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Friday, 6 August 2010

The Knight Frank - Citi Private Bank; Wealth Report 2010

The wealth report compiled by Knight Frank and Citi Private Wealth every year provides keen insights into what HNWI have been and are thinking about - Globally.  The focus of the report as always is on prime residential real estate and provides an overview of the collective conscience of HNW (respondents to the survey) and their views on residential property as an asset class.  Commercial property and its global performance is also covered and what is happening as well as where.  In viewing the prime residential index, remember this is Prime (prestige, luxury or premium) residential property, it would be a mistake to not segment the market as you would a bourse...Australia is ranked No.1 in the Asian region which may surprise many! The report is informative and some of the findings will surprise many of the readers, for example - "Which do you think will be the best performing property asset class in 2010"... and where is Sydney, Australia ranked in the world's top cities today?  And as always, we remind property buyers, the fundamentals of the property purchase are just as - if not more; important as the economics, this is not just a cypher view, see what HNWI rank as important...Knight Frank - Citi Private: Wealth Report 2010

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