London topped competing global cities as the number one favorite among high-net-worth individuals, followed by New York, Hong Kong and Paris. Miami ranked number six just behind Singapore, followed by Geneva, Shanghai, Beijing and finally Berlin at number ten. Respondents from Latin America, however, put New York and Miami after London and not surprisingly, rated Miami as well as Sao Paolo as future contenders. Criteria for best global city included personal safety and security as well as economic openness and social stability. Nairobi and the Kenyan Coast ranked number one and two respectively in the Prime International Residential Index, which measures price growth in luxury residential markets.
Research presented in this years World Wealth Report places Miami as a significant city in the worlds prime property market. Miami came in number three with a growth of 19.1%. Emerging markets were a driving force in 2011, influencing growth in Miami, London and Vancouver. Global wealth flows were key, with prime property buyers predicted to be Chinese, Russian, Middle Eastern and Latin American in the next five years. In spite of economic downturns, the ultra-wealthy population continued to grow. According to Ledbury Research, there are 63,000 people worldwide with $100 million or more in assets. The US will still lead in 2016 with 17,100 centa-millionaires, but China will not be far behind.
High-net-worth individuals havent just been fancying real estate; theyve also invested in art, wines and sport teams. According to the report, fine art investments increased by 25% since 2010. Wine rose by 11% and 24% additional investors set their sights on sport teams. Knight Frank launched the in-depth research study in association with Citi Private Bank five years ago. To read the full report, visit World Wealth Report.Research presented in this years World Wealth Report places Miami as a significant city in the worlds prime property market.
London topped competing global cities as the number one favorite among high-net-worth individuals, followed by New York, Hong Kong and Paris. Miami ranked number six just behind Singapore, followed by Geneva, Shanghai, Beijing and finally Berlin at number ten.
Respondents from Latin America, however, put New York and Miami after London and not surprisingly, rated Miami as well as Sao Paolo as future contenders.
Criteria for best global city included personal safety and security as well as economic openness and social stability.
Nairobi and the Kenyan Coast ranked number one and two respectively in the Prime International Residential Index, which measures price growth in luxury residential markets.
Miami came in number three with a growth of 19.1%. Emerging markets were a driving force in 2011, influencing growth in Miami, London and Vancouver. Global wealth flows were key, with prime property buyers predicted to be Chinese, Russian, Middle Eastern and Latin American in the next five years.
In spite of economic downturns, the ultra-wealthy population continued to grow. According to Ledbury Research, there are 63,000 people worldwide with $100 million or more in assets. The US will still lead in 2016 with 17,100 centa-millionaires, but China will not be far behind.
High-net-worth individuals havent just been fancying real estate; theyve also invested in art, wines and sport teams. According to the report, fine art investments increased by 25% since 2010. Wine rose by 11% and 24% additional investors set their sights on sport teams.
Knight Frank launched the in-depth research study in association with Citi Private Bank five years ago. To read the full report, visit World Wealth Report.
-- Maria de los Angeles is a freelance wordsmith based in Miami.
Research presented in this years World Wealth Report places Miami as a significant city in the worlds prime property market.
London topped competing global cities as the number one favorite among high-net-worth individuals, followed by New York, Hong Kong and Paris. Miami ranked number six just behind Singapore, followed by Geneva, Shanghai, Beijing and finally Berlin at number ten.
Respondents from Latin America, however, put New York and Miami after London and not surprisingly, rated Miami as well as Sao Paolo as future contenders.
Criteria for best global city included personal safety and security as well as economic openness and social stability.
Nairobi and the Kenyan Coast ranked number one and two respectively in the Prime International Residential Index, which measures price growth in luxury residential markets.
Miami came in number three with a growth of 19.1%. Emerging markets were a driving force in 2011, influencing growth in Miami, London and Vancouver. Global wealth flows were key, with prime property buyers predicted to be Chinese, Russian, Middle Eastern and Latin American in the next five years.
In spite of economic downturns, the ultra-wealthy population continued to grow. According to Ledbury Research, there are 63,000 people worldwide with $100 million or more in assets. The US will still lead in 2016 with 17,100 centa-millionaires, but China will not be far behind.
High-net-worth individuals havent just been fancying real estate; theyve also invested in art, wines and sport teams. According to the report, fine art investments increased by 25% since 2010. Wine rose by 11% and 24% additional investors set their sights on sport teams.
Knight Frank launched the in-depth research study in association with Citi Private Bank five years ago. To read the full report, visit World Wealth Report.
-- Maria de los Angeles is a freelance wordsmith based in Miami.
Research presented in this years World Wealth Report places Miami as a significant city in the worlds prime property market.
London topped competing global cities as the number one favorite among high-net-worth individuals, followed by New York, Hong Kong and Paris. Miami ranked number six just behind Singapore, followed by Geneva, Shanghai, Beijing and finally Berlin at number ten.
Respondents from Latin America, however, put New York and Miami after London and not surprisingly, rated Miami as well as Sao Paolo as future contenders.
Criteria for best global city included personal safety and security as well as economic openness and social stability.
Nairobi and the Kenyan Coast ranked number one and two respectively in the Prime International Residential Index, which measures price growth in luxury residential markets.
Miami came in number three with a growth of 19.1%. Emerging markets were a driving force in 2011, influencing growth in Miami, London and Vancouver. Global wealth flows were key, with prime property buyers predicted to be Chinese, Russian, Middle Eastern and Latin American in the next five years.
In spite of economic downturns, the ultra-wealthy population continued to grow. According to Ledbury Research, there are 63,000 peole worldwide with $100 million or more in assets. The US will still lead in 2016 with 17,100 centa-millionaires, but China will not be far behind.
High-net-worth individuals havent just been fancying real estate; theyve also invested in art, wines and sport teams. According to the report, fine art investments increased by 25% since 2010. Wine rose by 11% and 24% additional investors set their sights on sport teams.
Knight Frank launched the in-depth research study in association with Citi Private Bank five years ago. To read the full report, visit World Wealth Report.
-- Maria de los Angeles is a freelance wordsmith based in Miami.
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