Affluent Upbeat About 2014 Prospects

By Editorial 03 April, 2014

63 percent of global Ultra High Net Worth Individuals are generally positive about wealth creation prospects this year, according to the Wealth Report 2014, published by British property consultancy Knight Frank.

Just four percent of respondents said they have a negative outlook for this year.

UHNWIs in Europe and the Middle East were the most upbeat, with 70 percent revealing a positive outlook in both regions. In contrast only 44 percent of UHNWIs in Australasia are positive about 2014's wealth creation prospects.

The report found that, on average, property makes up 24 percent of the investment portfolios of UHNWIs worldwide. Specifically, residential property held as an investment accounts for 54 percent of investment portfolios, while commercial property and agricultural land/forestry account for 34 percent and 12 percent, respectively.

North America is currently the most attractive investment market for UHNWIs, the report suggests. 29 percent of those surveyed said the region will deliver the greatest returns for investors in 2014. Respondents opined that Europe is the least attractive region, with 26 percent of UHNWIs saying it will deliver the weakest returns next year.

The Wealth Report asked almost 600 private bankers and wealth advisers around the world to provide an insight into their UHNWI clients' attitudes towards a wide range of topics, including their homes, investments, and ability to generate further wealth. The results represent the views of over 23,000 UHNWIs worth on average USD68m, and in total about USD1.5 trillion.

Tags: Wealth | Investment | Expats | Europe | North America | Middle East |


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