As the world emerges from a global pandemic and the related economic crisis, the 2021 WEALTH REPORT reports that it’s more important than ever to focus on the world’s Ultra High Net Worth (UHNW) individuals to identify patterns, trends and driving forces behind investment flows.
The objective of the 2021 WEALTH REPORT is to assess how the fortunes of the ultra wealthy are changing, where they spend time, what they invest in, and what they are likely to do next, to help predict real estate demand and trends. The 2021 WEALTH REPORT identifies important economic trends and the world’s resilience through turmoil.
Key Take-Aways from the Report
- The pandemic is driving real estate innovation (see page 62 of the report)
- Housing prices are rising because of the pandemic, not despite it (see page 32 of the report), and, the pandemic-induced residential mini-boom will continue through 2021 (see page 40 of the report)
- The world’s UHNW population grew to more than 520,000, assisted by fiscal stimulus measures brought about by the pandemic, such as increased government spending and lower interest rates (see page 10 of the report)
- While the U.S. is, and will remain, the world’s dominant wealth hub, Asia’s acceleration of increased UHNW individuals puts it in pace to host 24% of all UHNWIs by 2025, up from 17% just a decade earlier (see page 16 of the report)