Recently, Knight Frank released the comprehensive "Wealth Report" on the investment and wealth management consumption of global ultra-high net worth individuals in 2023.
As economic and geopolitical changes accelerate, the 2023 edition of The Wealth Report provides a timely review and outlook on important global wealth, investment trends, and real estate market trends.
The report shows
13% of ultra-high-net-worth individuals are planning to allocate a second identity, and real estate is still their top choice for investment!
#01
The overall wealth of high-net-worth individuals will decline by 10% in 2022
Challenging markets in 2022 will reduce the wealth of most ultra-high-net-worth individuals by as much as 10% (equivalent to US$10.1 trillion).
However, 69% of wealth investors expect their portfolios to grow this year, with confidence driven primarily by asset repricing, value opportunities and an expected economic rebound.
#02
13% of ultra-high-net-worth individuals plan to allocate overseas identities
One of the biggest impacts of the pandemic on high-net-worth individuals is their desire for liquidity. 13% of UHNWIs are planning to acquire a second status, which is just the tip of the iceberg.
In fact, as early as 2018, the wealth report showed that one-third of ultra-high net worth individuals have a second identity.
Now, with the gradual rise of digital nomads, this is also expected to disrupt the traditional model in terms of outbound countries, destination markets, tax systems, residential rental demand and office demand.
Digital nomad: Refers to telecommuters who live like nomads — staying in their favorite city for as long as they want.
#03
Changes in investment strategies of high-net-worth individuals in 2023
According to the survey, in the pursuit of wealth growth, 31% of investors aim to achieve capital growth, 26% hope to achieve capital preservation, and 23% of investors expect to generate income.
Nearly 1/3 of investors hope to hedge inflation risk and diversify investment through real estate investment.
In 2023, when the global situation and economic situation are turbulent, the investment and lifestyle of high-net-worth individuals are actively responding to adjustments.
47% of high-net-worth individuals choose to increase their investment portfolio, 46% increase their cash reserves, and 32% will invest in residential properties.
According to the "Investment Intentions Survey of High Net Worth Individuals", global high net worth individuals believe that residential property is the safest asset class.
It can be seen from the report that in 2023, global high-net-worth individuals’ desire for liquidity will increase significantly, and more people are planning or have already allocated a second overseas identity; in addition, real estate investment is also an important investment goal of high-net-worth individuals in 2023.
Taken together, the "real estate investment + identity planning" project that kills two birds with one stone will attract more attention from high-net-worth individuals around the world. like:
Greece - Purchasing property for permanent residence status
Portugal - buy real estate to obtain residence status
Cyprus - Purchasing Property for Permanent Residence Status
Türkiye - Purchasing Property for Citizenship
If you want to obtain the exclusive "overseas asset allocation & identity planning plan", you can leave a message in the comment area or contact Xiaoxing in the background, and we will answer you one-on-one.
Cyprus
Turkey
Saint Kitts and Nevis
Greece
