Highlights - Marbella Luxury Real Estate Magazine 2019
We would like to welcome you to the 2019 Highlights magazine – the latest edition of the annual lifestyle and property publication of Diana Morales Properties/Knight Frank. Those people familiar with Marbella and its surroundings know us as a specialist in luxury real estate that has stood the test of time because of personalised service, authoritative market knowledge and a solid ethic.
We would like to welcome you to the 2019 Highlights magazine – the latest edition of the annual lifestyle and property publication of Diana Morales Properties/Knight Frank. Those people familiar with Marbella and its surroundings know us as a specialist in luxury real estate that has stood the test of time because of personalised service, authoritative market knowledge and a solid ethic.
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International
At a glance:
GLOBAL WEALTH TRENDS
The Wealth Report in numbers
22% The rise in UHNWIs* globally in
the next five years
20M
The number of people globally
in 2019 that have US$1 million or more in
net assets
30% The percentage of global HNWIs*
located in Europe in 2019
1.9% Average rise in prime prices in
Europe in 2018
36% The percentage of UHNWIs*
that hold a second passport
Key findings
Wealth trends: Asia’s strong economic
performance (it hosts eight of the top ten
countries with the fastest growing UHNWI
populations) means 2019 will be the year the
number of US$ millionaires globally exceeds
20 million for the first time. India will lead
five-year growth with 39%, followed by the
Philippines (38%) and China (35%).
Weaker growth: Expect slower price
growth in key luxury residential markets,
with more markets seeing values fall this year.
As values adjust, buyers will feel the balance
of power shift in their favour.
Eurovision: European cities are
still performing strongly in our Prime
International Residential Index (PIRI),
which tracks the movement in luxury
residential prices across 100 of the world’s
most desirable cities and second home
hotspots. Edinburgh, Berlin, Munich and
Madrid all made the top ten rankings in
2018, each registering annual growth above
8%. Luxury prices in Marbella ended last
year 3% higher.
Future-gazing: Madrid, Berlin, Paris
and Cape Town lead our prime price forecast
for 2019. Increasingly popular investment
hubs for European and global investors,
with a growing presence from Chinese
buyers, these markets offer healthy tenant
demand, relative good value and an attractive
lifestyle.
Hard Brexit, no
Brexit, Brexit-lite: whatever the outcome,
London will remain the leading global
wealth centre in 2019. With the world’s
largest UHNWI population, the city sweeps
the board in our annual City Wealth Index,
pushing its only serious rival, New York, into
second place.
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