driving economies and real estate markets globally. Global response to the pandemic saw interest rate cuts and governments increase fiscal stimulus to support economies. As a result, the populations of many countries experienced an accelerated growth in assets, increasing the world’s ultra-high net worth population by 2.4%. Last year alone, 32% of global property investments came from private investors, which is 9% above the 10-year average, higher than the 6% fall in the amount committed by institutional investors. At the heart of The Wealth Report is the Attitudes Survey, which captures insights provided by the world’s leading private bankers and wealth advisors. It gives us unique perspectives on the investment and lifestyle decisions taken by Ultra-High-Net-Worth Individuals (UHNWIs). Included is Knight Frank’s proprietary Prime International Residential Index (PIRI), which provides a comprehensive update on the performance of the world’s 100 most important luxury city and second home markets.