Knight Frank just published the 2024 edition of its annual wealth report and, it turns out, that 2023 was a reasonably good year for rich people. Below are some of the charts that I found interesting as I flipped through the report.
The first is their Prime International Residential Index, which tracks the pricing of the most desirable and expensive properties in the following 100 locations. Generally, they define this as the top 5% of each market.
Moving on, this is how much square meterage that US$1 million will buy you in select city and second-home locations.
These are the cities that saw the greatest cross-border investment flows into commercial real estate.
This is their prime property price forecast for 2024.
This is what it looks like for prime rents.
And finally, this is how much net wealth you need in order to join "the 1% club" in select countries/territories.
To download a full copy of Knight Frank's 2024 Wealth Report, click here.
